Sheela Foam has reported a stellar performance for the first quarter of FY27, marking a historic achievement with consolidated revenues exceeding INR1,000 crores and consolidated EBITDA surpassing INR100 crores for the first time. The company also recorded a PAT of INR62 crores, a significant year-on-year jump. This strong start to the fiscal year reflects robust growth across its business segments, including a 20% revenue growth in its standalone Indian operations.
Record Quarter for Sheela Foam
Sheela Foam Limited has commenced the fiscal year 2027 with a landmark performance, achieving its highest-ever consolidated revenue of over INR1,000 crores and consolidated EBITDA exceeding INR100 crores in the first quarter. This significant milestone was announced on August 05, 2026. The company’s Profit After Tax (PAT) for the quarter stood at a robust INR62 crores, marking a substantial increase compared to the previous year.
Strong Indian Business Growth
Domestically, Sheela Foam’s standalone Indian business demonstrated impressive growth, reporting a 20% increase in revenue and a 13% rise in EBITDA on a year-on-year basis. Within this segment, the mattresses category saw a 15% value growth and 6% volume growth, while the foam business grew by 26% in value and 4% in volume. Despite facing volatile raw material prices, the company successfully delivered EBITDA growth, underscoring operational efficiencies.
International Performance and Expansion
The company’s international subsidiaries in Australia and Spain also contributed significantly to the strong performance. In Australia, Joyce recorded a 31% revenue growth to INR120 crores with an improved EBITDA margin of 12.8%. Spain reported a 54% revenue growth to INR133 crores and saw its EBITDA margins rise to 14.7%. Sheela Foam is also expanding its footprint in the furniture segment through its acquisition of Furlenco, aiming for a capital-efficient growth strategy. The unorganized to organized (U2O) business has also expanded significantly, reaching nearly 10,000 dealers and achieving 81% year-on-year growth.
ESG Recognition and Future Outlook
Sheela Foam received a category upgrade to ‘strong’ in CRISIL ESG ratings and improved its standing in the S&P Global Corporate Sustainability Assessment. The company is committed to its sustainability road map, focusing on renewable energy and water/waste management. Looking ahead, Sheela Foam is confident in sustaining its growth trajectory, aiming for double-digit growth overall in foam and mattresses volume for the full year.
Source: BSE
