Rentomojo CEO Geetansh Bamania outlines the company's FY27 outlook, with strong rental demand, 83-85% occupancy and rising subscription volumes supporting growth. By Alpha Desk October 6, 2026, 10:10:49 AM IST (Published) 3 Min Read Bengaluru-based online rental and subscription platform for furniture and appliances Rentomojo Limited expects the momentum seen in the first quarter of FY27 to continue, supported by rising demand for rental products, a growing subscriber base and healthy occupancy levels. Geetansh Bamania, Chairperson, Managing Director and Chief Executive Officer, Rentomojo Limited, said the company remains optimistic about the coming quarters, with revenue typically improving as the live subscriber and item base expands.
“It's been a good year for us. This is a business where there is a little bit of a seasonality involved. February to September are the good revenue months for us, and then historically, what we have seen is you know, post that the H2 turns out to be a great profit, but the revenue consistently increase because every month you are adding subscriber base.
I am very optimistic for the other quarters to be better,” Bamania said. In Q1FY27, recently-listed Rentomojo Limited reported revenue of ₹126.30 crore, a margin of 41%, and profit after tax of ₹7.80 crore. Bamania said the company's subscription-led model means revenue continues to build each month as new subscribers and rental items are added to the platform.
Demand typically picks up as people switch jobs and move homes, while summer drives demand for products such as air conditioners and refrigerators. The July-August period also benefits from young people joining the workforce after completing college. Bamania said the company is therefore optimistic about the remaining quarters of FY27, although he stopped short of giving a specific full-year revenue guidance.
The Noida warehouse fire affected about 2% of Rentomojo's inventory, but the company was able to resume operations within a week. Bamania said the company also has insurance coverage for most of the inventory affected by the incident, with the valuation process currently underway. The stock was trading at ₹521.65 on the NSE at 9:43 am and had declined more than 2% over the past one month.
Despite the disruption, the company maintained an occupancy rate of around 83-85% across its major categories. Bamania said demand remains strong, with some products occasionally going out of stock. The company is also working on improving its inventory forecasting and algorithms to better match available products with demand.
Essential household products remain the biggest contributors to Rentomojo's business. Refrigerators, washing machines, beds and mattresses are among the key categories for customers moving into rental homes. At the same time, the company is seeing strong growth in water purifiers.
Bamania pointed to the relatively low penetration of water purifiers in India as a significant opportunity for future growth. He also said that established categories such as beds, mattresses, refrigerators and washing machines continue to record strong growth despite Rentomojo being in its 11th year of operations. Margins are generated over the life cycle of each asset, reinforcing the preference for a subscription-led approach.
"Our entire objective was to give a new consumption solution for the new age mobile India," the CEO explained, noting that a decade ago, purchasing was the default option before the rental concept gained traction. The number of items ordered directly translates into delivered assets, recurring revenue, and an expanding live subscriber base. This shift towards direct-to-consumer living arrangements in urban and semi-urban areas is expected to push subscriber additions higher as the broader business model evolves.
For full interview, watch accompanying video Follow our live blog for more stock market updates (Edited by : Unnikrishnan)
Source: cnbctv18.com
