India, Nov. 13 -- Listed mattress brand Wakefit reported a net profit of Rs.15.9 Cr in second quarter (Q1) of the fiscal year 2026-27 (FY27), almost flat from nearly Rs.16 Cr in the year-ago quarter. However, on a quarter-on-quarter (QoQ) basis, the bottom line tanked 32% from Rs.23.4 Cr in Q1 FY27.

The company attributed the sequential decline in profitability to rising commodity prices, geopolitical disruptions and the "challenging" operating environment.

"The operating environment remained challenging during the quarter, with crude-linked raw materials, particularly Polyol and TDI, continuing to remain elevated, with further price increases witnessed in recent months. Geopolitical disruptions in West Asia also impacted raw material a...