Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd reported a 19.9% year-on-year increase in its revenue during the second quarter of FY27, while its profit before tax (PBT) surged 66.3% to Rs 26.54 crore from Rs 16 crore in Q2 FY26.
The company's revenue from operations increased 19.9% to Rs 452 crore in Q2 FY27 from Rs 377 crore in Q2 FY26, according to its financial statement sourced from the National Stock Exchange (NSE).
Founded by Ankit Garg and Chaitanya Ramalingegowda, Wakefit offers mattresses, pillows, furniture, and other home furnishing products through its online platform and offline retail stores.
The company also recorded Rs 16 crore in other income, taking its total income to Rs 468 crore in Q2 FY27 from Rs 386.5 crore in the corresponding quarter last year.
On the expense front, the cost of materials consumed accounted for 47.1% of Wakefit's total expenses. This cost increased 30.8% to Rs 208 crore in Q2 FY27 while employee benefit expenses rose 29.8% to Rs 54.5 crore during the quarter from Rs 42 crore in Q2 FY26, while depreciation and amortisation expenses increased 17% to Rs 31.6 crore from Rs 27 crore.
Other expenses grew 3.4% to Rs 147.4 crore in Q2 FY27 from Rs 142.5 crore in the corresponding quarter last year. Overall, the company's total expenses increased 19.2% to Rs 441.5 crore from Rs 370.5 crore in Q2 FY26.
96 crore in Q2 FY26.
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