Furlenco’s FY26 revenue rises 62% to ₹370 crore; profit jumps to ₹59.5 crore
Bengaluru-based furniture-rental company Furlenco reported FY26 operating revenue of ₹370.43 crore, up from ₹228.74 crore a year earlier. Net profit rose from ₹3.11 crore to ₹59.52 crore, while EBITDA reached ₹129.5 crore at a 35.01% margin. Furniture rentals contributed ₹341.07 crore, or about 92% of revenue.
What happened
Bengaluru furniture-rental company Furlenco reported FY26 operating revenue of Rs 370.43 crore and profit of Rs 59.52 crore, up 19.1x year-on-year. Furniture
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%
- Furniture rental revenue FY26: Rs 341.07 crore
- FY26 total expenses: Rs 343.85 crore
- Cash and bank balances FY26: Rs 75 crore
- Sheela Foam stake in Furlenco: 35%
Why this matters
Furlenco’s scale and sharply improved profitability make it a more credible partner or acquisition target in India’s rental, circular-commerce and urban-living ecosystem.
What to watch
- Quarterly rental-revenue growth relative to the FY26 62% pace.
- EBITDA margin durability around the reported 35.01% level, including any adjustment for one-off income or accounting changes.
- Active subscribers, utilization rates, average revenue per customer, renewal rates, and customer-acquisition cost.
- Inventory additions versus operating cash flow, indicating whether growth remains capital-efficient.
- Expansion into new cities, warehouse footprint growth, and associated logistics/refurbishment costs.
- Competitive pricing and promotions from rental platforms, furniture retailers, marketplaces, and managed-living operators.
- Rental receivables, defaults, asset damage/write-offs, and depreciation trends.
- Any capital raise, debt increase, IPO preparation, or strategic partnership announcement.
- Use elevated cash generation to add inventory in high-density urban micro-markets rather than broad low-utilization expansion.
- Prioritize repeat-rental, subscription renewal, and corporate/managed-accommodation contracts to raise utilization and reduce churn.
- Expand adjacent higher-margin services such as furniture sale, protection plans, installation, refurbishment, and relocation bundles.
- Strengthen credit underwriting, deposits, collections, reverse logistics, and refurbishment systems to protect rental-unit economics at larger scale.
- Potentially pursue growth financing, strategic partnerships, or selective acquisitions from a stronger profitability position.