Wakefit Innovations Ltd Reports Impressive Q2 Growth
Wakefit Innovations Ltd, a Bengaluru-based provider of home and sleep solutions, has announced a remarkable 19.9% increase in revenue year-on-year for the second quarter of FY27. The profit before tax (PBT) has experienced a significant rise of 66.3%, reaching Rs 26.54 crore, up from Rs 16 crore in Q2 FY26.
Financial Performance Overview
The company’s revenue from operations has climbed 19.9%, totalling Rs 452 crore in Q2 FY27, compared to Rs 377 crore in the same quarter the previous year. This data has been sourced from the financial statement posted on the National Stock Exchange (NSE).
Company Background
Founded by Ankit Garg and Chaitanya Ramalingegowda, Wakefit offers a range of products including mattresses, pillows, furniture, and various home furnishings, available via its online platform and physical retail locations.
Income and Expenditure Details
In addition to its primary revenue, Wakefit recorded Rs 16 crore in other income, bringing its total income to Rs 468 crore in Q2 FY27, up from Rs 386.5 crore in the same period last year.
Expense Breakdown
The cost of materials consumed constituted 47.1% of Wakefit’s total expenses. This expense saw a 30.8% rise, reaching Rs 208 crore in Q2 FY27. Additionally, employee benefit expenses increased by 29.8%, amounting to Rs 54.5 crore for the quarter, compared to Rs 42 crore in Q2 FY26. Depreciation and amortisation costs rose by 17% to Rs 31.6 crore from Rs 27 crore.
Other expenses also saw a growth of 3.4%, climbing to Rs 147.4 crore in Q2 FY27 from Rs 142.5 crore in the same quarter last year. Altogether, Wakefit’s total expenses surged by 19.2% to Rs 441.5 crore from Rs 370.5 crore in Q2 FY26.
Summary of Results
At the bottom line, Wakefit’s profit before tax soared by 66.3% to Rs 26.54 crore in Q2 FY27, up from Rs 15.96 crore in Q2 FY26. For the first half of FY27 (H1 FY27), the company reported an 18.4% growth in revenue from operations, achieving Rs 857 crore compared to Rs 724 crore in H1 FY26. The net profit for this period also increased by 10.4%, reaching Rs 39.27 crore, up from Rs 35.57 crore last year.