In the midst of unfavourable situation, INDF recorded a low single digit growth in 1Q20. This growth was mainly supported by Consumer Branded Product (CBP) and Distribution segment. This was an opposite to Bogasari and Agribusiness segment which recorded contraction, pressured by lower commodity prices. Nevertheless, at this point, we expect better growth shall be recorded as Consumer Confidence Index (CCI) was higher and Rupiah stays stable.
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