Indofood stock gained 1.11 percent on October 2

Published on 10/04/2026 at 20:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indofood stock posted IDR 65.526 trillion in half-year revenue for 2026, up 9.5 percent from 2025. Net income fell 19.08 percent to IDR 4.724 trillion.

Indofood, ID1000057003, Illustration mit AI erstellt.

Indofood stock (ISIN ID1000057003) was last at IDR 6,825 on the Indonesia Stock Exchange on October 2, 2026 at 4:14 p.m. WIB, up 1.11 percent from IDR 6,750. The latest half-year figures put the market move against a sharper operating contrast: revenue increased, while net income declined.

Revenue rises as profit falls

According to MarketScreener, Indofood reported IDR 65.526 trillion in revenue for the six months ended June 30, 2026, compared with IDR 59.843 trillion in the first half of 2025. That represents a 9.5 percent increase and gives the company a stronger top-line base entering the second half.

The same half-year data show net income of IDR 4.724 trillion, down 19.08 percent from IDR 5.838 trillion a year earlier. The divergence matters for shareholders because sales growth did not translate into comparable earnings growth during the period.

Consensus sees valuation upside

MarketScreener lists a Buy consensus from 13 analysts, with an average price target of IDR 8,553.85. Against the October 2 price of IDR 6,825, that target lies 25.3 percent above the stock, although the consensus page also shows a reference close of IDR 6,925.

The consensus therefore points to a valuation gap, while the earnings split supplies the main counterweight. Revenue growth of 9.5 percent is constructive, but the 19.08 percent decline in net income makes margin and cost trends more important than sales alone.

Stock stays below yearly high

On October 2, 2026, Indofood's IDR 6,825 price stood 10.2 percent below the 52-week high of IDR 7,600 and above the 52-week low of IDR 5,850. The company's market capitalization was IDR 59.9 trillion, and trading volume reached 3,362,500 shares on the same date.

For investors, the picture combines a positive daily move with a still incomplete earnings signal. The next valuation checkpoint is whether the revenue advance can be converted into renewed profit growth after the June 30, 2026 reporting period.