Stanley Lifestyles held a significant board meeting on August 28, 2025, making several important decisions and approvals. The company, known for its presence in the lifestyle sector, addressed crucial corporate governance matters during the meeting.

Board's Report and BRSR Approval

The Board of Directors approved the company's Board's Report for the financial year ended March 31, 2025. This report, along with its annexures, provides a comprehensive overview of the company's performance and activities during the fiscal year. Additionally, the Board gave its nod to the Business Responsibility and Sustainability Report (BRSR) for the same period, highlighting Stanley Lifestyles' commitment to sustainable business practices.

Appointment of New Secretarial Auditor

In a notable move, the Board appointed Mr. Vijaykrishna K T as the company's Secretarial Auditor for a five-year term, spanning from FY 2025-26 to FY 2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Vijaykrishna brings a wealth of experience to the role, with over 38 years of post-qualification expertise in corporate laws and governance. His impressive background includes:

• Extensive experience in public limited companies and as a practicing Company Secretary
• Expertise in corporate affairs, Initial Public Offerings (IPOs), rights issues, and preferential issues
• Proficiency in mergers & acquisitions, corporate restructuring, and fund-raising tasks
• Consultancy experience with various corporate clients, including multinational corporations and public sector undertakings

18th Annual General Meeting

The Board also approved the notice for Stanley Lifestyles' 18th Annual General Meeting, scheduled for September 26, 2025. In line with ongoing digital trends, the AGM will be conducted through video conferencing, ensuring broader participation and adherence to modern corporate practices.

Regulatory Compliance

The company promptly disclosed these developments to the National Stock Exchange of India Limited and BSE Limited, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stanley Lifestyles continues to demonstrate its commitment to transparent corporate governance and strategic growth as it moves forward in the dynamic lifestyle sector. Shareholders and market observers will be keenly watching the upcoming AGM for further insights into the company's future direction and performance.

Stanley Lifestyles , a prominent player in the Indian luxury furniture market, has reported a solid start to the fiscal year 2026 with a 7.9% year-on-year increase in revenue from operations for the quarter ended June 30, 2025. The company's total revenue reached Rs 1,087.00 million, driven by strong performance in both retail and B2B segments.

Retail Business Leads Growth

The retail business emerged as the star performer, contributing Rs 640.00 million to the total revenue, marking a significant 25.2% year-on-year growth. This surge was primarily led by two key brands:

• Stanley Level Next: Grew by 20%
• Sofas & More: Experienced a remarkable 50.7% growth

As of June 30, 2025, Stanley Lifestyles operates a total of 68 stores, comprising 43 Company-Owned Company-Operated (COCO) stores and 25 Franchisee-Owned Franchisee-Operated (FOFO) stores. The COCO stores accounted for 60% of the revenue in Q1 FY26.

Expansion and Strategic Moves

The company continued its expansion strategy during the quarter:

• Added two new Sofas & More stores in Surat and Mangalore
• Stanley Retail Limited acquired complete ownership of Shrasta Decor Private Limited, strengthening its presence in Hyderabad
• Plans to open 15 new stores in FY26, focusing on high-potential real estate catchments in major cities and emerging urban clusters

Financial Highlights

The company's focus on localization and improving manufacturing efficiency has allowed it to optimize production costs while broadening the product mix, resulting in significant margin expansion.

Management Commentary

Sunil Suresh, Managing Director of Stanley Lifestyles, commented on the results: "We started FY '26 on a positive note with strong growth in both retail and B2B segments. Our focus on localization and improving efficiency in manufacturing have allowed us to optimize production costs while broadening the product mix."

He added, "While broader market sentiment remains cautious due to global trade developments and US tariff policies, our product portfolio is not directly exposed to the categories impacted by the US tariffs. We do not expect any material impact on our business from these changes."

Outlook

Stanley Lifestyles remains optimistic about its future growth prospects, citing several factors:

1. Continued expansion of the COCO store format
2. Focus on offering curated collections aligning with evolving preferences of affluent luxury homemakers
3. Positive impact expected from recent raids conducted by DRI on luxury furniture importers who were under-invoicing
4. Passage of the gazette for Quality Control Order (QCO) on imported furniture

With its differentiated brand portfolio, integrated manufacturing capabilities, and growing presence in India's luxury furniture market, Stanley Lifestyles is well-positioned to capture the opportunities ahead in FY26.

Leadership Changes

The company also announced the appointment of J.K. Sharath as the new Group CFO, expected to play a key role in driving the company's transformation agenda and lead Stanley into its next chapter of growth and long-term value creation.

As Stanley Lifestyles continues to navigate the evolving luxury furniture market in India, its strategic focus on retail expansion, manufacturing efficiency, and market penetration sets a strong foundation for sustained growth in the coming quarters.