Mayora Indah posts 46.50 percent profit growth: what it means for Mayora Indah stock

Published on 10/07/2026 at 04:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income reached IDR 1.71 trillion, up 46.50 percent. For Mayora Indah stock, the full-year outlook is 5.00-8.00 percent revenue growth.

Mayora, ID1000060007, Illustration mit AI erstellt.

Mayora Indah (ID1000060007) posted first-half 2026 net income of IDR 1.71 trillion, up 46.50 percent year over year, according to Kontan on October 5, 2026. The result gives Mayora Indah stock a clear earnings anchor, although input costs remain central to the second-half outlook.

Profit grows faster than revenue

Revenue reached IDR 17.92 trillion in the first half of 2026, a 0.70 percent year-over-year increase, while gross margin rose to 25.70 percent. Kontan reported that core profit excluding foreign-exchange gains grew 35.20 percent year over year, showing that the earnings improvement was not limited to currency effects.

The contrast matters: revenue growth was below 1.00 percent, but net income increased 46.50 percent. Lower coffee and cocoa costs supported the margin, while the company also benefited from a stronger export contribution.

Guidance meets cost pressure

Kontan reported on October 5, 2026, that management retained full-year 2026 revenue-growth guidance of 5.00-8.00 percent and a gross-margin target of 24.00-25.00 percent. Domestic sell-in growth exceeded 15.00 percent in July 2026, above the internal target of 10.00 percent.

Analyst Christy Halim of BRI Danareksa Sekuritas recommended Mayora at a target price of IDR 2,500.00 in research dated August 27, 2026, as reported by Kontan. The counter-factor is raw-material volatility: another analyst cited by Kontan said second-half gross margin could normalize toward 23.00 percent.

What the profit growth means

The earnings comparison points to operating leverage rather than simple top-line acceleration. For the remainder of 2026, the key test is whether domestic volume growth and lower input costs can offset higher packaging, logistics and commodity expenses.

Stock remains below its yearly high

On the Indonesia Stock Exchange, MYOR was last at IDR 1,405.00 on October 6, 2026 at 4:14 p.m. WIB, compared with a prior close of IDR 1,390.00. Its market capitalization was IDR 31.2 trillion, and the 52-week range was IDR 1,355.00-2,490.00.

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