Awfis, a leading co-working solutions provider, has announced its expansion into the furniture manufacturing and retail sector. This strategic move marks a significant shift from its traditional focus on co-working spaces, allowing the company to diversify its offerings and enhance profitability.
The decision to enter the furniture business follows shareholder approval to amend the company's Memorandum of Association. By vertically integrating its operations, Awfis aims to reduce costs associated with setting up and furnishing its co-working centres. The in-house production and sourcing of furniture are expected to yield significant cost savings and improve overall operational efficiency.
Apart from catering to its own needs, Awfis plans to offer comprehensive office furniture and furnishing solutions to external clients. The company will now have the capability to produce, import, export, trade, and repair various types of furniture and related items, including carpets, rugs, curtains, blinds, and home decor products. This expansion allows Awfis to tap into a broader market beyond its co-working clientele.
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The amended object clause provides Awfis with flexibility to operate as a manufacturer, retailer, wholesaler, stockist, agent, and service provider for furniture crafted from diverse materials such as wood, steel, plastic, leather, and fibre. Additionally, the company can explore ancillary services, including cleaning, upholstery, packing, and moving, further broadening its business scope.
In Q4 FY25, Awfis reported a remarkable 47% year-on-year increase in revenue, reaching ₹340 crore compared to ₹232 crore in the same quarter last year. Profit surged 8X to ₹11.2 crore during this period. For the full year FY25, the company achieved ₹1,208 crore in revenue with a profit of ₹68 crore, indicating robust financial health.
On July 11, 2025, Awfis share price opened at ₹641.90 on NSE, below the previous close of ₹642.50. During the day, it surged to ₹647.05 and dipped to ₹631.25. The stock is trading at ₹634.00 as of 12:42 PM. The stock registered a decline of 1.32%.
Over the past week, it has moved up by 0.64%, over the past month, it has declined by 1.51%, and over the past 3 months, it has declined by 0.06%.
Awfis's entry into the furniture business represents a strategic diversification aimed at reducing costs and generating new revenue streams. With its recent financial performance demonstrating strong growth, the company is well-positioned to leverage its new capabilities in the furniture sector, enhancing its operational efficiency and market reach.
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Published on: Jul 11, 2025, 2:34 PM IST
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