733
/ 3
Min Read
Wakefit returned to profitability in FY26, posting a net profit of Rs 189.2 crore against a loss of Rs 35 crore in the previous fiscal, aided by strong sales growth and improved operational efficiency.
The D2C sleep and home solutions brand recorded a 16.9 per cent year-on-year rise in revenue from operations to Rs 1,488.9 crore during the fiscal year.
Reported EBITDA, excluding other income, surged 207.9 per cent to Rs 181.9 crore in FY26, while EBITDA margin expanded significantly to 12.2 per cent from 4.6 per cent a year earlier.
For the quarter ended March 31, 2026, revenue from operations increased 13.5 per cent year-on-year to Rs 343.6 crore. The company posted a quarterly PAT of Rs 121.7 crore compared to a loss of Rs 26.2 crore in Q4 FY25. Wakefit noted that both quarterly and annual PAT figures included the impact of deferred tax assets amounting to Rs 98 crore.
Operational EBITDA for FY26 climbed 524.5 per cent to Rs 112.2 crore, with operating EBITDA margin improving to 7.5 per cent from 1.4 per cent in FY25.
The mattress segment remained the company’s largest revenue contributor, accounting for more than 61 per cent of FY26 revenue, followed by furniture at 29.3 per cent and furnishings at 9.3 per cent. Wakefit also witnessed robust traction in offline retail, with revenue from the retail channel growing 49 per cent during the year.
Commenting on the results, Ankit Garg, Chairman, CEO and Executive Director, said: “In FY26 we set a new record in terms of revenue from operations. The mattress segment witnessed healthy momentum with ~17% YoY growth. Furniture category delivered growth of ~24% on a YoY basis. In FY26, our retail channel growth stood at 49%. Multiple external headwinds impacted the second half of the year, weighing on consumer demand and discretionary spending. Despite these challenges, the Company delivered a reasonable performance during the period. In FY27, we are targeting revenue growth driven by the strength of our Mattress portfolio, while improving the reach of our furniture and furnishing business.”
Chaitanya Ramalingegowda, Executive Director, said: “From a macro perspective March 2026 witnessed significant volatility across several raw material categories, with select key inputs such as Polyol and TDI registering price increases in the range of 30% to 160%. The impact of cost inflation was partly mitigated through strong supplier relationships built over the years. Also, we initiated measured pricing actions towards the end of March, with a further round of price increases implemented in April.”
Wakefit continued to strengthen its offline footprint in FY26, taking its total count of company-owned company-operated (COCO) stores to 139 as of March 31, 2026, following the addition of 42 new outlets during the year.
The company also widened its reach across the country by expanding its multi-brand outlet network by 30 per cent to 1,948 stores spanning 536 cities.
Wakefit closed FY26 with investable cash reserves of Rs 958.6 crore and said it will maintain its focus on scaling retail operations, especially across Tier II markets.
Established in 2016, Wakefit Innovations Limited operates in the mattresses, furniture, and home furnishings segments through online as well as offline channels. The company currently runs manufacturing facilities in Karnataka, Tamil Nadu, and Haryana.
