Kitchen & Cabinetry Order Book Share
37%
+20pp YoY
Share of full-home orders in total order book increased from 12% in Dec 2024 to 37% in Dec 2025.
STANLEYLIFESTYLES
Healthcare
15 Feb 2026
Stanley Lifestyles Ltd — Q3 FY26
Stanley Lifestyles reported a weak Q3 FY26 with revenue declining 5.4% YoY to ₹103.8 Cr and a marginal PAT loss of ₹0.2 Cr vs ₹8.9 Cr profit last year.
✓ Verified against BSE filing
2-Min Summary
Stanley Lifestyles reported a weak Q3 FY26 with revenue declining 5.4% YoY to ₹103.8 Cr and a marginal PAT loss of ₹0.2 Cr vs ₹8.9 Cr profit last year. EBITDA margin contracted 680 bps to 11.9% due to operational deleverage, new store costs, and one-time employee expenses from leadership transition and labor code changes. Management attributed the slowdown to project handover delays, subdued discretionary demand, and a conscious 'reset' involving brand architecture review and store rationalization. They highlighted a 20% YoY increase in kitchen/cabinetry order book share to 37%, signaling a pivot to full-home solutions. Guidance remains vague; the aspirational ₹1,000 Cr revenue target is reiterated but without a timeline. Key risk: store maturity may take longer than expected, delaying margin recovery.
Key Numbers
New Stores Opened (9M FY26)
9
+9 stores YoY
Includes 7 COCO and 2 FO stores; 6 more COCO stores expected in early Q1 FY27.
Stores Under 3 Years
50%
flat
Half of the store network is less than 3 years old, yet to reach maturity and optimal margins.
Premium Housing Deliveries (6 Metros, 2026E)
109,000
+82% YoY
Expected deliveries of homes >₹1.5 Cr in 2026, up from ~60,000 in 2025, per RERA data.
Management Guidance
Revenue CAGR aspiration of 20%+
Management reiterated the long-term target of 20%+ revenue CAGR but declined to provide a specific FY27 guidance, citing budgeting in progress.
revenueStore additions: 6 more COCO stores by early Q1 FY27
Six additional COCO stores are expected to open in the next couple of months, adding to the 9 opened in 9M FY26.
expansionBIS certification for 90% SKUs by Q4 FY26
Management expects to achieve BIS certification for ~90% of SKUs by end of Q4 FY26, positioning the company to benefit from QCO implementation.
otherKey Risks
Store maturity delay
50% of stores are under 3 years old and underperforming; if they take longer to mature, margin recovery may be pushed out.
high · management_commentaryBangalore revenue stagnation
Bangalore, historically 66-67% of revenue, has been flattish due to catchment shifts and store rationalization, posing a drag on overall growth.
medium · analyst_questionChannel inventory from QCO front-loading
Importers may have built up inventory ahead of QCO enforcement, potentially delaying the benefit for organized players like Stanley.
medium · analyst_questionNo clear revenue guidance
Management declined to provide FY27 revenue guidance despite repeated analyst requests, indicating uncertainty in near-term growth.
medium · data_observationNotable Quotes
We have taken a deliberate pause not to slow down but to strengthen the foundation of the next phase of growth.
90% of our customers are employers and not employees.
Our focus will remain on B2C. Since we are investing in acquiring multiple franchises in cities, we are going to be very focused as a B2C brand.