KUALA LUMPUR, November 15 – Mr DIY Group (M) Bhd has closed 19 underperforming outlets in the first nine months of 2025 as part of a strategic move to enhance operational efficiency and focus on profitability, prompting a revision of its full-year store opening target to 185 from 190, resulting in a net increase of 166 stores and a projected total of 1,605 outlets by end-FY25.
Analysts say the closures are expected to have minimal impact on revenue while improving overall store productivity, reflecting a shift from aggressive growth to more disciplined expansion. Looking ahead, the retailer plans up to 155 new outlets in FY26, with an emphasis on larger-format “Mr DIY Plus” stores that consolidate multiple brands under one roof to boost customer appeal and sales per store.
The group also continues its social initiative, Sumbangan Asas Rahmah, now in 125 outlets, with plans to reach 300 by early FY26. Financially, Q3 core net profit rose 10.7% year-on-year, supported by higher-margin own-brand sales and improved procurement efficiency, while CIMB Securities maintains a “buy” rating with an unchanged target price of RM2.10.
