Sheela Foam Delivers Robust Revenue Growth in March Quarter, Net Profit Climbs

Sheela Foam, a major home comfort manufacturing company, released its consolidated results for the quarter ended March 2024, highlighting strong operational traction. Consolidated revenue from operations of 8.5 billion rupees was recorded by the company for the quarter, indicating good demand and efficient sales strategies.

 

Net profit during the quarter ended March was 214.9 million rupees, an improvement over the earlier quarters. The strong growth in profit was fueled by higher volumes of sales and management's emphasis on cost effectiveness in the face of challenges to input prices and competitiveness within the mattress and home furnishing segment.

 

Highlights of the quarter are:

 

Consolidated revenue from operations was 8.5 billion rupees, emphasizing the resilience and market leadership of the company

 

Net profit increased to 214.9 million rupees, strengthened by improved sales and operational efficiencies

 

The company is further consolidating its base in domestic as well as international markets, based on its strengthened brand portfolio and distribution network

 

Management is optimistic of future growth as it points out increasing consumer interest in home improvement and comfort products as a major driving force for the industry

 

Sheela Foam's performance during the March quarter points towards a direction of growth, setting the company up for steady growth in the changing home comfort space.

 

Sources: Capital Market, Moneycontrol, Sheela Foam Financials