In its first financial disclosure since its stock market debut, the Bengaluru-based D2C home solutions giant Wakefit Innovations reported a significant turnaround. On February 10, 2026, the company posted a net profit (PAT) of ₹31.86 crore for the third quarter (Q3) of FY26.
This result marks a dramatic shift from the ₹2.41 crore loss recorded in the same period last year (Q3 FY25) and nearly doubles its sequential profit from the previous quarter.
Q3 FY26 Financial Highlights
The company demonstrated strong operational leverage, with profit growth significantly outpacing revenue growth.
| Metric | Q3 FY26 | vs. Q3 FY25 (YoY) | Change |
| Revenue from Operations | ₹421.34 crore | ₹385.18 crore | +9.4% |
| Net Profit (PAT) | ₹31.86 crore | (₹2.41 crore) | Turnaround |
| Reported EBITDA | ₹70.34 crore | ₹27.25 crore | +158.1% |
| EBITDA Margin | 16.7% | 7.1% | +960 bps |
Key Growth Drivers
1. Category Performance
While mattresses remain the core engine of the company, the “Home” segment (furniture and furnishings) is growing at a much faster clip.
- Mattresses: Contributed 62.3% of sales (up 11.7% YoY).
- Furniture & Furnishings: Now account for over 37% of the business, growing at 35.6% in the September–December period.
2. Omnichannel Expansion
Wakefit’s shift from a pure-play online brand to an omnichannel leader is yielding results:
- Retail Footprint: The company operated 137 active Company-Owned, Company-Operated (COCO) stores as of December 31, 2025.
- Sales Mix: Own channels (website and stores) accounted for 64.5% of sales, while marketplaces like Amazon and Flipkart contributed the remaining 35.5%.
3. Post-IPO Liquidity
Following its successful listing in December 2025, Wakefit’s balance sheet has been significantly bolstered. The company reported investable cash of ₹889 crore, providing a massive war chest for further retail expansion and manufacturing upgrades.
Strategic Leadership Change
Coinciding with the results, Wakefit announced the appointment of Parul Gupta as its new Chief Financial Officer (CFO). Gupta, a former executive at Myntra and Syngene, brings nearly two decades of experience in high-growth digital environments. She succeeds the outgoing leadership to steer the company through its next phase as a public entity.
Market Reaction
Investors cheered the “maiden” earnings report, sending Wakefit shares up over 9% to close at ₹202.70 on the NSE. The stock is currently trading comfortably above its IPO issue price of ₹195, a rare feat for recent high-profile D2C listings in India.
“Early indicators point to a stronger Q4 FY26, with the company targeting mid-to-high teen revenue growth.” — Ankit Garg, CEO & Co-founder.
