Wakefit Innovations
Wakefit Innovations operates its own manufacturing facilities, selling mattresses, furniture, furnishings, and decor via its own website and company-owned stores.
- Public company
- Bengaluru, KA, INIndia
Wakefit Innovations operates its own manufacturing facilities, selling mattresses, furniture, furnishings, and decor via its own website and company-owned stores.
Wakefit reports that rising crude oil-linked input costs are squeezing its margins and near-term profitability, despite recent price increases. The company attributes the pressure to global oil price disruptions caused by the Iran war, affecting consumer businesses beyond fuel-dependent sectors. Shares in Wakefit have dropped by 7% following the announcement.
May 2026mintNews article
Wakefit Innovations reports **14% revenue growth** to **₹343.6 crore** in Q4 FY26, driven by mattresses, furniture, and retail expansion. The company achieves profitability with a **₹121.8 crore profit after tax**, reversing a **₹26.2 crore loss** in the same quarter last year. EBITDA surges to **₹36.5 crore**, marking strong operational performance.
May 2026Free Press JournalNews article
Wakefit Innovations Ltd lists its shares flat on the National Stock Exchange (NSE) on December 15, 2025, despite strong initial demand. The Rs 1,289-crore IPO received over two times subscription on its final day, with bids for 91.67 million shares against 36.35 million shares on offer. The home and furnishings company’s stock opens without immediate gains, reflecting muted investor reaction post-listing.
Dec 2025India TV NewsNews article
Wakefit achieves ₹1,000 crore in annual revenue while restoring EBITDA profitability. The company, founded by Ankit Garg and co-founded by Chaitanya Ramalingegowda, operates an online mattress and home furniture marketplace. Leadership includes Chief Technology Officer Yash Dayal.
Sep 2024business-standard.comNews article