Bunny’s sets sights on the capital, plans bread plant in Islamabad

Bunny’s Limited (PSX: BNL) told the Pakistan Stock Exchange late on 21 May that its board has approved the establishment of a new bread-manufacturing facility on the outskirts of Islamabad.

“The proposed plant will have an installed capacity equal to approximately 25 per cent of the company’s existing Lahore operations,” the notice reads. Management did not publish a capex figure, but said that it would be financed by the company’s internally generated free cash flow.

Founded in 1980 and listed via a reverse-merger in 2017, Bunny’s today sells a portfolio that ranges from staple sliced bread and buns to value-added items such as rusks, queen cakes, cookies and “Muncherz” snack foods.

Bread-related SKUs still generate about 90% of group turnover, with sliced loaves alone accounting for roughly 40%. Snacks contribute the remaining 10%. The company earned revenue of Rs7 billion for the year ended June 30, 2024. Nine-month sales to March 31, 2025 reached Rs5.504 billion, up 4.8% year-on-year, while gross profit nearly doubled thanks to cheaper wheat and cooking-oil inputs.