Gudang Garam (GGRM) and Sampoerna (HMSP) Capitalize on Profit as Excise Rates Stagnate
Gudang Garam and Sampoerna are set to boost profits in 2026 due to unchanged cigarette excise rates, allowing for strategic price increases and margin expansion.
(Bisnis.Com) 01/01/70 07:00 125318
Bisnis.com, JAKARTA — The absence of any cigarette excise hike in 2026 has created a headroom for margin expansion and improved profitability among cigarette producers, particularly PT HM Sampoerna Tbk. (HMSP) and PT Gudang Garam Tbk. (GGRM).
The opportunity becomes increasingly pronounced should producers adopt pricing strategies or implement product price hikes, even at the cost of keeping sales volumes under sustained pressure.
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