Annual Report Full [2021] | Djarum Group

The Djarum Group is a privately held Indonesian conglomerate, meaning it does not publish a single "full" public annual report. Instead, stakeholders must analyze its performance through the reports of its publicly listed subsidiaries and estimates for its core tobacco business. Group Ownership & Structure

Key Metric: The Clove Tax Indicator

In the notes of the manufacturing section, look for "Cukai Hasil Tembakau" (Tobacco Excise). Djarum controls roughly 45% of the SKM (Machine-Made Clove Cigarette) market. A 10% rise in excise reported here signals a warning for Q3 consumer spending. djarum group annual report full

: In late 2024, the group reportedly acquired an 85% stake in the parent company of the restaurant chain for an estimated Rp 2–2.4 trillion. Delisting News The Djarum Group is a privately held Indonesian

Conclusion

2. Digital & Retail Pillar: PT Global Digital Niaga Tbk (BELI/Blibli) Djarum controls roughly 45% of the SKM (Machine-Made

Strategy and Outlook