Sheela Foam reports 54% YoY Growth in standalone revenue for Q3 FY25

Sheela Foam Limited, a leading player in India’s PU foam and mattress industry, has reported a 54% year-on-year (YoY) growth in standalone revenue, reaching ₹791 crore for the quarter ending December 31, 2024. The company’s consolidated revenue stood at ₹967 crore, reflecting a 10% YoY growth.

The growth comes amid post-acquisition synergies between Sleepwell and Kurl-on, the company’s flagship mattress brands, and strong festive season demand. However, the broader mattress industry continues to navigate challenges such as raw material costs and shifting consumer preferences.

Q3 FY25 Financial Highlights
Standalone Performance:

Revenue: ₹791 crore, up 54% YoY
EBITDA: ₹71 crore, up 34% YoY
Net Profit: ₹25 crore
Consolidated Performance:

Revenue: ₹967 crore, up 10% YoY
EBITDA: ₹88 crore, up 15% YoY
Net Profit: ₹19 crore
Business Performance & Market Trends
Sheela Foam’s mattress segment grew by 24% in volume YoY, supported by new product launches such as Sleepwell Pro FitRest and Kurl-on Ortho Magic. The company has also expanded its retail footprint and strengthened its digital presence, making it India’s second-largest online mattress brand.

Beyond mattresses, the company saw growth in industrial applications such as furniture, automotive, footwear, and ancillary markets, indicating diversification beyond its core consumer mattress business.

Leadership Insights
Commenting on the performance, Rahul Gautam, Executive Chairman, Sheela Foam Limited, stated:"The strategic actions to streamline synergy are culminating in the charted growth trajectory of Sleepwell and Kurl-on brands, registering robust volume and value growth in both online and offline channels."

Tushaar Gautam, Managing Director, Sheela Foam Limited, added:"With the successful integration of Kurl-on, 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."

As Sheela Foam continues to expand, its focus on product innovation, omnichannel expansion, and operational efficiency will be key factors shaping its performance in the coming quarters. However, challenges such as market competition, pricing pressures, and raw material volatility remain areas to watch.

Also Read: Shaswat Goswami joins Sheela Foam as CMO