Sheela Foam Cushions Its Earnings With Strong Q2 FY27 Performance, Net Profit Reaches ₹46 Crore While Revenue Jumps 19% To ₹1,045 Crore

Mumbai-based Sheela Foam Limited announced robust earnings for the second quarter of fiscal year 2027, with a consolidated net profit of ₹46 crore. This marks a significant improvement from the ₹10 crore profit recorded in the same quarter last year. The company's revenue also saw a notable rise of 19.4%, reaching ₹1,045 crore from ₹875 crore in Q2 of the previous fiscal year.

Sheela Foam is a major player in India's bond rebonded polyurethane foam sector and is currently in the process of filing a direct public offering (DRHP) for IPO. The company's operating earnings before interest, taxes, depreciation, and amortization (EBITDA) remained steady at ₹87 crore, despite a 26% rise in raw material prices and increased brand investments.

The mattress and foam businesses both contributed to growth, with sales value up 8% and 26% respectively, while volumes declined by 3% and 5%. Sheela Foam's international operations also showed strength, with a 26% sales value increase in the foam business and a 59% jump in e-commerce sales through its brand websites. The company's chairman and managing director, Rahul Gautam, attributed the positive earnings to balanced price increases, strategic advertising, and consumer promotions to offset rising costs.