Sheela Foam posts strong H1 FY26 results with volume growth

Sheela Foam Limited (SFL) reported a 5% year-on-year (YoY) increase in consolidated revenues, reaching INR 1696 crore for H1 FY26. This growth was primarily fueled by an 11% YoY volume increase in the mattress segment, with e-commerce platforms contributing significantly, showing 135% growth on SFL's own website and 58% on other platforms. The "Tarang & Aaram" mattress category also saw substantial growth, with 58% volume and 109% value growth. The company expanded its retail presence, adding 420 new showrooms, bringing total touchpoints to over 11,300.

Consolidated core EBITDA surged 31% YoY to INR 177 crore, with core EBITDA margins expanding by 210 basis points (bps) to 10.4% from 8.3% in H1 FY25. This margin expansion was attributed to incremental sales and improved gross margins. Reported PAT for H1 FY26 stood at INR 17 crore, which is not comparable to H1 FY25 due to a one-time insurance claim of INR 31 crore in the previous period and reduced non-operating income.

In a strategic leadership realignment, rahul gautam has been re-designated as chairman and md, with tushaar gautam elevated to vice chairman and joint md, to guide the company's operational and strategic direction.