Global pressures weigh on Nishat Mills’ results
Pakistan-based Nishat Mills Limited has reported flat revenues for the nine months ended 31 March 2026, to PKR 133.342 billion ($479.5 million).
Unfavourable rate variances largely drove the dip despite higher sales volumes.
Rising production costs and global economic uncertainty weighed heavily on performance, with gross profit sliding 14% to PKR 13.1 billion, according to the company's report.
The broader textile sector remained under strain during the period, as sluggish exports coincided with heightened volatility. The outbreak of the US–Iran war in February 2026 further disrupted global markets, slowing growth, fuelling inflation and intensifying fuel and food insecurity.
On the domestic front, the sector is grappling with a severe shortage of raw materials. Cotton output fell to 5.6 million bales, against a target of 10.2 million, forcing reliance on imports. Rising crude oil prices also pushed up international polyester fibre costs, further squeezing margins across the textile value chain.
