Sheela Foam Limited

Sheela Foam Ltd announced reaffirmations and a withdrawal of ratings from India Ratings and Research Private Limited and India Ratings, concerning its various debt instruments. India Ratings and Research Private Limited reaffirmed the rating of IND BBB+ on the Bank Loan amounting to 100 crore, while India Ratings reaffirmed the ratings of IND AA/Stable/IND A1+ on Bank Loan Facilities aggregating to Rs. 180 crore (additional facilities) and Rs. 700 crore (existing facilities), and withdrew the IND AA/Stable rating on Non-Convertible Debentures totaling Rs. 181.25 crore (ISIN: INE916U08012) following their full redemption; additionally, India Ratings affirmed a rating on an additional amount of Bank Loan Facilities and withdrew ratings on the aforementioned Non-Convertible Debentures.

Sheela Foam Limited, doing business as Sleepwell Products, announced that it entered into an amendment agreement on October 1, 2026, with House of Kieraya Limited and its significant shareholders, changing the status of House of Kieraya Limited from a jointly controlled entity to a subsidiary of Sheela Foam Limited. As a result of the amendment, Sheela Foam Limited now holds 34.53% equity shares of House of Kieraya Limited, a furniture company with Rs 375 crore in turnover for fiscal year 2025-26.

Sheela Foam Limited, formerly known as Sleepwell Products, announced that trading window for dealing in shares of the company will be closed from October 01, 2026, until 48 hours after the financial results for the quarter and half-year ending September 30, 2026, are made public, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Sheela Foam Ltd announced reaffirmations, affirmations, a withdrawal, and an assignment of ratings by India Ratings and Research (Ind-Ra) and India Ratings. India Ratings and Research reaffirmed the IND AA/Stable rating for Debt instruments and the IND AA/S table, reaffirmed INE916U08038 and INE916U08012 at IND AA/S, affirmed Bank Loan Facilities and NCDs with the withdrawal of the Issuer Rating, affirmed bank loan facilities at IND AA/Stable/IND A1+, affirmed non-convertible debentures at IND AA/Stable, affirmed a Fund Based Working Capital Limit at IND A1+ (Sumitomo Mitsui Banking Corp), affirmed fund-based working capital limits at IND AA/Stable (State Bank of India), affirmed fund-based/Non-fund-based limits at IND AA/Stable/IND A1+ (ICICI Bank and Yes Bank Ltd), affirmed a term loan at IND AA/Stable (Kotak Mahindra Bank), and affirmed a proposed bank loan at IND AA/Stable/IND A1+; additionally, a non-convertible debenture with ISIN INE916U08020 and maturity 6 October 2025 was withdrawn, while the amount of non-convertible debentures was reduced from 7,250 to 1,812.50. No rating data was provided by other agencies, and placeholder ratings were noted by India Ratings.

Sheela Foam Ltd share price ticked higher by 0.94% to Rs 791.1. The Company's net profit witnessed a sharp fall of 23.52% to Rs 59.23 crore, while revenue from operations eased by 1.73% to Rs 1031.94 crore in Q2FY26 over Q1FY26. The market capitalization of Furniture, Home Furnishing industry group stocks on BSE stood at Rs 19814.11 crore, rising 7.51%. It has marginally improved by 1.50% over last one week and advanced by 12.92% in last one month while the market capitalization of Sheela Foam Ltd has improved by 3.68% and 45.36% in the same period respectively. Profit before tax (PBT) of Sheela Foam Ltd stood at Rs 79.59 crore in Q2 FY26, rallying 722.21% year-on-year, and plunging by 15.55% quarter-on-quarter. EBITDA came in at Rs 93 crore, surging by 41.66% YoY and declining 5.61% sequentially. Total expenses softened by 1.25% to Rs 956.92 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 594.69 crore, posting a minor increase of 4.55% YoY, while employee benefits expense was at Rs 124.71 crore, tumbling by 15.61% YoY. For the TTM ended FY26, revenue from operations rose 11.10% to Rs 3820.84 crore, while net profit jumped 56.84% to Rs 139.46 crore, compared to previous TTM. EBITDA soared by 10903% to Rs 339.1 crore, and PBT surged 75.98% to Rs 181.84 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 409.32 crore in FY26, as against Rs 247.39 crore in FY25. Sheela Foam Ltd rallied 11.81% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.94% during the same period.

Sheela Foam Limited, which operates the Sleepwell and Kurlon brands, announced its Q1 FY27 financial results on August 4, 2026, reporting consolidated revenue of Rs 1,032 crore, a 26% year-over-year increase, and consolidated profit after tax of Rs 62 crore, a 9.5x increase compared to the same period last year; the company’s consolidated EBITDA rose to Rs 109 crore, up 45% year-over-year, with a margin of 10.6%, while e-commerce sales grew 69% year-over-year on brand.com and 19% year-over-year on marketplace platforms.

Sheela Foam Ltd. announced the appointment of Ms. Avantika Singh Gautam as a non-executive, non-independent director for a period of five years, effective August 4, 2026, subject to shareholder approval.

Sheela Foam Ltd., which also operates under the brand Sleepwell, will hold a board meeting on Thursday, August 4, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026, according to a regulatory filing. The trading window for company insiders will be closed from April 1, 2026, and will reopen 48 hours after the financial results are released to the stock exchanges.

Sheela Foam announced that the 54th Annual General Meeting(AGM) of the company will be held on 16 July 2026.

Sheela Foam announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.