Furniture and home décor rental company Furlenco delivered a strong financial performance in FY26, with revenue nearing ₹400 crore and profit surging more than 19X as the company strengthened both scale and operating efficiency.
The Bengaluru-based company reported revenue from operations of ₹370.43 crore in FY26, up 61.9% from ₹228.74 crore in FY25. Including ₹4.99 crore in other income, Furlenco’s total income reached ₹375.42 crore during the financial year ended March 2026.
The growth marks a significant expansion in Furlenco’s business over the past two years. Since Sheela Foam acquired a 35% stake in the company, its operating revenue has grown 2.6X, rising from ₹140 crore in FY24 to more than ₹370 crore in FY26.
Furniture rental remained the company’s primary revenue driver, contributing 92% of operating revenue. Income from furniture rental services rose 64% to ₹341.07 crore in FY26. Product sales also increased 38% to ₹29.36 crore, highlighting the company’s broader presence across furniture and home solutions.
Furlenco provides furniture and home décor on rent alongside relocation services, operating in India’s growing furniture rental and flexible living market.
Despite rising operating costs, the company significantly improved profitability. Total expenses increased 45.1% to ₹343.85 crore in FY26 from ₹236.94 crore in FY25, but revenue growth outpaced the increase in costs.
Depreciation and finance costs rose 57.5% and 75.6%, respectively, while employee expenses increased 17.1% to ₹36.18 crore. Material costs nearly tripled to ₹27.01 crore, and other expenses rose 34.4% to ₹181.04 crore.
The stronger revenue growth and improving operational leverage resulted in a sharp increase in profitability. Furlenco’s net profit jumped 19.1X to ₹59.52 crore in FY26, compared with ₹3.11 crore in FY25.
Its EBITDA nearly doubled to ₹129.5 crore, with the EBITDA margin reaching 35.01%. Return on Capital Employed (ROCE) also improved significantly to 13.17% from 5.37% in the previous year.
Efficiency metrics strengthened as well. Furlenco spent ₹0.93 to generate every ₹1 of operating revenue, improving from ₹1.03 in FY25. Its cash and bank balances more than doubled to ₹75 crore, while current assets increased 67.9% to ₹178 crore.
Furlenco competes with Rentomojo in India’s furniture and home appliance rental market. As the sector matures, Furlenco’s FY26 performance highlights how scale, recurring rental revenue and stronger operating leverage are helping build a more profitable rental business model.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
