Daily BriefsIndonesia

Indonesia: Cisarua Mountain Dairy and more

In today’s briefing:

  • Cisarua Mountain Dairy (CMRY IJ) – Yoghurts, UHT Milk, and Proteins in One Basket

Cisarua Mountain Dairy (CMRY IJ) – Yoghurts, UHT Milk, and Proteins in One Basket

By Angus Mackintosh

  • Leading dairy and premium foods player Cisarua Mountain Dairy continued to demonstrate its resilience during 1Q2022 despite some omicron disruption, and rising pressure from raw materials.
  • Growth will be driven this year through capacity expansion and a focus on expanding distribution channels, especially through general trade and Miss Cimory MCM. 
  • Management remains confident in the growth outlook and will potentially raise prices in 3Q2022 to offset inflationary pressures although powdered milk prices have already stabilized. Top consumer staples pick.

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