Sheela Foam Ltd
Sheela Foam Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #12 of 87 in Consumer Durables
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The short version
Market growth in e-commerce for mattresses expected between 15%-20% annually. Sheela Foam expects top-line growth of 12% to 15% going forward, leading to profitability margins improving to 14%-15% within two years.
From Sheela Foam Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Market growth in e-commerce for mattresses expected between 15%-20% annually.
- Sheela Foam aims to achieve ~30% market share in organized e-commerce within a few years.
- Mattress business volume growth for H1 FY26 was 11%, with Sleepwell at 18% and Kurlon at 10%.
- Foam business volume growth for H1 FY26 was 8%, with technical foam up by 11% and comfort foam by 8%.
- E-commerce volumes grew 73% year-on-year; lower-end mattresses (Tarang and Aaram) volumes grew 58%.
- Target of opening 800 new exclusive branded outlets (EBOs) in the current fiscal year to further boost sales.
- Long-term plan to expand EBO network to 10,000 stores within 3-5 years.
- Overall top-line growth target is 12%-15%, aiming to reach this with sustained profitability expansion to 14%-15% over next 2-3 years.
2 more points from Sheela Foam Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Sheela Foam has sufficient production capacity to grow 2x to 2.5x current size; no major new production capacity investments planned.
- Planned CAPEX mainly for consolidation, efficiency improvements, and maintenance.
- Significant focus on showroom expansion: targeted 800 new showrooms in the current year, with a typical CAPEX of approximately Rs. 6 lakhs per store funded partly by retail partners.
- Showrooms pay back in about 18 months, supporting strategic growth.
- Furlenco plans to raise Rs. 125 crores equity (Sheela Foam contributing Rs. 30 crores) to buy new assets for rentals to achieve Rs. 500 crore turnover next year.
2 more points from Sheela Foam Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Sheela Foam Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹92 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sheela Foam Ltd's management said in earlier quarters
- Q1 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Sheela Foam Ltd Q2 FY26 results?
Market growth in e-commerce for mattresses expected between 15%-20% annually. Sheela Foam expects top-line growth of 12% to 15% going forward, leading to profitability margins improving to 14%-15% within two years.
What is Sheela Foam Ltd share price analysis?
Sheela Foam Ltd currently shows a neutral. The stock trades at a P/E of 41.4 with a market cap of ₹8,427 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sheela Foam Ltd planning capital expenditure?
Sheela Foam has sufficient production capacity to grow 2x to 2.5x current size; no major new production capacity investments planned. - Planned CAPEX mainly for consolidation, efficiency improvements, and maintenance. - Significant focus on showroom expansion: targeted 800 new showrooms in the current year, with a typical CAPEX of approximately Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.