SUMMARY
- Livspace reported a 21% YoY growth in revenue, reaching Rs 1,185.04 crore in FY24 from Rs 981.18 crore in FY23.
- Livspace managed to reduce its EBITDA losses from Rs 525.37 crore in FY23 to Rs 246.74 crore in FY24.
- Currently headquartered in Singapore, Livspace is in the process of relocating its domicile to India.
Home interior firm Livspace reported a 21% YoY growth in revenue, reaching Rs 1,185.04 crore in FY24 from Rs 981.18 crore in FY23.
This growth came on the back of the firm’s strong performance in both the premium and mass premium segments of the residential sector.
Moreover, the TPG and KKR-backed company managed to reduce its EBITDA losses from Rs 525.37 crore in FY23 to Rs 246.74 crore in FY24, as disclosed in a statement. The company is optimistic about achieving profitability by the end of 2024.
In the most recent quarter, Livspace observed an average EBITDA loss of 4% to 5%, despite having approximately $100 million in cash reserves.
The company has stated that the quality of revenue remains in focus for them, with 100% of their revenue originating directly from end consumers, who are homeowners.
“Our ARR for Q2 ’25 is Rs 1500 crore, and the business is growing at 8-10% QoQ on a 35-40% YoY growth trajectory,” said Ramakant Sharma, Co Founder & COO.
Livspace, established in the year 2014 by Ramakant Sharma and Anuj Srivastava, stands as a platform for home interior design and renovation, operating across Southeast Asia, India, and the Middle East.
Currently headquartered in Singapore, Livspace is in the process of relocating its domicile to India. The company aims to list on the Indian stock exchange within the next 18 to 24 months.
It is also planning to set up over 200 design experience centres and grow its presence in existing markets in 6-12 months.
Additionally, Livspace is focused on expanding its network of over 90 stores across both metropolitan and non-metropolitan areas, including Delhi-NCR, Bengaluru, Mumbai, Ahmedabad, Jaipur, and Kochi. The firm is also committed to addressing the demand for modular solutions in Tier II and III markets.
Sharma stated, “We are excited about the road ahead and are expanding our spectrum of offerings with the inclusion of affordable interiors via Bello, Premium interiors via Vinciago in addition to Select (budget friendly) & Vesta (designer interiors).
He added, “We have also forayed into kitchen appliances and home furnishings through our private label and are committed to providing our customers with functional designs and better aesthetics.”
