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Sheela Foam Sees Mattress Demand Returning If…

The company expects growth to return to normal if India doesn’t encounter a strong third wave of the pandemic.

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Employees prepare to load a bed and mattress set for a customer. Photographer: Patrick Fallon/Bloomberg

Sheela Foam Ltd.’s earnings missed estimates in the quarter ended March with its mainstay mattress business remaining flat. The company, however, expects growth to return to normal if India doesn’t encounter a strong third wave of the pandemic.

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