{
    "success": true,
    "data": {
        "id": 2066357,
        "msgid": "alfamart-vs-indomaret-which-is-more-profitable-1793605868",
        "date": "2026-11-02 14:25:12",
        "title": "Alfamart vs Indomaret: Which Is More Profitable?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "Alfamart operator Sumber Alfaria Trijaya reported parent-attributable profit of Rp2.40 trillion in the third quarter of 2026, up 3.8% year on year, while Indomaret parent Indoritel Makmur International posted Rp652.86 billion, down 22.15%. Alfamart\u2019s revenue and gross profit grew, whereas Indoritel faced rising expenses and a fall in profits from associates, contributing to a sharp decline in operating profit.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The competition between Indonesia\u2019s two\nmodern retail giants, Alfamart and Indomaret, is once again drawing\nattention following their third-quarter 2026 financial reports. Although\nthe two businesses are similar, their financial statements show which\ncompany has been more profitable.<\/p>\n<p>According to disclosures on the Indonesia Stock Exchange (IDX), PT\nSumber Alfaria Trijaya Tbk (AMRT), the operator of Alfamart, was well\nahead in profit attributable to owners of the parent. AMRT posted a\nprofit of Rp2.40 trillion, up 3.80% year on year (YoY) from Rp2.31\ntrillion.<\/p>\n<p>Meanwhile, PT Indoritel Makmur Internasional Tbk (DNET), the parent\ncompany of Indomaret, recorded a profit of Rp652.86 billion, down 22.15%\nYoY from Rp838.66 billion. In nominal terms, AMRT\u2019s profit was around\n3.7 times DNET\u2019s.<\/p>\n<p>On revenue, AMRT recorded net revenue of Rp101.29 trillion, up 7.21%\nfrom Rp94.48 trillion. Cost of revenue also rose 6.62% to Rp79.09\ntrillion, but more slowly than revenue, lifting gross profit by 9.35% to\nRp22.20 trillion from Rp20.30 trillion. AMRT\u2019s operating profit rose\n7.89% to Rp3.19 trillion, while consolidated profit for the year\nincreased 5.70% to Rp2.56 trillion from Rp2.42 trillion.<\/p>\n<p>DNET\u2019s revenue from contracts with customers rose 9.28% to Rp1.34\ntrillion from Rp1.22 trillion. However, selling expenses jumped 25.77%\nto Rp1.06 trillion from Rp841.84 billion, while general and\nadministrative expenses increased 14.62% to Rp155.02 billion from\nRp135.25 billion.<\/p>\n<p>In addition, its share of profits from associates and joint ventures\nfell 12.48% to Rp617.04 billion from Rp705.06 billion. As a result,\nDNET\u2019s operating profit plunged 28.20% to Rp711.32 billion from Rp990.65\nbillion, and profit for the period declined 26.67% to Rp629.83 billion\nfrom Rp858.98 billion.<\/p>\n<p>AMRT also faced pressure, particularly from selling and distribution\nexpenses, which rose 9.53%; other expenses, which surged 51.26%; and\nfinance costs, which increased 35.82%. AMRT also recorded a loss of\nRp18.23 billion from associates, reversing a profit of Rp2.92 billion.\nNevertheless, finance income and other income rose 29.10% and 7.38%,\nrespectively, allowing pre-tax profit to grow 7.13% to Rp3.20\ntrillion.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/alfamart-vs-indomaret-which-is-more-profitable-1793605868",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}