Listed mattress brand Wakefit reported a net profit of ₹15.9 Cr in second quarter (Q1) of the fiscal year 2026-27 (FY27), almost flat from nearly ₹16 Cr in the year-ago quarter. However, on a quarter-on-quarter (QoQ) basis, the bottom line tanked 32% from ₹23.4 Cr in Q1 FY27.

The company attributed the sequential decline in profitability to rising commodity prices, geopolitical disruptions and the “challenging” operating environment.

“The operating environment remained challenging during the quarter, with crude-linked raw materials, particularly Polyol and TDI, continuing to remain elevated, with further price increases witnessed in recent months. Geopolitical disruptions in West Asia also impacted raw material availability and logistics across the industry…,” said Wakefit cofounder and executive director Chaitanya Ramalingegowda.

Despite this, operating revenue rose nearly 20% to a record ₹452 Cr in the quarter under review as against ₹376.9 Cr in Q2 FY26. Sequentially, the top line also rose 11.6% from ₹404.9 Cr in the preceding quarter.

While mattresses brought in 66% of revenue, furniture, furnishings and decor contributed the remaining 38%. 

Including other income of ₹16 Cr, Wakefit’s total income stood at ₹468 Cr in Q2 FY27. 

Meanwhile, total expenses for the quarter under review also shot up 19% to ₹441.4 Cr compared to ₹370.5 Cr in Q2 FY26. The listed company also incurred additional tax expenses of ₹10.7 Cr during the quarter.

3 Cr in Q1 FY27. This is attributable to two factors: (i) normal-course reversal of timing differences relating to depreciation and provisions as they unwind through the P&L, and (ii) the unwinding of the deferred tax asset on carried-forward losses,” said the company in a statement.

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