In today’s briefing:
- Delfi Ltd (DELFI SP) – The Chameleon of Confectionary
Delfi Ltd (DELFI SP) – The Chameleon of Confectionary
- Delfi Ltd (DELFI SP) is Asia’s largest confectioner, with circa 50% market share of chocolate in its largest market Indonesia, despite competition from global confectionary players over many years.
- The company produces products that are engrained in local tastes but it also produces products in different categories that compete directly with foreign competitors with a local twist.
- The negative headwinds from higher cocoa prices have started to stabilise and Delfi has deployed various strategies to offset the impact on packaging and ingredients.
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