Wakefit Innovations Ltd

Meeting Details

• Date & Time: Thursday, August 27, 2026, 3:00 PM onwards
• Nature: Group Meeting
• Mode: Virtual
• Event: Analyst / Institutional Investor meeting

Participants

• Key company participants: senior management officials; Company Secretary & Compliance Officer

Purpose

• Intimation of schedule for Analyst / Institutional Investor meeting

Additional Notes

• Recordings/presentations will be posted on Wakefit investor relations site

AGM notice and annual report access

• 10th AGM scheduled for 9 Sep 2026 at 11:00 IST via VC/OAVM.
• Electronic copies of AGM notice and FY2026 annual report sent to registered email addresses.
• Shareholders with unregistered emails can access Notice and Annual Report via company website.
• Shareholders without registered emails should register via their DP or the RTA.

AGM Details

• AGM date/time/mode: 9 Sep 2026, 11:00 IST, via VC/OAVM
• Cut-off for e-voting: 2 Sep 2026

Key Resolutions (Postal Ballot)

• ESOP 2019 ratification passed; 84.8% polled, 90.5% in favour
• Insertion of Article 168 in Articles of Association passed; 82.2% in favour

Dividend

• Dividend: board did not recommend any dividend

Director & KMP Changes

• CFO: Navesh Gupta resigned 31 Dec 2025; Parul Gupta appointed 10 Feb 2026
• Chaitanya Ramalingegowda to retire by rotation; re-appointment proposed
• Ankit Garg designated Chairperson/CEO/Executive Director on 4 Jun 2025
• Nominee Directors Varun Laul and Manvitha Janagam resigned in 2025
• New independent directors joined 2025: Misra, Potigari, Paul, Nagar, Kapur; Mukul Arora joined
• Current board as of 31 Mar 2026: Garg, Ramalingegowda, Chopra, Arora, Misra, Potigari, Paul, Nagar, Kapur

Auditors

• Statutory auditors: B S R & Co. LLP; five-year term through 2029
• Secretarial auditors: BMP & Co LLP; proposed five-year term from 2026-27
• Internal auditors: Pie-RAG Consulting LLP; appointed for 2025-26 and 2026-27

Related Party Transactions

• RPTs: none; all transactions in ordinary course and at arm's length

IPO & Use of Proceeds

• IPO proceeds raised in Dec 2025; allocated to COCO expansion and capex
• Unutilised IPO proceeds held in bank deposits/investments

Financial Performance

• Revenue from operations: Rs 405 crore; +16.6% YoY.
• Gross profit: Rs 231 crore; gross margin 57.1%.
• EBITDA (excl. other income): Rs 56 crore; EBITDA margin 13.9%.
• Operating EBITDA: Rs 37 crore; margin 9.1%.
• Ad spend: 7.6% of revenue from operations.
• ESOP expense: Rs 6 million for the quarter.
• PBT before exceptional items: Rs 36.3 crore; PBT margin 9.0%.
• Deferred tax charge: Rs 7.3 crore; prior quarter deferred tax income: Rs 98 crore.

Product Mix & Channel

• Mattress revenue share: 65.9% (about 66%); YoY growth 27.3%.
• Furniture share: 28%; Furnishing share: 6.3%.
• Online revenue share: 52.7%; Offline: 47.3%.
• COCO stores: 165 across 100 cities as of June 30.
• MBO outlets: ~2,250 across 701 cities.
• Own channels contributed 72.3% of revenue; external channels 27.7%.

Footprint & Growth

• Retail footprint expanded with ~27 new COCO stores in Q1; total 165 stores across 100 cities.
• MBO network expanded to roughly 2,250 outlets across 701 cities.
• Online growth: own-channel online sales up 20% YoY; total online sales up 7%.

Q&A Highlights

• Mattress growth: two-thirds volume, one-third price increases due to raw-material costs.
• Premium mattress mix: offline premium ~50% of offline; company-wide premium ~15–20%.
• Raw-material inflation: spot up 70–160%; net inflation ~30–40%; two price hikes ~5% each.
• Jumbo stores: first live by Jun-Jul next year; second by Aug-Sep in Bangalore.
• Seasonality: Q3 strongest; Q4 second best; ongoing expansion to support growth.

Guidance & Outlook

• Target to add about 80 COCO stores during FY27.
• Jumbo-store rollout planned; timing: first store next year, second store later in the year.

Meeting Details

• Date: August 07, 2026
• Type/Mode: group earnings conference call; audio recording

Participants

• Company management participated; specific roles not disclosed

Purpose

• Discuss unaudited quarterly results for the quarter ended June 30, 2026

Additional Notes

• Audio recording is available on the company's investor relations site

Share-volume surge clarification

• No material information requiring SEBI LODR disclosure; volume surge is market-driven.