Food & beverage
MARKET CAP: RP 67.75 TN
NET INCOME: RP 1.57 TN
With a population of over 260 million, Indonesia offers a huge opportunity to the food and beverage business. The government has even declared it one of the priority sectors as it serves to be the biggest contributor to the GDP outside the oil and gas sector—in 2017 the figure was 34.33%. Food and beverage exports are also growing: $11.5 billion last year, up from $10.43 billion in 2016. And this year, in general, the Indonesia Food and Beverage Association predict 10% growth for the industry.
Riding on the back of the growth narrative and bright outlook is PT Mayora Indah. Started as a home industry in Jakarta back in 1948, the company has transformed itself into one of the largest food and beverage players in the country. From just a sweet biscuit producer, the company is now one of the market leaders in every product segments it has entered: biscuits, confectionary, chocolates, coffee and cereals. It is a pioneer in several products like coffee candies and wafer rolls. The company is also the market leader in other countries like the Philippines, Thailand, Iran, Lebanon and South Russia.
In the last five years the company has managed to grow a healthy double digit 15% CAGR in its top line. It has also showed a steady upside trend in net profit, making the company eligible to be among Forbes Indonesia’s Best of the Best.
The company also sees a brighter outlook for this year, half-year performance already showed 15% growth in sales, exceeding the 12% target set in the beginning of the year.
This story is from the August 2018 edition of Forbes Indonesia.
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This story is from the August 2018 edition of Forbes Indonesia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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