D2C startup Wakefit records 24% jump in its FY24 revenue

Bengaluru-based mattress and furniture maker Wakefit reported a 24% year-on-year increase in revenue to Rs 1,017 crore for the financial year ending March 31, 2024. The company said it returned to profitability during the financial year, with earnings before interest, taxes, depreciation and amortisation of Rs 65 crore. It had been profitable on during its first four years of operation.

Operating revenue during FY24 was around Rs 985 crore, up from Rs 813 crore in the previous year, it said.