SIDO – Sales projected to increase in 2H24

SIDO – Sales projected to increase in 2H24 Industri Jamu dan Farmasi Sidomuncul (SIDO) is projected to experience sales increase in 2H24 due to rainy season at the end of the year. Tolak Angin as one of the products with a contribution of around 50% of total revenue and the highest gross profit margin compared to other products as well as other herbal medicine and supplement segments are projected to continue to record growth in line with strategic moments in the rainy season. SIDO will also continue to innovate for the distribution network to expand the product range. SIDO has started distributing its products directly to Alfamart since May 2024 and to Indomaret since July 2024, without intermediaries of sub-distributors. The strategy is projected to increase gross margin by up to 5% and increase sales volume by around 5%. (Source : Investor Daily)