SIDO - Targets 8% yoy growth in 2026F supported by product innovation

SIDO - Targets 8% yoy growth in 2026F supported by product innovation Industri Jamu dan Farmasi Sido Muncul (SIDO) management has set a growth target of 8% yoy for both revenue and net profit in 2026F. This optimism is driven by the company's continuous product innovation, including the recent launch of herbal supplements "Sido Muncul Natural Mahoni" and "Sido Muncul Natural Sari Daun Salam" to strengthen its health portfolio. Additionally, the upcoming Ramadan and Idul Fitri festivities are expected to serve as positive catalysts for sales performance. Financially, SIDO 9M25 revenue and earnings grew 3.9% yoy and 5.2% yoy to IDR2.73 tn and IDR818.5 bn, respectively with a robust net margin of 30.13%. (Source : Kontan)