Sheela Foam Ltd — earnings calls

Sheela Foam reported consolidated revenue of Rs 1,032 crores and EBITDA of Rs 109 crores for Q1 FY27, crossing Rs 1,000 crores in quarterly revenue for the first time. Standalone Indian revenue grew 20% year-on-year while EBITDA grew 13%, with management attributing margin moderation to a sharp fall and volatility in raw material prices. International subsidiaries in Australia and Spain posted higher revenue growth and expanded EBITDA margins during the quarter.

Sheela Foam reported Q4 FY26 consolidated revenue growth of 24% year-on-year to Rs 1,050 crores, with core EBITDA margins improving to 11.5% from 7.5% a year earlier. For the full year FY26, consolidated revenue grew 11% to Rs 3,821 crores and core EBITDA crossed Rs 400 crores for the first time, up 46% year-on-year. Management described continued growth in the Kurlon integration, e-commerce, unorganized-to-organized business, and international operations in Australia and Spain, and announced the company's first-ever dividend recommendation of 20% for FY26.