Mattress and furniture brand Wakefit clocked a net profit of Rs 31.86 crore in the third quarter of FY26, up from a net loss of Rs 2.4 crore in the year-ago period.
Its operational revenue rose 9.4% to Rs 421.3 crore in Q3 from Rs 385 crore in the same period last year, and expenses rose marginally to Rs 396.7 crore from Rs 394.8 crore.
This was Wakefit’s first reported quarterly result since listing on the stock exchanges on December 15 last year.
“During Q3FY26, the company delivered a standout performance, achieving topline growth of 9.4% despite a shift in festive sales compared to last year and temporary shift in purchasing pattern due to unchanged GST norms for the major categories,” said Ankit Garg, CEO, Wakefit, in a statement.
Since the GST (goods and service tax) changes rolled out last September did not touch the categories Wakefit is present in — which remained unchanged at 18% — “Q3FY26 demand was marginally impacted due to temporary consumption shifts toward categories benefiting from GST reductions,” the company said.
Founded in 2016, Wakefit initially focussed on sleep-related products such as mattresses, pillows, and bed frames, before expanding to a broader home portfolio including sofas, dining sets, wardrobes, study tables, and bookshelves. However, mattresses comprise about 60% of its revenues. In the December quarter, mattresses comprised 62.3% of the total sales, followed by furniture (28.7%), and furnishings (9%).
For the direct-to-consumer (D2C) brand, 64.5% of its Q3 sales came from its own channels and about 35.5% came from external channels like marketplaces.
The company also informed SEBI in a filing that it had appointed Parul Gupta as its new chief financial officer.
Wakefit’s shares rose 9.14% to close at Rs 202.7 on National Stock Exchange on Tuesday, after the results were announced.
Its operational revenue rose 9.4% to Rs 421.3 crore in Q3 from Rs 385 crore in the same period last year, and expenses rose marginally to Rs 396.7 crore from Rs 394.8 crore.
This was Wakefit’s first reported quarterly result since listing on the stock exchanges on December 15 last year.
“During Q3FY26, the company delivered a standout performance, achieving topline growth of 9.4% despite a shift in festive sales compared to last year and temporary shift in purchasing pattern due to unchanged GST norms for the major categories,” said Ankit Garg, CEO, Wakefit, in a statement.
Since the GST (goods and service tax) changes rolled out last September did not touch the categories Wakefit is present in — which remained unchanged at 18% — “Q3FY26 demand was marginally impacted due to temporary consumption shifts toward categories benefiting from GST reductions,” the company said.
Founded in 2016, Wakefit initially focussed on sleep-related products such as mattresses, pillows, and bed frames, before expanding to a broader home portfolio including sofas, dining sets, wardrobes, study tables, and bookshelves. However, mattresses comprise about 60% of its revenues. In the December quarter, mattresses comprised 62.3% of the total sales, followed by furniture (28.7%), and furnishings (9%).
For the direct-to-consumer (D2C) brand, 64.5% of its Q3 sales came from its own channels and about 35.5% came from external channels like marketplaces.
The company also informed SEBI in a filing that it had appointed Parul Gupta as its new chief financial officer.
Wakefit’s shares rose 9.14% to close at Rs 202.7 on National Stock Exchange on Tuesday, after the results were announced.
