New Delhi – Revenues from operations were up by 10% year-on-year at Sheela Foam in the third quarter of its 2025 financial year. They rose to INR9.67bn ($111m) from the INR8.79bn reported in the previous year’s quarter. EBITDA grew by 15% to INR880m in the quarter, up from $760m.

However, consolidated net profit plummeted by 40% to INR190m, from the INR310m achieved in the 2024 quarter. Profit before tax fell by 60% to INR210m, down from INR$530m.

Looking at its overseas operations, in Australia revenues fell 16% to INR990m. In Spain, they were up 6.5% to INR810m. Sheela owns Joyce Foam in Australia, and Interplasp in Spain.

The company’s stock filing states that it has registered strong growth in its top line and profitability, despite the headwinds facing the industry. In the technical foam segment, gains were made in the shoe, lingerie and automotive industries.

There was also robust volume growth in its consumer mattress business, rising 24% year on year. It was up 53% for its Sleepwell brand, and 13% for Kurlon mattresses.

Its e-commerce segment experienced record growth and a significant market share gain. The company said it is now the second-largest online mattress retailer in India.

About Sheelafoam

A leader in Polyurethane (PU) Foam, Sheela Group is a multi-billion rupee entity. It has a nationwide presence in manufacturing PU Foam with a global marketing perspective and an impeccable track record, since 1971. Sheela Group is committed to a one-point programme that of bringing comfort, convenience and luxury to enhance the lifestyle of a modern man.

Source: Sheelafoam