Based in Noida Sheela Foam on a consolidated basis, reported a net profit of ₹9 crore on revenue of ₹813 crore for the quarter ended September 30, 2024. Revenue grew 32% over the same quarter last year.

The revenue growth was driven by better volume in the mattress sector, which grew 19 percent year-over-year; The Sleepwell brand grew 40 percent on an annual basis, while the Kurl-on brand grew 26 percent on an annual basis.

Foam volume saw an increase of 11% year-on-year with deeper penetration in sectors such as automotive, footwear, lingerie and ancillary markets, a statement said.

Sheela Foam Ltd, India’s leading manufacturer of premium PU foam with flagship brands Sleepwell and Kurl-on, has released its financial results for the second quarter and six months ended September 30, 2024.

The integration of Sleepwell and Kurl-on within the Sheela Group is now stabilizing with synergy benefits of over ₹100 crore per annum flowing through to the bottom line. Streamlined operations, expanded market reach and optimized use of resources have enabled Sheela Group to create real value, thereby strengthening its foundation to deliver even greater returns to its customers and stakeholders in the sleep industry , indicates the press release.

Rahul Gautam, Executive Chairman, Sheela Foam Ltd, said in the statement, “Both the Sleepwell and Kurl-on brands have entered the desired orbits, posting impressive volume growth in Q2FY25 while maintaining strong margins. We remain committed to delivering customer-centric innovation in all areas of our business.

According to Tushaar Gautam, MD, Sheela Foam Ltd, added, “We have unlocked additional value by optimizing post-integration costs, resulting in adjusted EBITDA close to 10% for the second quarter of the financial year. 25 of Indian activity, mainly thanks to synergies between raw materials and logistics. and labor rationalization.