Press Release

PRESS RELEASE Rentomojo reports 52.8% YoY growth in Revenue from Operations to ₹1,421 million in Q2 FY27; normalised EBITDA rises 52.7% to ₹588 million Normalised PAT grows 52.2% YoY to ₹240 million | Gross Items Ordered by Customers up 45.0% YoY | H1 FY27 operating cash flow at ₹1,100 million Bengaluru, 11 November 2026: Rentomojo Limited, a full-stack direct-to-consumer rental and subscription platform for furniture, home appliances and adjacent categories, today announced its unaudited consolidated financial results for the quarter and half year ended 30 September 2026. These are the Company’s second quarterly results following the listing of Rentomojo’s equity shares on the NSE and BSE on 17 September 2026 after its Initial Public Offering. Rentomojo maintained strong growth momentum during Q2 FY27, with Revenue from Operations increasing 52.8% year-on-year to ₹1,421 million, supported by continued growth in Gross Items Ordered by Customers, Live Items and Live Subscribers. Underlying profitability grew in line with revenue. Normalised EBITDA increased 52.7% YoY to ₹588 million, while Normalised PAT increased 52.2% YoY to ₹240 million. For H1 FY27, Revenue from Operations grew 52.0% YoY to ₹2,684 million, while Normalised EBITDA increased 51.5% YoY to ₹1,111 million and profit before exceptional items and tax increased 61.0% YoY to ₹459 million. Q2 FY27 Highlights ● Revenue from Operations: ₹1,421 million, up 52.8% YoY and 12.5% QoQ ● Normalised EBITDA: ₹588 million, up 52.7% YoY and 12.6% QoQ ● Normalised EBIT: ₹330 million, up 50.7% YoY and 12.6% QoQ ● Normalised PAT: ₹240 million, up 52.2% YoY and 9.4% QoQ ● Normalised ROE: 24.6% on an annualised basis ● Normalised ROCE: 25.3% on an annualised basis ● Weighted average cost of debt: 9.27% ● Most recent borrowing priced at approximately 8.65% ● Gross Items Ordered by Customers: 381,347, up 45.0% YoY and 15.9% QoQ ● Estimated purchase value displaced: ₹4,469 million, up 60.5% YoY ● Experience Stores: 96 stores across 14 cities as of 30 September 2026 Financial Performance ₹ million Q2 FY27 Q2 YoY Q2 QoQ H1 FY27 H1 FY26 H1 YoY Growth Growth Growth Revenue from 1,421 52.8% 12.5% 2,684 1,766 52.0% Operations Reported EBITDA 592 53.7% 44.8% 1,001 733 36.5% Reported EBIT 334 52.5% 86.3% 513 413 24.2% Reported PBT 244 54.8% 131.0% 350 285 22.5% Reported PAT 182 (62.6%) 132.1% 260 614 (57.6%) Normalised EBITDA 588 52.7% 12.6% 1,111 733 51.5% Normalised EBIT 330 50.7% 12.6% 622 413 50.7% Normalised PAT 240 52.2% 9.4% 459 285 61.0% Operating Cash Flow 1,100 805 36.7% Notes to table: 1. Normalised measures exclude exceptional items. 2. Reported PAT declined YoY because Q2 FY26 included a deferred-tax credit of ₹328.4 million, whereas Q2 FY27 included deferred-tax expense of ₹62.11 million. 3. QoQ changes in reported EBITDA, EBIT, PBT and PAT are affected by the ₹113.66 million exceptional fire-related loss recognised in Q1 FY27. Continued operating scale-up Growth during the quarter remained broad-based across the platform. Gross Items Ordered by Customers increased 45.0% YoY to 381,347, while Live Items increased 44.0% YoY to approximately 1.05 million, Live Subscribers increased 42.5% YoY to approximately 324,000, while Items per User remained stable at 2.8, reflecting sustained demand. Average Occupancy improved by 61 basis points YoY to approximately 85.9%, reflecting continued utilisation of the Company’s growing asset base. Average Revenue per Item (ARPI) increased 4.6% YoY. The estimated value of purchase displaced through Rentomojo’s rental model increased 60.5% YoY to ₹4,469 million during Q2 FY27. Strong H1 cash generation Rentomojo continued to demonstrate strong conversion of operating earnings into cash. For H1 FY27, net cash from operating activities was ₹1,099.7 million, equivalent to 109.8% of reported EBITDA for the period. Capital expenditure during H1 FY27 was ₹1,922.6 million, compared with ₹799 million in H1 FY26, an increase of 140.6% as the Company continued to invest in its asset base and physical network to support future growth. Balance sheet strengthened following IPO Rentomojo completed its Initial Public Offering during the quarter and listed on the NSE and BSE on 17 September 2026. The IPO comprised a fresh issue of approximately ₹1,500 million and an Offer for Sale. As stated in the Prospectus, net proceeds allocated to the stated objects were ₹1,413.7 million. As at 30 September 2026, the Company had utilised ₹900.0 million, or 63.7% of these net proceeds, as shown below. Objects As per Utilised up to 30 Unutilised as at up to Prospectus September 2026 30 September 2026 (In ₹ million) (In ₹ million) (In ₹ million) Repayment or prepayment of debt 700.0 700.0 - Payment on lease rental and 425.0 81.0 344.0 license fees for the company Warehouses and experience store General Corporate Purpose 288.7 119.0 169.7 Total 1413.7 900.0 513.7 The ₹700 million allocated to debt repayment or prepayment had been fully utilised by 30 September 2026. The balance-sheet position at that date was: ● Net worth increased to ₹4,662 million ● Debt-to-equity improved to 0.50x, compared with 0.63x at FY26-end ● Net debt declined to ₹1,306 million, compared with ₹1,493 million at FY26-end ● Net debt-to-equity improved to 0.28x, compared with 0.50x at FY26-end ● Net debt-to-annualised EBITDA was 0.65x The stronger capital base provides the Company with additional flexibility to fund growth while maintaining balance-sheet discipline. Expanding the omnichannel network Rentomojo continued to expand its physical presence alongside its digital platform. As of 30 September 2026, the Company operated 96 Experience Stores across 14 cities, compared with 67 stores in the corresponding period last year. The combination of digital customer acquisition and physical Experience Stores allows customers to experience products before subscribing while providing guidance on product selection, rental tenure, upgrades and returns. The Company continues to use micro-market-level demand data to determine store locations and expand its network. Asset lifecycle economics continue to strengthen Rentomojo’s business model is built around the refurbishment and repeated deployment of furniture and appliance assets across multiple customer cycles. As of 30 September 2026, the Company’s FY2017 asset cohort had generated cumulative revenue equivalent to 5.32 times its original cohort value, with approximately 54.0% of the cohort continuing to generate revenue. The FY2018 cohort had generated approximately 4.71 times its original cohort value, with 59.2% of items continuing to generate revenue. The Company believes its ability to extend asset life through refurbishment and redeployment supports higher lifetime revenue per asset, operating leverage and capital efficiency. Management Commentary Commenting on the performance, Geetansh Bamania, Founder, Chairperson, Managing Director and Chief Executive Officer, Rentomojo Limited, said: “Our Q2 FY27 results reflect the strength of our underlying business. Gross Items Ordered by Customers grew 45.0% year-on-year, revenue grew 52.8% to ₹1,421 million, normalised EBITDA grew 52.7% to ₹588 million, and profit before exceptional items and tax grew 52.2% to ₹240 million. Growth was broad-based, with live subscribers up 42.5%, live items up 44.0%, and average occupancy improving to 85.9%. Normalised EBITDA margin was 41.01% for H1 FY27, while profit before exceptional items and tax represented 16.95% of Revenue from Operations. Our earnings continue to convert into cash, with H1 FY27 operating cash flow of ₹1,099.7 million, equivalent to 109.8% of reported EBITDA. Following the IPO, total equity stood at ₹4,661.7 million and net debt was ₹1,306.2 million as at 30 September 2026. Normalised ROCE stood at 25.3%, reflecting our focus on capital efficiency. We remain focused on scaling Rentomojo through subscriber growth, better asset utilisation and technology, while maintaining strong profit [Showing first 8,000 characters — download PDF for full document]