Wakefit Innovations Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The company achieved a record quarterly revenue of INR 4,519.9 million, a 19.9% year-on-year increase. For the half year, revenue reached a record INR 8,569.0 million, up 18.4% YoY. The company also highlighted significant growth in EBITDA and profit before tax, alongside operational achievements like crossing 200 store milestones.
Wakefit Achieves Record Financial Performance
Wakefit Innovations Limited has announced its financial results for the quarter and half year ended September 30, 2026, showcasing significant growth and record-breaking performance. The company reported its highest-ever quarterly revenue from operations at INR 4,519.9 million for the second quarter of Fiscal Year 2027 (Q2 FY27), marking a substantial 19.9% increase compared to the same period last year.
Half-Yearly Results and Key Financials
This strong quarterly performance contributed to a record revenue of INR 8,569.0 million for the first half of Fiscal Year 2027 (H1 FY27), representing an 18.4% year-on-year growth. The company also saw a notable increase in its reported EBITDA (excluding other income), which stood at INR 501.5 million for Q2 FY27, up 21.5% YoY, with an EBITDA margin of 11.1%. Profit Before Tax increased by 66.3% YoY to INR 265.4 million.
Profit After Tax (PAT) for Q2 FY27 stood at INR 158.9 million. Excluding the impact of deferred tax, PAT for Q2 FY27 was INR 223.2 million, a growth of 39.9% YoY. For H1 FY27, PAT excluding deferred tax was INR 530.0 million, up 49.0% YoY.
Operational Highlights and Expansion
Operationally, Wakefit crossed the milestone of 205 COCO stores as of September 30, 2026, having opened 41 new stores in Q2 FY27. The company also expanded its MBO network to 2,589 stores. In terms of sales mix, mattresses constituted 61.8% of revenue in Q2 FY27, while furniture accounted for 30.1%. The company also noted that repeat customers contributed 32.4% of revenue in the quarter.
Mr. Ankit Garg, Chairman, CEO and Executive Director, commented, “We are pleased to report our highest-ever quarterly Revenue from Operations of INR 4,519.9 mn in Q2 FY27, registering a growth of 19.9% YoY.” He also noted that the festive sale season shifting to Q3 impacted the Q2 YoY comparison, expecting H1 performance combined with Q3 to better reflect business momentum.
Mr. Chaitanya Ramalingegowda, Executive Director, highlighted the challenging operating environment due to raw material price increases and geopolitical disruptions. Despite this, Wakefit’s retail expansion continued, with plans for a new jumbo store format in Bengaluru targeting launch in Q2′ FY28. Capex of INR 1,000-1,200 million for FY27 is on track, with 80% allocated towards retail expansion.
Source: BSE
