Furlenco FY26 profit jumps nearly 20X to ₹59.5 crore as revenue rises 62%

Furniture and appliance rental platform Furlenco reported FY26 operating revenue of ₹370.4 crore, up 61.9% year on year, while net profit climbed from ₹3.1 crore to ₹59.5 crore. Rental income contributed 92% of operating revenue as the company continued expansion and product investment.

— Source publishedThu, 3 Sept, 2026, 21:10 IST·First seen Thu, 3 Sept, 2026, 21:24 IST·Source Inc42

What happened

Bengaluru-based furniture and appliance rental platform Furlenco reported FY26 net profit of ₹59.5 crore, nearly 20 times FY25 profit, as operating revenue rose

Key facts

  • FY26 net profit ₹59.5 Cr, versus ₹3.1 Cr in FY25 (nearly 20X)
  • FY26 operating revenue ₹370.4 Cr, up 61.9% YoY from ₹228.7 Cr
  • FY24 operating revenue ₹140 Cr
  • Total income ₹375.4 Cr, up 56.4% YoY
  • Furniture and office-equipment rental revenue ₹341.1 Cr, 92% of operating revenue, up 64% YoY
  • Furniture sales revenue ₹29.4 Cr, up 38% YoY
  • EBITDA ₹129.5 Cr versus ₹66.4 Cr; margin 35.01% versus about 29%
  • ₹125 Cr raised during FY26
  • More than $290 Mn total funding to date
  • More than 300 SKUs across 28 cities
  • FY26 total expenditure ₹343.9 Cr, up 45.1% YoY
  • Employee-benefit expense ₹36.2 Cr, up 17.7%
  • Depreciation and amortisation ₹70.3 Cr, up 57.5%
  • Finance costs ₹32.7 Cr, up 75.5%

Why this matters

Furlenco’s accelerating scale and profitable rental-heavy model strengthen its position as a potential strategic partner or acquisition target in furniture, appliances and subscription commerce.

What to watch

  • Whether FY27 revenue growth remains above 40% while net margin stays materially above prior-year levels.
  • Rental utilization rates, customer churn, average subscription tenure, and repeat-rental mix.
  • Inventory additions relative to operating cash flow and any increase in borrowing or working-capital needs.
  • Sales and marketing expense growth versus revenue growth, indicating whether customer acquisition economics are deteriorating.
  • Expansion into new cities, warehouse openings, corporate partnerships, or appliance-category mix changes.
  • Promotional activity and pricing moves by furniture rental peers, large furniture retailers, and e-commerce marketplaces.
  • Accelerate inventory deployment in high-density urban clusters and adjacent appliance categories.
  • Use improved profitability to negotiate lower-cost debt, vendor credit, and bulk furniture procurement terms.
  • Prioritize repeat-customer, relocation, and corporate rental programs to protect recurring revenue quality.
  • Increase refurbishment, reverse-logistics, and asset-utilization investments to preserve margins while scaling.
  • Prepare for competitor discounting through differentiated bundles, service reliability, and flexible tenure options.

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