Latest news with #modularfurniture
Reuters
21-07-2025
- Business
- Reuters
Indian furniture brand WoodenStreet aims to quadruple revenue in 3 years, mulls IPO, CEO says
July 21 (Reuters) - India's WoodenStreet aims to quadruple its revenue over the next three years by expanding its mattress and modular furniture businesses, and opening dozens of new stores, as it positions itself for a listing, its CEO told Reuters. India's $34 billion furniture sector has been rapidly growing in recent years, with demand for sofas, recliners, wardrobes and beds climbing, as younger consumers with more disposable incomes splurge online and upgrade more frequently. "The idea is (to touch 10 billion rupees ($115.90 million) in revenue) and profitability in the next three years... and going public," WoodenStreet founder and CEO Lokendra Ranawat said in an interview last week. WoodenStreet reported sales of 2.55 billion rupees and net loss of 109 million rupees in fiscal 2024, marking its first loss in at least half a decade, data from business insights provider Tofler showed. To hit its target, WoodenStreet is aggressively expanding into the mattress category with its new "Penguin Sleep" brand, Ranawat said, tapping into post-pandemic consumer focus on wellness, while also making a strong push in modular furniture. WestBridge Capital-backed WoodenStreet, which late last year raised $43 million from Premgi Invest to boost its workforce and manufacturing, sells furniture, from sofa to decor, online and also runs 104 stores across India. Ranawat said WoodenStreet plans to triple its store count within 18-24 months, focussing on major cities, while also considering opportunities in smaller ones. WoodenStreet's rival Wakefit filed for an initial public offering last month, while Duroflex, which also owns the "Sleepyhead" mattress brand, said in April it was looking to go public in the next 18 months. When asked if WoodenStreet would consider a deal akin to Reliance's purchase of its peer Urban Ladder, Ranawat said: "The target is to make it a sustainable and long-term independent brand." ($1 = 86.2800 Indian rupees)
Daily Mail
20-07-2025
- Lifestyle
- Daily Mail
This luxurious modular sofa fits in my NYC shoebox apartment - and it actually looks good
It may be July, but when I found this insanely chic modern modular sofa, it felt like Christmas morning! When I first moved into my shoebox studio apartment in Brooklyn, the last thing on my mind was finding the 'perfect' couch. However, over the years, after cycling through several that did not quite fit the bill, I found myself entering my furnishing era. For the past six months, I have been on a journey to find a modern solution that suits my small apartment (500 Sq ft, to be exact) while being comfortable, unlike most of the tiny home living solutions on the market. I found myself struggling to find my sofa soulmate — until I found Homebody. Homebody is an up and coming furniture destination for homeowners and renters alike looking for trendy pieces that feel as luxurious as they look. The brand's popular modular Luxe Sofa was what caught my eye. The beautiful linen furniture piece in shade Coconut is a fan favorite and now officially editor-approved! (And right now with code IDDESIGNSCO it's 30 percent off). What sold me about the unique find is that it is completely customizable to any size space, even my tiny one-room home. I went with a loveseat style (aka two cushions!) and could not be happier because, surprisingly, the seats are MASSIVE. Going modular means more possibilities and that was essential in my search. The design has an insane depth of 39.5 inches and a back height of 37.5 inches, making it by far one of the deepest and tallest sofas I have ever sat on. I specifically wanted a couch that made curling up possible without feeling cramped or unsupported. My partner, who is 6'2 also had reservations on size capacity, but with the Homebody Luxe Sofa, there has been nothing but comfort. Despite the seemingly deep and tall layout of this sofa, it still fits seamlessly into my compact New York City apartment. So much so that I was even able to accommodate my puppy's crate side by side to it, opening up my space even more, which anyone living in a shoebox knows is a BIG deal. Aside from the obvious aesthetic niceties of the Homebody Luxe Sofa, I was most impressed by the bonus amenities of it. Surprisingly, unlike most models that I have seen, it reclines! Powered by a cordless rechargeable remote, each cushion reclines on command and has three position modes, including Seated, Relaxed, and Zero Gravity. In Zero Gravity mode, you feel literally weightless while reclining at a 155-degree angle, which is meant to place your legs slightly above your heart for maximum postural restoration. Ever since purchasing the Luxe Sofa, I have been reading, working, and watching TV on it on the spot. But don't just take my word for it! Many other shoppers are leaving glowing reviews. One said: 'After persuading my husband, we went for the two seater recliner and he absolutely LOVES it. It's such a treat to watch TV at night and be able to recline, we're kinda amazed every time... There were no issues. 10/10 recommend if you're debating whether to buy one. They regularly have great sales too, which helps!' If you have been looking for a way to bring style into your tiny, barely big enough space without compromising comfort, the Homebody modular Luxe Sofa is 100 percent for you. Make sure you use code IDDESIGNSCO while it's still live to snag 30 percent off!
National Post
02-06-2025
- Business
- National Post
Review: Canadian brand Cozey launches modular sofa bed
Could the Cozey Neptune Sofa-Bed be filling a gap in the Canadian marketplace? It's definitely filling a small corner in my spare bedroom. Article content I've found it particularly challenging to find a sofa bed that can fit in my spare bedroom, as it's a very small space. The Neptune is a modular sofa bed, so you can order a configuration that accommodates your needs. Article content Cozey is known for its modular sofas (we've tried quite a few of the brand's products, from its original modular sofa called the Altus, to the plusher Ciello sofa and the new outdoor dining set). The Montreal-based brand continues to expand to create pieces that can conform and complement spaces of different uses, sizes and styles. Article content Article content The Neptune is unlike any other sofa bed I've tried. Traditionally, a sofa bed is a couch with a heavy, springy mattress folded beneath the seats. The Neptune is a completely different mechanism. The conversion of sofa-to-bed and vice versa may take longer than the traditional style, but it's not arduous and awkward to pull out and fit in. It's a smoother, lighter experience. Article content
Yahoo
27-05-2025
- Business
- Yahoo
Dhabriya Polywood Ltd (BOM:538715) Q4 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dhabriya Polywood Ltd (BOM:538715) reported a healthy year-on-year revenue growth of 15.9% for Q4 FY25, driven by demand across all product segments. The company's EBITDA margin improved by 20 basis points year-on-year to 16.1%, attributed to a better product mix and improved operating efficiencies. Profit after tax grew by 32.3% year-on-year, with the PAT margin increasing by 110 basis points to 8.5%. The company maintains a robust order book exceeding INR 140 crores, providing strong revenue visibility. Dhabriya Polywood Ltd plans a capital expenditure of INR 50 to 60 crores over the next 2 to 3 years, primarily financed through internal accruals, reflecting strong cash generation capabilities. The company faced challenges in achieving its expected revenue growth due to factors like extended rainy seasons and restrictions on construction activities. Despite a strong order book, the company's growth was lower than anticipated, with only an 11% increase in revenue for FY25. The modular furniture segment, although growing, operates at lower margins compared to other segments. Capacity utilization for key segments like PVC profile extrusion and UPVC windows remains relatively low, at 53% and 40% respectively. The company faces competition from both organized and unorganized players in the modular furniture market, which could impact market share and pricing strategies. Warning! GuruFocus has detected 1 Warning Sign with BOM:538715. Q: Can you share the hits and misses for FY25 and your growth outlook for FY26? A: In FY25, we achieved a top line of INR 235 crores, an 11% increase from the previous year. However, we faced challenges such as an extended rainy season and restrictions on construction activities, which impacted our revenue. For FY26, we are optimistic about achieving a 25% year-on-year growth, supported by a strong order book and market penetration efforts. - Mr. Divijay Dhabriya, Chairman and Managing Director. Q: What is the expected capital expenditure for the next few years, and how will it be financed? A: We plan to invest INR 50 to 60 crores over the next 2 to 3 years, primarily for establishing a dedicated manufacturing facility for WPC doors and enhancing capacity at our southern India plants. This investment will be financed largely through internal accruals, reflecting our strong cash generation capabilities. - Mr. Hidesh Agarwal, Chief Financial Officer. Q: What are the current capacity utilization rates, and what are your plans for capacity expansion? A: For FY25, the capacity utilization for PVC profile extrusion was around 53%, and for UPVC windows, it was 40%. We are planning a capital expenditure to enhance capacities, particularly in South India, to support our growth plans. - Mr. Hidesh Agarwal, Chief Financial Officer. Q: How do you plan to compete with unorganized players in the modular furniture segment? A: Our strategy focuses on design and execution capabilities, offering a comprehensive range of products with upgraded designs and patterns. We leverage our organized presence across India, digital availability, and physical infrastructure to differentiate ourselves from unorganized players. - Mr. Divijay Dhabriya, Chairman and Managing Director. Q: What is your guidance on margins and sales growth for the next few years? A: We are confident in maintaining our current margins, supported by our focus on high-margin solutions and stable raw material pricing. We expect sales growth to exceed 20% over the next 3 to 5 years, driven by our expanded product range and market penetration efforts. - Mr. Hidesh Agarwal, Chief Financial Officer. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Reuters
23-05-2025
- Business
- Reuters
Full-Lifestyle Refresh: Ovios Redefines Integrated Indoor-Outdoor Living
LOS ANGELES, CA, May 23, 2025 (EZ Newswire) -- Ovios, the U.S.-based furniture brand reshaping modern home environments, has officially launched a new range of modular, full-scene furniture collections designed to unify indoor comfort with outdoor resilience. Blending timeless design with everyday functionality, the latest offerings reflect Ovios' vision of the home as a fluid, interconnected space—where living rooms, patios, balconies, and garden lounges all speak the same design language. To celebrate this milestone and help customers prepare their homes for the season ahead, Ovios announces its largest Memorial Day campaign to date, with up to 30% off select collections through May 31. The campaign supports family-focused summer living across patios, balconies, and living rooms. Memorial Day marks more than the start of summer—it's a ritual of reconnection. With 46% of Americans celebrating the holiday, many take the opportunity to reimagine their homes for warm-weather hosting and everyday leisure. Ovios meets this seasonal moment with a design philosophy rooted in continuity: homes aren't a patchwork of rooms, but a fluid lifestyle experience. From the interior to the exterior, Ovios collections create cohesive environments tailored to the rhythm of modern life. At the center of this vision is Ovios' commitment to full-scene living. Rather than viewing indoor and outdoor spaces as separate design challenges, the brand offers cohesive solutions that flow across thresholds. Whether it's the relaxed elegance of a living room or the vibrant energy of a garden lounge, Ovios furnishings carry a unified aesthetic—modern yet welcoming, refined yet accessible. A core feature of the Memorial Day campaign is Ovios' integration of form and function. The Cloud Sofa Sectional, a customer favorite, anchors the indoor lineup. Upholstered in ultra-soft corduroy, this modular piece adapts to a wide range of layouts, offering both visual impact and ergonomic comfort. Designed for versatility, the Cloud Sofa Sectional fits effortlessly into city apartments or spacious open-plan homes Outside, Ovios' reputation for durable, stylish outdoor furniture takes center stage with an expanded lineup of weather-resistant outdoor furniture. Crafted from powder-coated, rust-resistant aluminum and wrapped in fade-resistant upholstery, each piece is built to endure the elements without compromising on design. The brand's modular outdoor sofas and fire pit sets are standout options for entertaining larger groups, while its compact patio conversation sets are perfect for balconies, terraces, and smaller urban spaces. Whether you're planning a backyard BBQ or a quiet morning on the porch, Ovios offers scalable solutions for any setting. Striking a Balance Between Flexibility and Design Every Ovios product, indoor or outdoor, is created with real life in mind. Modularity allows for reconfiguration as needs change, while neutral color palettes and sculptural forms ensure visual harmony across environments. The result is a seamless connection between spaces—one that enhances flow, functionality, and aesthetic consistency. By addressing a key pain point for homeowners—the disjointed styling between interiors and exteriors—Ovios positions itself as a leader in holistic design. Where other brands segment categories, Ovios builds a bridge. Shared textures, complementary tones, and thoughtful silhouettes unify collections across the board, helping customers design with intention, not compromise. Ovios' Commitment to Accessibility With pricing ranging from $500 to $3,000, the brand delivers premium-quality furniture without the inflated cost of traditional luxury. This customer-focused approach resonates with those seeking elevated living spaces—allowing more households to invest in stylish, lasting furnishings that enhance both comfort and lifestyle. Sustainability Plays Defining Role in Ovios' Evolution The brand incorporates recyclable materials and eco-conscious practices throughout its production and delivery systems. By prioritizing sustainable craftsmanship, Ovios ensures that each product not only lasts but supports environmentally responsible living. Memorial Day Campaign The Memorial Day campaign reflects this larger shift in Ovios' identity—from outdoor specialist to full-scene lifestyle brand. Visual storytelling highlights real-life moments where Ovios furniture enhances connection and comfort: family brunches on balconies, fire-lit evenings under the stars, and cozy indoor movie nights that blend seamlessly into the backdrop of modern home life. 'Our mission is to help families design spaces that adapt with them—physically, emotionally, and stylistically,' said a spokesperson for Ovios. 'This Memorial Day, we're encouraging people to look at their homes as a whole—not just indoor or outdoor, but a continuous space that reflects how they live, gather, and recharge.' With curated design, practical elegance, and a strong emphasis on modularity, the campaign offers customers the opportunity to transform their homes with purpose and polish. From upgrading a living room with the Cloud Sofa Sectional to styling a patio with weather-resistant patio conversation sets, Ovios makes it easy to refresh the entire home in time for summer. Customers can explore the full Memorial Day sale at opens new tab, where featured indoor and outdoor collections are available for delivery throughout the continental United States, excluding Hawaii and outlying islands. With elevated design, durable materials, and adaptable configurations, Ovios delivers more than furniture—it offers a complete lifestyle refresh. About Ovios Ovios is a U.S.-based furniture brand committed to designing stylish, functional pieces for today's homes. Initially specializing in outdoor furniture, Ovios has grown into a comprehensive home brand, offering cohesive designs that span both indoor and outdoor living spaces. With an emphasis on premium materials, sustainable practices, and timeless aesthetics, Ovios empowers customers to elevate their environments without compromise. For more information, visit Media Contact Ovios Media Relations+1 323-443-1788support@ ### SOURCE: Ovios Copyright 2025 EZ Newswire See release on EZ Newswire
