Sido Muncul Targets Performance Growth Of 10 Percent In 2025

Photo: Doc. Sido Muncul

JAKARTA - PT Industri Jamu dan Pharmacy Sido Muncul Tbk (SIDO) targets performance growth of 10 percent in 2025. President Director of Sido Muncul, David Hidayat, said this target would be achieved through the expansion of the domestic market and exports.

"We are conservatively targeting double-digit growth of at least 10 percent," said David, recently.

On the other hand, international expansion will continue to expand. Currently, SIDO has marketed its products to Arab Peninsula countries, the Economic Community of West African States (ECOWAS) and the Indochina region.

"In the future, Vietnam and Thailand will be the targets of the next (expansion) focus country," he added.

For information, as of September 30, 2024, SIDO posted a net profit attributable to owners of the parent entity of IDR 778.11 billion. The profit grew 32.65 percent on an annual basis or Year on Year (YoY) from IDR 586.57 billion.

SIDO's surge in net profit was supported by an increase in sales by 11.24 percent YoY to Rp2.62 trillion until the third quarter of 2024. In the same period in 2023, SIDO's sales amounted to Rp2.36 trillion.

The details are that sales of herbal herbs and supplements contributed Rp1.54 trillion, an increase of 6.17 percent YoY. Sales of the food and beverage segment reached Rp986.04 billion.

Finally, the pharmaceutical segment contributed Rp95.28 billion during the January-September 2024 period. This achievement jumped 11.56 percent on an annual basis from Rp85.41 billion.