Wakefit Innovations Share Price

Audio recording of earnings conference call for the unaudited financial results for the quarter ended June 30, 2026

• BSE India
• 5 days 3 hours ago

<h3><span style="font-size:16px;"><strong>Furniture & Furnishing company Wakefit Innovations announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c2478508423="">The company reported Revenue from operations of Rs 4,049.11 million in Q1FY27, representing a YoY increase of 16.65% from Rs 3,471.23 million in Q1FY26 and a QoQ growth of 17.84% from Rs 3,436.00 million in Q4FY26.</li> <li _ngcontent-ng-c2478508423="">Total Income for the quarter stood at Rs 4,205.31 million, showing an 18.26% increase YoY compared to Rs 3,555.95 million in Q1FY26 and a 16.50% increase QoQ compared to Rs 3,609.73 million in Q4FY26. For the full year FY26, total income was Rs 15,343.72 million.</li> <li _ngcontent-ng-c2478508423="">Profit before tax (PBT) for Q1FY27 was Rs 363.05 million, marking a YoY growth of 85.08% from Rs 196.16 million in Q1FY26 and a QoQ growth of 53.35% from Rs 236.74 million in Q4FY26.</li> <li _ngcontent-ng-c2478508423="">Profit for the period (PAT) was recorded at Rs 233.82 million in Q1FY27, a YoY increase of 19.20% from Rs 196.16 million in Q1FY26. On a QoQ basis, PAT decreased by 80.79% from Rs 1,217.45 million in Q4FY26 (Note: Q4FY26 profit was significantly higher due to a one-time deferred tax credit of Rs 980.71 million).</li> <li _ngcontent-ng-c2478508423="">Total comprehensive income for Q1FY27 reached Rs 237.26 million, reflecting a YoY growth of 20.28% from Rs 197.26 million in Q1FY26 and a QoQ decrease of 80.63% from Rs 1,225.10 million in Q4FY26.</li> <li _ngcontent-ng-c2478508423="">Earnings per equity share (Basic) for Q1FY27 stood at Rs 0.71, compared to Rs 0.63 in Q1FY26 and Rs 3.70 in Q4FY26.</li> <li _ngcontent-ng-c2478508423="">Paid-up equity share capital (face value of Rs 1 per share) was Rs 331.33 million as of Q1FY27.</li> </ul> <p _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">IPO Proceeds:</strong> The company completed its Initial Public Offer (IPO) and listed on 15th December, 2025. The total proceeds from the fresh issue were Rs 3,491.96 million (net of issue expenses of Rs 279.82 million).</li> <li _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">Subsidiaries:</strong> As of 30th June, 2026, the company reported that it has no subsidiary, associate, or joint venture company(ies).</li> <li _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">Tax Assets:</strong> During the year ended 31st March, 2026, the company recognized a deferred tax asset (net) of Rs 1,034.40 million after reassessing the recoverability of its carry forward losses and unabsorbed depreciation.</li> <li _ngcontent-ng-c2478508423=""><strong _ngcontent-ng-c2478508423="">Management Structure:</strong> The Board meeting was held on 6th August, 2026, chaired by Ankit Garg, Chairperson, CEO, and Executive Director.</li> </ul> <p><strong>Ankit Garg, Chairman, CEO & Executive Director, said:</strong> “We are pleased to begin FY27 on a strong note, delivering Revenue from Operations of INR 4,049.1 million, up 16.6% YoY. Reported EBITDA (excluding Other Income) increased to Rs 564.0 million, with the EBITDA margin improving to 13.9%. Profit Before Tax rose to INR 363.1 million, an increase of 85.1% YoY, while Profit After Tax for the quarter stood at Rs 233.8 million, registering a YoY increase of 19.2%. Repeat customers contributed 36.7% of our revenue during the quarter, reflecting the strength of our customer relationships and the trust we have built across our product categories.</p> <p>Our mattress business continued to deliver strong momentum, growing 27.3% YoY. As we continue to expand our offline footprint, we see significant opportunities to drive cross-selling across mattresses, furniture and furnishings. While mattresses will remain our stable growth and cash-generation engine, we expect the contribution from furniture and furnishing to increase meaningfully over the next three to four years, expanding our addressable market and enhancing customer lifetime value.</p> <p>I would like to express my sincere appreciation to the entire Wakefit team for their commitment and relentless execution, which have been instrumental in delivering another strong quarter. Their dedication and hard work continue to be the driving force behind our long-term growth and success.”</p> <p><strong>Chaitanya Ramalingegowda, Executive Director, said:</strong> “The quarter was marked by significant volatility in raw material prices following the Middle East situation, particularly across key mattress category inputs such as Polyol and TDI. The Middle East situation also impacted supply chain costs across the other categories. We responded through calibrated pricing actions to mitigate the impact of higher input costs while continuing to execute on our strategic priorities. The full impact of increased raw material cost will reflect in H1FY’27.</p> <p>Our retail expansion strategy continued to make strong progress during the quarter, with the addition of 27 COCO stores, taking our network to 165 active stores, compared to 42 store additions during the entire FY26. Our MBO network also expanded to 2,250 stores across 701 cities, further strengthening our reach and enhancing customer accessibility. We remain on track to add nearly 80 COCO stores during FY27. Our expanding retail footprint is enhancing brand salience and customer confidence, encouraging greater engagement across channels and supporting online purchases.</p> <p>Our planned FY27 capex of around Rs 1,000-1,200 million 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. These investments will support the next phase of our retail expansion while further strengthening our manufacturing capabilities.</p> <p>Looking ahead, we remain focused on the disciplined execution of our expansion strategy, positioning us well to continue investing in long-term growth and further strengthening our presence across mattresses, furniture, and furnishings.”</p> <p><a class="lb" href="/get-document/post/pdf/5770140/" target="_blank">Result PDF</a></p>

• Trendlyne
• 5 days 3 hours ago

Newspaper Advertisement pertaining to unaudited financial results of the Company for the quarter ended June 30, 2026.

• BSE India
• 5 days 3 hours ago