Results · Commerce & Consumer Brands

Wakefit posts first full year profit after losses

What they do

Wakefit sells mattresses, pillows, and furniture through its own stores and online channels

The company reported Rs 189.2 Cr profit for FY26, reversing a Rs 35 Cr loss in the previous year

Profit included a Rs 98.1 Cr tax benefit; core earnings were approximately Rs 24 Cr for the quarter

Wakefit Innovations posted a Rs 189.2 Cr profit for FY26 compared to a Rs 35 Cr loss in FY25.
Fourth quarter FY26 profit was Rs 121.7-121.8 Cr, reversing a Rs 26.2 Cr loss from the same period last year.
A significant Rs 98.1 Cr deferred tax asset gain contributed heavily to the Q4 FY26 results.
Excluding this one-time tax benefit, the company's core quarterly profit was approximately Rs 23.5-24 Cr.
Operating revenue grew 16.9% year-on-year to reach Rs 1,488.9 Cr for the full fiscal year.
Q4 operating revenue increased by 13.5-14% to Rs 343.6 Cr from Rs 302.6 Cr in the prior year.
The company expanded its physical footprint with 139 CoCo stores up from 105 outlets previously.
It also operates 1,948 multi-brand outlets across 536 cities to distribute its products.

This marks the first full-year profitability for the D2C furniture brand since its inception.
The turnaround signals improved operational efficiency despite rising raw material costs like polyol and TDI.
Strong gross margins of 55.8% indicate effective pricing power and cost management strategies.

Wakefit is a direct-to-consumer brand selling mattresses, pillows, and home improvement products.
Mattresses remain the primary revenue driver, contributing Rs 913.9 Cr or 61.7% of segment revenue.
Furniture sales grew 24% to Rs 435.8 Cr, showing strong diversification beyond bedding.
Furnishings revenue remained flat at Rs 139.3 Cr against Rs 140.6 Cr in the previous year.
Total sales volume reached 29.3 lakh units, up from 26 lakh units in FY25.
75.5% of Q4 revenue came from own channels while 24.5% came from external distribution.
Marketing spend was controlled at approximately 7.3% of revenue during the fourth quarter.
The board approved amendments to expand its scope as a comprehensive home and furnishing solution provider.

The company plans to prioritize store expansion specifically in tier II towns.
Management targets revenue growth in FY27 by strengthening mattress sales.
Improvement in reach for furniture and furnishings segments is a stated strategic goal.