Wakefit Posts Q3 Profit Rebound as Shares Rise After First Post-IPO Update

Overview

• Wakefit reported operating revenue of Rs 421 crore for the December quarter, up 9% year on year.
• Net profit came in at about Rs 31.8–32 crore, reversing a Rs 2.4 crore loss a year earlier and doubling from Rs 15.9 crore in the September quarter.
• Sequential revenue rose 11% from Rs 376 crore, signaling continued topline momentum.
• The stock gained 7.8% on the NSE and traded around Rs 200.2, above the Rs 195 IPO issue price.
• The company named ex-Myntra executive Parul Gupta as chief financial officer effective February 10, alongside a focus on small-ticket categories and experiential retail to spur larger-ticket purchases.