Stanley Lifestyles (STANLEY) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose 3% to ₹4,325 million, while profit after tax fell 17% to ₹291 million; EBITDA increased to ₹849 million.

• The business operated 64 stores across 25 Indian cities and listed on BSE and NSE on 28 June 2024 following its IPO.

Financial highlights

• Consolidated revenue from operations was ₹4,325 million vs ₹4,190 million YoY; total income was ₹4,438 million vs ₹4,256 million.

• Consolidated EBITDA was ₹849 million vs ₹827 million; EBITDA margin was 19.6% vs 19.7%.

• Consolidated PBT declined to ₹390 million from ₹464 million; PAT was ₹291 million vs ₹350 million, and profit attributable to owners was ₹301 million vs ₹329 million.

• Consolidated basic EPS was ₹5.83 vs ₹6.39; diluted EPS was ₹5.80 vs ₹6.38.

• Standalone revenue from operations increased to ₹2,313 million from ₹2,282 million; standalone PAT rose to ₹157 million from ₹88 million.

Outlook and guidance

• Plans called for approximately 11 store openings in FY25, alongside continued expansion of retail presence and broader home-solution offerings.

• Strategy prioritises product diversification, brand visibility, B2B opportunities, design-led innovation, technology adoption and retail expansion in India and internationally.

• Indian furniture market projected to grow at 10.9% CAGR during 2023–28, reaching USD 32.7 billion by 2026; domestic GDP growth forecast at 7.0% for FY25.