Wakefit reported a net profit of ₹15.9 crore for the second quarter of fiscal year 2026-27, a figure that remained almost flat compared to the nearly ₹16 crore earned in the same period last year. According to Inc42, the listed mattress brand achieved a record operating revenue of ₹452 crore, marking a nearly 20% increase from the ₹376.9 crore recorded in Q2 FY26. On a sequential basis, the top line also grew by 11.6% from the ₹404.9 crore posted in the preceding quarter.
The company attributed the stagnation in profitability to a challenging operating environment characterized by rising commodity prices and geopolitical disruptions. Chaitanya Ramalingegowda, Wakefit’s cofounder and executive director, stated that crude-linked raw materials, particularly Polyol and TDI, continued to remain elevated. He noted that further price increases were witnessed in recent months, while geopolitical disruptions in West Asia impacted raw material availability and logistics across the industry. Total expenses for the quarter rose 19% to ₹441.4 crore, compared to ₹370.5 crore in the year-ago period.
Revenue composition showed that mattresses contributed 66% of the total income, while furniture, furnishings, and decor accounted for the remaining 38%. Including other income of ₹16 crore, Wakefit’s total income stood at ₹468 crore. The company also incurred additional tax expenses of ₹10.7 crore, including a deferred tax charge of ₹6.4 crore, which was attributable to the reversal of timing differences relating to depreciation and provisions. Operating EBITDA improved to ₹30.5 crore, with the margin rising to 6.7% from 6.4% in the previous year.
Operationally, Wakefit expanded its physical footprint by opening 41 new offline stores, bringing its total company-owned store count to 205 across 137 cities. The brand also maintains a presence across 2,589 multi-brand outlets in 787 towns. Own channels contributed 70% of sales, while external channels accounted for 30%. The company operates a 1.6 lakh sq. ft. mother warehouse in Hosur, along with 10 inventory holding points and 26 delivery points. Wakefit’s planned capital expenditure of ₹100 crore to ₹120 crore for FY27 remains on track, with nearly 80% allocated to retail expansion, including the construction of its first jumbo store in Bengaluru, targeted for launch in Q2 FY28. Shares closed 1.1% lower at ₹138.75 on the BSE.