Topps Tiles Plc recorded total Group revenue of £142.7 million for the 26-week period ended March 28, a 0.1% year-on-year decrease. When the CTD business is excluded, group revenue increased by 2.1% compared with the prior year, although momentum moderated to 0.6% in the second quarter after a stronger first quarter performance.
The UK tile retailer reported a first-half like-for-like revenue increase of 0.1%, and said it outperformed the wider Home Improvements and DIY market, which declined by about 2.5% over the same period according to data from the Barclays UK Consumer Spend Report.
CTD remains on track to return to profit in the financial year, the company said, with CTD stores delivering like-for-like growth of 1.0% in the first half as housebuilder volumes rebuilt from the end of financial year 2025. Management highlighted that this rebuilding of housebuilder activity contributed to CTD's improved trading.
Topps Tiles is implementing a range of cost-saving measures to counter government- and macro-driven cost inflation. These measures include the planned closure of 23 underperforming stores across the financial year. The company expects that the store closures will reduce overall Topps Tiles revenue, but that sales transference combined with lower cost will improve profitability. It added that the majority of the expected savings are anticipated to be realised in the second half of the year.
Online sales, including CTD, now account for 21.0% of revenue, an increase of 2.0 percentage points compared with full year 2025 and 3.3 percentage points compared with the first half of the prior year. Pro Tiler reported revenue growth of more than 21% year-on-year. The Fired Earth business, acquired by the Group, has traded well since acquisition and delivered a positive profit in the first half.
Overall, Topps Tiles described a first half marked by largely stable group revenue, stronger digital penetration, targeted margin actions and early signs of CTD recovery, while noting that cost savings are expected to be more pronounced in the latter part of the financial year.