Sido Muncul Sets Sights on 8% Growth through Strategic Export Expansion

Business Performance Highlights

PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) is on track for solid performance growth in 2026, building on its positive achievements in the previous year. By Q3 2025, the company reported net sales of Rp 2.72 trillion, representing a 3.89% year-on-year increase from Rp 2.62 trillion in the same period of 2024 ²

The growth was primarily driven by increased sales in two key categories: herbal products rose from Rp 1.54 trillion to Rp 1.60 trillion, while food and beverages grew from Rp 986.04 billion to Rp 1.02 trillion. Consequently, SIDO's net profit attributable to the parent entity rose 5.19% YoY to Rp 818.54 billion, up from Rp 778.11 billion in the previous year ²

Export Expansion Strategy

SIDO currently generates about 10% of its total sales from exports and is focused on expanding its international footprint. According to CEO David Hidayat, the company is targeting gradual growth in export contributions by penetrating new markets in Africa, ASEAN, and the Middle East by 2026. The existing production capacity is deemed sufficient to support this expansion across all product lines, including meeting growing export demands.

Market Outlook

The company's strategic focus on both domestic and international markets positions it for robust growth. With a clear plan to expand into new geographical regions and a strong foundation in its core product categories, SIDO is well-placed to achieve its 8% growth target for 2026. The combination of organic growth and market expansion is expected to drive the company's continued success in the competitive healthcare and consumer goods sectors.