Service Industries Limited (PSX: SRVI) has laid out an expansive roadmap for growth following its latest corporate briefing, outlining plans to widen its global market reach, reinforce its domestic retail position, and scale up tyre production capacity heading into FY26. The Group’s management detailed a forward-leaning strategy positioned around export diversification, operational efficiency, and retail transformation, signaling a decisive push to strengthen its role in both international and local markets.
SRVI, already exporting to over 50 countries, is preparing to tap additional international destinations for its tyre and footwear businesses. The company highlighted rising interest in Pakistani industrial products, noting that it views this as an opportunity to deepen penetration in high-potential regions. Officials stated that the Group’s export goals are rooted in both geographical expansion and the introduction of new product categories tailored to evolving global demand.
On the retail front, SRVI is enhancing its footprint through an expanded product mix under the Servis brand. With 284 outlets nationwide, the company is positioning its retail arm as a core pillar of long-term growth. The strategic emphasis is on diversifying offerings to capture underserved market segments and building a more resilient revenue base. SRVI views the transformation of its retail operations as a crucial step toward becoming Pakistan’s leading footwear retail platform.
A central element of the briefing was SRVI’s planned capacity increase in tyre manufacturing. Management revealed that total production volume is expected to rise from 1.6 million units in FY25 to 2.0 million units in FY26. This uplift will be driven by the introduction of new product lines, improvements in operational efficiency, and an emphasis on process optimization. The company is also exploring product additions, including bias tyres designed for trucks and buses. Exploratory discussions are ongoing regarding tyres for electric two-wheelers, although SRVI anticipates slow local adoption of electric mobility in the near future.
Performance figures from the first nine months of CY25 underscore SRVI’s export strength, with the Group recording more than Rs15.1 billion in footwear exports and Rs17 billion in tyre and tube exports. Even so, management acknowledged that global demand trends remain uncertain. A contraction in worldwide tyre production and softer buyer activity in key importing markets may temper short-term export growth. Despite these challenges, SRVI remains optimistic that market development efforts, coupled with product diversification, will support long-term stability in its export portfolio.
Sustainability and energy efficiency also remain high on the company’s agenda. SRVI announced plans to install an additional 8MW of solar capacity at STPL and SLM facilities, reinforcing its commitment to lowering costs and reducing environmental impact. The Group is further targeting a 7.5MW wind energy project slated for 2026, and reported that 44 percent of its retail network already operates on solar power. These initiatives reflect a broader shift toward renewable energy adoption across SRVI’s manufacturing and retail infrastructure.
Looking beyond FY26, the company has identified three strategic priorities that will guide its development: strengthening its international presence, advancing retail expansion, and scaling production capabilities. Through new export markets, a broader domestic retail portfolio, and continued investment in capacity building, SRVI aims to position itself for sustained growth in a dynamic global economic landscape.
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