Furniture rental startup Rentomojo has posted its first quarterly results since listing — and they show a business gathering speed. For Q1 FY27, the company reported revenue of Rs 126.33 crore, up 51.1% year-on-year, with normalised PAT of Rs 21.93 crore, up 71.8% YoY.
Reported PAT came in at Rs 7.84 crore (down 38.6% YoY) after a one-time Rs 11.37 crore fire loss at its Noida warehouse — a reminder that the underlying business is significantly more profitable than the headline number. Normalised EBITDA margin stood at around 41%.
The operating metrics tell the growth story: 2.83 lakh live subscribers (up 36.3% YoY), 9.23 lakh live items, and 89 experience stores across 14 cities. Rentomojo listed on the exchanges on September 17, 2026, and its shares rallied about 6% on October 6 after the results.
Led by founder, MD & CEO Geetansh Bamania, Rentomojo has ridden the shift from ownership to access — young urban households renting furniture and appliances rather than buying. The first earnings print suggests the public-market chapter is starting on strong footing.
Why it matters for founders
Rentomojo's debut quarter is a case study in owning a niche and scaling it profitably: normalised margins above 40% in a category many dismissed as unprofitable. If you're building a subscription or rental model, the takeaway is to obsess over unit economics early — public markets (and acquirers) pay up for margins, not just subscriber counts.