Furlenco FY26 revenue rises 62% to Rs 370 crore; profit jumps 19x
Bengaluru-based furniture-rental firm Furlenco reported FY26 operating revenue of Rs 370.43 crore, versus Rs 228.74 crore a year earlier. Profit rose to Rs 59.52 crore from Rs 3.11 crore, while EBITDA reached Rs 129.5 crore and margin expanded to 35.01%.
What happened
Bengaluru furniture-rental firm Furlenco reported FY26 operating revenue of Rs 370.43 crore, up 62%, while profit surged 19.1x to Rs 59.52 crore. EBITDA nearly
Key facts
- FY26 revenue from operations: Rs 370.43 crore
- FY25 revenue from operations: Rs 228.74 crore
- FY26 profit: Rs 59.52 crore
- FY25 profit: Rs 3.11 crore
- FY26 EBITDA: Rs 129.5 crore
- FY26 EBITDA margin: 35.01%
- Sheela Foam stake: 35%
Why this matters
Furlenco’s accelerating growth and expanded profitability strengthen its position as a potential partnership or consolidation target in India’s rental and circular-home-furnishing market.
What to watch
- Operating cash flow and free-cash-flow conversion relative to the Rs 129.5 crore EBITDA figure.
- Inventory growth, capex requirements, debt or equity fundraising, and changes in working-capital intensity.
- Subscriber growth, average order value, renewal rates, churn and customer-acquisition cost trends.
- Expansion into new cities, fulfillment-center additions and evidence that new-market cohorts reach mature-city margins.
- Competitive pricing or promotions from rental, co-living, marketplace and large furniture retailers.
- Bad debts, asset loss, refurbishment costs and collection performance as the installed base scales.
- Prioritize expansion in high-density metro clusters where delivery, pickup and refurbishment routes can be shared across a larger subscriber base.
- Use the profit improvement to selectively expand owned inventory and refurbishment capacity while preserving discipline on customer-acquisition costs.
- Broaden corporate, co-living, developer and relocation partnerships to acquire tenants at lower cost than direct consumer marketing.
- Push higher-margin bundled offerings such as appliances, maintenance, upgrades and flexible rent-to-own plans to raise customer lifetime value.
- Strengthen credit screening, deposit policy and asset-recovery processes as the rental fleet and geographic footprint grow.