Top 30 Indonesian Soft Drink Public Companies Q3 2025 Revenue & Performance

1) Overall companies performance (Q3 2025 snapshot)
PT Mayora Indah Tbk (MYOR)
PT Indofood CBP Sukses Makmur Tbk (ICBP)
PT Indofood Sukses Makmur Tbk (INDF)
PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ)
PT Sariguna Primatirta Tbk (CLEO)
PT Akasha Wira International Tbk (ADES)
PT Multi Bintang Indonesia Tbk (MLBI)
PT Delta Djakarta Tbk (DLTA)
PT Kino Indonesia Tbk (KINO)
PT Garudafood Putra Putri Jaya Tbk (GOOD)
PT Tempo Scan Pacific Tbk (TSPC)
PT Tri Banyan Tirta Tbk (ALTO)
PT Diamond Food Indonesia Tbk (DMND)
PT Campina Ice Cream Industry Tbk (CAMP)
PT Wahana Interfood Nusantara Tbk (COCO)
PT Buyung Poetra Sembada Tbk (HOKI)
PT Siantar Top Tbk (STTP)
PT Sekar Laut Tbk (SKLT)
PT Sekar Bumi Tbk (SKBM)
PT Nippon Indosari Corpindo Tbk (ROTI)
PT Sido Muncul Tbk (SIDO)
PT FKS Food Sejahtera Tbk (AISA)
PT Sentra Food Indonesia Tbk (FOOD)
PT Jaya Swarasa Agung Tbk (TAYS)
PT Estee Gold Feet Tbk (EURO)
PT Prasidha Aneka Niaga Tbk (PSDN)
PT Palma Serasih Tbk (PSGO)
PT Magna Investama Mandiri Tbk (MGNA)
PT Unilever Indonesia Tbk (UNVR)
PT Budi Starch & Sweetener Tbk (BUDI)
2) Revenue results of major public companies in Indonesia summarized (per company)
1. PT Mayora Indah Tbk (MYOR) remained one of Indonesias largest beverage-related public companies in Q3 2025, supported by Kopiko RTD coffee, Torabika beverages, Le Minerale bottled water, and export sales. The companys annualized 2025 revenue run-rate was estimated at approximately USD 2.12.3 billion equivalent. Beverage exports and Middle East demand remained strong despite higher packaging costs and logistics expenses.
2. PT Indofood CBP Sukses Makmur Tbk (ICBP) reported 9M 2025 net sales of approximately IDR 56.27 trillion (around USD 3.5 billion equivalent), up 1.4% YoY. Operating income improved to IDR 12.74 trillion, while net income declined to IDR 8.19 trillion due to forex and raw-material pressures. Beverage diversification and ready-to-drink products continued contributing incremental growth. Gross margin stood at 35.4%.
3. PT Indofood Sukses Makmur Tbk (INDF) posted 9M 2025 net sales of approximately IDR 90.98 trillion (about USD 5.7 billion equivalent), increasing 4.6% YoY. Gross profit reached IDR 30.26 trillion, while operating income climbed to IDR 18.10 trillion. Beverage-linked distribution and consumer packaged goods remained key earnings contributors amid Indonesias resilient household consumption environment.
4. PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) delivered strong profitability in Q3 2025 with net profit reaching roughly IDR 960.9 billion (approximately USD 58 million equivalent), representing around 9% YoY growth. UHT milk drinks, tea beverages, and packaged nutritional drinks continued driving sales momentum. Stable raw milk supply and operational efficiency supported margins.
5. PT Sariguna Primatirta Tbk (CLEO) generated quarterly revenue of around IDR 727 billion (about USD 47 million equivalent), while trailing twelve-month revenue reached approximately IDR 2.81 trillion (USD 182 million equivalent). Expansion of manufacturing facilities and wider penetration into regional cities supported higher bottled water volumes.
6. PT Akasha Wira International Tbk (ADES) recorded H1 2025 revenue of around IDR 1.18 trillion (USD 76 million equivalent), while net profit reached approximately IDR 316 billion (USD 20 million equivalent). The company benefited from continued growth in premium bottled water consumption and strong domestic demand.
7. PT Multi Bintang Indonesia Tbk (MLBI) reported 9M 2025 net profit of approximately IDR 724.2 billion (USD 43.5 million equivalent). While premium beverage demand softened slightly, the company maintained profitability through pricing discipline, tourism recovery, and distribution optimization. Marketing and operating costs pressured margins during the quarter.
8. PT Delta Djakarta Tbk (DLTA) generated 9M 2025 net profit of roughly IDR 101.2 billion (USD 6.1 million equivalent). Demand growth remained modest amid weaker premium beverage consumption and competitive pricing conditions. However, the company retained strong balance-sheet stability and healthy cash reserves.
9. PT Kino Indonesia Tbk (KINO) achieved estimated 9M 2025 revenue near USD 900 million equivalent. RTD beverages and functional drinks showed strong momentum, while EBITDA margins improved due to premiumization initiatives and distribution efficiency programs. The company continued expanding modern trade penetration across Indonesia.
10. PT Garudafood Putra Putri Jaya Tbk (GOOD) experienced stable Q3 2025 beverage sales growth, particularly from Super O2 oxygenated water and functional hydration products. The company benefited from rising consumer interest in healthier beverages and sports-oriented drink categories. Beverage segment performance partially offset softer snack demand.
3) Key trends & insights from Q3 2025
Bottled water remained the fastest-growing segment within Indonesias broader soft drink market, supported by hygiene awareness and urbanization.
Functional beverages, isotonic drinks, herbal beverages, oxygenated water, and healthier RTD products continued outperforming traditional carbonated soft drinks.
Indonesian consumers increasingly shifted toward premium mineral water, alkaline water, and low-sugar beverage alternatives.
Export-oriented beverage companies such as Mayora benefited from strong Middle East, African, and Southeast Asian demand.
PET packaging costs and imported raw-material inflation created margin pressure for beverage manufacturers during 2025.
Regional factory expansion accelerated, especially among bottled water producers seeking penetration into tier-2 and tier-3 Indonesian cities.
Distribution strength became a major competitive advantage as companies competed aggressively in general trade channels and minimarket retail networks.
Sustainability initiatives, including recyclable PET bottles and lighter packaging, became increasingly important for listed beverage companies.
4) Outlook for Q4 2025 and beyond
Indonesias soft drink market is expected to maintain healthy single-digit growth supported by population expansion and rising disposable income.
Bottled water and functional beverage segments are likely to continue outperforming traditional carbonated soft drinks.
RTD coffee and tea categories are expected to see stronger consumption driven by younger urban consumers.
Companies with nationwide logistics and manufacturing networks are positioned to gain market share amid intensifying competition.
Export-focused beverage manufacturers may benefit from continued growth in Middle East and African demand.
Margin recovery may improve gradually if PET resin, sugar, and packaging costs stabilize during 2026.
Premiumization and health-focused product innovation are expected to become key competitive differentiators.
Strategic investments in sustainability and recyclable packaging are likely to accelerate as environmental regulations tighten.
5) Conclusion
Indonesias public soft drink and beverage industry demonstrated resilience throughout Q3 2025 despite inflationary pressure, currency volatility, and competitive market conditions. Leading companies such as PT Mayora Indah Tbk, PT Indofood CBP Sukses Makmur Tbk, PT Ultrajaya Milk Industry & Trading Company Tbk, and PT Sariguna Primatirta Tbk continued benefiting from strong domestic consumption, distribution expansion, and growing demand for healthier beverage categories. Looking ahead, Indonesia remains one of Southeast Asias most attractive beverage growth markets, particularly in bottled water, RTD coffee, functional drinks, and premium hydration products. Companies capable of balancing affordability, innovation, nationwide distribution, and operational efficiency are expected to remain market leaders into 2026 and beyond.

Contact Information:
Tel: +1 626 2952 442 (US) ; +86-1082945717 (China)
+62 896 3769 3166 (Whatsapp)
Email: willyanto@qyresearch.com; global@qyresearch.com
Website: www.qyresearch.com

About QY Research
QY Research has established close partnerships with over 71,000 global leading players. With more than 20,000 industry experts worldwide, we maintain a strong global network to efficiently gather insights and raw data.
Our 36-step verification system ensures the reliability and quality of our data. With over 2 million reports, we have become the world's largest market report vendor. Our global database spans more than 2,000 sources and covers data from most countries, including import and export details.
We have partners in over 160 countries, providing comprehensive coverage of both sales and research networks. A 90% client return rate and long-term cooperation with key partners demonstrate the high level of service and quality QY Research delivers.
More than 30 IPOs and over 5,000 global media outlets and major corporations have used our data, solidifying QY Research as a global leader in data supply. We are committed to delivering services that exceed both client and societal expectations.

This release was published on openPR.