SELANGOR: MR D.I.Y. Group Bhd, Malaysia’s largest home improvement retailer, delivered strong growth for Q1 ended March 31, 2026 (FY26), reinforcing its leadership in the value retail segment.
The group recorded revenue of RM1.4 billion and profit after tax (PAT) of RM192 million, reflecting continued momentum supported by disciplined network execution, effective cost management, and the continued relevance of its value-driven model.
“This has been a solid start to the year, with growth across all key metrics. Our scale, operational discipline, and clear value proposition continue to drive performance, even in a more uncertain environment,” CEO Adrian Ong said.
He said the group remain focused on delivering what matters most to Malaysians – consistent value, reliable quality, and accessibility.
“As cost-of-living pressures persist amid ongoing geopolitical uncertainties, our role becomes even more important. Despite cost pressures from fluctuating energy and commodity prices, we remain focused on delivering consistent value where it matters most.
“Earlier this month, we launched our nationwide ‘Harga Tetap Sama’ initiative, keeping prices unchanged across a wide range of everyday essentials and giving customers greater certainty as they manage their daily expenses.
“Through this initiative, we continue to stand alongside Malaysians by offering consistency, accessibility and practical value in a changing environment,” he added.
Revenue for the quarter grew 9.3% year-on-year (YoY) to RM1.4 billion, supported by the continued expansion of the group’s store network and sustained customer demand.
As of Q1 FY26, the group’s total store count increased 7.7% to 1,584 stores from 1,471 stores a year earlier, improving accessibility and deepening its presence across key catchment areas nationwide.
The broader footprint contributed to higher customer transactions, reflecting healthy footfall and continued customer engagement across the network.
Performance was further supported by positive like-for-like sales, driven by strong seasonal demand during the Lunar New Year and Hari Raya Aidilfitri festive period.
Gross profit increased 11.0% to RM667.4 million, with gross margin improving by 0.8 percentage points to 48.6%, encouraged by disciplined promotional execution and favourable inventory costs arising from a stronger ringgit.
Profit before tax and PAT grew 10.3% YoY to RM258.3 million and RM192 million, respectively, reflecting continued earnings progression.
Net earnings margin improved to 14.0%, underpinned by ongoing cost discipline and operational efficiencies.
“Our performance reflects deliberate choices made over time – to remain disciplined on costs, consistent in execution, and focused on what matters most to our customers.
“We will continue to invest in price competitiveness, product quality and operational capabilities to sustain this momentum,” Ong said.
Looking ahead, the group will continue its measured expansion strategy, targeting approximately 155 new store openings, supported by disciplined site selection and sustainable store-level returns.
“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 said.
MR D.I.Y. declared an interim dividend of RM151.6 million for Q1 FY26, representing a 14.6% increase YoY, in line with the group’s disciplined capital allocation approach.
