Nov 03: Sheela FoamLimited announced its Q2&H1FY27 financial results on 3rdNovember 2026.

The key highlights are as follows:

Particulars	Consolidated(₹cr)
H1FY26	H1FY27	Variance	Q2FY26	Q2FY27	Variance
Revenue	1,696	2,077	22%	875	1,045	19%
OperatingEBITDA	162	200	23%	87	87	-
PAT	17	109	6.6x	10	46	4.7x

OperatingEBITDAexcludesaone-timereceivableprovisionforA.H.Beard,Australia

Operational & Financial Highlights: H1FY27

• Mattress segment grew by 11% and foam segment by 26%.

• Revenue grew by 22% YoY to ₹2,077 crore from ₹1,696 crore on account of higher growth in both mattress and foam segments.

• Operating EBITDA grew by 23% to ₹200 crore from ₹162 crore.

• PAT stood at ₹109 crore, up from ₹17 crore in H1FY26, with cash EPS of ₹18.7.

Operational & Financial Highlights: Q2FY27

• Revenue grew by 19% YoY to ₹1,045 crore from ₹875 crore, led by growth in both mattress and foam segments and strong growth in Spain and Australia.

• Mattress value grew by 8%, while volume declined by 3% due to the shift of the festive season.

• Foam business grew by 26%, while volume tapered by 5% as higher raw material costs were passed through in pricing.

• Despite sharp increases in polyol and TDI prices and higher brand investment for the Great Sleepwell Festival, Operating EBITDA stood at ₹87 crore against ₹87 crore in Q2FY26.

• PAT stood at ₹46 crore, up from ₹10 crore YoY, aided by lower finance costs and depreciation. Cash EPS stood at ₹8.3.

Mr. Rahul Gautam, Chairman & Managing Director, commented on the results:

"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 and the festive season shifting into Q3. We responded with balanced price increases, higher advertising and consumer offers. We crossed ₹1,000 crore of revenue, up 19% YoY, and grew H1 Operating EBITDA by 23%, while also protecting our profitability in absolute terms. This reflects the strength of our brands, our supplier relationships and the discipline of our teams.

With Furlenco becoming our subsidiary from 1st October, Sheela Foam is now a full B2C portfolio company, with leadership in mattresses, foam and now furniture rentals. We have also embarked on the branded furniture space through our flagship brands. Sheela Foam is now poised as a larger, far more diversified group, with a presence across categories, channels and geographies."