Sheela Foam Limited has informed the Exchange regarding a press release dated August 05, 2025, titled "Press release Sheela Foam LimitedQ1FY26 Quarterly Results Update".
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Sheela Foam reported consolidated revenue of INR 821 Cr in Q1FY26, up 1% YoY, with consolidated core EBITDA surging 42% to INR 85 Cr and core EBITDA margins expanding 300 basis points to 10.4%. Standalone revenue grew sharply by 38% YoY to INR 697 Cr, driven by higher volumes in mattress and foam segments. India business (Sleepwell + Kurlon + Staqo) revenue rose 5% to INR 644 Cr with core EBITDA jumping 47% to INR 75 Cr and margins reaching 11.7%, the highest ever, aided by Kurlon integration synergies, cost optimisation and raw material efficiencies. Mattress volumes grew 10% YoY, E-commerce sales surged 66%, and the company added 234 new showrooms taking total retail touchpoints past 20,000. Reported consolidated PAT, however, fell sharply to INR 7 Cr (vs INR 47 Cr) due to a INR 10 Cr forex MTM loss and INR 12 Cr mark-to-market loss on government bonds; normalised PAT was INR 30 Cr.
Strong core earnings growth and margin expansion signal healthy underlying business momentum post-Kurlon integration, supportive of long-term shareholder value. However, the large gap between reported and normalised PAT — caused by MTM losses on forex and bond holdings — may weigh on short-term sentiment, though management remains optimistic about a stronger festive quarter ahead.