Sheela Foam - Capacity Addition, New Launches To Drive Topline: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.We met the management of Sheela Foam Ltd. to get an insight into its business and future plans. Sheela Foam is the market leader in the domestic mattresses industry with value market share of ~25%. The company’s brand 'Sleepwell' is one of the leading brands in the domestic mattresses industry. It has a pan India presence through 5400 plus exclusive retail dealers and 6100 plus multi brand outlets. Apart from India (contributes ~70% in topline), the company also manufactures polyutherene foams in Australia and Spain with revenue contributions of 16% and 14% respectively. Sheela Foam has envisaged a capex of Rs 350 crore to increase its consolidated capacity by ~30% in the next two years.Revenue, earnings grew at compound annual growth rate of 11%, 12%, respectively, in FY17-22. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sheela Foam - Capacity Addition, New Launches To Drive Topline: ICICI Direct

Sheela Foam - Capacity Addition, New Launches To Drive Topline: ICICI Direct

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