India’s luxury furniture maker Stanley Lifestyles Limited has reported a sharp fall in annual profit for the financial year ending 31 March 2026, as higher costs linked to expansion and operational investments weighed on earnings.
The Bengaluru-based company said consolidated revenue from operations for FY26 stood at ₹4.19bn ($49m), down 1.6% from the previous year. Net profit fell 55.5% year-on-year to ₹130m, compared with ₹292m in FY25.
For the March quarter, the company posted a net loss of ₹6m, against a profit of ₹108m in the same period a year earlier. Quarterly revenue declined 10.1% to ₹1.01bn.
Stanley Lifestyles said the weaker quarterly performance was partly due to geopolitical and supply-chain disruptions, as well as higher depreciation and finance costs. The company also cited the impact of India’s new labour code on expenses.
Despite the earnings pressure, the firm said it continued to invest heavily in expanding its retail footprint and strengthening operations. Earnings before interest, tax, depreciation and amortisation (EBITDA) for FY26 fell 7.8% to ₹754m, while EBITDA margin narrowed to 18% from 19.2% a year earlier.
Chairman Sunil Suresh said FY26 had been “a year of strategic investments” aimed at positioning the company for long-term growth.
The company has expanded beyond its traditional Bengaluru base into key luxury markets including Chennai, Hyderabad, Pune, Mumbai and Delhi. It has also converted several franchise-led markets into company-owned operations to improve customer experience and pricing control.
Stanley Lifestyles operates 71 stores across India under brands including Stanley Level Next, Stanley Boutique and Sofas & More. The company manufactures and retails premium furniture products ranging from sofas and recliners to kitchen cabinetry and wardrobes.
