NSE: WAKEFIT · BSE: 544642
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mattresses (61%), Furniture (29%), Furnishings (9%). Omnichannel consumer-durables retailer of branded mattresses, furniture and furnishings; asset-light own stores plus a large third-party MBO network.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 1,489 |
| EBITDA (ex other income) | 178 |
| margin % | 12.0 |
| Owners' profit | 189 |
| EPS, as reported (₹) | 6.03 |
| ROE % · ROCE % | 16.7 · 8.9 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 245 |
| Capex | (30) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 421 | 344 | 405 |
| Profit before tax | 32 | 24 | 36 |
| Net profit | 32 | 122 | 23 |
| EPS (₹) | 1.01 | 3.70 | 0.71 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SHEELA FOAM LIMITED | 6,169 | 28.8 | 1.89 | 15.5 | 4.9 | 5.0 | 9.4 | 12.7 |
| WAKEFIT INNOVATIONS LTD ◆ | 4,567 | 25.4 | 4.04 | — | 16.7 | 6.8 | — | 17.8 |
| RESPONSIVE INDUSTRIES LTD | 3,946 | 39.0 | 2.53 | 16.4 | 9.5 | 9.2 | 13.0 | 13.1 |
| EURO PRATIK SALES LIMITED | 1,706 | 19.8 | 5.32 | 15.0 | 24.1 | 31.2 | — | 28.2 |
| STANLEY LIFESTYLES LTD | 728 | 179.3 | 1.54 | 7.4 | 2.8 | 2.3 | — | 23.0 |
| HARDWYN INDIA LIMITED | 446 | 35.1 | 1.10 | 20.7 | 3.3 | 4.6 | — | 13.1 |
| AHLADA ENGINEERS LIMITED | 44 | — | 0.32 | — | 0.1 | 0.2 | — | 13.8 |
| PRITI INTERNATIONAL LTD | 39 | 50.4 | 0.54 | — | 1.2 | 1.7 | — | 8.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.4 | 35.1 | 2 of 7 | 83% |
| P/B | 4.0 | 1.7 | 7 of 8 | 14% |
| ROCE | 6.8 | 4.8 | 3 of 8 | 71% |
| ROE | 16.7 | 4.1 | 2 of 8 | 86% |
| Debt / Equity | 0.0 | 0.0 | 1 of 8 | 86% |
| EBITDA margin | 17.8 | 13.5 | 3 of 8 | 71% |
| Market cap | 4567 | 1217 | 2 of 8 | 86% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Reg 74(5) certificate for Q2 FY26 filed - no demat or remat requests | compliance | minimal | — | — |
| 30 Sept 2026 · Wakefit HR head resigns, new CHRO Suman Yadav appointed | management changes | medium | — | — |
| 28 Sept 2026 · Wakefit grants 2.25 lakh ESOPs at Re 1 exercise price under ESOP 2019 | capital market events | low | — | — |
| 24 Sept 2026 · Wakefit: Senior Manager Legal Kunal Chandel resigns | management changes | low | — | — |
| 24 Sept 2026 · Trading Window Closed Ahead of Q2 FY27 Results | compliance | minimal | — | — |
| 24 Sept 2026 · Wakefit Innovations: Senior Manager Legal resigns to pursue external opportunity | management changes | medium | — | — |
| 9 Sept 2026 · Wakefit Innovations 10th AGM: All 3 resolutions approved overwhelmingly | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Wakefit 10th AGM: FY26 revenue Rs 1,489 Cr, PAT Rs 91 Cr, 3 resolutions | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Wakefit to meet analysts and institutional investors on September 11, 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Wakefit to attend Axis Capital investor meet in Mumbai on Sep 10, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.