Sales are growing faster than profit
+11.3%
Net sales at a foods major in H1, while profit fell 33%
A listed pharma group grew revenue 14% while earnings slipped 2.8%.
Source Databoks, 14 Aug · KB Valbury, 11 Aug
Across every category
Three forces shaping the quarter
Retail cools while vehicles accelerate
0.5%
Expected August retail sales growth, against 1.1% in July
Spare parts and accessories lead retail, ahead of food, beverages and tobacco. New car sales rose 28.1% in September.
Source IDN Financials (Bank Indonesia survey), 10 Sep · Trading Economics, 8 Oct
Premium fuel prices rose on 1 September
Rp4,050
Increase per litre for Pertamina Dex
Subsidised fuel was unchanged. Analysts still described vehicle demand as resilient.
Source Databoks, Sep · Trading Economics, 8 Oct
Food & beverage
Record sales at a foods major, a dairy and beverage maker rebounding.
A listed dairy and beverage maker: H1 revenue up 35%
Net profit rose 74%. Q2 revenue rose 51% against a weak base, gross margin reached 34.9%, and advertising and promotion fell to 1.9% of Q2 revenue.
Source Investortrust, 31 Jul
A listed Indonesian foods major posts record H1 net sales of Rp41.86 trillion
Consolidated sales rose 11.34%, but profit attributable to owners fell 33.12% to Rp3.70 trillion.
Source Databoks, 14 Aug
Home & personal care
A global household-products major's Indonesian arm is growing volume.
Sales up 7.1% on 7.3% underlying volume
Net sales were Rp16.9 trillion and net profit rose 10.2%. Eighteen of 24 brands grew, helped by wider general trade reach, stronger modern trade execution and momentum in e-commerce.
Health
Revenue is up, earnings are flat to down.
A listed pharma group: 1H26 revenue up 14%
Revenue was Rp19.48 trillion. Earnings were Rp1.92 trillion, down 2.8%.
Source KB Valbury, 11 Aug
Fuel & lubricants
Premium grades got more expensive, subsidised grades did not.
The state fuel marketer raises three non-subsidised fuels on 1 September
Pertamina Dex rose Rp4,050 to Rp25,200 a litre and Dexlite rose Rp4,000 to Rp23,700. Pertalite and Biosolar stayed at Rp10,000 and Rp6,800.
Source Databoks, Sep
Vehicles & parts
Cars and motorbikes are both growing strongly.
New car sales rise 28.1% in September, the sixth straight year-on-year gain
Sales reached 79,450 units, and January to September sales rose 21% to 679,020. Analysts cited resilient demand despite inflation and higher non-subsidised fuel prices.
Source Trading Economics, 8 Oct
Motorbike sales rise 15.37% to 654,343 units, the highest since October 2014
Growth was the strongest since May, up from 3.18% in August.
Source Trading Economics, 8 Oct
Spare parts and accessories lead retail sales
Bank Indonesia expects August retail sales to rise 0.5%, led by spare parts and accessories, then food, beverages and tobacco.
Building materials
Cement demand is recovering.
A listed cement maker: H1 volume up 7.6%
Sales volume was 9.6 million tons and revenue rose 5.2% to Rp8.45 trillion. Management expects favourable weather and higher government spending toward year-end.
