Mr. DIY Reports First Quarter Profit Growth of 25%, Plans to Expand with 210 New Stores

Mr. DIY Holding (Thailand) Public Company Limited (MRDIYT), Thailand's leading home decoration and lifestyle products retailer, announced first quarter 2025 results with revenue growth of 21.4% year-over-year valued at 5,423.8 million baht and net profit increase of 25.1% worth 678.3 million baht.

First quarter 2025 performance was driven by continuous store expansion, with 65 net new stores opened during the quarter, bringing the total nationwide branches to 1,192. This expansion supported transaction volume growth of 22.3% year-over-year to 34.3 million transactions, while gross profit margin improved to 52.0%, reflecting operational discipline and benefits from reduced financial costs.

For the next phase, MRDIYT maintains its target of opening 210 new stores in 2025, with over 90% of locations already secured or under construction. Additionally, the company has completed land acquisition for an automated warehouse project, which will support operational efficiency and future growth.

Andy Chin, Chief Executive Officer of Mr. DIY Holding (Thailand) Public Company Limited, stated that the company continues to adhere strictly to its core strategy despite external pressures such as rising oil prices and cost of living concerns, which remain manageable. Supply remains stable and current inventory levels are expected to mitigate short-term impact from manufacturer price increases. The company remains committed to delivering value to customers through initiatives such as the Price Lock campaign running from May to July 2025 to help consumers better manage daily expenses amid the current environment.

"The company continues to drive growth through systematic store expansion, broader customer reach, and value-for-money offerings while maintaining strong profitability amid consumer spending caution," Chin added.