Results · Commerce & Consumer Brands

Wakefit posts 19% profit jump in Q1 FY27

By Startup Enthusiast · 6 August 2026

What they do

Wakefit makes mattresses, pillows, furniture and home furnishings

It reported a net profit of Rs 23.3 crore for Q1 FY27, up 19% year-on-year from Rs 19.6 crore in Q1 FY26

The company plans to add about 80 company-owned stores this fiscal year

Wakefit reported a net profit of Rs 23.3 crore for the first quarter of FY27.
Profit rose 19% year-on-year from Rs 19.6 crore in Q1 FY26.
Operating revenue was Rs 405 crore, up 17% YoY from Rs 347 crore.
Sequentially, net profit fell 81% from Rs 121.7 crore in Q4 FY26.
Total expenses were Rs 384.2 crore, up 14% YoY.
Operating EBITDA was Rs 36.8 crore, up 50% YoY, with margin improving to 9.1% from 7.1%.
Gross margin rose to 57.1% from 55.8% a year ago, helped by price hikes.

The gross margin uptick came from price hikes to offset raw material cost increases from Middle East supply disruptions.
Mattress revenue grew 27.3% YoY and contributed 66% of total revenue.
The company added 27 new stores in Q1, taking its total company-owned stores to 165.

Wakefit started in 2016 with sleep products like mattresses, pillows and bed frames.
It has expanded into home furnishings including sofas, dining sets, wardrobes, study tables and bookshelves.
Mattresses are the largest revenue driver, accounting for 66% of revenue.
Furniture and furnishings make up the remaining 34% of revenue.
The retail channel grew 21% YoY.
The company operates 165 company-owned, company-operated (COCO) stores.

Wakefit is on track to add about 80 company-owned stores in FY27.
The company plans a capex of Rs 100-120 crore for FY27.
About 80% of the capex will go towards retail expansion, especially jumbo store formats.
The remaining 20% will be used for manufacturing automation and upgrades.