Indofood stock: MNC Securities downgrades Indofood stock to Hold from Buy

Published on 10/23/2026 at 04:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The rating changed to Hold from Buy on October 8, 2026. Indofood stock has an IDR 7,500 target; results are due October 29, 2026.

Earnings and analyst signals

MNC Securities downgraded Indofood to Hold and set an IDR 7,500 target on October 8, 2026.
First-half 2026 revenue rose 9.50 percent to IDR 65.50 trillion.
TradingView lists October 29, 2026 as the next earnings date.

Indofood, ID1000057003, Illustration mit AI erstellt.

Indofood (ID1000057003) faced a lower analyst stance after MNC Securities downgraded the stock to Hold from Buy and set an IDR 7,500 price target on October 8, 2026, as listed by MarketScreener. The decision puts the latest earnings mix at the center of the Indofood stock debate.

Three events frame the downgrade

On October 31, 2025, Indofood reported nine-month core profit of IDR 8.42 trillion, according to MarketScreener. On July 31, 2026, the company reported first-half results for the period ended June 30, 2026. On October 8, 2026, MNC Securities moved its recommendation to Hold from Buy and kept the target at IDR 7,500, as listed by MarketScreener.

What does the target mean for earnings?

The first-half picture combines sales growth with currency pressure. Indofood posted IDR 65.50 trillion of revenue in the first half of 2026, up 9.50 percent from the first half of 2025, while second-quarter revenue reached IDR 31.60 trillion, 11.80 percent above the year-earlier quarter, according to Investor. Net profit for the first half fell 33.10 percent year over year to IDR 4.70 trillion because net foreign-exchange losses reached IDR 3.40 trillion, compared with IDR 231.00 billion a year earlier.

Next reporting date

The next scheduled earnings report is October 29, 2026, according to TradingView. That report should show whether operating growth is translating into profit after the currency effect seen in the first half.

Currency pressure remains central

For investors, the key contrast is clear: first-half revenue grew 9.50 percent, but net profit declined 33.10 percent. Indofood's broad consumer-products base supports sales, while foreign-exchange losses remain a material swing factor for reported earnings.