Wakefit Innovations reported a 13.5% year-on-year increase in its revenue in Q4 FY26. The company also posted a profit of Rs 121.7 crore, led by deferred tax gain adjustment of Rs 98 crore during the same period.
Wakefit's revenue from operations increased to Rs 344 crore in Q4 FY26 from Rs 303 crore in the corresponding quarter of the previous fiscal year, according to its financial statement sourced from the National Stock Exchange (NSE).
Founded in 2016, Wakefit operates as a direct-to-consumer (D2C) brand offering sleep and home solutions, including mattresses, pillows, furniture, and home improvement products. The sale of these products remained the company's sole source of revenue. It also recorded Rs 17 crore as other income, taking its total income to Rs 361 crore in Q4 FY26.
For the full fiscal year ending March 2026, Wakefit's total revenue rose 17.5% to Rs 1,534 crore from Rs 1,305 crore in FY25.
For Wakefit, the cost of procuring materials accounted for 44.8% of total expenditure and increased by 4.1% to Rs 151 crore in Q4 FY26 from Rs 145 crore in Q4 FY25. Employee benefit expenses stood at Rs 43 crore, while the company's overall expenses remained flat at Rs 337 crore during the quarter.
Wakefit Innovations posted a profit of Rs 122 crore in Q4 FY26, compared to Rs 26 crore in Q4 FY25. However, the Q4 FY26 profit included a one-time deferred tax gain of around Rs 98 crore. Excluding this gain, the company's profit stood at Rs 24 crore during the quarter.
The deferred tax gain also helped the company report a profit of Rs 189 crore in FY26, compared to a loss of Rs 35 crore in FY25. As of March 2025, Wakefit had unabsorbed losses of Rs 313.4 crore.
Importantly, Wakefit's cash flow from operating activities surged 3.2X to Rs 244.5 crore in FY26 from Rs 76.2 crore in FY25. At the close of trading on Thursday, shares of Wakefit were priced at Rs 143.96, giving the company a total market capitalization of Rs 4,706 crore.