MRDIYT: store expansion drives profit growth, analysts raise targets
Q2 profit jumps 19.4%, dividend declared MRDIYT reported Q2 2026 net profit up 19.4% to 757 million baht, revenue up 18%, and gross margin at 52%. It opened 59 new stores, bringing total to 1,248, and declared an interim dividend of 0.065 baht per share. This confirms strong execution and supports the stock price.
This is the actual earnings result that validates the growth story and directly boosts investor confidence.
Analysts raise target prices on strong Q3 outlook KGI expects Q3 profit of 660 million baht (+9% YoY) and raised its target to 11 baht, while FSS upgraded to Buy with a 10.40 baht target, expecting Q4 profit to accelerate 20% on price increases. These upgrades reflect confidence in continued growth.
Analyst upgrades and higher targets directly influence investor sentiment and can push the stock price up.
Store expansion on track, 210 new stores targeted MRDIYT targets 210 new stores in 2026, with 60% already opened in H1. KGI notes 171 stores opened year-to-date and expects 50 more in Q3, driving sales up 19% YoY. This aggressive expansion fuels profit growth.
Store openings are the main growth engine and directly drive revenue and profit, supporting the stock price.
Flood impact: short-term pressure, recovery upside Flooding in central and northeastern Thailand may hurt near-term sales for MRDIYT, but post-flood renovation demand could boost Q4. Analysts see limited earnings impact and potential recovery-phase gains.
This is a new risk factor that could pressure the stock short-term but offers upside later, so it's a balanced view.