Financial Performance Highlights
Consolidated Performance (H1 FY27 vs H1 FY26):
- Total Revenue: ₹2,077 crore (up 22% from ₹1,696 crore)
- Reported EBITDA: ₹192 crore (up 18% from ₹162 crore)
- Reported EBITDA Margin: 9.2% (vs 9.6%)
- PAT: ₹109 crore (up 6.6X from ₹17 crore)
- PAT Margin: 5.2% (vs 1.0%)
- Diluted EPS: ₹9.8 (vs ₹1.5)
Consolidated Performance (Q2 FY27 vs Q2 FY26):
- Total Revenue: ₹1,045 crore (up 19% from ₹875 crore)
- Reported EBITDA: ₹83 crore (down 5% from ₹87 crore)
- Reported EBITDA Margin: 8.0% (vs 10.0%)
- PAT: ₹46 crore (up 4.7X from ₹10 crore)
- PAT Margin: 4.4% (vs 1.1%)
- Diluted EPS: ₹4.2 (vs ₹0.9)
Standalone Performance (H1 FY27 vs H1 FY26):
- Total Revenue: ₹1,542 crore (up 18% from ₹1,301 crore)
- EBITDA: ₹129 crore (up 5% from ₹123 crore)
- EBITDA Margin: 8.4% (vs 9.4%)
- PAT: ₹75 crore (up 4.7X from ₹16 crore)
- PAT Margin: 5.0% (vs 1.0%)
- Diluted EPS: ₹6.8 (vs ₹1.5)
Standalone Performance (Q2 FY27 vs Q2 FY26):
- Total Revenue: ₹781 crore (up 17% from ₹667 crore)
- EBITDA: ₹61 crore (down 3% from ₹63 crore)
- EBITDA Margin: 7.8% (vs 9.4%)
- PAT: ₹31 crore (up 5.2X from ₹6 crore)
- PAT Margin: 4.0% (vs 0.8%)
- Diluted EPS: ₹2.8 (vs ₹0.5)
Operational Highlights
Segment-wise Performance (Standalone H1 FY27):
- Mattress Total: Volume 1,647K units (up 1% YoY), Value ₹725 crore (up 11% YoY)
- Foam Total: Volume 24,079 Tn (down 1% YoY), Value ₹761 crore (up 26% YoY)
- Technical Foam: Volume 9,737 Tn (down 1%), Value ₹350 crore (up 30%)
- Comfort Foam: Volume 12,009 Tn (up 2%), Value ₹308 crore (up 32%)
- Cushioning Furniture: Volume 2,334 Tn (down 11%), Value ₹103 crore (up 2%)
- Others: Value ₹56 crore
International Business Performance:
Australia (H1 FY27):
- Total Revenue: ₹241 crore (vs ₹197 crore in H1 FY26)
- Gross Margin: 57.1% (vs 54.1%)
- Operating EBITDA: ₹13 crore (vs ₹8 crore)
- One-time receivable provisions impacted results
Spain (H1 FY27):
- Total Revenue: ₹258 crore (vs ₹179 crore in H1 FY26)
- Gross Margin: 30.2% (vs 31.9%)
- EBITDA Margin: 10.7% (vs 8.4%)
STAQO (H1 FY27):
- Total Revenue: ₹48 crore (vs ₹30 crore in H1 FY26)
- EBITDA Margin: 28.19% (vs 29.4%)
Strategic Developments
Furlenco Acquisition:
- Furlenco became SFL subsidiary effective October 1, 2026
- Pro Forma H1 FY27 Performance:
- Furlenco Revenue: ₹229 crore
- Furlenco EBITDA: ₹89 crore
- Furlenco EBITDA Margin: 38.8%
- Combined Revenue: ₹2,306 crore
- Combined EBITDA: ₹281 crore
- Combined EBITDA Margin: 12.2%
Furlenco Turnaround (H1 FY24 to H1 FY27):
- Revenue: ₹69 crore → ₹229 crore (3.3x growth)
- Subscribers: 56K → 201K (3.6x growth)
- AUM: ₹242 crore → ₹599 crore (2.5x growth)
- EBITDA Margin: -15% → 39% (54 percentage point improvement)
- ROE: -143% → 18% (turned positive)
ESG & CSR Initiatives
Sustainability 2030 Goals:
- Gender Diversity: 8.2% (2030 target: 10%)
- Solar Energy: 3.7MW installed (2030 target: 5.4MW)
- Waste Generation Reduction: 14.4% (2030 target: 13%)
- Safety: Internal audits ongoing (2030 target: ISO 45001)
- Training Hours/Employee: 19 hours
Environmental Initiatives:
- Water consumption intensity: 39 KL/Person (FY26: 44.5 KL/Person)
- New 30 KLD STP planned at Gwalior
- 1,000+ trees planted in H1 FY27
CSR - Sleepwell Foundation:
- Emotional Wellness: Reached 588+ million people through 198+ films
- Skill Development: World-class center in Mirpur, Khurja (UP)
Marketing Initiatives
- Great Sleepwell Festival with 21% scheme and increased advertising spend
- New product launches: Sleepwell Elvia Bed, Sleepwell Vogue Bed, Sleepwell Xaden
- Kurlon Mega Deals activation and Onam promotions
- Airport lounge sleep pods implementation with branding
Key Management Contacts
- Mr. Nikunj Jain - Investor Relations (nikunj.jain@sheelafoam.com)
- Mr. Iquebal Ahmad - Company Secretary (iquebal.ahmad@sheelafoam.com)
- Mr. Ajay Pandey - Media Contact (ajay.pandey@sheelafoam.com)
- IR representative: Mr. Anuj Sonpal (sheela@valoremadvisors.com, +91-22-4903-9500)