Mattress and furniture maker Wakefit will avoid managing the business around short-term share price movements and instead focus on long-term growth drivers such as omnichannel expansion, premiumisation, and repeat purchases, said cofounder Chaitanya Ramalingegowda as the company made its public market debut.
“We don’t want to take decisions based on share price, but we do want to ensure steady compounding of equity so that retail investors who think long-term and come on the journey, see value,” Ramalingegowda told ET in an interaction.
His…
