Wakefit Innovations Announces FY26 Results, Reports 16.9% Revenue Growth

Wakefit Innovations Announces FY26 Results, Reports 16.9% Revenue Growth​

Wakefit Innovations Limited, India’s D2C home and furnishing solutions provider, announced its audited financial results for the quarter and financial year ended March 31, 2026. The company provided key updates on its financial performance, operational metrics, and future growth strategies.

Financial Results for Q4FY26 and FY26​

The financial results highlight the company’s revenue growth and profitability across both the quarterly and full-year periods.

For the quarter and year ended March 31, 2026, key financial metrics (in INR mn) were as follows:


Operating EBITDA for Q4FY26 was 218.0 mn, representing EBITDA before considering Ind AS116 adjustments (lease), ESOP charges and other non-operating or one time income & expenses. The Profit After Tax for FY26 was 1,891.8 mn.

Operational and Channel Performance​

Operationally, the company’s sales mix showed that Mattresses constituted 61.7% of revenue in Q4FY26 and 61.4% in FY26. Furniture and Furnishings accounted for 30.1% and 29.3% respectively.

In terms of sales channels, the sales mix for Q4FY26 showed Own Channels contributing 75.5% and External channels contributing 24.5%. For the full year FY26, Own Channels accounted for 67.2% of the revenue, with External channels contributing 32.8%.

The company noted robust retail channel growth, posting 35% growth in Q4FY26 and 49% growth in FY26.

Regarding investment and expansion, the company reported that as of March 31, 2026, it had 139 active COCO stores. During the year, it added 42 new stores and closed 8 stores. Furthermore, the company reported having 1,948 MBO stores across 536 cities.

For financial health, the company reported that the net cashflow generated from operating activities for FY26 stood at INR 2,445 mn. As of March 31, 2026, the company maintained an investable cash balance of INR 9,586 mn.

Management Commentary and Outlook​

Management highlighted the strong momentum across key categories. Mr. Ankit Garg, Chairman, CEO and Executive Director, stated that the mattress segment saw healthy momentum with approximately 17% Year-on-Year (YoY) growth in FY26, while the furniture category grew by about 24% YoY. He noted that the Retail Channel growth for FY26 stood at 49%.

The management addressed market volatility, citing that external headwinds impacted the second half of the year, weighing on consumer demand and discretionary spending. Despite this, the company reported a reasonable performance. Looking ahead, the company plans to target revenue growth driven by the strength of its Mattress portfolio and by improving the reach of its furniture and furnishing business.

Mr. Chaitanya Ramalingegowda, Executive Director, added that from a macroeconomic standpoint, March 2026 saw volatility in raw material costs, with inputs such as Polyol and TDI registering price increases between 30% and 160%.

The company reinforced its commitment to expanding its reach, noting that its owned channels contributed over 67.2% of total revenues in FY26, compared to 57.0% in FY25. The leadership also stated that the long term opportunity in the Indian home and furniture market remains intact, supported by structural growth drivers like rising urbanization and increasing online adoption. The company intends to prioritize store expansion in Tier 2 towns to deepen its geographic reach.

WAKEFIT Stock Price Movement​

Wakefit Innovations Limited shares slipped 0.62% on Thursday, dropping ₹0.88 per share as the equity settled significantly lower from previous levels. The stock saw substantial selling pressure, with investors trading a volume of 2.85 million shares during the session.