Wakefit Innovations Limited has informed the Exchange regarding a press release dated May 21, 2026, titled "Press Release on Audited Financial Results for the Quarter and financial year ended March 31, 2026".
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Wakefit Innovations Limited reported strong FY26 results with revenue from operations at INR 14,889.4 mn, up 16.9% YoY. Q4FY26 revenue stood at INR 3,436 mn with 13.5% YoY growth. The company turned profitable with FY26 PAT of INR 1,891.8 mn versus a loss of INR 350.0 mn in FY25, though Q4 PAT includes a Deferred Tax Asset of INR 980.7 mn. Operating EBITDA for FY26 grew 524.5% to INR 1,122.6 mn. Mattresses contributed 61.4% of sales, Furniture 29.3%, and Furnishings 9.3%. The company expanded its retail presence to 139 COCO stores and 1,948 MBO stores across 536 cities. However, demand moderated in Q4 due to macroeconomic headwinds, and raw material costs saw significant volatility with Polyol and TDI prices rising 30-160%. The company ended FY26 with INR 9,586 mn in investable cash.
The company demonstrated strong operational turnaround with significant profitability improvement and cash generation. However, the PAT includes a one-time deferred tax benefit, and the company faces headwinds from raw material inflation and moderated consumer demand. The strong balance sheet and retail expansion plans support long-term growth.