MYOR - Higher production to cater demand on Ramadan' month and festivities

MYOR - Higher production to cater demand on Ramadan' month and festivities Mayora Indah (MYOR) will ramp up production and marketing efforts in preparation for Ramadan and Eid while also mitigating the risks of rising commodity prices and weakening consumer purchasing power. MYOR plans to enhance product availability and visibility in the market and introduce special Eid packaging. This year, MYOR is expected to benefit from the free nutritious meal program and electricity price subsidies targeting low- to middle-income consumers. Early indications show double-digit sales volume growth in January 2025, which is significant as it falls outside the traditional peak season and the Chinese New Year celebration stock-up period. Note that, MYOR is targeting double-digit sales growth this year. MYOR recorded sales of IDR25.64 tn (+11.99% yoy) and net profit of IDR2.06 tn (-0.52% yoy) in 9M24. (Source : Bisnis Indonesia)