Stanley Lifestyles announced the appointment of Mr. Venkataramana Seshagirirao Gorti as Joint Managing Director, bringing over 34 years of global leadership experience to drive the company's strategic growth and operational excellence.

New Joint Managing Director Appointment

The board appointed Mr. Venkataramana Seshagirirao Gorti (DIN: 08526382) as Additional Director and Joint Managing Director for a five-year term. The appointment was made on December 16, 2025, following the recommendation of the Nomination and Remuneration Committee.

Strategic Vision and Focus Areas

Mr. Gorti outlined his strategic priorities for Stanley Lifestyles, emphasizing both short-term execution and long-term vision. His focus areas include realizing the company's vision through pristine execution, investing in manufacturing excellence, and securing the supply chain through vertical integration. He plans to emphasize digitalization, simplification, and standardization to enhance agility and deliver consistent customer delight.

The new Joint Managing Director also aims to evaluate the brand's market position and explore strategic expansion into related areas, potentially through mergers and acquisitions or divestitures. His approach balances long-term luxury brand building with public market expectations for consistent financial performance.

Professional Background and Expertise

Mr. Gorti brings extensive global leadership experience across diverse industries including electrical, electronics, hydraulics, aerospace, and wood-working. His career spans senior leadership positions at globally respected companies including ABB, Oracle, GE, Flextronics, Wipro Hydraulics, Honeywell, and Homag.

He was recognized as one of the Top 100 Inspirational Leaders of Asia in 2022 and served as Chairperson of FFSC (Furniture Fittings Skill Council) in FY24.

Leadership Endorsement

Mr. Sunil Suresh, Founder of Stanley Lifestyles Limited, expressed confidence in the appointment, stating that Gorti's deep global expertise and strong leadership credentials make him the ideal choice to guide Stanley Lifestyles into its next chapter. He highlighted Gorti's people-first approach, strategic vision, and proven ability to scale businesses as perfectly aligned with the company's long-term growth aspirations.

Director Resignation

Simultaneously, Mrs. Sonakshi Sunil tendered her resignation as Non-Executive Director due to preoccupation and other business assignments. The board took note of her resignation as part of the board restructuring process.

Regulatory Compliance

These board changes were announced in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Stanley Lifestyles has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about these developments.

Stanley Lifestyles Limited , a leading Indian luxury furniture company, has announced its financial results for the second quarter and first half of fiscal year 2026, showcasing robust growth and improved profitability.

Key Financial Highlights for H1 FY26

• Revenue from operations increased by 5.1% year-over-year to Rs 2,141.00 million
• EBITDA grew by 22.5% to Rs 473.00 million, with EBITDA margin expanding by 320 basis points to 22.1%
• Profit After Tax (PAT) surged by 45.3% to Rs 138.00 million
• Gross Profit margin improved by 330 basis points to 57.8%

Q2 FY26 Performance

For the quarter ended September 30, 2025, Stanley Lifestyles reported:

• Revenue from operations of Rs 1,054.00 million, up 2.3% year-over-year
• EBITDA of Rs 248.00 million, a significant increase of 34.1%
• EBITDA margin expansion of 550 basis points to 23.5%
• PAT growth of 5.3% to Rs 60.00 million

Operational Highlights

• Expanded retail presence with 7 new Company Owned Company Operated (COCO) stores and 2 Franchise Owned Franchise Operated (FOFO) stores during H1 FY26
• Retail business contributed nearly 70% of total revenue in H1 FY26
• Entered the international market through an exclusive Distribution and License Agreement with Singer (Sri Lanka) PLC
• Launched 'Stanley Boutique Homes' as a sub-segment offering complete home solutions in the luxury segment

Management Commentary

Sunil Suresh, Managing Director of Stanley Lifestyles Ltd, commented on the results: "We are pleased with our performance in H1 FY26, which demonstrates the resilience of our business model and the strong demand for our products. Our focus on retail expansion and product diversification has yielded positive results, with significant improvements in our margins and profitability."

Future Outlook

The company remains optimistic about its growth prospects, with plans to:

• Add more new stores in FY26, focusing on high-affluence metros and emerging urban clusters
• Deepen the COCO network
• Curate timeless collections reflecting evolving luxury trends

IPO Fund Utilization

Stanley Lifestyles has reported no deviation in the use of IPO proceeds. As of September 30, 2025, the company has utilized Rs 1,030.75 crore out of the total net proceeds of Rs 1,839.37 crore raised through its IPO. The funds have been allocated across various objectives, including opening new stores, renovating existing stores, and general corporate purposes.

This strong financial performance, coupled with strategic expansion initiatives, positions Stanley Lifestyles well for continued growth in the luxury furniture and home solutions market.

Note: All financial figures are in Indian Rupees (INR).