Noida, February 03, 2025: Sheela Foam Limited, India’s leading manufacturer of PU Foam and the house of leading brands Sleepwell and Kurl-on announced its third quarter’s financial results ending December 31st, 2024. After the post-acquisition synergy between Sleepwell and Kurl-on, Sheela Foam has witnessed strong growth momentum in Q3 for its B2C mattress business, despite industry headwinds. With a deeper understanding of consumer needs, product innovation, expanded retail footprint, proactive channel engagement and enhanced operational efficiencies; Sheela Foam continues to create significant stakeholder value
Q3 Financial Highlights
• Mattress volume growth increased by 24% YoY
• Mattress value growth increased by 16% YoY
Standalone Financial Performance
• Revenue: INR 791 crores, a 54% YoY growth
• EBITDA: INR 71 crores, a 34% YoY growth
• Net Profit: INR 25 crores
Consolidated Financial Performance
Consolidated Financial Performance
• Revenue: INR 967 crores, a 10% YoY growth.
• EBITDA: INR 88 crores, up 15% YoY
• Net Profit: INR 19 crores
Business Highlights
Sheela Foam’s growth in Q3 FY25 is backed by the festive season of the country – the mattress business comprising Sleepwell and Kurlon brand clocked volume growths 24% on YoY basis. The company received tremendous response for its newly launched range of mattress featuring Sleepwell Pro FitRest and Kurl-on Ortho Magic. The new products were instrumental in driving consumer engagement and sales volumes. Online segment recoded significant growth and market share gain for Sheela Foam, now the second largest selling online mattress company in the country. Other business segments also delivered strong performance driven by deeper penetration into industrial applications e.g. furniture, automotive, footwear, lingerie, and ancillary markets.
Sheela Foam’s growth in Q3 FY25 is backed by the festive season of the country – the mattress business comprising Sleepwell and Kurlon brand clocked volume growths 24% on YoY basis. The company received tremendous response for its newly launched range of mattress featuring Sleepwell Pro FitRest and Kurl-on Ortho Magic. The new products were instrumental in driving consumer engagement and sales volumes. Online segment recoded significant growth and market share gain for Sheela Foam, now the second largest selling online mattress company in the country. Other business segments also delivered strong performance driven by deeper penetration into industrial applications e.g. furniture, automotive, footwear, lingerie, and ancillary markets.
Management Commentary
Mr. Rahul Gautam, Executive Chairman, Sheela Foam Limited, stated, “The strategic actions to streamline synergy is culminating into the charted growth trajectory of Sleepwell and Kurlon brands, registering robust volume & value growth in both online and online channels.” Mr. Tushaar Gautam, Managing Director, Sheela Foam Limited, added, “With the successful Integration of Kurlon, the company is on the path of accruing benefits. This is a result of our clear strategy and strong transformation capabilities along with efficient execution.”
Mr. Rahul Gautam, Executive Chairman, Sheela Foam Limited, stated, “The strategic actions to streamline synergy is culminating into the charted growth trajectory of Sleepwell and Kurlon brands, registering robust volume & value growth in both online and online channels.” Mr. Tushaar Gautam, Managing Director, Sheela Foam Limited, added, “With the successful Integration of Kurlon, the company is on the path of accruing benefits. This is a result of our clear strategy and strong transformation capabilities along with efficient execution.”
For further details on Sheela Foam’s Q3FY25 performance, contact Mr. Iquebal Ahmed, Mobile no 9717096729.
Corporate Comm India (CCI Newswire)