Index Living Mall Public Company Limited retails and wholesales furniture, electronics, and home decorative products in Thailand. It operates through four segments: Retail of Furniture, Manufacturing of Furniture, Rental Area and Service, and Others. The company also manufactures, imports, exports, and distributes furniture and home appliances, engages in rental and warehouse rental activities, and operates a franchise business. Founded in 1973, it is based in Bangkok, Thailand.
ILM Launches OTARU Japandi Furniture, Targets 40 Million Baht in Sales
Index Living Mall (ILM) has launched its second Japandi-style furniture collection this year, named OTARU, targeting sales of 40 million baht over four months in 2026. Inspired by the city of Otaru in Japan, the collection emphasizes natural woodwork and warmth, covering over 30 functional items, including its first semi-outdoor furniture group. The previous success of the AOMORI series, which generated around 65 million baht in sales over five months in 2025, underscores this strategy as a long-term investment. ILM has been building the Japandi trend foundation from 2023 to 2026 and sees room for growth in the Japanese-style furniture market, particularly in the luxury and space-saving design segments.
ILM Q2 2026 profit grows 21.1%, pays dividend of 0.25 baht
Index Living Mall Public Company Limited, or ILM, reported second-quarter 2026 net profit of 212.7 million baht, up 21.1% from the same period last year, with total revenue of 2.61 billion baht, up 12.5%. As a result, first-half total revenue reached 5.08 billion baht, up 5.0%, and first-half profit was 398.1 million baht, up 1.8%. The board approved an interim dividend of 0.25 baht per share, with the XD date on 26 August and payment on 10 September 2026. Managing Director Miss Krischanok Pattamasattayasonthi said the second half still faces challenges from intense competition, limited recovery in consumer spending and the property sector, and higher costs, but the company is preparing to expand new branches and adopt AI to support long-term growth.
ILM second-quarter profit rises 21.1%, pays interim dividend of 0.25 baht
Index Living Mall Public Company Limited, or ILM, reported second-quarter net profit for 2026 of 212.7 million baht, up 21.1% from the same period last year, with total revenue of 2.61 billion baht, up 12.5%. This brought first-half profit to 398.1 million baht, up 1.8%, and total revenue to 5.08 billion baht, up 5.0%. Managing Director Kritsanok Pattamasattayasonti said the growth came from new store openings, store relocations, the full reopening of the Hat Yai branch, and higher project sales. For the second half, the company is building an Index Living Mall branch in Hua Hin and preparing to add automated machinery at its factory, while using AI to analyze customer data and plan new product development. The board of directors on 11 August 2026 approved an interim dividend for the period from 1 January to 30 June 2026 at 0.25 baht per share, with the stock trading ex-dividend on 26 August and payment on 10 September.
ILM expects Q2 profit to grow 10%, set to pay dividend of 0.25 baht per share
Kasikorn Securities forecasts that Index Living Mall Public Company Limited, or ILM, will report a net profit of 193 million baht for the second quarter of 2026, up 10% from the same period last year and 4% from the previous quarter. The growth is driven by the retail business, online channels, and the rental business, leading to improved sales and gross profit margins, while expenses remain manageable. Additionally, ILM is likely to announce an interim dividend payment for the first half of 2026 of 0.25 baht per share, representing an annual dividend yield of 8.3%. The brokerage maintains a buy recommendation with a target price of 15.94 baht.
Index Living Mall expands pet furniture portfolio to tap Pet Humanization trend
Index Living Mall is aggressively expanding its Pet-Friendly Living product category to ride the Pet Humanization wave, as Thailand's pet market is projected to reach 100 billion baht in 2026, up 13.2% from 92 billion baht in 2025. Younger generations are willing to spend as much as 41,100 baht per pet per year. The company has laid out three main strategies: developing innovative furniture that withstands over 50,000 cycles of pet claw scratching, offering custom-made furniture design services, and expanding the PET ACCESSORY zone to around 30 square meters per branch in new and renovated stores such as Chiang Rai, Ubon Ratchathani, and Hat Yai. It is also launching the "Snap and Swap a Home for Your Four-Legged Loved One" campaign to bridge in-store and online experiences.
ILM: Hold for Dividends, Await Purchasing Power Recovery
Krungsri Securities Public Company Limited has issued a NEUTRAL recommendation for Index Living Mall Public Company Limited, or ILM, with a 2027 target price of 14.20 baht per share. The view is that the stock is suitable for holding to collect dividends rather than expecting share price appreciation, as earnings growth remains limited due to weak consumer purchasing power. The research team forecasts normalised profit for 2026 at 776 million baht, up 3 percent from the previous year, and for 2027 at 794 million baht, a further 2 percent growth. Revenue in 2026 is expected to rise only 2 percent, while same-store sales are flat and gross margin remains strong at around 47.4 percent. However, the expansion of small-format stores, particularly the Flying Tiger brand, which targets an increase from 6 branches at the end of 2025 to 18 branches in 2026, will add to expenses and limit near-term profit growth, even though Flying Tiger products carry high margins and help improve the product mix over the long term. For the second quarter of 2026, normalised profit is estimated at approximately 190 million baht, up 8 percent year-on-year and 2 percent quarter-on-quarter, supported by same-store sales growth of 3 percent after the Hat Yai branch resumed full operations and the Ubon Ratchathani branch gained additional selling space. However, the recovery remains weaker than other home improvement peers. ILM's key attraction is its dividend yield, trading at 2026 and 2027 price-to-earnings ratios of just 8.3 times and 8.1 times, below historical levels, with an expected annual dividend of 1.00 baht per share, implying a dividend yield of approximately 7.8 to 8.0 percent.
Thailand