SIDO – Export expansion supports long-term growth

SIDO – Export expansion supports long-term growth Industri Jamu dan Farmasi Sido Muncul (SIDO) continues to rely on its herbal segment and export expansion amid pressure on domestic purchasing power. During 9M25, SIDO recorded revenue of IDR2.73 tn (+3.9% yoy) and net profit of IDR818.5 bn (+5.2% yoy), with international sales growing 23% yoy and contributing 9.7% to total revenue. Management highlighted ongoing market expansion, including Africa and Indochina, alongside new product launches to broaden its consumer base. Overall, this update is viewed as neutral, reflecting stable performance with gradual support from overseas markets. (Source : Kontan)