Sheela Foam Looks To Bounce Back After Kurlon Integration

Sheela Foam Ltd., the maker of Sleepwell mattresses, expects a recovery in the next six months after completing the integration of Kurlon, according to the company's Executive Chairman, Rahul Gautam. Sheela Foam posted a subdued performance in the second quarter of the current financial year, with consolidated net profit slipping 79% year-on-year to Rs 9.32 crore versus Rs 44.27 crore a year ago. The company's revenue was up 32.5% year-on-year to Rs 812.72 crore against Rs 613.18 crore in the corresponding period of the preceding fiscal. Commenting on the results, Gautam told NDTV Profit that he expected things to improve in the first half of the new Samvat with the integration of Kurlon in the final stages.