Sheela Foam Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026, through a press release disseminated pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Performance - H1 FY27 (Consolidated)

  • Revenue: ₹2,077 crore, up 22% from ₹1,696 crore in H1 FY26
  • Operating EBITDA: ₹200 crore, up 23% from ₹162 crore in H1 FY26
  • PAT: ₹109 crore, increased 6.6x from ₹17 crore in H1 FY26
  • Cash EPS: ₹18.7
  • Mattress segment grew by 11% in value terms
  • Foam segment grew by 26% in value terms
  • E-commerce sales on brand.com increased 59% YoY
  • U20 sales increased 41% YoY

Financial Performance - Q2 FY27 (Consolidated)

  • Revenue: ₹1,045 crore, up 19% from ₹875 crore in Q2 FY26
  • Operating EBITDA: ₹87 crore, flat compared to ₹87 crore in Q2 FY26
  • PAT: ₹46 crore, increased 4.7x from ₹10 crore in Q2 FY26
  • Cash EPS: ₹8.3
  • Mattress value grew 8% while volume declined 3% due to shift of festive season
  • Foam business grew 26% in value with volume tapering 5% as higher raw material costs were passed through in pricing

Operational Highlights

  • The company recorded its third consecutive quarter with ₹1,000+ crore revenue
  • Operating EBITDA excludes a one-time receivable provision for A.H. Beard, Australia
  • Strong growth reported in Spain and Australia operations
  • Despite sharp increases in polyol and TDI prices and higher brand investment for the Great Sleepwell Festival, the company maintained operating EBITDA
  • PAT growth aided by lower finance costs and depreciation

Corporate Development

  • Furlenco (House of Kieraya) became a subsidiary effective October 1, 2026
  • This transition makes Sheela Foam a full B2C portfolio company with leadership in mattresses, foam, and furniture rentals
  • The company has embarked on branded furniture space through its flagship brands

Management Commentary

Mr. Rahul Gautam, Chairman & Managing Director, commented that since the West Asia crisis began in February 2026, the environment has been highly disruptive with raw material prices rising sharply, putting pressure on demand. The festive season shifted into Q3. The company responded with balanced price increases, higher advertising, and consumer offers. He noted that crossing ₹1,000 crore revenue with 19% YoY growth and growing H1 Operating EBITDA by 23% reflects the strength of the company's brands, supplier relationships, and team discipline. With Furlenco becoming a subsidiary, Sheela Foam is now poised as a larger, far more diversified group with presence across categories, channels, and geographies.

Company Background

Sheela Foam Limited is an Indian multinational company operating across Asia, Australia, and Europe as a leading producer of polyurethane (PU) foam. Founded in 1971, the company operates flagship brands Sleepwell and Kurlon in India, serving through a network of 11,000+ retail touchpoints.