Bengaluru, May 22 : Wakefit Innovations Limited India’s largest and fastest-growing D2C home and furnishing solutions destination, announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting strong revenue growth, significant margin expansion and improved profitability despite a challenging macroeconomic environment.
Strong Revenue and Profit Growth in FY26
For FY26, the company reported revenue from operations of ₹14,889.4 million, registering a 16.9% year-on-year growth compared to ₹12,736.9 million in FY25.
Reported EBITDA (excluding other income) surged 207.9% YoY to ₹1,819.6 million, with EBITDA margins improving to 12.2% from 4.6% in the previous year.
Reported Ind AS EBITDA (including other income) rose 150.3% YoY to ₹2,273.9 million, while Profit After Tax (PAT) stood at ₹1,891.8 million compared to a loss of ₹350 million in FY25. FY26 PAT included the impact of a Deferred Tax Asset charge of ₹980.7 million.
Operating EBITDA for FY26 increased 524.5% YoY to ₹1,122.6 million, with margins expanding to 7.5%.
Q4FY26 Performance Highlights
In Q4FY26, revenue from operations grew 13.5% YoY to ₹3,436 million. Reported EBITDA (excluding other income) rose sharply to ₹364.8 million, while reported Ind AS EBITDA stood at ₹538.5 million.
The company reported PAT of ₹1,217.5 million during the quarter, supported by improved operating performance and deferred tax adjustments.
Wakefit noted that consumer demand moderated during the latter half of Q4FY26 due to macroeconomic headwinds and softer discretionary spending trends.
Mattress and Furniture Segments Drive Growth
The mattress category continued to remain the company’s largest revenue contributor, accounting for 61.4% of FY26 sales and delivering approximately 17% YoY growth. The furniture segment grew around 24% YoY and contributed 29.3% of total sales.
The retail channel also delivered strong momentum, with FY26 retail revenues growing 49% YoY and Q4FY26 retail growth standing at approximately 35%.
Sales through owned channels, including the company’s website and proprietary platforms, contributed 67.2% of FY26 revenues, up from 57% in FY25.
Retail Expansion and Omnichannel Growth
During FY26, Wakefit expanded its retail footprint significantly, ending the year with 139 active COCO stores after adding 42 new stores and closing 8 stores during the period.
The company also expanded its multi-brand outlet (MBO) network by 30%, reaching 1,948 stores across 536 cities.
Wakefit stated that it will continue prioritising store expansion in Tier 2 markets to deepen market penetration and strengthen customer accessibility.
Strong Balance Sheet and Investment Plans
As of March 31, 2026, the company maintained a strong financial position with investable cash reserves of ₹9,586 million.
The Board of Directors has also approved proposed amendments to the company’s Memorandum of Association (MOA) to expand its object clauses and strengthen its integrated home and furnishing offerings while enabling growth into adjacent product categories.
Management Commentary
Commenting on the results, Ankit Garg, Chairman, CEO and Executive Director, said:
“In FY26 we set a new record in terms of revenue from operations. The mattress segment continued to witness healthy momentum, while the furniture category delivered strong growth on a year-on-year basis. Despite macroeconomic headwinds and pressure on discretionary spending, the company delivered a reasonable performance during the year.”
He added that the company remains focused on strengthening its mattress portfolio, expanding furniture and furnishing categories and navigating raw material volatility through calibrated pricing actions and cost optimisation efforts.
Commenting on operational performance, Chaitanya Ramalingegowda said:
“Our balance sheet continues to remain strong with investable cash of ₹9,586 million. Going forward, we intend to prioritise store expansion in Tier 2 towns while continuing to strengthen our omnichannel ecosystem, customer engagement and innovation across categories.”
He also highlighted continued investments in brand building, customer acquisition and omnichannel expansion to drive long-term market share growth.
Long-Term Outlook Remains Positive
Wakefit stated that structural growth drivers such as rising urbanisation, premiumisation trends, increasing online adoption and growing consumer preference for organised branded players continue to support long-term expansion opportunities in India’s home and furniture market.
The company said it remains focused on evolving into an integrated home-focused platform through category expansion, customer retention initiatives and omnichannel growth strategies.