SHEELA FOAM SALES UP 11% IN Q3

Mattress and foam manufacturer Sheela Foam reported an 11 per cent growth in sales during Q3 FY19 despite the liquidity crunch in the financial market, thanks to customer preference for branded products. The value growth in the total mattress segment was also more than 10 per cent, the company said.

However, Sheela, which has over 6,800 outlets including 3,800 exclusive outlets, saw over three per cent fall in net profit.