Post-IPO, Mr. DIY Indonesia reports soaring sales for 2024

The Indonesian unit of Malaysian home goods retail chain Mr. DIY made 2024 a year to remember not only because it debuted on the Indonesian bourse at the end of the year, but also because it reported soaring sales for its first public disclosure of its financial performance in the country.

PT Daya Intiguna Yasa, Tbk, the listed entity that operates Mr. DIY stores in Southeast Asia’s biggest economy, disclosed revenues of 6.8 trillion Indonesian rupiah (EUR 360 mio.) for the year, up 74 per cent from 2023. “This success reflects an expansion strategy that is not only growth-driven but also focused on long-term sustainability. By maintaining operational excellence and prioritizing customer experience, Mr. DIY Indonesia is well-positioned to further strengthen its leadership in Indonesia’s home improvement retail industry,” Edwin Cheah, President Director of Mr. DIY. Indonesia, said.

Mr. DIY…