SIDO - Targets around 10% yoy growth in 2025

SIDO - Targets around 10% yoy growth in 2025 Industri Jamu dan Farmasi Sido Muncul (SIDO) aims for revenue and profit growth of approximately 10% yoy in 2025. To achieve this, SIDO plans to expand its domestic and export markets, with a focus on the Arabian Peninsula, West African nations, Indochina region, Vietnam, and Thailand. Additionally, the company will launch herbal-based beverages and supplements catering to Gen Z and millennials. SIDO has allocated capex of IDR150-175 bn for 2025, primarily to maintain production facilities and enhance technology development. (Source : Kontan)