WAKEFIT - Wakefit Innovati
📢 Recent Corporate Announcements
Wakefit reported its highest-ever quarterly revenue of ₹4,213 million in Q3 FY26, representing a 9.4% YoY growth despite festive demand shifting to earlier months. The company's operating EBITDA margin saw a significant expansion to 9.9% from 2.1% in the previous year, driven by operating leverage and improved capacity utilization in the furniture segment. The furniture category remains a key growth driver, increasing 27.5% YoY and now contributing 29% of total revenue. Management expects to close the full year with mid-to-high teen revenue growth and continued margin improvement.
- Quarterly revenue reached a record ₹4,213 million, with 14% growth recorded during the Sept-Dec 2025 period.
- Operating EBITDA (pre-Ind AS) surged to ₹416.4 million, reflecting a margin of 9.9% compared to 2.1% in Q3 FY25.
- Furniture segment grew 27.5% YoY, while mattresses remain the largest contributor at 61.3% of 9-month revenue.
- Omnichannel network expanded to 137 COCO stores and 1,700 MBOs, with own channels contributing 64.7% of sales.
- Ms. Parul Gupta officially appointed as CFO, succeeding Mr. Navesh Gupta who resigned in December 2025.
Wakefit Innovations Limited has officially released the audio recording of its earnings conference call held on February 11, 2026. The call was dedicated to discussing the company's unaudited financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement to ensure all shareholders have access to management's commentary. The recording is accessible through the company's investor relations website.
- Earnings conference call held on February 11, 2026, for Q3 and 9M FY26 results.
- Audio recording made available on the company's official website under investor relations.
- Disclosure submitted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Wakefit Innovations reported a strong turnaround in Q3 FY26, posting a PAT of ₹318.6 million compared to a loss of ₹24.1 million in the previous year. Revenue for the quarter grew 9.4% YoY to ₹4,213.4 million, while 9M FY26 revenue reached ₹11,453.4 million, up 17.9%. Operating EBITDA margins expanded significantly to 9.9% in Q3, driven by improved capacity utilization and a shift toward higher-margin furniture and furnishing categories. Following its December 2025 IPO, the company maintains a robust cash position of ₹8,891.8 million to fund its expansion of 117 new stores.
- Q3 FY26 Operating EBITDA jumped 422.7% YoY to ₹416.4 million with margins improving from 2.1% to 9.9%.
- 9M FY26 Revenue grew 17.9% YoY to ₹11,453.4 million, marking the highest-ever nine-month performance.
- Successfully listed in Dec 2025, raising ₹12,889 million with ₹8,891.8 million in investable cash as of Dec 31, 2025.
- Furniture and furnishing categories grew at 35.6% during the Sep-Dec period, diversifying the revenue mix.
- Retail footprint reached 137 active COCO stores, with plans to add 117 more using IPO proceeds.
Wakefit reported a strong Q3FY26 with revenue growing 9.4% YoY to INR 4,213.4 mn, despite a shift in festive demand. The company achieved a significant turnaround in profitability, posting a PAT of INR 318.6 mn compared to a loss of INR 24.1 mn in the previous year. EBITDA margins expanded substantially to 14.0% from 5.2% YoY, driven by better capacity utilization and operational efficiencies. Following its December 2025 IPO, the company holds a strong cash position of INR 8,891.8 mn to fuel future growth.
- Revenue for Q3FY26 grew 9.4% YoY to INR 4,213.4 mn; 9MFY26 revenue rose 17.9% to INR 11,453.4 mn
- Turned profitable with Q3 PAT of INR 318.6 mn compared to a loss of INR 24.1 mn in Q3FY25
- Operating EBITDA surged 422.7% YoY to INR 416.4 mn with margins improving from 2.1% to 9.9%
- Strong liquidity position with investable cash of INR 8,891.8 mn following the December 2025 IPO
- Expanded retail footprint to 137 active COCO stores and 1,692 MBO stores across India
Wakefit Innovations Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events under SEBI Regulation 30(5). This update follows the resignation of Mr. Navesh Gupta as Chief Financial Officer and the appointment of Ms. Parul Gupta as the new CFO. The authorized team now consists of Promoter Chaitanya Ramalingegowda, CFO Parul Gupta, and Company Secretary Surbhi Sharma. This is a routine administrative filing to ensure regulatory compliance regarding stock exchange disclosures.
- Ms. Parul Gupta appointed as Chief Financial Officer and designated as an authorized person for materiality disclosures.
- Mr. Navesh Gupta ceases to be an authorized person following his resignation from the CFO position.
- The update supersedes the company's previous intimation dated December 15, 2025.
- Authorized personnel now include Chaitanya Ramalingegowda (Promoter/ED), Parul Gupta (CFO), and Surbhi Sharma (CS).
Wakefit Innovations Limited has appointed Ms. Parul Gupta as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective February 10, 2026. Ms. Gupta is a Chartered Accountant and ISB Hyderabad alumna with nearly 20 years of experience in strategic finance and leadership. Her professional background includes significant roles at major companies such as Syngene, Myntra, Jabong, and Airtel. This leadership addition is aimed at strengthening the company's financial controls and strategic business partnering.
- Appointment of Ms. Parul Gupta as CFO effective February 10, 2026
- Nearly 20 years of leadership experience in strategic finance and compliance
- Previous senior roles at Syngene, Myntra, Jabong, Aircel, and Airtel
- Educational background includes Chartered Accountancy and an MBA from ISB Hyderabad
- Authorized to determine materiality of events for stock exchange disclosures
Wakefit Innovations Limited reported a strong set of numbers for Q3 FY26, its first financial disclosure since listing in December 2025. Revenue from operations grew 9.4% YoY to ₹4,213.40 million, while Net Profit surged to ₹318.56 million from just ₹24.08 million in the year-ago period. For the nine-month period, the company achieved a significant turnaround, posting a profit of ₹674.30 million compared to a loss of ₹88.09 million in 9M FY25. The results include a one-time exceptional charge of ₹39.32 million related to the implementation of new Labour Codes.
- Revenue from operations increased 9.4% YoY to ₹4,213.40 million for the quarter ended December 31, 2025.
- Net Profit for Q3 FY26 stood at ₹318.56 million, representing a significant margin expansion compared to ₹24.08 million in Q3 FY25.
- Nine-month (9M FY26) PAT reached ₹674.30 million, reversing a loss of ₹88.09 million in the previous year.
- EBITDA for the quarter improved to ₹703.41 million from ₹272.45 million in the corresponding quarter last year.
- The company recorded an exceptional item of ₹39.32 million due to the impact of new Government Labour Codes on employee benefits.
Wakefit Innovations Limited has scheduled its earnings conference call for the third quarter and nine months ended December 31, 2025. The call is set for Wednesday, February 11, 2026, at 9:00 AM IST, following the declaration of its financial results. Key management personnel, including Co-founders Ankit Garg and Chaitanya Ramalingegowda, will be present to discuss the company's performance. This is a routine regulatory intimation providing a platform for investors to gain insights into the company's recent fiscal trends.
- Earnings conference call scheduled for February 11, 2026, at 09:00 AM IST.
- Focuses on financial performance for Q3 and the nine-month period ended December 31, 2025.
- Management participants include Mr. Ankit Garg, Mr. Chaitanya Ramalingegowda, and Ms. Parul Gupta.
- The call is hosted by IIFL Securities with international dial-in options for USA, UK, Singapore, and Hong Kong.
Wakefit Innovations Limited has received shareholder approval to reclassify its authorized share capital of INR 53.93 crore entirely into equity shares, simplifying its capital structure post-listing. A key highlight is the approval of an 'upside arrangement' where promoters Ankit Garg and Chaitanya Ramalingegowda will receive 30% of excess returns from specific Series D/D1 investors if those investors achieve a return greater than 2.5x. This arrangement applies to returns exceeding a 30% IRR in USD terms and has been formalized through an amendment to the Articles of Association.
- Authorized share capital of INR 53.93 crore reclassified into 53.93 crore equity shares of Re. 1 each
- Promoters to receive 30% of proceeds exceeding a 30% USD IRR from Series D and D1 investors
- Upside sharing is triggered only if investors realize a return of at least 2.5x their original investment
- Participating investors include Peak XV Partners, Verlinvest, and Investcorp Growth Equity Fund
- New Article 168 inserted into the Articles of Association to formalize these promoter consideration rights
Wakefit Innovations Limited has received shareholder approval to reclassify its entire authorized share capital of INR 53.93 crore into equity shares, simplifying its structure post-IPO. A key highlight is the approval of an 'upside arrangement' where promoters Ankit Garg and Chaitanya Ramalingegowda will receive 30% of excess proceeds from specific institutional investors (like Peak XV and Verlinvest) if those investors achieve returns exceeding 2.5x their Series D/D1 investment. This arrangement has been formalized through the insertion of Article 168 into the company's Articles of Association. The move aligns promoter incentives with the exit performance of early-stage institutional backers.
- Authorized share capital of INR 53.93 crore reclassified into 53,92,82,000 equity shares of Re. 1 each
- Promoters to receive 30% of proceeds exceeding a 30% IRR for Series D/D1 investors upon exit
- Upside sharing triggers if specific investors achieve returns of 2.5x or more on their subscription amount
- Participating investors include Peak XV Partners, Verlinvest S.A., and Investcorp Growth Equity Fund
- New Article 168 inserted into the Articles of Association to formalize Additional Promoter Consideration
Wakefit Innovations Limited has announced the results of its postal ballot, where shareholders approved four out of six proposed resolutions. While the reclassification of preference shares into equity and the ESOP 2019 plan were passed, two critical special resolutions regarding director nomination rights and amendments to the Articles of Association failed to meet the 75% majority threshold. The voting data reveals significant dissent from public non-institutional investors, who voted overwhelmingly against several management-led proposals.
- Resolution 1 for reclassifying preference shares into equity passed with 99.99% total votes in favor.
- Special resolutions 4 and 5 failed to pass, receiving only 68.16% favor against the required 75% threshold.
- Public non-institutional investors voted 99.61% against the ESOP 2019 ratification and the upside arrangement.
- Resolution 6 regarding the insertion of Article 168 in the Articles of Association passed with 82.19% favor.
- A total of 53,322 shareholders were on record for the voting process which concluded on January 18, 2026.
Wakefit Innovations Limited has announced a change in its Corporate Identification Number (CIN) following its successful listing on the BSE and NSE. The CIN has transitioned from U52590KA2016PLC086582 to L52590KA2016PLC086582, where the 'L' signifies its new status as a listed entity. This administrative update was processed by the Ministry of Corporate Affairs and is a standard requirement for companies post-IPO. The change was officially communicated to the exchanges on January 13, 2026.
- Corporate Identification Number (CIN) changed from U52590KA2016PLC086582 to L52590KA2016PLC086582
- Change is a direct result of the company's equity shares being listed on BSE and NSE
- The update has been officially recorded by the Ministry of Corporate Affairs
- BSE Scrip Code for the company is 544642 and NSE Scrip Symbol is WAKEFIT
Wakefit Innovations Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the prescribed timelines. It further verifies that physical share certificates were mutilated and cancelled after due verification. This is a standard administrative filing required by all listed companies in India.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Registrar MUFG Intime India Private Limited confirmed timely processing of demat requests.
- Physical certificates were mutilated and cancelled following depository verification.
- Register of members updated with depository names as the registered owners.
Wakefit Innovations Limited has announced that Mr. Navesh Gupta will step down from his role as Chief Financial Officer (CFO) and Key Managerial Personnel on December 31, 2025. The resignation is attributed to personal and professional plans, with the outgoing CFO confirming there are no other material reasons for his departure. The company is currently in the process of identifying a suitable successor to fill the vacancy. This transition was previously noted in the company's Red Herring Prospectus and Prospectus filings.
- CFO Navesh Gupta to cease his role as Key Managerial Personnel effective December 31, 2025
- Resignation is based on personal and professional plans with no material issues cited
- Company is actively seeking a replacement for the CFO and KMP position
- Transition details were previously disclosed in the company's IPO-related documents (RHP/Prospectus)
Wakefit Innovations Limited has announced the closure of its trading window for designated persons starting January 1, 2026. This action is taken in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading ahead of financial disclosures. The closure precedes the announcement of the company's unaudited financial results for the quarter ending December 31, 2025. The trading window will remain closed until 48 hours after the results are officially declared to the exchanges.
- Trading window closure effective from Thursday, January 1, 2026.
- Closure is in preparation for the unaudited financial results for the quarter ending December 31, 2025.
- Trading window will reopen 48 hours after the financial results are announced.
- Restriction applies to all designated persons and their immediate relatives as per SEBI PIT Regulations.
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