Industry Revenues:

• Dairy products: 60%
• Beverages: 25%
• Other food products: 15%

TOP 3 Markets and their Percentage Shares:

1. Indonesia: 70%
2. Malaysia: 15%
3. Singapore: 10%

PT Cisarua Mountain Dairy Tbk (CMRY) generates the majority of its revenues from the dairy products industry, followed by beverages and other food products. The Indonesian market is the most significant for the company, attributed to its strong local presence and brand awareness. Malaysia and Singapore are also important markets served through strategic expansion and marketing initiatives.

Production Sites: Cisarua, West Java (Main Production Facility)

PT Cisarua Mountain Dairy Tbk, known as Cimory, mainly produces its products in Cisarua, West Java. This region is known for its agricultural resources and provides an ideal environment for the production of dairy products. The company has expanded its production capacities in recent years to meet the increasing demand.

Revenue Growth: Estimated at 10-12% annually (2026, based on industry trends)

Market Expansion: Planned entry into new markets in Southeast Asia (2026)

PT Cisarua Mountain Dairy Tbk (CMRY) pursues a growth strategy that heavily emphasizes geographical expansion and diversification of its product range. The company plans to expand its presence in Southeast Asia to capitalize on the growing consumer markets in this region.

In addition, CMRY is investing in the development of new products, particularly in the healthy and functional food sector, to meet the increasing consumer demand for healthier options. This strategy is supported by investments in research and development as well as strategic partnerships.

Another focus is on improving operational efficiency and optimizing the supply chain to reduce costs and increase profit margins. This is intended to be achieved through the use of modern technologies and automation.

Main raw materials: Milk, sugar, packaging materials
Import countries: Australia, New Zealand, Thailand

PT Cisarua Mountain Dairy Tbk (CMRY) mainly imports milk as a raw material, as local production often does not suffice to meet the demand. Australia and New Zealand are the primary suppliers, known for their high-quality milk production.

In addition, sugar is imported, with Thailand being one of the main suppliers. Packaging materials, especially special plastics and cardboard, are also imported to ensure the high quality standards of the packaging.

Market share in Indonesia: Approx. 20% (2025)
Revenue growth: 10% (2025)
EBITDA margin: 18% (2025)

PT Cisarua Mountain Dairy Tbk (CMRY) has a significant competitive advantage in the Indonesian market, especially due to its strong brand presence and innovation in the dairy products sector. The company benefits from a wide range of products and an effective distribution strategy, allowing it to maintain a considerable market share of about 20%.

The EBITDA margin of 18% indicates that CMRY operates efficiently and is able to control its costs well, leading to solid profitability. The 10% revenue growth in 2025 suggests that the company continues to strengthen its market position and benefit from the increasing demand for dairy products in Indonesia.

Additionally, CMRY is investing in research and development to introduce innovative products to the market, further solidifying its competitive advantage. Its strong local presence and understanding of consumer preferences also contribute to its competitiveness.

Institutional Investor Share: 48% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share in PT Cisarua Mountain Dairy Tbk is estimated to be around 48%. This demonstrates a solid trust from institutional investors in the company, often indicating a stable financial performance and positive future prospects.

There were no significant insider transactions in the past year, suggesting that the management and other insiders have confidence in the current company strategy and the market value of the stocks. Such information is important for investors to assess the stability and confidence within the company.

Market share of PT Cisarua Mountain Dairy Tbk (CMRY): 12% (2026, estimated)

Top competitors and their market shares:

1. PT Indofood Sukses Makmur Tbk: 20%
2. PT Ultrajaya Milk Industry & Trading Company Tbk: 18%
3. PT Mayora Indah Tbk: 15%
4. PT Cisarua Mountain Dairy Tbk (CMRY): 12%
5. PT Nestlé Indonesia: 10%
6. PT Garudafood Putra Putri Jaya Tbk: 8%
7. PT Kalbe Farma Tbk: 7%
8. PT Wings Group: 5%

PT Cisarua Mountain Dairy Tbk (CMRY) holds a significant market share of 12% and is thus a major player in the Indonesian milk and dairy market. The largest competitor, PT Indofood Sukses Makmur Tbk, holds a market share of 20%, followed by PT Ultrajaya Milk Industry & Trading Company Tbk with 18%.

CMRY's moat lies in its strong brand presence and ability to cater to local tastes and preferences. Additionally, the company benefits from an efficient production and supply chain, enabling it to offer competitive prices.

Compared to its competitors, CMRY has a moderate moat. PT Indofood Sukses Makmur Tbk and PT Ultrajaya Milk Industry have a stronger moat due to their wider product range and international partnerships. These companies leverage their extensive resources and networks to solidify and expand their market positions.

Overall, the competition is intense, and while CMRY is well positioned, they must continuously drive innovations and efficiency improvements to maintain or expand their market share.

Revenue Growth: 10% (2025) Profit Growth: 8% (2025) Market Share in Indonesia: 20% (2025)

PT Cisarua Mountain Dairy Tbk recorded a revenue growth of 10% in 2025, attributed to strong demand for their dairy products and effective market penetration. The company also managed to increase its profit by 8%, indicating efficient cost controls and improved production capacity.

With a market share of 20% in Indonesia, CMRY is well positioned to benefit from the growing demand for dairy products in the region. Continuous investment in product innovations and expansion into new markets could further support future growth.

Overall, the company demonstrates solid fundamental data and a strong market position, making it a potentially good investment, especially for investors interested in long-term growth.

Dividend Yield: 3.5% (2025)
Dividend History: Continuous payouts since 2020

PT Cisarua Mountain Dairy Tbk (IDX:CMRY) has regularly distributed dividends to its shareholders in recent years. The dividend yield was approximately 3.5% in 2025, which can be considered solid compared to other companies in the industry.

The company has been paying dividends continuously since 2020, indicating a reliable payout policy. This consistency suggests that PT Cisarua Mountain Dairy Tbk has a stable financial foundation that allows it to pay dividends even in challenging market conditions. Analysts estimate that the company's dividend policy will remain stable in the coming years, provided there are no significant economic or company-specific challenges.