Brokers expect HMPRO Q2 2026 profit to reach 1.5 billion baht, rising both YoY and QoQ

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Several securities firms forecast that Home Product Center Public Company Limited, or HMPRO, will report a second-quarter 2026 net profit of approximately 1.5 billion baht, up from the same period last year and from the previous quarter. The results are scheduled for announcement on 27 July 2026. Asia Plus expects a profit of 1.54 billion baht, up 10 percent from both periods, supported by a 4 percent quarter-on-quarter increase in sales and service revenue from cooling appliance sales during the summer, and a 0.9 percentage point rise in gross margin to 28.4 percent, driven by price adjustments on certain items and the push of higher-margin house-brand products. Year-on-year growth came from a 2 percent revenue increase following the opening of 13 new branches, bringing the total to 149 branches at quarter-end, although same-store sales edged down about 1.0 percent amid weak domestic purchasing power. Finansia Syrus estimates a profit of 1,544 million baht, up 10.4 percent year-on-year and 10 percent quarter-on-quarter, with sales growing 2.5 percent from a year earlier thanks to new HomePro and hybrid store branches. Phay has upgraded its recommendation to buy with a target price of 7.50 baht, forecasting a profit of 1.57 billion baht, up 12 percent from both periods, supported by expanding gross margins and cooling product sales. KGI expects a profit of 1.4 billion baht, flat from both the prior year and the previous quarter, reflecting slightly better sales and only a marginal gross margin improvement amid weak spending. Most brokers recommend buying, with target prices ranging from 6.60 to 7.70 baht, and forecast a first-half dividend of 0.16 baht per share, implying an annualised yield of 2.4 to 6.3 percent, along with support from the ongoing share buyback programme.

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