SIDO – Strategies to bounce back, after weak 1Q25 results

SIDO – Strategies to bounce back, after weak 1Q25 results Industri Jamu dan Farmasi Sido Muncul (SIDO) is working to improve its performance over the remainder of full year 2025, following a decline in 1Q25 results. The company’s sales in 1Q25 fell 25.09% yoy to IDR789.1 bn (prev: IDR1.05 tn), primarily driven by a sharp drop in sales of herbal medicine and supplements, which declined to IDR363.07 bn (prev: IDR626.88 bn). As a result, net profit in the quarter also fell to IDR232.94 bn (prev: IDR390.49 bn). To perform better in the coming quarters, SIDO is focusing on accelerating volume-driven growth through distribution expansion. The company is also launching new products aimed at younger, health-conscious consumers, while exploring opportunities to grow its export footprint. (Source : Kontan)