Mattress volumes grow, e-commerce surges, leadership realigned after Kurlon merger
MUMBAI, Nov 10 (The CONNECT) – Sheela Foam Limited has reported a consolidated revenue growth of 5% for Q2 and H1 FY26, rising from ₹1,622 crore to ₹1,696 crore, driven by higher volumes in its mattress and foam segments. Mattress volumes grew 11% year-on-year, supported by strong demand from retail and e-commerce channels, the company said.
The company’s online business continued to report robust traction, with sales on its own website up 135% and a 58% increase across marketplace platforms. Its value-driven product range, Tarang and Aaram, recorded 58% volume and 109% value growth. Sheela Foam also added 420 new showrooms during the period, expanding its reach to over 11,300 touchpoints across the country.
Consolidated core EBITDA rose 31% to ₹177 crore, improving margins by 210 basis points to 10.4%, aided by better gross margins and operational efficiencies. Normalized profit after tax stood at ₹35 crore. The company noted that reported PAT in H1FY26 is not strictly comparable to last year due to a one-time insurance claim and lower non-operating income in the previous period.
Following the merger of Kurlon Enterprise Limited with Sheela Foam, the company has realigned its leadership structure. Rahul Gautam has been redesignated Chairman and Managing Director, with Tushaar Gautam elevated to Vice Chairman and Joint Managing Director.
Rahul Gautam said the successful integration positions the company for “sustained growth” backed by a strong ESG framework and continued market expansion.
