Tapi Carpets saw its second consecutive year of profits in its latest annual results, following its Carpetright acquisition in 2024.

The flooring specialist’s operating profit jumped from £8.1m in 2023 to £15.9m for the year ended 28 December, Retail Week reported. Sales swelled to £227m, rising 33% over the period.

The company attributed its results to organic growth, supported by a combination of new shop openings as well as “investment into all aspects of the customer experience”.

Tapi reported like-for-like revenue growth for the first half of 2025, despite facing pressures on big-ticket consumer spending. 

The chain launched concessions across 19 John Lewis department stores as part of a new partnership agreement, counteracting its axing of 14 Homebase concessions.

Additionally, the group opened three new shops in 2024, across Clacton, Dalston and Old Kent Road, and carried out one site relocation.

Tapi Carpets CEO Jeevan Karir said: “We achieved strong organic growth during 2024 in a challenging market. 

“Continued investment into new stores, ongoing improvements to our flooring ranges, combined with a deep focus on our end-to-end customer experience and great value, is enabling Tapi to outperform the wider market.”

He continued: “Looking ahead, I’m proud of what the team has achieved so far in 2025, with 42 Carpetright to Tapi conversions now completed along with 19 concessions with our new partner, John Lewis, giving us nationwide coverage across mainland UK. 

“I’m confident we’ll deliver another year of significant profitable growth despite £2.3m of higher annual employment costs resulting from the Budget.”

It comes after Tapi snapped up the brand, IP and 54 stores from Carpetright last year, as the business noted that the integration had “gone to plan”. 

The carpet retailer paid £3.7m for Carpetright stock and store leases following the chain’s collapse.

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