Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26

Bengaluru-based home and sleep solutions company Wakefit has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 9% during the third quarter, while its profit stood at Rs 34 crore.

The company’s revenue from operations increased to Rs 421 crore in Q3 FY26 from Rs 385 crore in the same quarter last year, according to its financial statement sourced from 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.

Other income contributed an additional Rs 11 crore, which drove its total income of Rs 432 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 18% to Rs 1,145 crore from Rs 971 crore a year earlier.

The company’s cost of material accounted for 49 of the total cost. This expense rose 4% to Rs 194.5 crore in Q3 FY26 from Rs 187 crore in Q3 FY25. Its employee benefit expense stood at Rs 43 crore for the quarter. Overall, the company’s total expense remained flat at Rs 397 crore in Q3 FY26 as compared to Rs 395 crore in Q3 FY25.

Wakefit posted a profit of Rs 32 crore in Q3 FY26, as compared to a loss of Rs 2.4 crore in Q3 FY25. On a sequential basis, the company’s profit doubled from Rs 16 crore in Q2 FY26.

Wakefit made a muted debut on the stock exchanges, with its shares listing flat to marginally below the IPO issue price at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price.

Wakefit’s share price is currently trading at Rs 191 (as of 12:20 PM), giving the firm a total market capitalization of Rs 6,249 crore ($689 million).