The mattress maker's profit increased 19% YoY to ₹19.6 Cr but plunged 81% sequentially from ₹121.7 Cr.
Operating revenue for the quarter increased 17% YoY and 18% QoQ to ₹404.9 Cr.
Tax expenses for the quarter stood at ₹12.9 Cr as against a deferred tax credit of ₹98.1 Cr the company received in the previous quarter.
Mattress maker Wakefit
saw its net profit for the June quarter (Q1 FY27) increase 19% to ₹23.4 Cr from ₹19.6 Cr in the year-ago quarter. The metric, however, declined 81% sequentially from ₹121.7 Cr.
Operating revenue for the quarter increased 17% YoY and 18% QoQ to ₹404.9 Cr. While mattresses brought in 66% of revenue, furniture and furnishings raked in the remaining 34%.
Total income stood at ₹420.5 Cr, including other income of ₹15.6 Cr. Total expenses for the quarter rose 14% YoY to ₹384.2 Cr. Meanwhile, tax expenses for the quarter stood at ₹12.9 Cr as against a deferred tax credit of ₹98.1 Cr received in Q4 FY26.
Operating EBITDA rose 50% YoY to ₹36.8 Cr, while margin improved to 9.1% from 7.1% in the year-ago quarter.
Wakefit’s retail channel grew 21% YoY during the quarter under review, while the company added 27 new stores. The tally of company-owned and company-operated stores rose to 165 stores from 138 a quarter ago.
As per executive director Chaitanya Ramalingegowda, the company’s retail expansion is on track to add nearly 80 COCO stores during FY27.
“This expanding retail footprint is enhancing brand salience and customer confidence, encouraging greater engagement across channels and supporting online purchases. Our planned FY27 capex of around ₹100-120 Cr remains on track, with approximately 80% allocated towards retail expansion, particularly our jumbo store format, and the remaining 20% towards manufacturing automation and other regular business upgrades,” he said.
Source: Inc42 - Startups
