Sheela Foam Limited Sheela Foam Limited has appointed Avantika Singh Gautam as a non-executive, non-independent director for a term of five years, effective August 4, 2026. The Board of Directors approved the appointment at its meeting held on August 4, 2026, based on the recommendation of the Nomination & Remuneration Committee. The appointment remains subject to the approval of the shareholders. This move adds a senior media professional with extensive experience in national and international affairs to the company’s governance structure.

The appointment was disclosed to the BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with Schedule III, Part A, Para A of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Md. Iquebal Ahmad, Company Secretary & Compliance Officer, signed the intimation.

Director Profile and Background

Avantika Singh Gautam (DIN: 08368772) is a broadcast journalist, senior news anchor, and media professional with over two decades of distinguished experience. She has served as a prime-time anchor with the India Today Group and Network18. Additionally, she worked with Teach For India, a member of the global Teach For All network, where she led strategy and execution for expansion initiatives.

Her academic credentials include completing the Persuasive Communication programme at the Harvard Kennedy School and earning a Master's degree in Global Leadership and Global Affairs from The Fletcher School at Tufts University.

Disclosure of Relationships

The filing discloses family relationships between Ms. Gautam and existing directors. Ms. Avantika Singh Gautam is the wife of Mr. Tushaar Gautam and the daughter-in-law of Mr. Rahul Gautam and Ms. Namita Gautam. These relationships are relevant for determining independence status under listing regulations.

Ms. Gautam is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority, as required pursuant to BSE Circular ref. no. LIST/COMP/14/2018-19 and NSE ref. no. NSE/ML/2018/24 dated June 20, 2018.

Sheela Foam Limited , operating under its flagship Sleepwell brand, reported a consolidated net profit of ₹62 crore for the quarter ended June 30, 2026 (Q1FY27), representing a 9.5-fold increase from ₹7 crore in the same period last year. The company achieved a historic milestone by crossing ₹1,000 crore in quarterly revenue for the first time, reaching ₹1,032 crore, while consolidated EBITDA expanded by 45% to ₹109 crore. This performance underscores strong operational leverage and value-accretive growth across both mattress and foam segments.

Q1FY27 Financial Highlights

The Board of Directors approved the unaudited financial results on August 04, 2026. The group delivered broad-based improvement across key metrics, with EBITDA margins expanding by 139 basis points to 10.6% from 9.2% year-on-year. Cash earnings per share (EPS) stood at ₹10.3 for the quarter.

The significant jump in profitability was driven by higher value growth in both core business units. Standalone results also reflected this trend, though consolidated figures highlight the synergistic benefits of the group structure.

Operational Drivers and Segment Performance

Management attributed the growth to robust demand and successful execution of digital initiatives. The mattress segment registered a 6% volume growth and a 15% value growth year-on-year. Meanwhile, the foam segment saw volumes rise by 4% and value surge by 26%, indicating improved pricing power and mix optimization.

E-commerce channels continued to gain scale, with sales on brand.com growing 69% year-on-year and marketplace platform sales increasing by 19%. Chairman and Managing Director Rahul Gautam stated that the company is well-positioned to sustain this momentum through integrated operations and expanding market reach.

Balance Sheet and Strategic Outlook

Sheela Foam continues to strengthen its financial position. Outstanding unsecured non-convertible debentures (NCDs) were reduced to ₹181.25 crore from ₹362.50 crore at the end of FY26, demonstrating active debt repayment. The debt-equity ratio improved to 0.27 times from 0.28 times on a consolidated basis. A NIL certificate of Security Cover was issued pursuant to Regulation 54 of SEBI Listing Regulations.

Independent auditors MSK A & Associates LLP reviewed the financial statements. Partner Nipun Gupta confirmed that nothing came to their attention to suggest material misstatement. The audit committee reviewed the results prior to board approval.

What the Numbers Show

The divergence between volume and value growth signals a strategic shift towards premiumization. While mattress volumes grew modestly at 6%, value growth of 15% suggests consumers are trading up to higher-priced products. Similarly, the foam segment’s 26% value growth against only 4% volume growth indicates strong pricing power or a shift towards higher-margin specialty foams. This value-accretive growth is the primary driver behind the 139 basis point expansion in EBITDA margins, highlighting improved operational efficiency beyond simple top-line expansion.