PT Indofood CBP Sukses stock (ID1000116700): Profit dips 3% in Q1 2026 on higher costs, sales up 8% YoY

PT Indofood CBP Sukses reports a 3% year?on?year drop in net profit for Q1 2026, even as sales rise 8% on stronger instant?noodle volumes and export growth.

PT Indofood CBP Sukses Makmur Tbk (ICBP) posted a 3% year?on?year decline in net profit to IDR 2.57 trillion in the first quarter of 2026, even as revenue climbed 7.6% to IDR 21.72 trillion, according to Indonesian financial news outlets citing the company’s latest results and a Ciptadana Sekuritas research note dated May 7, 2026.

Analysts attribute the profit dip mainly to higher raw?material costs and an unrealized foreign?exchange loss of about IDR 580 billion linked to rupiah weakness against the U.S. dollar, even though operating profit rose 0.9% to IDR 4.51 trillion, indicating relatively stable core operations.

As of May 9, 2026, ICBP’s stock traded around 7,050 IDR on the Indonesia Stock Exchange, down roughly 1.7% over the prior 24 hours, according to TradingView data, while the company’s trailing?12?month earnings per share stand at about 775 IDR and its market capitalization exceeds 100 trillion IDR.

By the editorial team – specialized in equity coverage.

At a glance

• Name: PT Indofood CBP Sukses Makmur Tbk
• Sector/industry: Consumer defensive / packaged foods
• Headquarters/country: Jakarta, Indonesia
• Core markets: Indonesia and selected export markets
• Key revenue drivers: Instant noodles, dairy, seasonings, snacks, beverages and packaging
• Home exchange/listing venue: Indonesia Stock Exchange (IDX), ticker ICBP
• Trading currency: Indonesian rupiah (IDR)

PT Indofood CBP Sukses: core business model

PT Indofood CBP Sukses Makmur operates as a large?cap consumer?defensive player focused on packaged foods and beverages in Indonesia, with well?known brands such as Indomie, Supermi, Sarimi and Sakura in the instant?noodle segment, plus dairy, seasonings, snacks and nutrition products.

The company also runs a packaging business that supplies flexible and corrugated packaging to its own products and third parties, giving it some vertical integration and cost control within the supply chain.

As a domestic?focused food producer, ICBP benefits from Indonesia’s large population and relatively stable demand for staple foods, but its profitability is sensitive to rupiah?dollar exchange rates and global commodity prices for key inputs such as wheat, palm oil and dairy.

Main revenue and product drivers for PT Indofood CBP Sukses

In Q1 2026, instant noodles remained the largest revenue driver, contributing roughly 74% of total sales, according to Ciptadana Sekuritas’ May 7, 2026 note, with volume growth helping push overall revenue up 7.6% year?on?year despite only modest price increases.

Domestic sales rose 5.6% to about IDR 15.47 trillion, while export revenue climbed 13% to IDR 6.25 trillion, reflecting continued demand for Indonesian?branded noodles and other food products in neighboring Asian and Middle Eastern markets.

Operating margins were under pressure, with EBIT margin slipping about 1.4 percentage points to 20.8%, as higher raw?material costs and currency?related losses partially offset the benefit of volume growth and operational efficiency.

Conclusion

PT Indofood CBP Sukses delivered modest top?line growth in Q1 2026, supported by strong instant?noodle volumes and expanding exports, but net profit fell 3% year?on?year as higher input costs and currency?related losses weighed on margins.

For US investors, ICBP offers exposure to Indonesia’s large consumer base and a defensive food portfolio, yet its earnings are exposed to rupiah volatility and global commodity cycles, which can compress margins during periods of currency weakness or rising raw?material prices.

The stock trades at a single?digit trailing?12?month earnings multiple and offers a modest dividend yield, positioning it as a relatively stable but not high?growth consumer play in Southeast Asia, with near?term performance likely to hinge on how well management can manage input costs and currency risk.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.