Furniture & Home Furnishings Industry in India

India’s furniture and home furnishings industry brings together makers of household and workplace products, surfaces, sleep products, and interior fittings.

Top furniture & home furnishings companies in India (listed and private)

Frequently asked questions

How large is the furniture & home furnishings industry in India?

534 furniture & home furnishings companies with statutory filings (8 listed, 526 private) reported combined revenue of ₹66,618 crore in FY2025, +17.2% on the same companies, and aggregate EBITDA of ₹4,835 crore. As filed each year, combined revenue was ₹15,574 crore in FY2018, reached ₹66,618 crore in FY2025, the highest in the period; year-on-year changes are measured on the same companies. The 6 listed companies with an exchange price are worth ₹26,548 crore in market capitalisation. Size here is measured in revenue, profit and market value, from statutory filings and exchange prices, not in physical volume of output.

Is profitability improving or deteriorating?

Mixed. The aggregate EBITDA margin of furniture & home furnishings companies was 7.3% in FY2025, 1.3 pts below FY2024, against a peak of 8.5% in FY2024. Profit after tax margin was 2.8% (−1.2 pts on FY2024). Aggregate EBITDA of listed and private furniture & home furnishings companies moved +34% from FY2022 to FY2025 on a same-company basis; FY2025 EBITDA was ₹4,835 crore (+2.4% on FY2024).

Which companies are leading the furniture & home furnishings industry?

By FY2025 revenue the largest furniture & home furnishings companies are Swarn Shilp Chains & Jewellers (₹11,161 crore, 2.9% EBITDA margin, private); Ritul Jewels (₹5,784 crore, 0.1% EBITDA margin, private); Century Plyboards (₹4,528 crore, 11.0% EBITDA margin); Mantora Oil Products (₹2,945 crore, 4.9% EBITDA margin, private); GREENPLY Industries (₹2,488 crore, 10.2% EBITDA margin). Among the ten largest, Hettich India (19.7%) and Balaji Action Buildwell (12.2%) earn the widest EBITDA margins and Manash Lifestyle (-1.1%) the thinnest. 20 of the 25 largest are private companies, which a listed-only view leaves out.

Where is demand or investment changing?

In the news: Interiors and renovation carried 4.2% of furniture & home furnishings stories in 2025-06 to 2026-05, up 0.9 pts (+26%) on the prior 12 months; net tone +98 vs +20 for all furniture & home furnishings stories. In buyer searches: Search interest in furniture prices and buying queries (mattress price, bed price) was +27% in the 12 months to 2026-09 vs the prior 12, led by “bed price” (+30%), followed by home and office furniture (+7%); interior and modular home solutions moved -3%.

What should I investigate next?

These are the findings that fired on the data, negative signals first, each with the topic that holds the evidence: Furniture & Home Furnishings EBITDA grew 34% since FY2022 (Industry financials). 10 private furniture & home furnishings manufacturers pass an IPO-readiness screen (Top furniture & home furnishings companies in India). Interiors and renovation is gaining the most ground in furniture & home furnishings news (Furniture & Home Furnishings in the news). Furniture prices and buying searches rose most in the last year (Search & demand signals). Median EV/EBITDA is 14.8× and median P/E 33.2× across 6 priced furniture & home furnishings companies. (Market capitalisation & valuation).

How are furniture & home furnishings stocks valued?

The median trailing P/E is 33.2× and the median EV/EBITDA 14.8× across 6 priced companies.

What does this industry page cover?

It covers companies connected with furniture, furnishings, wood-based products, interior fittings, and sleep products in India.

How are private companies selected?

Private companies are selected through relevant registered activities and product-focused legal names, then reviewed for scope and duplication.

Research information, not investment advice.