Skip to content

9M 2024 Overview

Addressing internal challenges through operational improvement, greater digitalization and portfolio expansion while continuing to make progress in areas critical to the Company’s future.

Vaseline Gluta Hya is the first ultra-light sunscreen
  • IDR 27.4 Tn Net SalesDomestic Sales -9.9% vs 9M 2023 driven by -4.1% UPG and -5.8% UVG.
  • 48.4%Gross Margin
  • 14.1%Profit Before Taxdeclined by 358 basis points year on year as a result of higher investment in advertising and sales deleverage.
  • IDR 3.0 Tn Net Profit

Underlying sales growth (USG)

Charts require JavaScript to be enabled.

Underlying volume growth (UVG)

Charts require JavaScript to be enabled.

Underlying price growth (UPG)

Charts require JavaScript to be enabled.

Financial Highlights

  • Net Sales of IDR 27.4 trillion resulting in Net Profits of IDR 3.0 trillion in YTD September 2024.
  • Domestic revenue declined by 9.9% year-on-year due to negative Underlying Price Growth (UPG) of -4.1% and negative Underlying Volume Growth (UVG) of -5.8%. The declined in UVG is contributed by price instability and customer stock reduction in Q3.
  • Delivered Gross Margins of 48.4% despite the decline in UPG in YTD September 2024.
  • Profit Before Tax (PBT) Margins declined by 358 basis points year on year as a result of higher investment in advertising and volume deleveraging.
  • Relatively stable market share in 2024 but still below YTD October 2023 level.
Sunlight 100% food grade
Benjie Yap profile picture.

“We are navigating challenging time as reflected in our results, we have a clear understanding of the steps required to address them. Our focus remains on delivering consistent quality and innovation to our consumers, while adapting to the rapidly evolving market landscape. We are undertaking necessary adjustments, from refining our product offerings to strengthening our operational efficiency, with a long-term perspective guiding these actions. While the impact of these actions will take time, I am confident in our ability to recover and return to growth. We are committed to emerging stronger, more resilient, and positioned to seize future opportunities.”

Benjie Yap: President Director, Unilever Indonesia
Back to top