Wakefit Innovations Reports Growth in Q4 FY26
Wakefit Innovations has recorded a 13.5% increase in revenue year-on-year for Q4 FY26. The company achieved a profit of Rs 121.7 crore, primarily due to a deferred tax gain adjustment of Rs 98 crore during the same period.
According to the financial statement obtained from the National Stock Exchange (NSE), Wakefit’s revenue from operations rose to Rs 344 crore in Q4 FY26, compared to Rs 303 crore in the same quarter of the previous fiscal year. Established in 2016, Wakefit operates as a direct-to-consumer (D2C) brand providing sleep and home solutions, which include mattresses, pillows, furniture, and various home improvement products. The sale of these items accounted for the company’s entire revenue source. Additionally, it reported other income of Rs 17 crore, resulting in total income of Rs 361 crore for Q4 FY26.
Full Fiscal Year Performance
For the fiscal year ending March 2026, Wakefit’s total revenue climbed by 17.5% to reach Rs 1,534 crore, up from Rs 1,305 crore in FY25. The cost to procure materials comprised 44.8% of total expenditure, which saw an increase of 4.1% to Rs 151 crore in Q4 FY26 from Rs 145 crore in Q4 FY25. Employee benefit expenses amounted to Rs 43 crore, while overall expenses held steady at Rs 337 crore during this quarter.
Profit Analysis
Wakefit Innovations declared a profit of Rs 122 crore in Q4 FY26, a notable rise from Rs 26 crore in Q4 FY25. It is essential to mention that the Q4 FY26 profit included a one-off deferred tax gain of approximately Rs 98 crore. Excluding this gain, the company achieved a profit of Rs 24 crore during the quarter.
The deferred tax gain significantly contributed to Wakefit reporting a profit of Rs 189 crore in FY26, a recovery from a loss of Rs 35 crore in FY25. By March 2025, Wakefit had unabsorbed losses of Rs 313.4 crore. Notably, Wakefit’s cash flow from operating activities surged 3.2X to Rs 244.5 crore in FY26, up from Rs 76.2 crore in FY25.
As trading concluded on Thursday, the shares of Wakefit were valued at Rs 143.96, leading to a total market capitalization of Rs 4,706 crore.