Sheela Foam Q2 Profit Hits Rs 46 Cr

Consolidated revenue stood at Rs 1,045.03 crore, while consolidated net profit reached Rs 46.42 crore for the quarter ended September 30, 2026.

Reader Takeaway: Revenue growth remains intact, but bottom-line performance faced pressure; Furlenco consolidation is a major structural shift.

What just happened

Sheela Foam released its financial results for the quarter ended September 30, 2026, showing steady top-line growth. Consolidated revenue grew to Rs 1,045.03 crore compared to Rs 874.94 crore in the same quarter last year. However, net profit for the quarter came in at Rs 46.42 crore, down from Rs 62.34 crore in the June 2026 quarter. On the corporate front, the company finalized an amendment on October 1, 2026, making House of Kieraya Limited (Furlenco) a subsidiary rather than a jointly controlled entity. Additionally, the company fully cleared its listed unsecured Non-convertible debentures (NCDs) on October 6, 2026.

Why this matters

The acquisition of control over Furlenco marks a significant change in the company's organizational structure, which will impact future consolidated financial reporting. Shareholders should track how the integration of Furlenco influences operating margins and group-level earnings. The debt repayment is a positive indicator of the company's commitment to deleveraging its balance sheet.

Context metrics

The reported results for both the June 2026 and September 2026 periods included a one-time gain of Rs 6.26 crore from the sale of land and building in Haridwar, Uttarakhand. Excluding this, the underlying quarterly performance highlights the current operational environment.

What to track next

Investors should monitor the impact of the Furlenco consolidation on the company's consolidated balance sheet and profitability in upcoming quarters as the business is integrated into the group.