Wakefit shares fall 3% after flat Q2 profit

GreyOak summary

Wakefit Innovations shares declined 3% following Q2 FY27 results where net profit remained flat at Rs 15.8 crore due to a deferred tax expense of Rs 6.43 crore. Despite the flat bottom line, revenue surged 20% YoY to Rs 452 crore and EBITDA rose 22%. The company expanded its retail network to 205 stores and plans to launch a jumbo store in Bengaluru in Q2 FY28.