Wakefit Q4 FY26 Earnings Call Transcript Released
Wakefit Innovations reported highest ever annual revenue of ₹14,889 million in FY26, up 17% YoY. Q4 FY26 revenue was ₹344 crore, up 13.5%. The company is expanding into adjacent categories and plans to add over 80 stores in FY27. Facing raw material inflation, Wakefit implemented price hikes in March/April.
The transcript provides detailed financial results for FY26 and Q4, strategic updates on expansion and store growth, and insights into managing inflationary pressures. This information is important for investors to assess the company's performance and future outlook.
The announcement is a transcript of an earnings call. While it details financial performance and strategic initiatives, it does not contain new, material, or market-moving information beyond what would typically be discussed in such a call. The company reported growth but also highlighted headwinds like inflation and demand moderation.
Wakefit Innovations Limited has released the transcript of its earnings conference call held on May 22, 2026. The call, which discussed the audited financial results for the quarter and financial year ended March 31, 2026, featured management including Chairman & CEO Ankit Garg, Executive Director Chaitanya Ramalingegowda, and CFO Parul Gupta.
During the call, the company reported its highest ever annual revenue of ₹14,889 million for FY '26, marking a 17% year-on-year growth. The mattress category, contributing 61.4% of FY '26 revenues, grew by 17% annually and 20% in Q4 FY '26. The furniture category contributed 29.3% with a 24% annual growth, and furnishings accounted for 9.3% of revenues.
Management highlighted a strategic expansion into adjacent categories to complement the core portfolio, aiming to become a one-stop destination for home and furnishing solutions. This expansion of the object clause in the MOA has been approved by the Board and is awaiting member approval.
Operationally, retail revenue grew by 49% year-on-year in FY '26. As of March end, Wakefit operated 139 company-owned, company-operated (COCO) stores across 76 cities, with a total retail area of approximately 4 lakh square feet. The company plans to add over 80 stores in FY '27, focusing on Tier 2 locations and underpenetrated regions.
Financially, for Q4 FY '26, revenue from operations stood at ₹344 crores, a 13.5% year-on-year growth, with a gross margin of 56%. The company experienced significant raw material inflation, with price increases ranging from 30% to 150% for certain materials. To mitigate this, Wakefit implemented pricing actions in March and April. EBITDA for the quarter was ₹36 crores (10.6% margin). For the full year FY '26, revenue was ₹1,489 crores (17% growth), with a gross margin of 55.8% and reported EBITDA of ₹182 crores (12.2% margin). Investable cash as of March 31, 2026, was ₹958 crores.
Discussions also covered competitive intensity, demand moderation due to discretionary spending, and the company's strategy to focus on its own D2C channels for better unit economics and customer data acquisition. Management confirmed seeing positive tailwinds in April, with a higher growth rate compared to the previous quarter, but reserved further comments for the Q1 results.
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