MR DIY Group Berhad has recorded its strongest first-quarter performance to date, posting revenue of RM1.4 bil and profit after tax (PAT) of RM192 mil for the quarter ended March 31, 2026.
The home improvement retailer said the strong results were supported by continued store expansion, disciplined cost management, and sustained consumer demand for value-driven products amid ongoing cost-of-living pressures.
Revenue rose 9.3% year-on-year, while PAT increased 10.3% from the corresponding quarter last year. Profit before tax climbed to RM258.3 mil.
MR DIY CEO Adrian Ong said the company’s scale, operational discipline, and focus on affordability continued to support growth despite a challenging economic environment.
“This has been a solid start to the year, with growth across all key metrics,” he said in a statement.
“We remain focused on delivering consistent value, reliable quality, and accessibility to Malaysians, especially as cost-of-living pressures and geopolitical uncertainties continue.”
Ong said the group recently launched its nationwide “Harga Tetap Sama” initiative to maintain prices for selected essential goods, giving consumers greater certainty in managing daily expenses.
As of the first quarter, MR DIY’s total store count rose 7.7% to 1,584 outlets nationwide, up from 1,471 stores a year earlier.
The retailer said the expanded network contributed to stronger customer traffic and higher transaction volumes, alongside positive same-store sales growth driven by Lunar New Year and Hari Raya Aidilfitri spending.
Gross profit increased 11% to RM667.4 mil, while gross margin improved to 48.6%, supported by disciplined promotional activities and favourable inventory costs due to the stronger ringgit.
Net earnings margin also improved to 14% on the back of operational efficiencies and continued cost discipline.
Looking ahead, the group plans to open approximately 155 new stores this year, including further expansion into underpenetrated markets such as East Malaysia.
Ong said the company would continue investing in price competitiveness, product quality, and operational capabilities to sustain long-term growth.
“With a strong foundation, expansion into underpenetrated markets such as East Malaysia, and our continued focus on value-led offerings, we are well-positioned to grow responsibly and sustainably,” he added. ‒ May 21, 2026
