Despite Tax Increase, HM Sampoerna Cigarettes Remain Popular

Market

Lite

Adi Ahdiat 28/10/2022 11:50 WIB

URL has been copied

Memuat...

Despite the increase in tobacco excise taxes, HM Sampoerna's cigarette sales volume continued to rise during the January-September 2022 period.

HM Sampoerna Cigarette Sales Volume (Q1-Q3 2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Despite Tax Increase, HM Sampoerna Cigarettes Remain Popular

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

HM Sampoerna Cigarette Sales Volume (Q1-Q3 2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

In early 2022, the Indonesian government raised the excise tax on tobacco products (CHT) by an average of 12%, which subsequently led to an increase in cigarette prices in the market.

The CHT rate increase is primarily aimed at reducing cigarette consumption. However, this strategy appears ineffective, as cigarette sales are indicated to have increased.

This is reflected in the report of HM Sampoerna, one of the largest cigarette companies in Indonesia. Despite the increase in retail prices, their cigarette sales volume continued to increase throughout the first three quarters of 2022, as shown in the graph.

In total, from January to September 2022, HM Sampoerna sold approximately 65.6 billion cigarettes. Net sales reached Rp83.39 trillion, a 15% increase compared to the same period last year.

However, their sales expenses also increased significantly, mainly due to the excise tax increase. HM Sampoerna's excise tax burden on cigarette production from January to September 2022 reached Rp50.34 trillion, a 23.8% increase or an additional Rp9.7 trillion compared to the same period last year.

As a result, during the first nine months of this year, HM Sampoerna recorded a current year profit of Rp4.9 trillion, down from Rp5.5 trillion in January-September 2021.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."