Mr. DIY Malaysia posts minimal sales increase in Q2

Malaysian home goods retailing giant Mr. DIY posted a minimal rise in revenues for the second quarter on the back of a challenging economy that has been adversely affected by the onset of new taxes, market volatility stemming from geopolitical tensions, wage hikes, and new pension rules.  

The company reported revenues of 1.21 bn Malaysian ringgit (MYR, EUR 245.72 mio) during the April to June 2025 period, up 1.5 per cent from last year. Support came from the opening of 31 new stores during the period, as well as a five per cent rise in transactions to 48.5 million checkouts. However, average basket size slipped 3.3 per cent, the company added.  

Compared to the first quarter, which was buoyed by festive spending, the second quarter take was 3.4 per cent lower. This brings the six-month take of Mr. DIY to MYR 2.47 bn, up 5.6 per cent mostly due to the company’s first quarter performance…