The Jakarta Post
Fast moving consumer goods firm PT Unilever Indonesia booked Rp 31.21 trillion (US$2.3 billion) in revenue in the period from January to September.
The revenue grew by 3.69 percent year-on-year (yoy).
Unilever Indonesia finance director Tevilyan Yudhistira Rusli said on Wednesday that the growth mostly came from price increases rather than volume.
In terms of volume, the company only booked growth of 1 percent. "In our first nine-month performance, volume growth is flat," he said during a public expose event at the company's headquarters in South Tangerang, Banten.
The company currently has 40 brands that are categorized into two groups: home and personal care (HPC) and food and refreshment (FNR).
Yudhistira said HPC business, which contributed 67 percent of total sales, grew by 2.42 percent yoy to 21.1 trillion, while FNR, which contributed 33 percent to the total sales, grew by 6.32 percent yoy to Rp 10.1 trillion.
He said some FNR brands performed well despite the gloomy market conditions, such as the significant increase of food seasoning brand Royco’s sales. He speculated that many housewives have to use more Royco because of the high price of chicken and beef. The company's net income increased by 10.11 percent yoy to Rp 5.23 trillion. (bbn)