Interloop aiming to hit $700 million in revenue by 2026

Interloop Limited (ILP), one of Pakistan’s largest publicly listed textile firms, is charting an ambitious growth trajectory, aiming to hit $700 million in revenue by FY26. With knitwear and denim spearheading exports, the company projects these segments to generate $300 million collectively.

The expansion plan includes a $92 million in capital expenditures: $58 million allocated to a new hosiery plant by the third quarter of calendar year 2025, $18.8 million for denim capacity upgrades by during the second quarter of CY2026, $13.2 million for yarn dyeing by the third quarter of CY2025, and $2.1 million for renewable energy initiatives by the first quarter of calendar 2025.

As Western brands pivot away from China due to tariffs and reduce dependency on Bangladesh, Interloop seeks to capitalise on this reorientation. Its exports surged 26% year-on-year in FY24, outperforming Pakistan’s stagnant $17 billion textile export figure.

In fiscal year 2024, utilisation rates improved significantly: Hosiery reached 82%, denim 88%, and spinning 92%. The newer apparel segment is expected to hit full operational capacity by fiscal year ending June 30, 2026, with profitability anticipated as efficiency improves. However, wastage in the apparel division remains high at 20–22%, though management is optimistic about reducing losses next year.