Key insights and market outlook
PT Cisarua Mountain Dairy Tbk (CMRY) reported 18.63% year-on-year revenue growth to Rp7.9 trillion and 38.51% net profit increase to Rp1.6 trillion in Q3 2025. The growth was driven by strong dairy product sales recovery and successful introduction of new healthier product variants. Analysts remain positive about CMRY's prospects despite potential consumer spending challenges.
PT Cisarua Mountain Dairy Tbk (CMRY) has delivered a robust financial performance for the first nine months of 2025, with revenue reaching Rp7.9 trillion, an 18.63% year-on-year increase 1
Analysts from Ciptadana Sekuritas Asia noted that CMRY's sales recovery was particularly strong in the dairy segment, supported by higher consumption outside the home. The company also successfully introduced new product variants, including sugar-free yogurt drinks, which have attracted strong consumer interest 1
Further analysis by Ina Sekuritas revealed that both of CMRY's main business segments recorded strong growth. The dairy segment saw a 14% year-on-year increase, while the consumer goods segment grew by 29% year-on-year 2
Despite the positive results, analysts remain cautious about potential challenges in consumer spending. Rifdah Fatin Hasanah from Ina Sekuritas noted that the performance was achieved during a period of weaker consumer purchasing power, as reflected in the slower household consumption growth of 4.89% in Q2 2025, down from 4.97% in the previous quarter 2
CMRY is focusing on expanding its distribution network to support future growth. The company's ability to maintain its momentum will depend on its capacity to navigate potential economic challenges while continuing to innovate and meet changing consumer preferences.
Q3 2025 Earnings Report
Distribution Network Expansion Plans