Sheela Foam Q3: Sleepwell mattress maker sees over 3x jump in net profit

Sheela Foam Ltd, makers of Sleepwell mattresses, on Tuesday (February 3) reported a surge in its net profit at ₹52.57 crore for the third quarter, up from ₹16.8 crore in the year-ago period.

Revenue from operations for the quarter increased 11.1% year-on-year to ₹1,075 crore, compared with ₹967 crore in the same quarter last year, driven by higher volume growth in both the mattress and foam segments.

The mattress segment recorded 11% volume growth, while the foam segment grew 20% in Q3. Cash EPS for

the quarter was ₹10.11, while diluted EPS stood at ₹4.76.

For the nine-month period ended FY26, consolidated revenue rose 7% to ₹2,771 crore from ₹2,590 crore, supported by volume growth of 11% in mattresses and 12% in foam.

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Core EBITDA for the first nine months of FY26 grew 34% to ₹293 crore from ₹218 crore, expanding margins by 213 basis points to 10.6% from 8.5% year-on-year. PAT for 9MFY26 stood at ₹69 crore, with cash EPS of ₹19.06 and diluted EPS of 6.25, compared with ₹77 crore in 9MFY25, which included a one-time insurance claim of ₹31 crore.

E-commerce volumes grew 138% YoY on the company’s own website and 39% YoY on other platforms in 9M FY26. The U20 segment recorded 49% YoY volume growth and 53% value growth in the same period. Foam volumes rose 12% during 9MFY26.

EBITDA rose 30% to ₹115 crore from ₹88 crore a year ago. EBITDA margin improved to 11%, compared with 9.11% in the corresponding period of the previous year.

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Rahul Gautam (Chairman & Managing Director), said, “The Kurlon acquisition has begun delivering tangible benefits, driving a turnaround at Sheela Foam Limited. The business has entered a phase of double-digit growth, with both the mattress and foam segments recording strong volume expansion.”

“Profitability and cash generation have continued to improve sequentially each quarter, supported by improved performance across all key markets — India, Australia, and Spain. We remain confident in our ability to deliver sustained, profitable growth backed by robust cash generation, thereby creating long-term value for all stakeholders."

Shares of Sheela Foam Ltd ended at ₹525.75, up by ₹7.60, or 1.47%, on the BSE today, February 3.

For Q3 results LIVE Updates click here