- CEO
- Adrian Suherman
- Full Time Employees
- 7,046
- Sector
- Retail trade
- Industry
- Department stores
- Address
- Hypermart Cyberpark Karawaci Tangerang BT Indonesia 15138
- IPO Date
- Dec 21, 1992
- Business
- PT Matahari Putra Prima Tbk (MPPA.JK) operates as a leading multi-format retailer in Indonesia, primarily engaged in the sale of fast-moving consumer goods through hypermarkets, supermarkets, convenience stores, and health and beauty outlets; core offerings encompass food, beverages, tobacco, fresh produce, bakery items, ready-to-eat products, non-food categories including clothing, home furnishings, toys, cosmetics, pharmaceuticals, and health products via brands such as Hypermart, Foodmart (including premium Foodmart Primo and Foodmart Fresh), Hyfresh, FMX convenience stores, Boston Health & Beauty, and SmartClubs wholesale clubs. The company, founded in 1986 and headquartered in Tangerang, Banten, conducts its activities through Retail and Wholesale segments across approximately 200 stores in major cities including Jakarta; it targets everyday consumers with daily necessities, groceries, personal care, and household items while maintaining a strategic affiliation with PT Multipolar Tbk as its parent entity and a historical alliance supporting Indonesia's Matahari Department Store chain. In recent developments, MPPA achieved a solid 2024 fiscal performance with net sales rising 2.9% year-over-year to Rp7.12 trillion, operational profit rebounding to Rp34 billion from a prior loss, and same-store sales growth of 4.2% driven by store enhancements, customer experience improvements, cost savings of Rp121 billion, and marketing efficiencies; the company injected Rp7.5 billion in capital into subsidiaries in October 2024, continues expansion via e-commerce platforms like Hypermart Online, digital transformation, supply chain optimization, and customer-focused innovations, and recorded nine-month 2025 sales of Rp5.47 trillion as of September 30, signaling sustained growth momentum into 2025.