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The Economic Times
The Economic Times
Technology

Wakefit reports Rs 23 crore net profit in Q1, revenue up 17%

Mattress and furniture brand Wakefit reported operating revenue of Rs 405 crore in the April-June quarter of FY27, up 16.6% year-on-year (YoY) from Rs 347 crore a year earlier, with mattresses continuing to be its largest revenue driver. Net profit rose 19% YoY to Rs 23.3 crore in the quarter, compared with Rs 19 crore in the corresponding period last year.

“Our mattress business continued to deliver strong momentum, growing 27.3% YoY. As we continue to expand our offline footprint, we see significant opportunities to drive cross-selling across mattresses, furniture and furnishings,” said Ankit Garg, Chairman and CEO of the company in a stock exchange filing.

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