India's Sheela Foam rises after quarterly profit jumps over ninefold
05/08/2026 05:23
BUZZ-India's Sheela Foam rises after quarterly profit jumps over ninefold ** Shares of India's Sheela Foam SHEF.NS rise 3.7% to 796.50 rupees
** The mattresses maker reports June-quarter consol net profit increases more than ninefold Y/Y to 614.4 million rupees ($6.47 million) from 65.4 million rupees a year earlier
** Consol revenue from operations rises 25.7% Y/Y in the quarter
** Investec ("sell", PT 700 rupees) says overseas performance aided consolidated results, with Australia and Spain margins improving; suspects low-cost inventory gains largely aided margins
** More than 540,891 shares change hands, about 2x the 30-day average volume, according to LSEG-compiled data
** Stock up 36.3% YTD
($1 = 94.9700 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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