WAKEFIT INNOVATIONS LTD

Sells mattresses, furniture, and home furnishings to Indian consumers through a direct-to-consumer website, a chain of company-owned-and-operated (COCO) stores, and a network of multi-brand outlets (MBOs). Mattresses are the largest category at 61.4% of FY26 revenue, followed by furniture at 29.3% and furnishings at 9.3%. The retail business grew 49% year-on-year in FY26, supported by 139 COCO stores spread across 76 cities (around 4 lakh sq ft of total area) and 1,948 MBOs spread across 536 towns; own channels (website plus COCO) accounted for 67.2% of annual sales. FY26 revenue was INR1,489 crore, up 17% year-on-year, with a 55.8% gross margin and 12.2% EBITDA margin (excluding other income). Materials are the dominant cost at 42.8% of revenue, and in early 2026 inputs like polyol and TDI rose 30-160%, prompting two price increases of 7-8% each (about 15% total) in March and April. The company ended FY26 with INR958 crore of cash, plans to add 80-plus net new COCO stores in FY27 with capex of INR120-140 crore, and will open its first large-format "Jumbo" store of 100,000-plus sq ft in early FY28.