Sheela Foam Q2 FY27: revenue up 19% to ₹ 1,045 cr, but EBITDA down 5% as margin slips to 8.0%
Q2 FY27 revenue up 19% to ₹ 1,045 cr and PAT ₹ 46 cr vs ₹ 10 cr, but EBITDA down 5% to ₹ 83 cr as margin fell to 8.0%.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- ₹ 1,045 cr, up 19% from ₹ 875 cr
- Q2 FY27 PAT
- ₹ 46 cr vs ₹ 10 cr
- Q2 FY27 Reported EBITDA
- ₹ 83 cr, down 5%; margin 8.0% vs 10.0%
- Period
- Q2 FY27 and H1 FY27
- Positioning
- The deck presents Sheela Foam as a multi-market mattress and foam group, reporting separate EBITDA lines for standalone operations, Joyce (Australia), Interplasp (Spain), Staqo and FurlEnco.
📉 Consolidated revenue from operations in Q2 FY27 was ₹ 1,045 cr, up 19% from ₹ 875 cr a year earlier, and PAT rose to ₹ 46 cr from ₹ 10 cr. Reported EBITDA, however, fell 5% to ₹ 83 cr and reported EBITDA margin slipped to 8.0% from 10.0%, down 194 bps, with the presentation footnoting a one-time receivable provision of A.H. Beard in Australia.
📈 For H1 FY27 the company reports consolidated revenue of ₹ 2,077 cr, up 22% from ₹ 1,696 cr, operating EBITDA of ₹ 200 cr, up 23%, and PAT of ₹ 109 cr against ₹ 17 cr. The profit increase came alongside higher other income of ₹ 38 cr versus ₹ 20 cr and lower depreciation and finance cost, while reported EBITDA margin eased to 9.2% from 9.6%.
📈 Australia (Joyce) printed Q2 FY27 revenue of ₹ 121 cr versus ₹ 105 cr with an operating EBITDA margin of 10.7% against 9.5%, and an H1 margin of 13.4% versus 8.2%. Other units as printed for Q2 FY27: Interplasp (Spain) EBITDA 6.4%, Staqo 27.0% and FurlEnco 39.5%.
📉 Value growth was 8% in mattresses and 26% in foam in Q2 FY27, but volumes fell 3% and 5% respectively, and consolidated gross margin dropped to 40.2% from 44.7%, a 451 bps fall. The presentation lists a 2030 sustainability plan targeting 10% gender diversity and 5.4MW solar capacity, from 8.2% and 3.7MW in H1 FY27.
Also from Sheela Foam
Sheela Foam Ltd press release, Q2 FY27
2 Nov 2026
Board approves Q2 results, NIL security cover certificate; NCDs repaid in October 2026
2 Nov 2026
Sheela Foam management discussed D2C growth, Curlon-Sleepwell brand integration, Forlenko furniture rental business and raw material cost pressures in an interview
27 Oct 2026
More numbers
- Revenue from operations, Q2 FY27 (consolidated)1,045 (₹ Cr)
- Reported EBITDA, Q2 FY27 (consolidated)83 (₹ Cr)
- PAT, Q2 FY27 (consolidated)46 (₹ Cr)
- Reported EBITDA margin, Q2 FY27 (consolidated)8.0%
- Reported EBITDA margin, Q2 FY26 (consolidated)10.0%
- Revenue from operations, H1 FY27 (consolidated)2,077 (₹ Cr)
- PAT, H1 FY27 (consolidated)109 (₹ Cr)
- Operating EBITDA, H1 FY27 (consolidated)200 (₹ Cr)
- Gross margin, Q2 FY27 (consolidated)40.2%
- Australia (Joyce) total revenue, Q2 FY27121 (₹ Cr)
- Staqo EBITDA, Q2 FY2727.0%
- Gender diversity target, 203010%
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