Nishat Mills Limited (NML), the flagship company of the Nishat Group, has announced a wide-ranging expansion strategy covering renewable energy, textile production, and dairy operations. The plans were shared during a corporate briefing session attended by Topline Securities on Thursday.
According to the brokerage house, NML’s management outlined its upcoming initiatives, which include further investments in renewable energy. With 38MW of solar power already installed, the company now aims to add an additional 4MW of solar capacity. NML is also considering installing a 45TP steam boiler along with advanced battery-storage infrastructure to enhance energy efficiency and resilience.
In the textile division, NML is planning to expand its open-end yarn production by adding 3,000 new rotors, increasing the total count to 13,000. This expansion is aimed at boosting production capacity and meeting rising global demand.
The company is also constructing a new workwear garments unit, set to be commissioned in FY25, with a pilot project already underway to test and optimize operations.
Beyond textiles and energy, NML is investing heavily in Nishat Sutas Dairy Limited. The company has approved up to Rs5 billion in funding for the dairy subsidiary, with Rs3.9 billion already invested as of June 2025. This investment signals NML’s strategy to diversify its revenue streams and strengthen its footprint in the dairy sector.
During the briefing, NML’s management noted that margins in Europe have become more competitive due to shifting dynamics in global trade. Countries facing higher U.S. tariffs, such as Bangladesh, are diverting more exports to Europe, intensifying competition for Pakistani textile producers.
Despite expecting FY25 to be “slightly challenging,” NML remains optimistic due to its expanding product portfolio, which now includes denim and technical textiles. These higher-value segments are expected to support profitability and reduce business risks.
The company also plans to widen its presence by entering additional European markets and exploring non-traditional textile markets to capture new growth opportunities.
Established in 1951, Nishat Mills Limited is one of the largest vertically integrated textile companies in Pakistan, with operations ranging from spinning, weaving, dyeing, and printing to stitching and apparel manufacturing. The company also produces yarn, linen, and cotton-synthetic blended products, and operates in the power generation sector.
