SIDO – Targeting low double-digit growth in 2025

SIDO – Targeting low double-digit growth in 2025 Industri Jamu dan Farmasi Sido Muncul (SIDO) aims for low double-digit growth in revenue and net profit by 2025. SIDO plans to focus on domestic market penetration by expanding distribution channels and engaging Generation Z through digital marketplaces. For export markets, SIDO intends to promote its products in the Arabian Peninsula, the Economic Community of West African States (ECOWAS), and the Indochina region. This year, SIDO aims to increase its export contribution to 9–10% of total sales. Additionally, SIDO is committed to consistently launching at least 2–3 new products annually to support these growth targets. SIDO has allocated capex of IDR150–175 bn in 2025, primarily for maintaining production facilities and advancing technological development. SIDO predicts that this year’s growth will be supported by the herbal and supplement segment, featuring flagship products like Tolak Angin, Tolak Linu, and Esemag. Meanwhile, the food and beverage segment is also expected to contribute, with products such as Kuku Bima Energi. Note that, SIDO recorded revenue of IDR2.62 tn (+11.24% yoy) and net profit of IDR778.11 bn (+32.65% yoy) as of 9M24. (Source : Kontan)