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PT Cisarua Mountain Dairy Tbk

Indonesia · IDX: CMRY.JK · Market cap: $1.84B · P/E: 15.6 · P/S: 2.6

It makes and sells dairy products like milk and yogurt, plus packaged foods like sausages and nuggets, under the Cimory and Kanzler brands.

Cisarua Mountain Dairy is an Indonesian food and drink company. It is best known for making dairy products under the Cimory brand — milk, yogurt, and cheese — and packaged meat products like sausages and nuggets under the Kanzler brand. It sells mainly in Indonesia but also exports to international markets.

PT Cisarua Mountain Dairy Tbk (CMRY.JK) Cimory yogurt and dairy drinks: line art illustration of A Cimory-branded yogurt drink bottle with its distinctive label and cap
Cimory dairy drinks
Cimory turns milk into yogurt and dairy drinks sold across Indonesia.

The business started as a dairy play. Cimory milk was the company's breakout product, and it built a reputation for fresh, affordable dairy aimed at Indonesian families. The company invests heavily in its own dairy farms and processing plants, which helps it control quality and supply — a real advantage in a country where reliable cold-chain dairy production is not easy to pull off. The Kanzler brand pushes the company into a different aisle of the supermarket: packaged processed meats. That segment gives it a second engine beyond dairy, and both brands lean on the same strength — getting everyday food products onto shelves across Indonesia's vast network of supermarkets, minimarkets, and traditional retail.


What makes the business strong is its brand loyalty and its grip on distribution in a huge, growing market. What makes it vulnerable is that dairy and processed foods are crowded, price-sensitive categories, and costs like raw milk, packaging, and fuel can squeeze profits. The company is a consumer staple story: people buy milk and sausages whether the economy is booming or not, and the company earns its money by selling high volumes at modest margins across a very large country.

Saved answer · last researched 12 Nov 2026