Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q3 FY26 Earnings Presentation
52 slides from Sheela Foam's earnings presentation, Feb 3, 2026
Slide 1: Cover letter to stock exchanges: Investor Presentation
February 03, 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 Q3 & 9M FY26
SHEELA FOAM LIMITED Earnings Presentation Q3 & 9M FY26
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 - 9M FY26 > Operating Highlights - 9M FY26 > Financial Performance & Key Initiatives — Segment-wise > Financial Performance — Geography-wise > ESG & CSR Framework > Marketing Initiatives > Financials > Annexures
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: Sheela Foam: Group of companies and brands
Sheela Foam : Group of companies and brands India business International business Mattress & foam business International subsidiaries a _—~ J @O fore, Sleepwell kurlon oyce Sey newloce Furniture rental business International consumer brand FURLENCO Twat AIR RIGHT FEELING IT business <°Stagqo plus +
Slide 8: Financial Highlights Q3 FY26 9M FY26
FINANCIAL HIGHLIGHTS Q3 FY26 9M FY26 53 cr 69 cr PAT - Consol PAT - Consol 10.9% 10.6% CORE EBITDA CORE EBITDA Consol Consol 11% 20% 11% 12% Mattress Foam Mattress Foam YoY Volume Growth YoY Volume Growth
Slide 9: Financial highlights - Q3 & 9M FY26
Financial highlights - Q3 & 9M FY26 Q3 FY26 10.3 % 12.5 % 11.9 % 10.11 Standalone Joyce (Australia) Interplasp (Spain) Consolidated CORE EBITDA EBITDA EBITDA Cash EPS 9M FY26 10.4 % 9.8 % 9.7 % 19.06 Standalone Joyce (Australia) Interplasp (Spain) Consolidated CORE EBITDA EBITDA EBITDA Cash EPS
Slide 10: Financial Highlights | 9M FY26 (YoY)
Financial Highlights | 9M FY26 (YoY) Consolidated Standalone (SFL + KEL)
Slide 11: Financial performance (INR Cr) - 9M
Financial performance (INR Cr) Standalone Consolidated SFL + KEL 9M FY25 9M FY26 Change 9M FY25 9M FY26 Change TOTAL REVENUE 2013 2143 6% 2590 2771 7% GROSS MARGIN 42.4% 42.7% 0.3% 42.5% 43.5% 1.1% CORE EBITDA %* 8.3% 10.4% 2.1% 8.5% 10.6% 2.1% CORE EBITDA* 168 224 33% 219 293 34% *before Forex MTM
Slide 12: Financial performance (INR Cr) - Q3
Financial performance (INR Cr) Standalone Consolidated SFL + KEL Q3 FY25 Q3 FY26 YoY Q2 FY26 QoQ Q3 FY25 Q3 FY26 YoY Q2 FY26 QoQ TOTAL REVENUE 781 842 8% 667 26% 967 1074 11% 875 23% GROSS MARGIN 39.7% 40.5% 0.8% 43.9% -3.4% 40.6% 41.7% 1.1% 44.7% -3.0% CORE EBITDA %* 7.8% 10.3% 2.5% 10.0% 0.3% 8.7%
Slide 13: Operational Highlights | 9M FY26 (YoY)
Operational Highlights | 9M FY26 (YoY)
Slide 14: 9M FY26 Standalone – segment wise
9M FY26 Standalone – segment wise Volume Value (Cr) 9M FY25 9M FY26 Change 9M FY25 9M FY26 Change MATTRESS - TOTAL 2499 K 2778 K 11% 1009 1102 9% FOAM - TOTAL 34816 Tn 39113 Tn 12% 899 957 6% TECHNICAL FOAM 13412 Tn 15251 Tn 14% 382 416 9% COMFORT FOAM 17008 Tn 19606 Tn 15% 361 385 7% FURNITURE CUSH
Slide 15: Q3 FY26 Standalone – segment wise
Q3 FY26 Standalone – segment wise Volume Value (Cr) Q3 FY25 Q3 FY26 YoY Q2 FY26 QoQ Q3 FY25 Q3 FY26 YoY Q2 FY26 QoQ MATTRESS - TOTAL 1040 K 1151 K 11% 814 K 41% 422 452 7% 330 37% FOAM - TOTAL 12356 Tn 14851 Tn 20% 12909 Tn 15% 316 354 12% 313 13% TECHNICAL FOAM 4500 Tn 5394 Tn 20% 5353 Tn 1% 126 14
Slide 16: 9M FY26 | Mattresses & Foam – key initiatives
9M FY26 | Mattresses & Foam – key initiatives Mattress Comfort Foam Technical Foam Furniture Cushioning
Slide 17: 9M FY26 | E-com Driving Volume Growth
9M FY26 | E-com Driving Volume Growth H1 YoY SALES H1 YoY SALES 138% GROWTH ON BRAND.COM 39% GROWTH ON PLATFORMS
Slide 18: Strengthening U20 unorganized to organized outreach
9M FY26 | Strengthening (U20) UNORGANIZED TO ORGANIZED outreach 8100+ 230+ 5100+ 24+
Slide 19: Across channels & geographies
across channels & geographies RETAIL CHANNEL COCO U20 ONLINE FOAM FURLENCO
Slide 20: International Business & STAQO
INTERNATIONAL BUSINESS & STAQO
Slide 21: International business: back on track
back on track International business leveraging India’s network & relationships Purchasing raw material from low-cost markets to improve profitability AUSTRALIA Better sales realizations in Spain aiding growth Reduction in overhead & fixed expenses bringing back Australia’s profitability Substantial
Slide 22: Australia | Q3 & 9M FY26 (INR Cr.)
Australia | Q3 & 9M FY26 (INR Cr.) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 TOTAL REVENUE 99 105 116 300 312 Gross Margin 52.8% 53.6% 53.6% 50.1% 53.9% OTHER EXPENSES 39.5% 44.2% 41.1% 44.1% 44.1% EBITDA 13.3% 9.5% 12.5% 6.0% 9.8%
Slide 23: Spain | Q3 & 9M FY26 (INR Cr.)
Spain | Q3 & 9M FY26 (INR Cr.) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 TOTAL REVENUE 81 93 102 257 281 Gross Margin 29.8% 33.6% 32.3% 29.6% 32.0% OTHER EXPENSES 22.1% 22.7% 20.4% 20.6% 22.4% EBITDA 7.7% 10.9% 11.9% 9.0% 9.7%
Slide 24: STAQO: Q3 & 9M FY26 (INR Cr.)
STAQO : Q3 & 9M FY26 (INR Cr.) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 TOTAL REVENUE 12 16 20 37 50 TOTAL EXPENSES 69.9% 73.5% 71.0% 67.1% 70.9% EBITDA 30.1% 26.5% 29.0% 32.9% 29.1%
Slide 25: SFL | ESG & CSR Initiatives
SFL | ESG & CSR Initiatives
Slide 26: Strategy plan for Sustainability 2030
Strategy plan for Sustainability 2030 4 Sustainable Developmental Goals (SDG) identified for 2030 Sustainability plan 2025 2030 SUSTAINABLE DEVELOPMENT GOALS Gender Diversity 6% 10% Energy - Solar 25% 37% Waste Reduction 15% 13% Employment of Persons 6 11 with Disability Safety Internal Audits ISO 4
Slide 27: Environment
Environment ENERGY WATER WASTE Reduce water consumption intensity Monetize waste & Reduce disposal cost & Process Waste Reduction FY25- 0.85KL/MT FY25 – 15% FY26-0.83KL/MT FY26 – 14.5% FY30-0.76KL/MT FY30 – 13%* • 500 kWp solar capacity installed at • Institutionalized audits to map • Kaizens for va
Slide 28: Social
Social GENDER EMPLOYMENT OF PERSONS SAFETY DIVERSITY WITH DISABILITY Uplifting Society Enhancing Safety Standards FY25 - 6 persons FY25 – Internal Audits FY26 - 7 persons FY26 – Internal Audits FY30 - 11 persons FY30 – ISO 45001
Slide 29: Governance
Governance Key committees Objective
Slide 30: CSR Framework
CSR Framework
Slide 31: CSR Vision and Key Pillars
CSR Vision We will continue to be recognized as an honest organisation awakening, empowering and inspiring the youth of India with our initiatives of awareness, action and advocacy for qualitative change in their lives And proactive emotional wellness of society Our Key Pillars Driving social change
Slide 32: Skill Development
Skill Development initiatives Key objective FY25 Achievements Impact till Dec’25
Slide 33: Emotional wellness
Emotional wellness initiatives Key objective FY25 Achievements Impact till Dec’25 Workshops - 26 Participants - 1,205 Participants - 78
Slide 34: CSR | in actions
CSR | in actions Nour oe oe oe SHEELA FOAM - EARNINGS PRESENTATION Q3 & 9M FY26
Slide 35: CSR | in actions
CSR | in actions SHEELA FOAM - EARNINGS PRESENTATION Q3 & 9M FY26
Slide 36: CSR | in actions
CSR | in actions ny SHEELA FOAM - EARNINGS PRESENTATION Q3 & 9M FY26 plus +
Slide 37: Marketing Initiatives
Marketing Initiatives 1. Campaigns 2. Influencer Collaborations 3. Product Launches
Slide 38: Wedding Campaigns | Sleepwell
Wedding Campaigns | Sleepwell
Slide 39: New Year Campaigns | Kurlon
New Year Campaigns | Kurlon Fo —_ ew 6e ‘ge ° kurlon © “@ai *** kurlon * This new year make comfort This new year make comfort your resolution with Kurlon your resoLution with Kurlon __ Pic your ‘ perfect eran ~ beginning ‘ ““perfectz . = beginning” “¢@ Easy EMI offers S.—~ pieisbs sesmny eee Ze SHE
Slide 40: Festive Campaigns | Kurlon
Festive Campaigns | Kurlon @ wer ies z "oe karlodl @ With Kurlon's wide range, | picethe mattress that's perfect for you. Yourepickyoboutpoint. 5 vane perfect Hepes beginning” i@ Oum Qe B2 Vs W SHEELA FOAM - EARNINGS PRESENTATION Q3 & 9M FY26 a Wishing you Na very happy and’. , coinfortige Diwali, >
Slide 41: Whatsapp Campaigns | Sleepwell
Whatsapp Campaigns | Sleepwell
Slide 42: Digital Campaigns | Sleepwell
Digital Campaigns | Sleepwell Overall social reach 35 mn+
Slide 43: Brand | Influencer marketing
Brand | Influencer marketing 4.5M+ Views
Slide 44: Brand | Product launches – Sleepwell
Brand | Product launches – Sleepwell
Slide 45: Brand | Product launches – Sleepwell
Brand | Product launches – Sleepwell Featherfoam - Mattress ProSofa Jump Z – Furniture Cushioning
Slide 46: Financials
Financials plus +
Slide 47: Consolidated income statement (INR Cr) - 9M
Consolidated income statement (INR Cr) Particulars 9M FY26 9M FY25 Y-O-Y Revenue from Operations 2,771 2,590 7% Operating Expenses 2,477 2,370 Core EBITDA 293 219 34% Core EBITDA Margin (%) 10.6% 8.5% Forex MTM Loss 17 1 Reported EBITDA 277 218 Other Income 36 70 Depreciation 143 133 8% Finance Cost
Slide 48: Consolidated income statement (INR Cr) - Q3
Consolidated income statement (INR Cr) Particulars Q3-FY26 Q3-FY25 Y-O-Y Q2-FY26 Q-O-Q Revenue from Operations 1,074 967 11% 875 23% Operating Expenses 958 883 784 Core EBITDA 117 84 39% 91 28% Core EBITDA Margin (%) 10.9% 8.7% 10.4% Forex MTM Loss 2 -4 4 Reported EBITDA 114 88 87 Other Income 16 8
Slide 49: Standalone Income Statement (INR Cr) - 9M
Standalone Income Statement (INR Cr) Particulars 9M FY26 9M FY25 Y-O-Y Revenue from Operations 2,143 2,013 6% Operating Expenses 1,919 1,845 Core EBITDA 224 168 33% Core EBITDA Margin (%) 10% 8% Forex MTM Loss 17 1 Reported EBITDA 207 167 Other Income 24 69 Depreciation 93 96 Finance Cost 56 68 PBT
Slide 50: Standalone income statement (INR Cr) - Q3
Standalone income statement (INR Cr) Particulars Q3-FY26 Q3-FY25 Y-O-Y Q2-FY26 Q-O-Q Revenue from Operations 842 781 8% 667 26% Operating Expenses 755 720 600 Core EBITDA 87 61 42% 67 30% Core EBITDA Margin (%) 10.3% 7.8% 10.0% Forex MTM Loss 2 -4 4 Reported EBITDA 84 65 63 Other Income 8 11 8 Depre
Slide 51: Gross Margins (%)
Gross Margins (%) Consolidated Standalone 44.6% 44.7% 44.5% 43.9% 43.4% 41.7% 39.7% 40.4% 40.5% 40.6% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 Australia - Joyce Spain – Interplasp 53.5% 54.6% 53.6% 53.6% 33.6% 32.3% 52.8% 29.8% 29.5% 30.1% Q3-FY25 Q4-FY25 Q1-FY
Slide 52: Thank you
Thank you For further information, please visit www.Sheelafoam.com or 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)