Slides
Page 1
Earnings Presentation Q2 & H1 FY26 SHEELA FOAM LIMITED
Page 2
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 projections about our industry, management's beliefs, and certain assumptions made by us. Although Sheela Foam Limited (SFL) believes that the expectations reflected in such forward- looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and SFL undertakes no obligation to update or revise any forward-looking statements, whether as a result ofnew information, future events, or otherwise. No assurance can be given that actual results, performance, or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Page 3
Contents
Page 4
Founders with pedigree : ably supported by professionals Rakesh Chahar – Deputy MD & Whole time Director Tushaar Gautam - Vice Chairman & Joint MD Amit Kumar Gupta - Group CFO Rahul Gautam – Chairman & MD
Page 5
Company Snapshot
Page 7
Update on Kurlon Merger
Page 8
Operational Highlights | H1 FY26 (YoY) EBO – Exclusive Brand Outlets | MBO – Multiple Brand Outlets
Page 9
Financial Highlights | H1 FY26 (YoY) Consolidated Standalone (SFL + KEL) *before Forex MTM of INR 14 cr (H1FY26)
Page 10
Financial performance Standalone (SFL + KEL) Consolidated H1 FY25 H1 FY26 Variance H1 FY25 H1 FY26 Variance TOTAL REVENUE 1233 1301 6% 1622 1696 5% GROSS MARGIN 44.1% 44.2% 0.1% 43.6% 44.7% 0.9% CORE EBITDA* 107 137 28% 135 177 31% CORE EBITDA %* 8.7% 10.5% 180bps 8.3% 10.4% 210bps *before Forex MTM
Page 11
H1 FY26 STANDALONE – segment wise ^realignment inter-verticals in Q2 & H1FY25 to reflect current tracking post full year of KEL integration Volume Value (Cr) H1 FY25 H1 FY26 Change H1 FY25^ H1 FY26 Change MATTRESS - TOTAL 1459K 1627K 11% 587 650 11% FOAM - TOTAL 22460 Tn 24262 Tn 8% 583 602 3% TECHNICAL FOAM 8911 Tn 9857 Tn 11% 256 269 5% COMFORT FOAM 10874 Tn 11790 Tn 8% 229 233 2% FURNITURE CUSHIONING 2675 Tn 2615 Tn (2%) 98 100 2% OTHERS MIXED (N.A) MIXED (N.A) MIXED (N.A) 62 48 (23%) TOTAL 1233 1301 6%
Page 12
H1 FY26| Mattresses & Foam – key initiatives Mattress Comfort Foam Technical Foam Furniture Cushioning
Page 13
H1FY26 | E-com Driving Volume Growth 58% H1 YoY SALES GROWTH ON PLATFORMS135% H1 YoY SALES GROWTH ON BRAND.COM
Page 14
24+ 7800+ 210+ 5000+ H1FY26 | Strengthening SMALL TOWN INITIATIVE outreach
Page 15
INTERNATIONAL BUSINESS & STAQO
Page 16
Australia | Q2 & H1 FY26 (INR Cr.) Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 Act TOTAL REVENUE 105 92 105 202 197 Gross Margin 48.4% 54.6% 53.6% 48.7% 54.1% OTHER EXPENSES 46.3% 47.9% 44.2% 46.4% 45.9% EBITDA 2.1% 6.8% 9.5% 2.4% 8.2%
Page 17
Spain | Q2 & H1 FY26 (INR Cr.) Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 Act TOTAL REVENUE 86 86 93 175 179 Gross Margin 32.0% 30.1% 33.6% 29.6% 31.9% OTHER EXPENSES 20.1% 24.4% 22.7% 20.0% 23.5% EBITDA 11.9% 5.7% 10.9% 9.6% 8.4%
Page 18
STAQO : Q2 & H1 FY26 (INR Cr.) Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 Act TOTAL REVENUE 12 14 16 24 30 TOTAL EXPENSES 68.3% 67.6% 73.5% 65.7% 70.6% EBITDA 31.7% 32.4% 26.5% 34.3% 29.4%
Page 19
SFL | ESG & CSR Initiatives
Page 20
FY2025 FY2030 Energy - Solar 25% 37% Waste Reduction 15% 13% Gender Diversity 6% 10% Employment of Persons with Disability 6 11 Safety Internal Audits ISO 45001 FOUR SUSTAINABLE DEVELOPMENT GOALS identified
Page 21
Environment - Focus Areas E N E R G Y W A T E R W A S T E Reduce water consumption intensity FY25- 0.85KL/MT FY26-0.83KL/MT FY30-0.76KL/MT • Institutionalized audits to map source, use, and recycling % Monetize waste & Reduce disposal cost FY25 – 15% FY26 – 14.5% FY30 – 13%* • Kaizens for value recovery • Reduce & Redesign one-way packaging • Safe disposal & hazardous waste neutralization *100% monetization
Page 22
Social - Focus Areas G E N D E R D I V E R S I T Y E M P L O Y M E N T O F P E R S O N S W I T H D I S A B I L I T Y S A F E T Y Uplifting Society FY25 - 6 persons FY26 - 7 persons FY30 - 11 persons Enhancing Safety Standards FY25 – Internal Audits FY26 – Internal Audits FY30 – ISO 45001
Page 23
Governance Key committees Objective
Page 24
CSR Framework
Page 25
Vision Our Key Pillars
Page 26
Our First Pillar - Emotional wellness Key objective Initiatives FY25 Achievements Achievement till Sept’25
Page 27
Our Second Pillar - Skill Development Key objective Initiatives FY25 Achievements Impact till Sept’25
Page 28
Glimpses
Page 29
Glimpses
Page 30
Recent awards and accolades SFL recognized by Rotary India for best project in ‘ Community and Skill Development’ in the country
Page 31
Marketing Initiatives 1. Festive Campaigns 2. Website 3. Platform Listing 4. Product Launches 5. Influencer Collaborations 6. Social & Digital Engagement
Page 32
Festive campaigns 36 M+
Page 33
Festive campaigns
Page 34
Website
Page 35
Platform Listing
Page 36
Product Launches (Sleepwell SpineTech & Durafirm)
Page 37
Product Launches (Kurlon Duorest)
Page 38
Product Launches (Kurlon OrthoMagic)
Page 39
Product Launches (Kurlobond)
Page 40
Product Launches (Sleepwell Pillows)
Page 41
Product Launches (Sleepwell Mattress Protector)
Page 42
Influencers promotions AQNLNscfBsoinyvF-kmEq8EVB9FQ_rmVVxE-LNdzo_pn3DlrBOj5B2wv5x6z23BrGplqUnaE4U6vIB27V_CKI-OW1svG1QuxGSqft-Y.mp4 AQM0mXnhi_wEdWWdiStKDjEVnO-bAdH-iTT_pqm09qqWeSGd6fad0TtkNFbV9tSYp83tytJwnPi2T-ezLNQ3krGqmNXoNYWSTLqXgcQ.mp4 AQPnqespI2GmFmAklFT9yMVeaG-HdjZsAB3fINVx6AW8mSeDmXzamyC1XSG8VBI6ujQvgz_P2vGCZ2dpKG3MuUJAIFfDSzN3xcMo0tk.mp4 8M+ Views 120+ Influencer Collaborations
Page 43
Kurlon OFFICIAL PARTNER’s FOR KANTARA CHAPTER 1 LAUCH Kurlon Kantara Collaboration
Page 44
4500+ GMB PROFILES Discoverability and SEO
Page 45
102 M+ Overall social engagement Social and digital engagement
Page 46
WhatsApp engagement
Page 47
Financials
Page 48
Consolidated income statement (INR Cr) Particulars H1 FY26 H1 FY25 Y-O-Y Revenue from Operations 1,696 1,622 5% Operating Expenses 1,520 1,487 Core EBITDA 177 135 31% Core EBITDA Margin (%) 10.4% 8.3% Forex MTM Loss 14 5 Reported EBITDA 162 130 Other Income 20 62 Depreciation 96 87 9% Finance Cost 57 57 PBT 30 49 Exceptional Item 8 -31 Tax 9 19 Share in profit/(loss) of Joint venture 4 0 PAT 17 60 PAT Margin (%) 1.0% 3.7% Other Comprehensive Income 41 17 Total Comprehensive Income 58 77 Basic/Diluted EPS (INR) 1.48 5.45
Page 49
Consolidated income statement (INR Cr) Particulars Q2-FY26 Q2-FY25 Y-O-Y Q1-FY26 Q-O-Q Revenue from Operations 875 813 8% 821 7% Operating Expenses 784 737 736 Core EBITDA 91 75 21% 85 7% Core EBITDA Margin (%) 10.4% 9.3% 10.4% Forex MTM Loss 4 5 10 Reported EBITDA 87 70 75 Other Income 11 32 10 Depreciation 50 48 3% 46 7% Finance Cost 28 28 29 PBT 20 26 10 Exceptional Item 8 - - Tax 5 6 5 Share in profit/(loss) of Joint venture 2 0 2 PAT 10 20 7 PAT Margin (%) 1.1% 2.5% 0.8% Other Comprehensive Income 18 17 23 Total Comprehensive Income 28 38 30 Basic/Diluted EPS (INR) 0.88 1.82 - 0.60 -
Page 50
Standalone Income Statement (INR Cr) Particulars H1 FY26 H1 FY25 Y-O-Y Revenue from Operations 1,301 1,233 6% Operating Expenses 1,164 1,126 Core EBITDA 137 107 28% Core EBITDA Margin (%) 11% 9% Forex MTM Loss 14 5 Reported EBITDA 123 102 Other Income 16 58 Depreciation 63 63 Finance Cost 45 45 PBT 32 52 Exceptional Item 8 -31 Tax 8 21 PAT 16 62 PAT Margin (%) 1% 5% Other Comprehensive Income 0.5 -0.2 Total Comprehensive Income 17 62 Basic/Diluted EPS (INR) 1.49 5.66
Page 51
Standalone income statement (INR Cr) Particulars Q2-FY26 Q2-FY25 Y-O-Y Q1-FY26 Q-O-Q Revenue from Operations 667 615 8% 635 5% Operating Expenses 600 555 564 Core EBITDA 67 60 11% 70 -5% Core EBITDA Margin (%) 10.0% 9.8% 11.1% Forex MTM Loss 4 5 10 Reported EBITDA 63 55 60 Other Income 8 30 8 Depreciation 33 35 30 Finance Cost 22 22 23 PBT 16 27 -42% 16 0% Exceptional Item 8 - - Tax 2 6 5 PAT 6 21 -73% 11 -47% PAT Margin (%) 0.8% 3.4% 1.7% Other Comprehensive Income 2 1 -1 Total Comprehensive Income 7 22 9 Basic/Diluted EPS (INR) 0.52 1.93 0.98
Page 52
Thank you For further information, please visit www.Sheelafoam.comor contact: Mr. Nikunj Jain – nikunj.jain@sheelafoam.com(7838025553) Mr. Iquebal Ahmad - iquebal.ahmad@sheelafoam.com(9717096729) IR Advisor - Mr. D. Balasubramanyam - baladanturti@yahoo.com (8130755166)
Page 53
ANNEXURE 1. Glossary 2. Q2 - YoY & QoQ comparison 3. Q2 - YoY & QoQ comparison – Segment wise 4. Raw Material Price & Gross Margins Movements
Page 54
GLOSSARY *Now merged in Sheela Foam Limited
Page 55
Financial performance (INR Cr) Standalone (SFL + KEL) Consolidated Q2 FY25 Q2 FY26 YoY Q1 FY26 QoQ Q2 FY25 Q2 FY26 YoY Q1 FY26 QoQ TOTAL REVENUE 615 667 8% 635 5% 813 875 8% 821 7% GROSS MARGIN 45.4% 43.9% (1.5%) 44.4% (0.5%) 44.9% 44.7% (0.2%) 44.6% 0.1% CORE EBITDA* 60 67 11% 70 (5%) 75 91 22% 85 7% CORE EBITDA %* 9.8% 10.0% 20bps 11.1% (110bps) 9.2% 10.5% 130bps 10.4% *before Forex MTM
Page 56
Q2 FY26 Standalone – segment wise ^realignment inter-verticals in Q2 & H1FY25 to reflect current tracking post full year of KEL integration Volume Value (Cr) Q2 FY25 Q2 FY26 YoY Q1 FY26 QoQ Q2 FY25^ Q2 FY26 Change Q1 FY26 QoQ MATTRESS - TOTAL 722K 814K 13% 813K 0% 293 330 13% 320 3% FOAM - TOTAL 11847 Tn 12909 Tn 9% 11353 Tn 14% 300 313 4% 289 8% TECHNICAL FOAM 4729 Tn 5353 Tn 13% 4504 Tn 19% 132 142 7% 127 11% COMFORT FOAM 5764 Tn 6214 Tn 8% 5576 Tn 11% 118 120 1% 113 6% FURNITURE CUSHIONING 1354 Tn 1343 Tn (1%) 1273 Tn 6% 49 52 5% 49 6% OTHERS MIXED (N.A) MIXED (N.A) MIXED (N.A) 22 24 10% 25 1% TOTAL 615 667 9% 635 5%
Page 57
Raw material | Prices and Gross Margins (%) 201 200 196 173 172 126 120 117 110 107 Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 TDI POLYOL 48.4% 52.8% 53.5% 54.6% 53.6% Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Australia - Joyce 32.0% 29.8% 29.5% 30.1% 33.6% Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Spain - Interplasp TDI & Polyol Price Trend (INR/KG) SFL Consolidated Gross Margins (%) Gross Margins (%) 44.9% 40.6% 43.4% 44.6% 44.7% Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 45.4% 39.7% 42.7% 44.4% 43.9% Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Standalone