Wakefit Q2 Profit Flat at Rs 15.89 Crore as Revenue Rises 19.9%

Wakefit Innovations, the Bengaluru-based home and sleep solutions company, reported a net profit of Rs 15.89 crore for the July to September 2026 quarter (Q2 FY27), almost flat from Rs 15.96 crore a year earlier. Revenue from operations rose 19.9% year on year to Rs 452 crore, the highest in any quarter so far, according to the company's results filed with the stock exchanges on November 12, 2026.

Profit before tax rose 66.3% to Rs 26.54 crore, but net profit stayed flat because Wakefit paid no tax in Q2 FY26 and booked a tax expense of Rs 10.65 crore this quarter, including a deferred tax charge of Rs 6.43 crore. Compared with the June quarter, revenue rose 11.6% from Rs 404.9 crore, while net profit fell 32% from Rs 23.38 crore. Wakefit has no subsidiaries, so these are its only reported (standalone) results.

Wakefit Q2 FY27 at a glance

Why Wakefit's profit stayed flat while pre-tax profit jumped

Total expenses rose 19.2% to Rs 441.5 crore. Employee costs rose about 30% to Rs 54.5 crore, and depreciation rose to Rs 31.6 crore from Rs 27.1 crore. The company said in its investor presentation that it started paying tax from Q1 FY27, which is why the tax line was nil a year ago. Wakefit also reported operating EBITDA, its measure that leaves out lease adjustments and ESOP costs, of Rs 30.5 crore, up 25.8% from Rs 24.2 crore, with the margin rising to 6.7% from 6.4%.

The company said the festive sale season began in the second week of October this year, against the last week of September last year, so that festive demand moved into the October to December quarter.

Chaitanya Ramalingegowda on raw material costs

"The operating environment remained challenging during the quarter, with crude-linked raw materials, particularly Polyol and TDI, continuing to remain elevated, with further price increases witnessed in recent months."

Wakefit's store count and spending plan for FY27

Wakefit said it opened 41 company-owned stores in the quarter, taking its network to 205 stores across 137 cities as of September 30, 2026. It is also sold through 2,589 multi-brand outlets in 787 towns and cities. Its own channels brought in about 70% of Q2 sales, the company said.

The company said its planned FY27 capital spending of about Rs 100 crore to Rs 120 crore is on track, with about 80% set aside for retail expansion. Wakefit said it is building its first jumbo store in Bengaluru and is targeting a launch in Q2 FY28.

Where Wakefit stands after Q2 FY27

Wakefit closed the first half of FY27 with revenue of Rs 857 crore, up 18.4%, and net profit of Rs 39.27 crore, up 10.4%. In Q2 its revenue grew 19.9% to a record Rs 452 crore while net profit held at Rs 15.89 crore after a Rs 10.65 crore tax expense. The company said its first jumbo store, in Bengaluru, is targeted for Q2 FY28.

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