In today’s briefing:
- Cisarua Mountain Dairy (CMRY IJ) – Rising Star in Staples
Cisarua Mountain Dairy (CMRY IJ) – Rising Star in Staples
- Cisarua Mountain Dairy stands out as a rising star amongst consumer staples in Indonesia driven by strong growth in both dairy through Cimory and premium foods through the Kanzler brand.
- The company will continue to benefit from lower raw material costs, as it buys six months ahead and is investing in promotions to drive the growth of new products.
- CMRY has launched Cimory Bites and Crispy Nuggets Spicy which will drive near terns growth, along with a focus on General Trade and MCM channels. Valuations are attractive versus growth.
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