Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q2 & H1 FY27 Earnings Presentation
52 slides from Sheela Foam's earnings presentation, Nov 2, 2026
Slide 1: Cover letter to stock exchanges: Investor Presentation
November 02, 2026 To, The BSE Limited The National Stock Exchange India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip code: 540203 NSE Symbol: SFL Subject: Investor Presentation Dear Sir/Madam, Furtherance to our in
Slide 2: Earnings Presentation Q2 & H1 FY27
SHEELA FOAM LIMITED Earnings Presentation Q2 & H1 FY27
Slide 3: Safe harbour statement
Sheela Foam: Safe harbour statement All statements included or incorporated by reference in this presentation, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates, and projec
Slide 4: Contents
Contents > Founders & Management > Company Snapshot > Financial Highlights & Performance — Q2 & H1 FY27 > Operating Highlights - Q2 & H1 FY27 > Financial Performance & Key Initiatives — Segment-wise > Financial Performance — Geography-wise > ESG & CSR Framework > Marketing Initiatives > Financials S
Slide 5: Founders with pedigree: ably supported by professionals
Founders with pedigree : ably supported by professionals Rahul Gautam – Chairman & MD Rakesh Chahar – Deputy MD & Whole time Director Tushaar Gautam - Vice Chairman & Joint MD Amit Kumar Gupta - Group CFO
Slide 6: Company Snapshot
Company Snapshot % Experienced management Largest manufacturers of PU Foam in India ‘Sleepwell’ ‘Kurlon’ are amongst the most trusted brands in India Backward Integrated Player with a wide product basket i?) 9 Presence across 7 Ty multiple - geographies t t Strategic move to 7) focus on high margin
Slide 7: Every input was hit by global turmoil; SFL answered with decisive action
Every input was hit by global turmoil; SFL answered with decisive action Polyol +65% | TDI +33% RM unavailability Crude oil +50% Affordability down Shipping disrupted Festive season shifted Shipping Freight +300% HOW SFL +21% | ~39% Brand Investment Launched GSF with mega Assured supply Continuous R
Slide 8: H1 FY27 consolidated and standalone revenue and EBITDA growth
H1 FY27 - CONSOLIDATED Revenue Growth EBITDA* Growth 22% YoY 23% YoY H1 FY27 - STANDALONE Revenue Growth EBITDA Growth 3RD CONSECUTIVE 15%+ Growth QUARTER 18% YoY 5% YoY ₹ 1000 Cr + 1ST TIME EVER Revenue in Q2 *One-time receivable provisions of A.H. Beard in Australia
Slide 9: Q2 FY27 highlights
Sheela Foam ⇡ 8% ⇡ MATTRESS -3% MATTRESS ₹ 87 cr -0.2% ₹ 46 cr Up 4.7X ⇡ 8.3 26% ⇡ FOAM -5% FOAM 8.4% -153bps 4.4% +331 bps VALUE GROWTH VOLUME GROWTH OPERATING EBITDA*^ PAT CONSOL. CONSOL. CASH EPS CONSOL. 7.8% 10.7% 6.4% 27.0% 39.5% STANDALONE JOYCE (AUSTRALIA) INTERPLASP STAQO FURLENCO EBITDA OPE
Slide 10: H1 FY27 highlights
Sheela Foam 11% ⇡ MATTRESS 1% ⇡ MATTRESS ₹ 200 cr +23% ₹ 109 cr Up 6.6X ⇡ 18.7 26% ⇡ FOAM -1% FOAM 9.6% +5bps 5.2% +427 bps VALUE GROWTH VOLUME GROWTH OPERATING EBITDA* PAT CONSOL. CONSOL. CASH EPS CONSOL. 8.4% 13.4% 10.7% 28.1% 38.8% STANDALONE JOYCE (AUSTRALIA) INTERPLASP STAQO FURLENCO EBITDA OPE
Slide 11: Financial Highlights | H1 FY27
Financial Highlights | H1 FY27 (YoY) Consolidated Standalone (SFL + KEL)
Slide 12: SFL today: a diversified B2C growth portfolio
SHEELA FOAM GROUP SFL today: a diversified B2C growth portfolio 13 + BRANDS, ONE HOUSE MASS LUXURY PREMIUM Mattresses & Comfort RENTAL RETAIL Furniture & Living Foam & Cushioning AUSTRALIA SPAIN Global Businesses Enterprise DIGITAL SOLUTION CSR INITIATIVE Technology & CSR
Slide 13: Pro Forma Furlenco Consolidation | H1FY27
Pro Forma Furlenco Consolidation | H1FY27 (₹cr) SFL GROUP REVENUE FURLENCO REVENUE COMBINED REVENUE 2,077 229 2,306 SFL GROUP EBITDA FURLENCO EBITDA COMBINED EBITDA 192 89 281 SFL GROUP EBITDA MARGIN FURLENCO EBITDA MARGIN COMBINED EBITDA MARGIN 9.2% 38.8% 12.2% Furlenco becomes SFL subsidiary w.e.f
Slide 14: Furlenco Turnaround (H1 FY24 → H1 FY27)
Furlenco Turnaround (H1 FY24 → H1 FY27) Business journey from when Furlenco was acquired to its latest H1 performance AT ACQUISITION · H1 FY24 LATEST · H1 FY27 CHANGE Revenue ₹69 Cr → ₹229 Cr 3.3× Subscribers 56K → 201K 3.6× AUM ₹242 Cr → ₹599 Cr 2.5× EBITDA Margin -15% → 39% +54 pts ROE -143% → 18%
Slide 15: Financial performance (₹ Cr) H1
Financial performance (₹ Cr) Standalone Consolidated SFL + KEL H1FY26 H1FY27 Change H1FY26 H1FY27 Change TOTAL REVENUE 1301 1542 18% 1696 2077 22% GROSS MARGIN 44.2% 38.5% -570 bps 44.7% 40.4% -428 bps OPERATING EBITDA % 9.4% 8.4% -106 bps 9.6% 9.6% 5 bps OPERATING EBITDA 123 129 5% 162 200 23% Prov
Slide 16: Financial performance (₹ Cr) Q2
Financial performance (₹ Cr) Standalone Consolidated SFL + KEL Q2 FY26 Q2 FY27 YoY Q1 FY27 QoQ Q2 FY26 Q2 FY27 YoY Q1 FY27 QoQ TOTAL REVENUE 667 781 17% 761 3% 875 1045 19% 1032 1% GROSS MARGIN 43.9% 39.4% -456 bps 37.6% 181 bps 44.7% 40.2% -451 bps 40.6% -38 bps OPERATING EBITDA % 9.4% 7.8% -159 bp
Slide 17: Operational Highlights | H1 FY27
Operational Highlights | H1 FY27 (YoY)
Slide 18: H1 FY27 Standalone – segment wise
H1 FY27 Standalone – segment wise Volume Value (Cr) H1FY26 H1FY27 Change H1FY26 H1FY27 Change MATTRESS - TOTAL 1627 K 1647 K 1% 651 725 11% FOAM - TOTAL 24262 Tn 24079 Tn -1% 603 761 26% TECHNICAL FOAM 9857 Tn 9737 Tn -1% 269 350 30% COMFORT FOAM 11790 Tn 12009 Tn 2% 233 308 32% FURNITURE CUSHIONING
Slide 19: Q2 FY27 Standalone – segment wise
Q2 FY27 Standalone – segment wise Volume Value (Cr) Q2 FY26 Q2 FY27 YoY Q1 FY27 QoQ Q2 FY26 Q2 FY27 YoY Q1 FY27 QoQ MATTRESS - TOTAL 814 K 789 K -3% 859 K -8% 330 356 8% 369 -4% FOAM - TOTAL 12909 Tn 12314 Tn -5% 11764 Tn 5% 313 396 26% 365 9% TECHNICAL FOAM 5353 Tn 5158 Tn -4% 4579 Tn 13% 142 187 3
Slide 20: International Business & STAQO
INTERNATIONAL BUSINESS & STAQO
Slide 21: Australia | Q2 & H1 FY27
Australia | Q2 & H1 FY27 ₹ Cr. Q2 FY26 Q1 FY27 Q2 FY27 H1FY26 H1FY27 TOTAL REVENUE 105 120 121 197 241 Gross Margin 53.6% 59.2% 55.1% 54.1% 57.1% OTHER EXPENSES 44.2% 46.4% 47.4% 45.9% 46.9% OPERATING EBITDA 9.5% 16.2% 10.7% 8.2% 13.4% Provision 0% -3.3% -3.1% 0% -3.2% REPORTED EBITDA 9.5% 12.8% 7.6
Slide 22: Spain | Q2 & H1 FY27
Spain | Q2 & H1 FY27 ₹ Cr. Q2 FY26 Q1 FY27 Q2 FY27 H1FY26 H1FY27 TOTAL REVENUE 93 133 125 179 258 Gross Margin 33.6% 34.0% 26.1% 31.9% 30.2% OTHER EXPENSES 22.7% 19.3% 19.7% 23.5% 19.5% EBITDA 10.9% 14.7% 6.4% 8.4% 10.7%
Slide 23: STAQO: Q2 & H1 FY27
STAQO : Q2 & H1 FY27 ₹ Cr. Q2 FY26 Q1 FY27 Q2 FY27 H1FY26 H1FY27 TOTAL REVENUE 16 24 24 30 48 EBITDA 26.5% 29.2% 27.0% 29.4% 28.1%
Slide 24: SFL | ESG & CSR Initiatives
SFL | ESG & CSR Initiatives
Slide 25: Strategy plan for Sustainability 2030
Strategy plan for Sustainability 2030 5 Sustainable Developmental Goals (SDG) identified for 2030 Sustainability plan 2025 2026 2027 H1 2030 SUSTAINABLE DEVELOPMENT GOALS Gender Diversity 5.81% 7.9% 8.2% 10% Energy - Solar 3.2MW 3.7 MW 3.7MW 5.4MW Waste Generation 15% 14.5% 14.4% 13% (Reduction) Int
Slide 26: Environment
Environment ENERGY WATER WASTE REDUCE WATER CONSUMPTION MONETIZE WASTE & INTENSITY REDUCE DISPOSAL COST FY26 - 44.5 KL/Person FY26 – 14.5% FY27YTM – 39 KL/Person FY27YTM—14.4% FY30 - 39 KL/Person FY30 – 13%* INITIATIVES • 1000+ kWp solar power project in • A new 30 KLD STP planned at Gwalior • Kaize
Slide 27: Social
Social GENDER EMPLOYMENT OF PERSONS SAFETY DIVERSITY WITH DISABILITY ENHANCING SAFETY STANDARDS Goal discontinued; FY26 - Internal Audits Initiative still continues FY27YTM – Internal Audits FY30 – ISO 45001 INITIATIVES
Slide 28: Governance
Governance KEY ACTIONS KEY COMMITTEES OBJECTIVE
Slide 29: SFL | CSR
i ieee SFL | CSR
Slide 30: Sleepwell Foundation
Sleepwell Foundation Vision Key Pillars
Slide 31: Skill Development
Skill Development INITIATIVES KEY OBJECTIVE FY26 ACHIEVEMENTS Q2FY27 ACHIEVEMENTS
Slide 32: Emotional wellness
Emotional wellness INITIATIVES KEY OBJECTIVE FY26 ACHIEVEMENTS Q2FY27 ACHIEVEMENTS
Slide 33: Revitalisation of Smt Sheela Gautam Inter College
Revitalisation of Smt Sheela Gautam Inter College INITIATIVES KEY OBJECTIVE FY26 ACHIEVEMENTS Q2FY27 ACHIEVEMENTS
Slide 34: CSR | In actions
CSR | In actions SHEELA FOAM - EARNINGS PRESENTATION FY27 plus +
Slide 35: CSR | In actions
CSR | In actions SHEELA FOAM - EARNINGS PRESENTATION FY27 plus +.
Slide 36: CSR In Actions | Medical Education
CSR In Actions | Medical Education
Slide 37: CSR In Actions | Army Training
CSR In Actions | Army Training
Slide 38: CSR In Actions | Fashion Design
CSR In Actions | Fashion Design
Slide 39: CSR In Actions | Fashion Design
CSR In Actions | Fashion Design
Slide 40: Marketing Initiatives
Marketing Initiatives 1. Great Sleepwell Festival 2. New Category Launches 3. Deal activations 4. New Initiatives
Slide 41: Sleepwell | Great Sleepwell Festival
Sleepwell | Great Sleepwell Festival 4 Round of Print Ad to Boost visibility Regional Celebs Promoting Offer Customised Dealer Videos
Slide 42: Sleepwell | New Category Launch
Sleepwell | New Category Launch Sleepwell Elvia Bed Sleepwell Vogue Bed Sleepwell Xaden
Slide 43: Kurlon | Kurlon Mega Deals Activation
Kurlon | Kurlon Mega Deals Activation
Slide 44: Kurlon | Mega Deals Activation
Kurlon | Mega Deals Activation
Slide 45: Kurlon | Onam Activation
Kurlon | Onam Activation DE/ ; “o> %12,946" 22 ities area ateaesaoaiin acing Easy EMI offers a pinelabs amazonpay
Slide 46: Kurlon | Brand Powered Sleep Pods
Kurlon | Brand Powered Sleep Pods Implemented at Bangalore airport lounge Exterior + interior branding Digital standees Kurlon powered audio interaction
Slide 47: Financials
Financials plus +
Slide 48: Consolidated income statement ₹ Cr (H1)
Consolidated income statement ₹ Cr Particulars H1 FY27 H1 FY26 Y-O-Y Revenue from Operations 2,077 1,696 22% Operating Expenses 1,885 1,534 Reported EBITDA 192 162 18% Reported EBITDA Margin (%) 9.2% 9.6% Other Income 38 20 Depreciation 68 96 Finance Cost 35 57 PBT 127 30 Exceptional Item -6 8 Tax 3
Slide 49: Consolidated income statement ₹ Cr (Q2)
Consolidated income statement ₹ Cr Particulars Q2-FY27 Q2-FY26 Y-O-Y Q1-FY27 Q-O-Q Revenue from Operations 1,045 875 19% 1,032 1% Operating Expenses 962 788 923 Reported EBITDA 83 87 -5% 109 -24% Reported EBITDA Margin (%) 8.0% 10.0% 10.6% Other Income 22 11 16 Depreciation 34 50 34 Finance Cost 17
Slide 50: Standalone income statement ₹ Cr (H1)
Standalone income statement ₹ Cr Particulars H1 FY27 H1 FY26 Y-O-Y Revenue from Operations 1,542 1,301 18% Operating Expenses 1,413 1,178 EBITDA 129 123 5% EBITDA Margin (%) 8.4% 9.4% Other Income 25 16 Depreciation 35 63 Finance Cost 25 45 PBT 95 32 Exceptional Item -6 8 Tax 26 8 PAT 75 16 PAT Marg
Slide 51: Standalone income statement ₹ Cr (Q2)
Standalone income statement ₹ Cr Particulars Q2-FY27 Q2-FY26 Y-O-Y Q1-FY27 Q-O-Q Revenue from Operations 781 667 17% 761 3% Operating Expenses 720 604 693 EBITDA 61 63 -3% 68 -11% EBITDA Margin (%) 7.8% 9.4% 9.0% Other Income 11 8 14 Depreciation 18 33 17 Finance Cost 12 22 12 PBT 42 16 52 Exception
Slide 52: Thank you
Thank you For further information, please visit www.Sheelafoam.com or contact: Mr. Nikunj Jain - [email protected] (Investor Relations) Mr. Iquebal Ahmad - [email protected] (Company Secretary) Mr. Ajay Pandey - [email protected] (Media Contact) IR representative Mr. Anu