Sheela Foam Limited — PPTs, 19-09-2025: Investor Presentation

Sheela Foam, a leading foam and mattress manufacturer with approximately 30% market share in India and 40% in Australia, saw its domestic business contribution rise to 79% in FY25. The company delivered robust volume and value growth across its mattress and foam segments. For FY25, revenues reached INR 3,439 Cr, though PAT was INR 97 Cr with EBITDA margins at 8.30%, largely attributed to the ongoing Kurlon integration.

The company is strategically focused on India's consumption story, especially the mattress market, projected to grow to INR 27,000-30,000 Cr by 2030, driven by urbanization and e-commerce. The integration of Kurlon, acquired in 2023, is showing positive EBITDA improvement. Additionally, new ventures like Furlenco (furniture rental) are now PBT positive, and Staqo (IT services) continues its growth trajectory.

Management is confident in capitalizing on India's burgeoning market, highlighting strong free cash flow generation and the improved performance post-Kurlon integration. Net Debt to Equity stood at 0.23x, with ROE at 3.40% and ROCE at 5.8% for FY25.