Press release
Top 30 Indonesian Personal Care Public Companies Q3 2025 Revenue & Performance
PT Unilever Indonesia Tbk (UNVR) personal care leader
PT Victoria Care Indonesia Tbk (VICI) cosmetics & body care
PT Kino Indonesia Tbk (KINO) wide personal care portfolio
PT Mandom Indonesia Tbk (TCID) grooming & cosmetics
PT Mustika Ratu Tbk (MRAT) heritage cosmetics & herbal
PT Martina Berto Tbk (MBTO) cosmetics manufacturer
PT Akasha Wira International Tbk (ADES) consumer goods with personal care exposure
PT Uni-Charm Indonesia Tbk (UCID) personal hygiene products
PT Estee Gold Feet Tbk (EURO) cosmetic segment player
PT Nanotech Indonesia Global Tbk (NANO) cosmetics-adjacent tech & materials
PT Multi Spunindo Jaya Tbk (MSJA) body care segment
Additional Public Companies with Personal Care / OTC / Hygiene Exposure
PT Tempo Scan Pacific Tbk (TSPC) consumer healthcare + personal care
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) herbal & personal care lines
PT Darya-Varia Laboratoria Tbk (DVLA) OTC & related products (often crossover with personal care.
PT Indofarma Tbk (INAF) OTC health / body care adjacent
PT Tunas Baru Lampung Tbk (TBLA) personal care segment exposure in revenue ranking
PT Tifico Fiber Indonesia Tbk (TIFO) personal care adjacent products
PT Surya Pertiwi Tbk (SURY) diversified consumer products with personal care exposure
PT Sariguna Primatirta Tbk (SGRO) consumer goods including care products
PT Surya Toto Indonesia Tbk (TOTO) hygiene / homecare adjacent
PT Kalbe Farma Tbk (KLBF) large healthcare & OTC portfolio
PT Wings Surya (not publicly listed but often grouped within sector value chains)
PT Falmaco Nonwoven Industri Tbk (FLMC) nonwoven products used in hygiene care
PT Soraya Berjaya Indonesia Tbk cosmetics & beauty listings mentioned in sector rankings
PT Haloni Jane Tbk cosmetics product exposure
PT Ace Oldfields Tbk cosmetics exposure
PT Indo Oil Perkasa Tbk personal care exposure (as listed in sector)
PT Klinko Karya Imaji Tbk part of personal care revenue rankings
PT Sarana Meditama Metropolitan Tbk medical / care services with overlapping healthcare and personal hygiene exposure
2) Revenue results of major public companies in Indonesia summarized (per company)
1) PT Unilever Indonesia Tbk (UNVR) - Net Sales: ~IDR 9.4 trillion (~USD 560 million) Net Profit: ~IDR 1.2 trillion (~USD 70 million) YoY Growth: Net profit up ~117% YoY; gross margin improved significantly. Volume-led growth across all business units and improvements in pricing and portfolio mix influenced performance.
2) PT Victoria Care Indonesia Tbk (VICI) - Revenue: ~IDR 1,028.3 billion (~USD 61.6 million) Gross Profit: ~IDR 575.8 billion (~USD 34.5 million) Net Profit: IDR 119.1 billion (~USD 7.1 million) Performance: Slight YoY profit decline vs Q3 2024; maintained strong gross margin (~56%).
3) PT Kino Indonesia Tbk (KINO) - Publicly recognized personal-care product maker (Ellips, Ristra, Ovale).
4) PT Mandom Indonesia Tbk (TCID) - Cosmetics & grooming leader.
5) PT Mustika Ratu Tbk (MRAT) - Heritage cosmetics & personal care.
6) PT Martina Berto Tbk (MBTO) - Cosmetics manufacturer
7) PT Akasha Wira International Tbk (ADES) - Diversified consumer group with beauty product exposure.
8) PT Uni-Charm Indonesia Tbk (UCID) - Personal hygiene products.
9) PT Estee Gold Feet Tbk (EURO) - Listed cosmetics segment.
10) PT Tempo Scan Pacific Tbk (TSPC) - Large OTC & branded portfolio (including personal care): 9M25 net profit ~IDR 1.14 trillion (~USD 68 million) for Q3 period coverage.
3) Key trends & insights from Q3 2025
Consumer Demand Normalization - Post-pandemic discretionary spending patterns continued evolving, with personal-care categories showing resilient demand, especially in mass and mid-tier segments. Premiumization trends were evident as consumers balanced value with quality and innovation.
Margin and Cost Management - Major players like Unilever posted improved margins (gross margin ~49.2%) amid cost discipline, while mid-tier firms balanced advertising and distribution cost pressures.
Digital Channels Growth - E-commerce and social commerce continued to gain share, particularly among younger consumers, accelerating omni-channel strategies for brands across segments.
Local Brand Momentum - Indonesian heritage brands (e.g., Mustika Ratu, Kino) maintained relevance through niche products and local market insights, partially offsetting competition from multinational brands.
4) Outlook for Q4 2025 and beyond
Market Expansion & Innovation: Personal care is expected to grow modestly, bolstered by renewed consumer confidence and product innovations, particularly in premium skincare, sustainable formulations, and multifunctional care.
Digital & Omni-Channel Focus: Stronger digital marketing and e-commerce integration will be crucial to capture Gen-Z and millennial market segments.
Regulatory & Cost Environment: Input costs and regulatory shifts (ingredient standards, trade policies) may affect margins; firms with stronger supply chain efficiencies are positioned better.
M&A & Consolidation Potential: Larger players may pursue strategic acquisitions or brand partnerships to fortify market share and diversify portfolios.
5) Conclusion
The Indonesian personal care industrys Q3 2025 performance reflected steady recovery and transition, underpinned by resilient consumer demand, evolving premium preferences, and digital channel adoption. While marquee companies like Unilever Indonesia delivered robust sales and profitability gains, many mid-tier and specialty players sustained growth through niche positioning and distribution expansion. Looking ahead, innovation, cost discipline, and digital strategies are poised to shape competitive dynamics into 2026.
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