Pengaruh Biaya Produksi, Biaya Operasional, dan Pertumbuhan Penjualan terhadap Profitabilitas pada Perusahaan Manufaktur Subsektor Makanan dan Minuman yang Terdaftar di BEI Tahun 2021-2025

Berlian Fema Azhari (Universitas Dian Nuswantoro, Semarang, Indonesia)
Dwiarso Utomo (Universitas Dian Nuswantoro, Semarang, Indonesia)

Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Vol. 8 No. 9 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

Food and beverage manufacturing companies play a significant role in the Indonesian economy. The objective of this study was to obtain empirical evidence regarding the influence of production costs, operating costs, and sales growth on profitability using the Net Profit Margin (NPM) ratio in food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2025 period. This research approach was quantitative, utilizing secondary data from annual financial reports. A purposive sampling technique was applied to select the sample. Data analysis used multiple linear regression analysis using SPSS version 25. The test results revealed a negative and significant effect of production costs on profitability, operating costs had a positive and significant effect on profitability, while there was no significant effect between sales growth and profitability. The coefficient of determination value of 0.032 indicates that the three independent variables can only explain 3.2% of the variation in profitability.