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Sheela Foam (SFL) investor relations material
Sheela Foam Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed Kurl-on merger and integration, driving operational turnaround and synergies, with consolidated revenue up 7% YoY to INR 2,771 crore for 9M FY26 and core EBITDA margin at 10.6% for 9 months and 10.9% in Q3.
Mattress volumes grew 11% YoY for 9 months, foam volumes up 12%, and e-commerce business grew 53% YoY with net revenues of INR 180 crore for 9 months.
International businesses in Australia and Spain delivered improved EBITDA margins (~12% in Q3, ~10% for 9 months), with profitability rebounding.
Board approved unaudited financial results for Q3 and 9M FY26, including the allotment of 488,146 equity shares to Kurlon Enterprise Limited shareholders.
PAT for 9M FY26 stood at INR 69 crore, with cash EPS of INR 19.06 and diluted EPS of 6.25.
Financial highlights
Consolidated revenue for Q3 FY26 was INR 1,074.43 crore, up from INR 874.94 crore in Q3 FY25; standalone revenue for Q3 FY26 was INR 841.64 crore.
Core consolidated EBITDA margin at 10.9% for Q3, up 220 bps YoY; Q3 EBITDA grew from INR 84 crore to INR 117 crore.
Q3 PAT at INR 53 crore, tripling YoY; nine-month PAT at INR 69 crore.
Standalone net profit for Q3 FY26 was INR 38.70 crore, up from INR 17.26 crore in Q3 FY25.
Basic EPS for Q3 FY26 was INR 3.54 standalone and INR 4.77 consolidated.
Outlook and guidance
Targeting 15% revenue growth and 15% EBITDA margin for India business over the medium term, with margin improvement to 14-15% by FY 2028.
Targeting ~700 new showrooms in FY26, with 607 already launched in 9M FY26.
Price increases of 4-5% implemented in Q3, with full impact expected in Q4.
International EBITDA margins expected to sustain at ~12%.
Management is evaluating the impact of new Indian labour codes, but expects no material effect.
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- FSV
Annual revenue up 5% to $5.50B; Adjusted EBITDA and EPS both saw double-digit growth. - QLINEA
Over 400% revenue growth in 2025, with US expansion and breakeven targeted for 2027. - OMV
Clean CCS Operating Result down 10% year-over-year, with strong cash flow and 9.3% dividend yield. - UPM
Strong Q4 cash flow and strategic moves support growth despite lower sales and EBIT. - GSK
7% sales growth and 12% EPS rise, led by Specialty and HIV, with strong 2026 outlook. - UBSG
Net profit surged 56% YoY, with accelerated capital repatriation and robust capital ratios. - EQNR
Record production, strong cash flow, and 3% growth outlook drive robust capital returns. - EVR
Record $3.9bn net revenue, 45% from non-M&A, margin expansion, and strong capital return. - GODREJAGRO
Q3 FY26 revenue up 11% to ₹2,718 crore, with strong profit and margin growth across key segments. - HUDCO
Net profit up to ₹2,053.06 crore, record disbursements, strong asset quality, and robust liquidity.
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