Retail Stocks Set to Benefit from Nataru Period

Strong Consumer Confidence Boosts Outlook

The Christmas and New Year (Nataru) period is traditionally a strong time for retail companies in Indonesia. Recent data shows that the Consumer Confidence Index (CCI) reached 121.2 in October 2025, up from 115.0 in the previous month. This represents the highest level in the past six months and bodes well for retail sales during the Nataru period.

Positive Retail Sales Growth

The Bank Indonesia Retail Sales Survey indicates that retail sales are expected to grow by 4.3% year-on-year (YoY) in October 2025, with a 0.6% month-on-month (MoM) increase. This positive sales growth is likely to benefit retail issuers, particularly those with strong market positions and effective inventory management.

Retail Issuers' Performance

Several retail companies have reported revenue growth, although some still face challenges at the bottom line. The overall positive trend in consumer spending is expected to support the financial performance of retail issuers during the Nataru period. Investors are advised to look for companies with strong fundamentals and growth potential.