Wakefit Q1 revenue jumps 17 per cent as profit rises 19 per cent

MUMBAI: Wakefit isn’t just making beds, it appears to be putting its business on firmer footing too. Fresh off its stock market debut, the home furnishings company delivered a strong start to FY27, with double-digit revenue growth and higher profits signalling that consumer demand remains comfortably intact.

Wakefit Innovations Ltd. reported a 16.7 per cent year-on-year increase in revenue from operations to Rs 404.9 crore for the quarter ended 30 June 2026, while net profit rose 18.6 per cent to Rs 23.4 crore, driven by higher sales and improved operating performance. The board approved the unaudited financial results at its meeting held on 6 August 2026.

Total income increased to Rs 420.5 crore, up from Rs 355.6 crore in the corresponding quarter last year. Earnings before finance costs, depreciation, amortisation and tax (EBITDA) stood at Rs 72 crore, compared with Rs 52.8 crore a year earlier, reflecting stronger operating leverage as revenue outpaced costs.

Profit before tax climbed to Rs 36.3 crore from Rs 19.6 crore a year ago. After accounting for a total tax expense of Rs 12.9 crore, the company posted profit after tax of Rs 23.4 crore, compared with Rs 19.7 crore in the year-ago period. Basic earnings per share improved to Rs 0.71 from Rs 0.63.

The quarter also reflected higher investments in operations. Employee benefit expenses rose to Rs 47.4 crore from Rs 37.6 crore, while other expenses increased to Rs 127.3 crore from Rs 111.8 crore. Depreciation and amortisation stood at Rs 28.3 crore, broadly in line with the company’s continued expansion of manufacturing and retail infrastructure.

Material costs remained the largest expense, with cost of materials consumed rising to Rs 181.7 crore from Rs 146.3 crore in the corresponding quarter last year, mirroring higher business volumes. Total expenses before finance costs, depreciation and amortisation increased to Rs 348.5 crore, up from Rs 302.8 crore a year earlier.

Wakefit, which listed on the NSE and BSE in December 2025, said the proceeds from its IPO are being deployed towards strategic initiatives, including expanding its retail network. The company raised Rs 349.2 crore through a fresh issue during the public offering after issue-related expenses.

The Bengaluru-based company continues to operate as a single business segment focused on home furnishings, with no subsidiaries, associates or joint ventures as of 30 June 2026.

The June quarter suggests Wakefit has carried its post-listing momentum into FY27, balancing rapid top-line growth with improved profitability. As competition intensifies across India’s organised furniture and home décor market, sustaining this pace while expanding its offline footprint will be closely watched by investors.