Sheela Foam shares skyrocketed on Friday, May 15, advancing as much as 20% to ₹652 per share, its upper-price band level, on the National Stock Exchange (NSE). At 9:35 am, the stock was trading up 16.38% to ₹632.35 apiece. The strong market response followed the company's robust quarterly results for the period ended March 2026.
The company delivered exceptional financial results for Q4 FY26, with consolidated profit after tax surging 597.85% to ₹91.28 crore compared to ₹13.08 crore in the year-ago period. Revenue from operations stood at ₹1,050.06 crore in January-March 2025-26, representing a 23.59% year-on-year increase from ₹849.61 crore in the corresponding period last year. According to exchange filings, the company achieved its highest-ever turnover and EBITDA in its history.
During the quarter under review, the mattress segment registered volume growth of 13%, while the foam segment climbed by 34%. The company's core EBITDA grew by 90% to ₹121 crore in Q4 FY26 from ₹64 crore a year back, with margins expanding by 400 basis points to 11.5% from 7.5% YoY. As reported by the company, this growth was backed by higher volumes, improved gross margins and operating leverage.
The company's board approved and recommended a final dividend of 20%, i.e., ₹1 per share (face value of ₹5 each) for FY26, with payment to be made within 30 days from the date of approval from shareholders. According to Chairman & Managing Director Rahul Gautam, fiscal year 2026 has been a year of realising the benefits of the Kurlon acquisition and its integration with Sheela Foam. Both Sleepwell and Kurlon brands delivered strong growth, while the foam segment also recorded commendable momentum.
