RentoMojo, an Indian subscription-based furniture and appliance rental platform, recorded a significant jump in profit after tax by 142% to ₹104.2 crore in fiscal year 2025-26, supported by robust revenue growth and a notable one-time tax benefit. The company's performance sets the stage for its upcoming initial public offering (IPO).
- FY26 PAT rises 142% to ₹104.2 crore with ₹36.6 crore tax credit
- Revenue grows 45.5% to ₹387 crore; EBITDA up 38% at ₹163.5 crore
- Over 2.5 lakh active users served across 29 Indian cities
What happened
RentoMojo posted a remarkable increase in profit after tax (PAT) of 142% in the fiscal year ending March 2026, reaching ₹104.2 crore from ₹43.1 crore the previous year. This outcome was bolstered by a one-time tax credit of ₹36.6 crore and strong operational performance. Total income, including other income, stood at ₹394 crore, reflecting a 46% year-over-year uplift.
The startup's EBITDA also improved by 38% to ₹163.5 crore, although its margin slightly decreased to 41.5%. During the fiscal year, RentoMojo expanded its product portfolio to 8.5 lakh items, served 2.5 lakh active users, and saw gross items ordered climb 42.5% to 9.89 lakh, underlining strong demand for rental furniture and appliances.
Why it matters
RentoMojo's financial momentum highlights the growing acceptance of subscription rental models in India’s home essentials segment. The company's ability to scale operations with 20 warehouses and 82 offline stores across 29 cities provides a competitive edge in meeting urban consumers’ evolving needs for affordable, flexible home furnishing solutions.
This performance comes ahead of the company’s planned IPO, which could make RentoMojo the country’s first publicly listed furniture rental startup. The fresh capital raise and offer for sale by early investors including Accel and Chiratae Ventures signal strong investor confidence in its growth prospects and market leadership potential.
What to watch next
Market participants will closely watch RentoMojo’s upcoming IPO, which includes a fresh share issue worth ₹150 crore alongside an offer for sale of 2.7 crore shares by founders and early backers. Successful listing could amplify RentoMojo’s visibility and capacity to invest in expanding its technology platform and geographic footprint.
Investors and competitors will also monitor the company’s ability to sustain margin levels while managing rising expenses in employee benefits, logistics, and marketing, which all increased sharply in FY26. Continued growth in product occupancy and active users will be key indicators of the startup’s operational efficiency and market traction post-listing.