Wakefit Q3FY26 Revenue Up 9.4% to ₹4,213 Cr; PAT Turns Positive
Wakefit Innovations reported Q3FY26 revenue of ₹4,213.4 Cr, up 9.4% YoY. PAT turned positive at ₹318.6 Cr from a loss of ₹24.1 Cr in Q3FY25. Operating EBITDA surged 422.7% to ₹416.4 Cr. The company raised ₹12,889 Mn via IPO in Dec 2025. Ms. Parul Gupta appointed CFO from Feb 10, 2026.
The strong financial performance, positive PAT turnaround, successful IPO completion, and strategic appointment of a CFO are material events that are likely to have a significant impact on the company's stock performance and investor perception.
The company reported significant year-on-year growth in revenue and EBITDA, turning profitable in Q3FY26 after a loss in the previous year. The successful IPO and appointment of a new CFO also contribute to positive sentiment.
Wakefit Innovations Limited announced its unaudited Financial Results for the third quarter and nine months ended December 31, 2025. The company reported a revenue from operations of ₹4,213.4 crore for Q3FY26, a 9.4% increase year-on-year from ₹3,851.8 crore in Q3FY25. Reported EBITDA (excluding other income) saw a significant jump of 195.9% to ₹591.8 crore, with margins improving to 14.0% from 5.2% in the prior year.
The company achieved a Profit After Tax (PAT) of ₹318.6 crore for Q3FY26, a substantial turnaround from a loss of ₹24.1 crore in Q3FY25. Operating EBITDA also surged by 422.7% to ₹416.4 crore, with margins expanding to 9.9% from 2.1% year-on-year.
For the nine months ended December 31, 2025 (9MFY26), Wakefit's revenue from operations grew by 17.9% to ₹11,453.4 crore. Reported EBITDA (excluding other income) increased by 173.9% to ₹1,454.8 crore, and PAT was ₹674.3 crore, compared to a loss of ₹88.1 crore in 9MFY25. Operating EBITDA for 9MFY26 was ₹933.1 crore, up 339.9% year-on-year.
Key operational highlights include the highest-ever quarterly and nine-monthly performance. The sales mix for Q3FY26 comprised Mattresses (62.3%), Furniture (28.7%), and Furnishings (9.0%). Sales through Own Channels accounted for 64.5% and External Channels for 35.5%.
Despite a YoY shift in festive demand and temporary consumption pattern changes due to GST norms, the company reported approximately 14% growth in the Sep-Dec'25 period. Gross Profit (GP) margin for Q3FY26 saw a 230 bps improvement compared to Q3 FY25, despite seasonal offers and discounts. The company expects marketing spends to normalize to historical averages of 8-9% of sales over the medium term.
In recent updates, Wakefit completed its listing on NSE and BSE in December 2025, raising a total of ₹12,889 million, including ₹3,772 million from the primary issue. As of December 31, 2025, the company had ₹8,891.8 million in investable cash.
The Board approved the appointment of Ms. Parul Gupta as Chief Financial Officer (KMP) effective February 10, 2026, replacing Mr. Navesh Gupta, who resigned with his last working day being December 31, 2025.
Commenting on the results, Mr. Ankit Garg, Chairman, CEO and Executive Director, highlighted the momentous quarter marked by the company's listing and significant balance sheet strengthening. He noted the standout performance in Q3FY26 with topline growth and a threefold increase in EBITDA, translating into positive PAT. He anticipates mid to high teen revenue growth and continued improvement in Operating EBITDA margin for Q4FY26.
Mr. Chaitanya Ramalingegowda, Executive Director, emphasized leveraging own channels for growth, with the core mattress business growing steadily and furniture and furnishing categories showing significant growth. He also mentioned the expansion of the retail network with 137 active COCO stores.
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