SynopsisWakefit reported a significant turnaround in FY26, achieving a net profit of Rs 121.8 crore in Q4 against a loss in the previous year. This surge was partly due to a one-time deferred tax credit. Operating revenue also saw a 15% year-on-year increase, driven by strong mattress sales, despite moderating discretionary spending in the latter half of the quarter.ETtech(L-R) Ankit Garg and Chaitanya Ramalingegowda, founders, WakefitMattress and furniture brand Wakefit reported a net profit of Rs 121.8 crore in the fourth quarter of FY26, against a loss of Rs 26.2 crore reported a year earlier.On a sequential basis, net profit grew 282% from Rs 31.9 crore reported in the December quarter. Notably, the Bengaluru-based company’s net profit surged in the March quarter due to a one-time deferred tax credit of Rs 98.1 crore.Wakefit’s operating revenue for the quarter under review stood at Rs 343.6 crore, up 15% year-on-year (YoY) from Rs 302.6 crore reported a year earlier, driven by mattress sales.“While demand trends normalised at the beginning of the quarter, discretionary spending moderated in the latter half of Q4FY26 due to macroeconomic headwinds, resulting in softer demand,” the company said in a stock exchange filing.Including its other income of Rs 17.3 crore, Wakefit’s total income grew to Rs 360 crore. Meanwhile, the company’s expenses stood at Rs 337.5 crore; cost of materials consumed and employee benefit expenses accounted for the majority of it.For the full fiscal year FY26, Wakefit reported a net profit of Rs 189.2 crore against a net loss of Rs 35 crore in FY25. Its operating revenue grew 17% YoY in FY26 to Rs 1,488.9 crore from Rs 1,273.6 crore.Founded in 2016, Wakefit initially focussed on sleep-related products such as mattresses, pillows, and bed frames, before expanding to a broader home portfolio including sofas, dining sets, wardrobes, study tables, and bookshelves.Wakefit’s shares closed at Rs 142 apiece on National Stock Exchange after dropping by 0.62% on Thursday. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now