UNVR – Net profit declined by 29.8% in FY24 due to lower sales

UNVR – Net profit declined by 29.8% in FY24 due to lower sales Unilever Indonesia (UNVR)'s net profit in 2024 declined by 29.83% to IDR3.36 tn from IDR4.8 tn in the previous year, while total revenue contracted by 8.99% to IDR35.13 tn. Domestic sales fell to IDR22.42 tn from IDR25.15 tn, and export sales decreased to IDR12.71 tn from IDR13.46 tn. President Director Benjie Yap attributed the lower profit to decreased sales and increased investments in transformation efforts. For 2025, UNVR plans to prioritize sustainable growth, expand distribution reach, improve gross profit margins, and strengthen its brand portfolio. The company will continue its Go-To-Market transformation, focusing on both direct and indirect distribution. UNVR aims to achieve this through operational efficiency, volume growth, and continued brand investment. (Source : Kontan)