Furniture company Stanley Lifestyles announced Q1FY26 results Revenue from Operations: Rs 1,087 million compared to Rs 1,007 million during Q1FY25, change 7.9%. EBITDA: Rs 225 million compared to Rs 201 million during Q1FY25, change 11.9%. EBITDA Margin: 20.7% for Q1FY26. PBT: Rs 104 million compared to Rs 58 million during Q1FY25, change 79.3%. PAT: Rs 78 million compared to Rs 38 million during Q1FY25, change 105.3%. PAT Margin: 7.2% for Q1FY26. Sunil Suresh, Managing Director said: “During the first quarter of FY26, global trade developments, particularly the recent US tariff policies, have weighed on broad market sentiment. While the Indian luxury furniture sector remains structurally strong, these macro headwinds have created a more cautious consumer environment, leading to lower discretionary spending in certain segments. The underlying real estate market continues to provide long-term growth opportunities. In H1 2025, luxury housing recorded significant expansion, with sales in the Rs 10-20 crore price range rising by 128% and Rs 20–50 crore homes doubling YoY. However, delays in property handovers, a trend that has persisted over recent quarters, continue to defer purchase decisions for premium home interiors. Additionally, the recent wave of layoffs in the IT sector is expected to temporarily affect sales in certain key urban markets where technology professionals form a meaningful part of our customer base. Despite these headwinds, we started FY26 on a positive note with strong growth in both the retail and B2B segments. Revenue from Operations was Rs 1,087 million, an increase of 7.9% over Q1FY25. The retail business contributed Rs 640 million, up 25.2% YoY, led by the performance of Stanley Level Next and Sofas & More, which grew by 20.0% and 50.7% respectively. All new stores opened in FY25 have achieved breakeven, reflecting the effectiveness of our location selection and execution strategy. This quarter also saw the addition of two new Sofas & More stores, one each in Surat and Mangalore. As of 30th June 2025, Stanley Lifestyles operates 68 stores, comprising 43 COCO stores and 25 FOFO stores, with COCO stores accounting for 60% of revenue in Q1FY26. On profitability, Gross Profit increased by 16.6% YoY to Rs 624 million, with margins expanding by 428 basis points to 57.4%. Localisation, manufacturing efficiencies and in-house manufacturing have allowed us to optimise production costs while broadening the product mix. EBITDA grew 11.9% to Rs 225 million, with a margin of 20.7%, while PAT increased more than 2x to Rs 78 million, with a margin of 7.2%. We also made notable strategic advances in line with our growth vision. With Stanley Retail Limited acquiring complete ownership of Shrasta Decor Private Limited, we have strengthened our presence in Hyderabad. This step allows us to streamline operations, unify brand representation and improve decision-making efficiency in this key market. Hyderabad is an important growth hub, and we will invest in growing the Hyderabad market to achieve our long-term growth strategy. Additionally, we are pleased to welcome J K Sharath as our Group CFO. His deep understanding of the Company, along with his strong financial and strategic skills and multidisciplinary experience, will be a great addition to our Leadership team. He will play key role in driving our transformation agenda and Lead Stanley into its next chapter of growth and long-term value creation. While broader market sentiment remains cautious, our product portfolio is not directly exposed to the categories impacted by the US tariffs, and we do not expect any material impact on our business from these changes. Looking ahead, we remain on track to open 15 new stores in FY26, with an emphasis on high-potential real estate catchments in major metros and emerging urban clusters. The focus continues to be on strengthening the COCO format and offering curated collections that align with the evolving preferences of affluent homebuyers. With a differentiated brand portfolio, integrated manufacturing capabilities and a growing presence in India’s luxury furniture market, Stanley Lifestyles is well-positioned to capture the opportunities ahead in FY26.” Result PDF