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Stanley Lifestyles reported 9M FY26 revenue growth of 1.4% to 317.9 Cr. Gross profit grew 6.2%, with margins improving to 58.4%, and EBITDA margins also saw a slight gain to 19.0%. However, profit after tax (PAT) margin dipped to 4.3% (13.6 Cr for 9M, -0.2 Cr for Q3) due to strategic investments in strengthening leadership and expanding its retail footprint.
The company is focused on deepening its COCO store network (9 stores opened YTD, 6 planned) and accelerating project handovers from late FY27. Strategic initiatives include localization and backward integration to boost margins and cash flows, alongside a technology upgrade with SAP HANA & Salesforce in FY27 for improved efficiency.
Recent highlights include BIS certification for both manufacturing facilities, ensuring compliance with the upcoming Furniture Quality Control Order (QCO), viewed as a competitive advantage. Operational efficiencies are also improving with reduced working capital and inventory days. Management sees improving handovers and a healthy order pipeline, with high-ticket discretionary demand recovering, giving confidence for stronger performance ahead. Cash & liquid funds stand at 43.4 Cr, with a retail order book of 188.7 Cr.