SFLNSE5 November 2025

Sheela Foam Limited has informed the Exchange about Investor Presentation

Sheela Foam Limited

To, The BSE Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip code: 540203 NSE Symbol: SFL

The National Stock Exchange India Limited

November 05, 2025

Subject: Investor Presentation

Dear Sir/Madam,

Furtherance to our intimation for investor call dated October 30, 2025 and pursuant to the regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Investor Presentation on Un-audited financial results for the quarter and half-year ended September 30, 2025.

Please take the above information on record.

Thanking You,

Yours truly, For Sheela Foam Limited

(Md. Iquebal Ahmad) Company Secretary & Compliance Officer

SHEELA FOAM LTD.

#14, Sleepwell Tower , Sector 135, Noida- 201301 Ph: Int-91-120-4868400 •Email: investorrelation@sheelafoam.com • contactus@sheelafoam.com

Regd. Office: 1002 to 1006 The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra, India, 400059 • Ph: Int-91-22-28265686/88/89 Toll Free: 1800 103 6664 • www.sleepwellproducts.com • www.sheelafoam.com CIN- L74899MH1971PLC427835

SHEELA FOAM LIMITED

Earnings Presentation Q2 & H1 FY26

Sheela Foam: Safe harbour statement

All statements included or incorporated by reference in this presentation, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates, and projections about our industry, management's beliefs, and certain assumptions made by us. Although Sheela Foam Limited (SFL) believes that the expectations reflected in such forward- looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and SFL undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. No assurance can be given that actual results, performance, or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Contents

Founders with pedigree : ably supported by professionals

Rahul Gautam – Chairman & MD

Rakesh Chahar – Deputy MD & Whole time Director

Tushaar Gautam - Vice Chairman & Joint MD

Amit Kumar Gupta - Group CFO

Company Snapshot

Update on Kurlon Merger

Operational Highlights | H1 FY26

(YoY)

EBO – Exclusive Brand Outlets | MBO – Multiple Brand Outlets

Financial Highlights | H1 FY26 Consolidated

(YoY)

Standalone (SFL + KEL)

*before Forex MTM of INR 14 cr (H1FY26)

Financial performance

Standalone (SFL + KEL)

Consolidated

H1 FY25

H1 FY26

Variance

H1 FY25

H1 FY26

Variance

TOTAL REVENUE

1233

1301

1622

1696

GROSS MARGIN

44.1%

44.2%

0.1%

43.6%

44.7%

0.9%

CORE EBITDA*

CORE EBITDA %*

107

137

28%

8.7%

10.5%

180bps

135

8.3%

177

31%

10.4%

210bps

*before Forex MTM

H1 FY26 STANDALONE – segment wise

Volume

Value (Cr)

H1 FY25

H1 FY26

Change

H1 FY25^

H1 FY26

Change

MATTRESS - TOTAL

1459K

1627K

11%

FOAM - TOTAL

22460 Tn

24262 Tn

TECHNICAL FOAM

8911 Tn

9857 Tn

COMFORT FOAM

10874 Tn

11790 Tn

FURNITURE CUSHIONING

2675 Tn

2615 Tn

11%

(2%)

OTHERS

TOTAL

MIXED (N.A)

587

583

256

229

650

11%

602

269

233

100

(23%)

1233

1301

^realignment inter-verticals in Q2 & H1FY25 to reflect current tracking post full year of KEL integration

H1 FY26 | Mattresses & Foam – key initiatives

Mattress

Comfort Foam

Technical Foam

Furniture Cushioning

H1FY26 | E-com Driving Volume Growth

135%

H1 YoY SALES GROWTH ON

BRAND.COM

58%

H1 YoY SALES GROWTH ON

PLATFORMS

H1FY26 | Strengthening SMALL TOWN INITIATIVE outreach

7800+

5000+

210+

24+

INTERNATIONAL BUSINESS & STAQO

Australia | Q2 & H1 FY26 (INR Cr.)

Q2 FY25Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 ActTOTAL REVENUE 10592105202197Gross Margin48.4%54.6%53.6%48.7%54.1%OTHER EXPENSES46.3%47.9%44.2%46.4%45.9%EBITDA2.1%6.8%9.5%2.4%8.2%Spain | Q2 & H1 FY26 (INR Cr.)

Q2 FY25Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 ActTOTAL REVENUE 868693175179Gross Margin32.0%30.1%33.6%29.6%31.9%OTHER EXPENSES20.1%24.4%22.7%20.0%23.5%EBITDA11.9%5.7%10.9%9.6%8.4%STAQO : Q2 & H1 FY26 (INR Cr.)

Q2 FY25Q1 FY26 Q2 FY26 H1 FY25 Act H1 FY26 ActTOTAL REVENUE 1214162430TOTAL EXPENSES68.3%67.6%73.5%65.7%70.6%EBITDA31.7%32.4%26.5%34.3%29.4%SFL | ESG & CSR Initiatives

FOUR SUSTAINABLE DEVELOPMENT GOALS identified

FY2025

FY2030

Energy - Solar

Waste Reduction

Gender Diversity

Employment of Persons with Disability

25%

15%

37%

13%

10%

Safety

Internal Audits

ISO 45001

Environment - Focus Areas

E N E R G Y

W A T E R

W A S T E

Reduce water consumption intensity

Monetize waste & Reduce disposal cost

FY25- 0.85KL/MT

FY26-0.83KL/MT

FY30-0.76KL/MT

FY25 – 15%

FY26 – 14.5%

FY30 – 13%*

• Institutionalized audits to map source, use, and recycling %

• Kaizens for value recovery • Reduce & Redesign one-way

packaging

• Safe disposal & hazardous waste

neutralization

*100% monetization

Social - Focus Areas

G E N D E R D I V E R S I T Y

E M P L O Y M E N T O F P E R S O N S W I T H D I S A B I L I T Y

S A F E T Y

Uplifting Society

FY25 - 6 persons

FY26 - 7 persons

FY30 - 11 persons

Enhancing Safety Standards

FY25 – Internal Audits

FY26 – Internal Audits

FY30 – ISO 45001

Governance

Key committees

Objective

CSR Framework

Vision

Our Key Pillars

Our First Pillar - Emotional wellness

Key objective

Initiatives

FY25 Achievements

Achievement till Sept’25

Our Second Pillar - Skill Development

Key objective

Initiatives

FY25 Achievements

Impact till Sept’25

Glimpses

Recent awards and accolades

SFL recognized by Rotary India for best project in ‘ Community and Skill Development’ in the country

Marketing Initiatives

1. Festive Campaigns

2. Website

3. Platform Listing

4. Product Launches

Influencer Collaborations

6. Social & Digital Engagement

Festive campaigns

36 M+

Festive campaigns

Website

Platform Listing

Product Launches (Sleepwell SpineTech & Durafirm)

Product Launches (Kurlon Duorest)

Product Launches (Kurlon OrthoMagic)

Product Launches (Kurlobond)

Product Launches (Sleepwell Pillows)

Product Launches (Sleepwell Mattress Protector)

Influencers promotions

AQNLNscfBsoinyvF-kmEq8EVB9FQ_rmVVxE-LNdzo_pn3DlrBOj5B2wv5x6z23BrGplqUnaE4U6vIB27V_CKI-OW1svG1QuxGSqft-Y.mp4

AQM0mXnhi_wEdWWdiStKDjEVnO-bAdH-iTT_pqm09qqWeSGd6fad0TtkNFbV9tSYp83tytJwnPi2T-ezLNQ3krGqmNXoNYWSTLqXgcQ.mp4

AQPnqespI2GmFmAklFT9yMVeaG-HdjZsAB3fINVx6AW8mSeDmXzamyC1XSG8VBI6ujQvgz_P2vGCZ2dpKG3MuUJAIFfDSzN3xcMo0tk.mp4

120+ Influencer

Collaborations

8M+

Views

Kurlon Kantara Collaboration

Kurlon

OFFICIAL PARTNER’s FOR KANTARA CHAPTER 1 LAUCH

Discoverability and SEO

4500+ GMB

PROFILES

Social and digital engagement

Overall social engagement

102 M+

WhatsApp engagement

Financials

Consolidated income statement (INR Cr)

ParticularsH1 FY26H1 FY25Y-O-YRevenue from Operations1,696 1,622 5%Operating Expenses1,520 1,487 Core EBITDA177 135 31%Core EBITDA Margin (%)10.4%8.3%Forex MTM Loss14 5 Reported EBITDA162 130 Other Income20 62 Depreciation96 87 9%Finance Cost57 57 PBT30 49 Exceptional Item8 -31 Tax9 19 Share in profit/(loss) of Joint venture4 0 PAT17 60 PAT Margin (%)1.0%3.7%Other Comprehensive Income41 17 Total Comprehensive Income58 77 Basic/Diluted EPS (INR)1.48 5.45 Consolidated income statement (INR Cr)

ParticularsQ2-FY26Q2-FY25Y-O-YQ1-FY26Q-O-QRevenue from Operations875 813 8%8217%Operating Expenses784 737 736Core EBITDA91 75 21%85 7%Core EBITDA Margin (%)10.4%9.3%10.4%Forex MTM Loss4 5 10 Reported EBITDA87 70 75 Other Income11 32 10 Depreciation50 48 3%46 7%Finance Cost28 28 29 PBT20 26 10 Exceptional Item8 - - Tax5 6 5 Share in profit/(loss) of Joint venture2 0 2 PAT10 20 7 PAT Margin (%)1.1%2.5%0.8%Other Comprehensive Income18 17 23 Total Comprehensive Income28 38 30 Basic/Diluted EPS (INR)0.88 1.82 - 0.60 - Standalone Income Statement (INR Cr)

ParticularsH1 FY26H1 FY25Y-O-YRevenue from Operations1,301 1,233 6%Operating Expenses1,164 1,126 Core EBITDA137 107 28%Core EBITDA Margin (%)11%9%Forex MTM Loss14 5 Reported EBITDA123 102 Other Income16 58 Depreciation63 63 Finance Cost45 45 PBT32 52 Exceptional Item8 -31 Tax8 21 PAT16 62 PAT Margin (%)1%5%Other Comprehensive Income0.5 -0.2 Total Comprehensive Income17 62 Basic/Diluted EPS (INR)1.49 5.66 Standalone income statement (INR Cr)

ParticularsQ2-FY26Q2-FY25Y-O-YQ1-FY26Q-O-QRevenue from Operations667 615 8%6355%Operating Expenses600 555 564Core EBITDA67 60 11%70 -5%Core EBITDA Margin (%)10.0%9.8%11.1%Forex MTM Loss4 5 10 Reported EBITDA63 55 60Other Income8 30 8 Depreciation33 35 30Finance Cost22 22 23 PBT16 27 -42%16 0%Exceptional Item8 - - Tax2 6 5 PAT6 21 -73%11 -47%PAT Margin (%)0.8%3.4%1.7%Other Comprehensive Income2 1 -1 Total Comprehensive Income7 22 9 Basic/Diluted EPS (INR)0.52 1.93 0.98 Thank you

For further information, please visit www.Sheelafoam.com or contact:

Mr. Nikunj Jain – nikunj.jain@sheelafoam.com (7838025553) Mr. Iquebal Ahmad - iquebal.ahmad@sheelafoam.com (9717096729)

IR Advisor - Mr. D. Balasubramanyam - baladanturti@yahoo.com (8130755166)

ANNEXURE

1. Glossary

2. Q2 - YoY & QoQ comparison

3. Q2 - YoY & QoQ comparison – Segment wise

4. Raw Material Price & Gross Margins Movements

GLOSSARY

*Now merged in Sheela Foam Limited

Financial performance (INR Cr)

Standalone (SFL + KEL)

Consolidated

Q2 FY25

Q2 FY26

YoY

Q1 FY26

QoQ

Q2 FY25

Q2 FY26

YoY

Q1 FY26

QoQ

TOTAL REVENUE

615

667

635

813

875

821

GROSS MARGIN

45.4%

43.9%

(1.5%)

44.4%

(0.5%)

44.9%

44.7%

(0.2%)

44.6%

0.1%

CORE EBITDA*

11%

(5%)

22%

CORE EBITDA %*

9.8%

10.0%

20bps

11.1%

(110bps)

9.2%

10.5%

130bps

10.4%

*before Forex MTM

Q2 FY26 Standalone – segment wise

Volume

Value (Cr)

Q2 FY25 Q2 FY26

YoY

Q1 FY26

QoQ

Q2 FY25^

Q2 FY26

Change

Q1 FY26

QoQ

MATTRESS - TOTAL

722K

814K

13%

813K

293

330

13%

320

FOAM - TOTAL

11847 Tn 12909 Tn

11353 Tn

14%

300

313

TECHNICAL FOAM

4729 Tn

5353 Tn

13%

4504 Tn

19%

COMFORT FOAM FURNITURE CUSHIONING

5764 Tn

6214 Tn

5576 Tn

11%

1354 Tn

1343 Tn

(1%)

1273 Tn

132

118

142

120

289

127

113

11%

OTHERS

TOTAL

MIXED (N.A)

10%

615

667

635

^realignment inter-verticals in Q2 & H1FY25 to reflect current tracking post full year of KEL integration

Raw material | Prices and Gross Margins (%)

TDI & Polyol Price Trend (INR/KG)

SFL Consolidated Gross Margins (%)

201

126

200

120

196

117

173

110

172

107

44.9%

40.6%

43.4%

44.6%

44.7%

Q2-FY25

Q3-FY25

Q4-FY25

Q1-FY26

Q2-FY26

Q2-FY25

Q3-FY25

Q4-FY25

Q1-FY26

Q2-FY26

TDI

POLYOL

Standalone

45.4%

39.7%

42.7%

44.4% 43.9%

48.4%

Gross Margins (%)

Australia - Joyce

Spain - Interplasp

52.8%

53.5%

54.6%

53.6%

32.0%

29.8%

29.5%

30.1%

33.6%

Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26

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Sheela Foam Limited has informed the Exchange about Investor Presentation

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