Sheela Foam Ltd reported a consolidated net profit of ₹521.3 million for the December quarter. The company also announced the allotment of 488,146 equity shares to Kurlon shareholders, strengthening its integration strategy and reinforcing its leadership in India’s mattress and foam industry.
Sheela Foam Ltd announced its December quarter consolidated financial results, posting a net profit of ₹521.3 million. Alongside the earnings update, the company confirmed the allotment of 488,146 equity shares to Kurlon shareholders, marking a significant step in its integration strategy following the acquisition of Kurlon Enterprises.
Key highlights from the announcement:
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Profitability: Net profit of ₹521.3 million reflects steady demand in the mattress and foam segment, supported by brand strength and operational efficiency.
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Equity Allotment: The issuance of 488,146 shares to Kurlon shareholders strengthens Sheela Foam’s consolidation efforts, enhancing synergies across product lines.
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Market Context: India’s mattress and home comfort industry continues to expand, driven by rising consumer spending, urbanization, and demand for branded products.
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Strategic Positioning: With Sleepwell and Kurlon under its umbrella, Sheela Foam reinforces its leadership in the organized mattress market.
Analysts note that the dual announcement of profit growth and equity allotment highlights Sheela Foam’s focus on long-term value creation. The integration of Kurlon is expected to unlock operational efficiencies and expand market reach.
Outlook: With strong financials and strategic consolidation, Sheela Foam is poised to strengthen its dominance in India’s home comfort sector.
Sources: Reuters, Business Standard, The Economic Times, Mint