Revenue increased 63% to RM870.2 million from RM534.09 million registered in the same quarter a year ago.

The company attributed the performance to the higher average monthly sales per store due to the strong performance of its standalone stores, and lower sales during the comparative period last year when a lockdown was imposed from March 18.

“The improved performance was also a result of positive contribution from new stores, where its store network increased by 25.5% to 788 stores in 1Q21 from 628 stores in 1Q20,” MR DIY said in a filing with Bursa Malaysia today.

Chief executive officer Adrian Ong said the home improvement retail sector has weathered the Covid-19 pandemic well and the results were its strongest quarterly performance to date.

“Our store network continues to grow, making our stores more and more accessible to consumers restricted by pandemic-related movement orders.

“Our breadth of products has expanded to about 18,000 stock-keeping units (SKUs) today,” he said in a separate statement.

Ong also said the company plans to invest in growing its e-commerce platform and in managing efficiencies.

“These have been the cornerstones of our growth strategy which continue to deliver sound results,” he said.

MR DIY’s total transactions for the quarter rose 21.7% to 29.9 million from 24.6 million.

The group’s store network grew by a net 54 stores across its three brands, comprising 30 new MR DIY stores, 22 new MR DOLLAR stores and two new MR TOY stores.