Nishat Mills Ltd

Nishat Mills Ltd - Business Segment

Dyeing
Overview
Produces dyed fabric using different qualities of the greige fabric.

Dyeing
Performance
Reported revenue of PKR31,891 million for FY2023, which grew 45.2% YoY, and reported a
CAGR of 65.5% during 2021-23. Accounted for 16.5% of the company's revenue in FY2023.

Garments
Overview
Manufactures garments using processed fabric.

Garments
Performance
Reported revenue of PKR14,124.9 million for FY2023, which decreased 1.8% YoY, and
reported a CAGR of 29.9% during 2021-23. Accounted for 7.3% of the company's revenue in
FY2023.

Home Textile and Terry

Overview
Manufactures home textile products through processed fabric produced from greige fabric.
Offers a wide range of products including quilt covers, flat sheets, fitted sheets, valances,
pillowcases, cushions, curtains, embroidery, baby sets, and table linen, and others.

Home Textile and Terry

Performance
Reported revenue of PKR44,025.5 million for FY2023, which grew 31.4% YoY, and reported
a CAGR of 30.2% during 2021-23. Accounted for 22.7% of the company's revenue in
FY2023.

Hotel
Overview
Provides hotel and allied services. Operates through the company’s subsidiary Nishat
Hospitality (Pvt) Ltd that runs a four-star hotel in Lahore on international standards under the
name of The Nishat St. James Hotel.

Hotel
Performance
Reported revenue of PKR652.4 million for FY2023, which grew 25.2% YoY, and reported a
CAGR of 49.8% during 2021-23. Accounted for 0.3% of the company's revenue in FY2023.

Power Generation
Overview
Generates, transmits and distributes power using oil, gas, coal, steam, and biomass. Owns
and operates captive co-generation power plants for its spinning, weaving, processing,
stitching and apparel units.

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Nishat Mills Ltd

Generates power through Caterpillar, Wartsila, Cummins, Jenbacher and Mak and Daihatsu
engines. Uses gas, furnace oil, diesel, coal and biomass, and Steam as fuel for power
generation.

Power Generation
Performance
Reported revenue of PKR23,167 million for FY2023, which decreased 2.6% YoY, and
reported a CAGR of 42.0% during 2021-23. Accounted for 12.0% of the company's revenue
in FY2023.

Spinning
Overview
Produces various qualities of yarn including dyed yarn and sewing thread using natural and
artificial fibers at Faisalabad and Feroze Wattwan, Pakistan.

Spinning
Performance
Reported revenue of PKR47,547.0 million for FY2023, which grew 4.9% YoY, and reported a
CAGR of 25.1% during 2021-23. Accounted for 24.5% of the company's revenue in FY2023.

Weaving
Overview
Produces greige fabrics using yarn.

Weaving
Performance
Reported revenue of PKR32,268.6 million for FY2023, which grew 23.1% YoY, and reported
a CAGR of 39.4% during 2021-23. Accounted for 16.7% of the company's revenue in
FY2023.

America
Performance
Reported revenue of PKR15,539.6 million for FY2023, which grew 11.7% YoY, and reported
a CAGR of 42.4% during 2021-23. Accounted for 8.0% of the company's revenue in FY2023.

Asia, Africa and Australia

Performance
Reported revenue of PKR36,940.9 million for FY2023, which grew 32.5% YoY, and reported
a CAGR of 41.6% during 2021-23. Accounted for 19.1% of the company's revenue in
FY2023.

Europe
Performance
Reported revenue of PKR43,381.7 million for FY2023, which grew 25.8% YoY, and reported
a CAGR of 39.1% during 2021-23. Accounted for 22.4% of the company's revenue in
FY2023.

Pakistan
Performance

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Nishat Mills Ltd

Reported revenue of PKR89,427.3 million for FY2022, which grew 59.0% YoY, and reported
a CAGR of 45.3% during 2020-22. Accounted for 54.0% of the company's revenue in
FY2022.

Pakistan
Performance
Reported revenue of PKR97,814.1 million for FY2023, which grew 9.4% YoY, and reported a
CAGR of 31.9% during 2021-23. Accounted for 50.5% of the company's revenue in FY2023.

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Published: 17 Oct 2023 Page 3

Extracted: 13 Jan 2024