Last updated on December 25, 2025
KUALA LUMPUR, 11 NOVEMBER 2025 — MR DIY Group (M) Bhd’s latest quarterly results are drawing renewed investor attention, not merely for its steady expansion, but for a visible recovery in margins.
For the three months ended 30 September 2025, the home-improvement retailer recorded a net profit of RM 136.12 million, up 11.9 % year-on-year from RM 121.65 million in the same period last year.
Revenue rose 5.6 % to RM 1.20 billion, supported by consistent store rollouts and improved procurement efficiency. The company attributed the stronger performance to better cost management, a more stable foreign-exchange environment, and product-mix optimisation.
Expansion with Discipline
MR DIY opened 26 new outlets during the quarter, bringing its total network to 1,528 stores nationwide. The group said its expansion strategy remains disciplined, focusing on high-traffic areas and optimising store performance before entering new markets.
Shareholders will receive a third interim dividend of 1.3 sen per share for the quarter, bringing the total payout so far this year to 4.2 sen per share, reflecting the company’s strong cash generation and commitment to shareholder returns.
Analysts Maintain Confidence
Maybank Investment Bank Bhd has maintained its “Buy” rating on MR DIY with a target price of RM 1.85, citing resilient earnings visibility and positive margin trends going into FY 2026.
Analysts noted that MR DIY’s scale advantage and effective sourcing strategy continue to underpin its profitability, while a firmer ringgit supports cost stability for imported goods.
At its current trading range near RM 1.60, MR DIY remains one of the few large-cap consumer counters offering consistent growth and yield visibility.
A Quiet Re-rating Underway
The tone of investor discussion around MR DIY has shifted, from focusing solely on store growth to assessing profit efficiency and margin sustainability.
This “quiet re-rating” is being driven by improved operating leverage and disciplined capital allocation.
As consumers remain value-conscious, MR DIY’s affordable-retail positioning and scale efficiencies place it in a strong position to capture steady demand while expanding profitability.
Risks and Outlook
Potential headwinds include higher wage and utility costs, or renewed currency volatility that could pressure import margins. Still, analysts view MR DIY’s fundamentals as resilient, supported by prudent expansion and ongoing cost optimisation.
The company is expected to announce its full-year FY 2025 results in early 2026, which could provide the next catalyst if the margin improvement trend continues.
Conclusion
MR DIY’s third-quarter performance underscores a strategic shift, growth driven not only by new stores but by smarter, more efficient operations. With Maybank IB reaffirming its bullish view and investors recognising its improving profitability, Malaysia’s largest home-improvement retailer appears to be quietly building momentum toward a meaningful re-rating.
