Latest news with #Sleepwell
News18
6 days ago
- Business
- News18
Sheela Foam Appoints Mr. Rakesh Chahar as Deputy Managing Director
BusinessWire IndiaNew Delhi [India], August 13: Sheela Foam Limited, a market leader in comfort and sleeping solutions in India, has appointed Mr. Rakesh Chahar as Deputy Managing Director (Whole-Time Director) with immediate effect. The appointment was announced at the Board of Directors' meeting pursuant to the recommendation of the Nomination & Remuneration Committee. Mr. Chahar has more than three decades of robust institutional experience and leadership at Sheela Foam, the owner of iconic brands Sleepwell, and recently acquired Kurlon Enterprises and Furlenco, is building its presence in different geographies at a steady pace. With its portfolio spread across heritage comfort solutions and new-generation techenabled lifestyle solutions, the company is heading to a pivotal stage of integrated growth in both Indian and foreign Chahar, who has been with Sheela Foam since 1990 and a Whole-Time Director since 2003, brings over 30 years of experience in scaling operations, building distribution strength, and delivering category growth. He has led transformational efforts that have solidified the group's leadership status in polyurethane (PU) foam business. He has played a pivotal role in establishing Sleepwell as India's most recognized and highest-selling mattress has been the driving force to build Sheela Foam's distribution muscle, establishing a robust network of distribution and retail partners across the nation – efforts that have greatly enhanced consumer reach and market his enhanced mandate, Mr. Chahar will lead the company's growth strategy – to drive integrated operations, channel consolidation, and pan-India market reach. His leadership will also focus on expanding institutional and B2B verticals, while unlocking manufacturing and procurement synergies across the group's production his corporate responsibilities, Mr. Chahar also serves as Chairman of the Indian Sleep Products Federation (ISPF) – India's first dedicated industry body for the mattress and sleep solutions sector.(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
Time of India
08-08-2025
- Business
- Time of India
Sheela Foam Q1 core EBITDA rises 42% YoY; margins hit 11.7% in India business
New Delhi: Sheela Foam Ltd, maker of Sleepwell and Kurlon mattresses , reported a consolidated core EBITDA of Rs 85 crore for the first quarter of FY26, up 42% year-on-year, with margins expanding 300 basis points to 10.4%. Consolidated revenue for the quarter stood at Rs 821 crore, compared with Rs 810 crore in the same period last year. Normalised profit after tax was Rs 30 crore, down 36% from Rs 47 crore in Q1 FY25. In the India business, which includes Sheela Foam, Kurlon Enterprises, and Staqo, revenue rose 5% YoY to Rs 644 crore, while core EBITDA jumped 47% to Rs 75 crore. Core EBITDA margins improved to 11.7% from 8.4% a year earlier — the highest-ever for the segment. The company attributed the performance to the successful integration of Kurlon, leading to optimised operating facilities, efficiencies in raw material procurement, and reduced overhead and logistics costs. 'The volume growth and higher core EBITDA were achieved on account of the successful integration of Kurlon into the Indian business. This has also helped us to leverage our channel network. With the onset of the festive season, volume growth and core EBITDA should be much better,' said Rahul Gautam, Executive Chairman, Sheela Foam Ltd. Managing Director Tushaar Gautam added that structured efforts over the last 18 months have strengthened both topline and bottom line, with e-commerce sales growing 66% YoY and the 'Mattress for Every Indian' range rising 59% YoY. During the quarter, mattress volumes grew 10% YoY, 234 new showrooms were launched, and total touchpoints crossed 20,000.
