SIDO – Performance growth on new products' launch

SIDO – Performance growth on new products' launch Industri Jamu dan Farmasi Sido Muncul' (SIDO) revenue declined 3.6% yoy to IDR1.82 tn in 1H25, mainly due to lack of catalyst post-Eid festivities. Looking ahead, SIDO will continue to innovate as to improve its performance, by launching new products i.e. the launching of Vitamin D3+K2 in 1Q25, as well as healthy children’s milk in grape and strawberry flavors, Sido Muncul Natural Sari Alam betel leaf, and Sido Muncul Tentrem teh tarik in 2Q25. SIDO’s performance is also supported by export sales, which rose 17% yoy in 1H25, mainly to Indochina, Africa, Philippines, and Nigeria. (Source : Kontan)