BRI Danareksa sets IDR 9,200 target for Indofood stock

Published on 10/19/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa projects 4.80 percent revenue growth for Indofood in the third quarter of 2026. Indofood stock costs EUR 0.32 on October 19, 2026.

Analyst view and operating figures

BRI Danareksa set an IDR 9,200 target on October 9, 2026.
First-half 2026 revenue reached IDR 65.53 trillion, up 9 percent year over year.
Indofood stock trades at EUR 0.32 at 9:18 a.m. CEST at Lang & Schwarz on October 19, 2026.

Indofood, ID1000057003, Illustration mit AI erstellt.

Indofood (ID1000057003) stock is linked to an IDR 9,200 target from BRI Danareksa Sekuritas, while the research house projected 4.80 percent revenue growth for the third quarter of 2026. Kontan reported the target and forecast on October 14, 2026, citing a BRI Danareksa note dated October 9, 2026.

Revenue growth meets margin pressure

The forecast gives Indofood a measured operating outlook. BRI Danareksa expects quarterly revenue to rise 4.80 percent year over year and 3.20 percent quarter over quarter, with gross margin easing to 32.00 percent after a 30-basis-point quarter-over-quarter decline. The research links the pressure to higher input costs and says the July 2026 Bogasari price increase should be fully reflected in the third quarter.

The key investor question is whether sales growth can translate into earnings. The revenue forecast is positive, but the projected margin movement shows why cost control matters alongside volume. IDX Channel also reported the IDR 9,200 target and the 4.80 percent revenue projection on October 11, 2026.

First-half figures set the baseline

Indofood entered the second half of 2026 with revenue of IDR 65.53 trillion in the first half, up 9 percent from IDR 59.84 trillion a year earlier. Operating profit increased 14 percent to IDR 13.29 trillion, while core profit rose 7 percent to IDR 6.18 trillion. Profit attributable to shareholders declined 19 percent to IDR 4.72 trillion as foreign-exchange pressure offset the stronger operating result, according to Bintang Bisnis on October 3, 2026.

That split between operating profit and attributable profit is the central context for the third-quarter estimate. Sales growth remains visible in the numbers, but currency effects and input costs can determine how much reaches shareholders.

Trading stays below one euro

At Lang & Schwarz, Indofood stock was trading at EUR 0.32 on October 19, 2026 at 9:18 a.m. CEST. The Indonesian listing trades as INDF on the Indonesia Stock Exchange, and the company operates across consumer branded products, Bogasari, agribusiness and distribution.

The further course of trading is shown by the continuously updated real-time quote of Indofood stock.