Financial Performance Summary

RentoMojo Limited reported its first quarterly results as a listed entity following its listing on 17 September 2026. The company delivered strong growth across key financial metrics for Q1 FY27 (quarter ended 30 June 2026).

Revenue and Profitability Metrics

Revenue Performance:

  • Revenue from Operations: ₹1,263.3 million, up 51.1% YoY and 15.3% QoQ
  • Total Income: ₹1,271.0 million, up 49.8% YoY and 12.1% QoQ

Normalised Profitability (excluding exceptional items):

  • Normalised EBITDA: ₹522.7 million, up 50.2% YoY and 13.9% QoQ
  • Normalised EBIT: ₹292.7 million, up 50.8% YoY and 12.7% QoQ
  • Normalised PAT: ₹219.3 million, up 71.8% YoY and 11.2% QoQ
  • Normalised EBITDA margin: Approximately 41%
  • Normalised ROE: 28.85% annualized, up 198 bps YoY
  • Normalised ROCE: 26.58% annualized, up 21 bps YoY

Reported Profitability (including exceptional items):

  • Reported EBITDA: ₹409.1 million, up 17.5% YoY but down 16.2% QoQ
  • Reported EBIT: ₹179.1 million, down 7.8% YoY and 38.1% QoQ
  • Reported PAT: ₹78.4 million, down 38.6% YoY and 53.3% QoQ

Exceptional Items

The reported profitability was impacted by:

  • One-time exceptional loss of ₹113.7 million arising from a fire incident
  • Deferred tax expense of ₹27.3 million
  • The company maintains insurance coverage for the fire incident, with any recovery subject to applicable policy terms and claims process
  • No loss of life or injury occurred in the fire incident

Operating Metrics and Business Performance

Subscriber and Item Metrics:

  • Gross Items Ordered by Subscribers: 329,159, up 45.8% YoY and 27.6% QoQ
  • Live Items: Increased 41.0% YoY and 8.4% QoQ
  • Live Subscribers: Increased 36.3% YoY and 11.5% QoQ
  • Items per User: Increased approximately 5.9% YoY
  • Average Revenue per Item: Increased 6.8% YoY and 6.9% QoQ
  • Average occupancy remained stable

Physical Expansion:

  • Experience Stores: 89 stores across 14 cities
  • Added 34 stores YoY and 7 stores QoQ

Capital Structure and Financing

Debt and Returns:

  • Weighted average cost of debt: 9.58% during Q1 FY27
  • Latest debt raised at approximately 8.95%
  • Spread between operating returns (26.6% ROCE) and borrowing costs reflects economics of multi-cycle asset model

Cash Flow Performance (FY26 reference):

  • EBITDA-to-CFO conversion: 1.05x in FY26
  • Cash flow from operations: ₹1,729 million during FY26
  • Operating cash flow fully funded growth capex while delivering over 40% revenue growth

Management Commentary

Mr. Geetansh Bamania, Chairperson, Managing Director and Chief Executive Officer, highlighted:

  • Strong momentum with 45.8% YoY growth in items ordered and 51.1% revenue growth
  • Quality growth characterized by strong repeat behavior, high organic demand, and healthy internal cash generation
  • IPO strengthened net worth and enhanced capacity to fund future growth
  • Ambition to build Rentomojo into a scaled, technology-led platform for flexible living
  • Discipline on profitability and capital efficiency maintained

Growth Strategy

Rentomojo's growth strategy focuses on three key levers:

1. Omnichannel Expansion:

  • Increasing physical presence in relevant micro-markets using data-driven store location selection
  • Combining digital channels with growing network of physical Experience Stores

2. New Cities and Technology:

  • Capital-efficient city-launch model
  • Increased investments in engineering, data, artificial intelligence, and technology across logistics and field-service operations

3. Broader Platform Services:

  • Extending operating platform into service-intensive categories leveraging existing infrastructure
  • Water purifiers emerging as adjacent category with items ordered increasing 199% YoY in Q1 FY27

Business Overview

RentoMojo operates a full-stack direct-to-consumer rental and subscription platform focused on:

  • Furniture: beds, mattresses, sofas, wardrobes
  • Home appliances: refrigerators, washing machines, televisions, air conditioners
  • Adjacent categories: water purifiers and other lifestyle categories

The platform combines digital channels (website and application) with physical Experience Stores, supported by vertically integrated operating infrastructure covering procurement, logistics, warehousing, refurbishment, collections and recovery, and customer care.