• Wakefit posts Rs 724 crore operating revenue and turns profitable in H1 FY26.
• Files RHP with a revised IPO plan featuring a smaller fresh issue and OFS.
• Major investors include Peak XV, Verlinvest, Investcorp, and Elevation Capital.

Wakefit, the Bengaluru-based home and sleep solutions brand, has reported a strong financial performance for the first half of FY26 as it prepares for its upcoming IPO. The company filed its Red Herring Prospectus (RHP) on November 30, confirming steady growth and a return to profitability.

According to the RHP, Wakefit generated Rs 724 crore in operating revenue during H1 FY26, with an additional Rs 17 crore from non-operating income, bringing total revenue to Rs 741 crore. The company’s financial recovery is evident as it posted a profit after tax (PAT) of Rs 35.5 crore, compared to a loss of Rs 35 crore in FY25.

Wakefit’s largest cost component continues to be materials, which accounted for 44% of its total expenses in FY25. In H1 FY26, total expenses reached Rs 706 crore, including Rs 79.5 crore in employee costs, Rs 15 crore in finance costs, and Rs 53 crore in depreciation. The brand recorded an EBITDA margin of 11.95% and a ROCE of 4.38% for the period. On a per-unit basis, Wakefit spent Rs 0.98 to earn every rupee of operating revenue.

The RHP also outlines the company’s ownership structure. Peak XV remains the largest external shareholder with a 22.47% stake, followed by Verlinvest at 9.79% and Investcorp at 9.29%. Among founders, Ankit Garg holds 33.03%, while Chaitanya Ramalingegowda owns 9.98%.

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Wakefit has adjusted its IPO size from the earlier DRHP. The fresh issue has been reduced from Rs 468 crore to Rs 377.2 crore, while the offer for sale (OFS) now includes 4.68 crore equity shares.