Sheela Foam slips after weak Q4 outcome

12 May 2022 , 02:34 PM

Consolidated net sales grew 4.2% to Rs 764 crore in Q4 FY22 over Q4 FY21. The companys profit before tax declined 20.2% to Rs 61.7 crore in Q4 FY22 from Rs 77.32 crore recorded in Q4 FY21. EBITDA for Q4 FY22 declined 14.6% to Rs 72 crores, as against Rs 84 crore posted in the corresponding quarter last year. EBITDA margin stood at 9.4% in Q4 FY22. The companys total expenses rose 6.9% to Rs 717.63 crore in Q3 FY22 over Q3 FY21. On full year basis, the mattress manufacturer reported an 8.7% rise in consolidated net profit to Rs 219 crore on a 22.3% increase in net sales to Rs 2,981.81 in the financial year ended 31 March 2022 as against the financial year ended 31 March 2021. Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand Sleepwell. Powered by Capital Market – Live News