Index Living Mall Public Company Limited (ILM) announced its Q1/2024 results, achieving a record quarterly net profit of 208.6 million baht, a growth of 19.7% YOY. Total revenue reached 2,449.3 million baht, growing by 11.9% YOY. The company saw strong sales in home decor products during the New Year season through both retail stores and online platforms. Additionally, revenue from rental and services grew by 11.7%, as the company expands new branches to create a seamless shopping experience, driving double-digit revenue growth as targeted.

Ms. Kritchanok Patmasathieng, Managing Director of Index Living Mall Public Company Limited (ILM), a leader in the retail furniture and home decor industry, revealed that the company achieved significant success in Q1/2024 (January-March 2024) with a record quarterly net profit of 208.6 million baht, growing 19.7% YOY, and total operational revenue of 2,449.3 million baht, up 11.9% YOY. This growth was driven by sales revenue of 2,264.9 million baht, which increased by 12.0% YOY, as customers continued to seek home decor items for the New Year. The Easy E-Receipt initiative also boosted customer purchasing power, resulting in strong sales through the company’s retail channels, particularly in tourist areas that have been revamped, such as Phuket and Pattaya.

Meanwhile, ILM's online channels experienced a growth rate of 37.0% YOY, successfully generating sales across all platforms, especially through social media like TikTok, which effectively reached a younger target audience. Additionally, revenue from project work grew by 101.5% YOY due to successful project deliveries. Revenue from rental and services also increased by 11.7% following the launch of 'LITTLE WALK' in Bangkok's Kritha, which opened in Q4/2023, achieving full occupancy with a significant increase in the occupancy rate of other projects compared to the same period last year.

Looking ahead for the remainder of the year, the company has set a strategy called “INDEX NEXTPERIENCE & BEYOND + SUSTAINABLE FUTURE” to drive double-digit growth as planned. The company aims to open 1-2 new branches per year, with plans to invest in three new branches this year, including expansions of Little Walk and Index Living Mall in Rattanathibet, along with the opening of “DecorScape,” a new shopping destination in the heart of Thonglor, and an Eco Store format in Saraburi. ILM is committed to creating an exceptional experience through modern technology and digital experiences, connecting shopping lifestyles. With a strong strategic approach, ILM aims to solidify its position as a leader in the Living Lifestyle Mall sector.