Sheela Foam - Poised To Drive High Double Digit Growth: IDBI Capital

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..IDBI Capital Report.We interacted with the management of Sheela Foam Ltd. The company expects to grow revenue at 15% compound annual growth rate, ahead of industry growth at 10%. Sheela Foam is also aiming to venture aggressively into mass mattress market (at Rs 2000-2500 price point), which is currently largely unorganised. In markets where Sheela Foam existed since long (like North India), they enjoy 40% plus market share. Sheela Foam is number one mattress player in India with 25% market share. Company targets to grow business in Tamil Nadu and Kerala and increase penetration in East through distribution expansion. Disruption from online businesses is likely to be limited as there is no significant margin/distribution-cost gap between an online and an offline retailer. The company aims to maintain Ebitda margin in range of 14-15% during FY23E-FY24E..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 - Poised To Drive High Double Digit Growth: IDBI Capital

Sheela Foam - Poised To Drive High Double Digit Growth: IDBI Capital

Choose a plan