Excelsior Correspondent
JAMMU, Feb 4: Sheela Foam Limited, manufacturer of Mattresses and Foam, has reported a double digit volume growth (11 per cent) in its Mattress business in Q3 FY19 despite a severe liquidity crunch in the financial market.
A handout stated that the company believes that volumes are definitely shifting from the unorganised to the organised.
The Value Growth in the total Mattress segment was also more than 10 per cent.
The handout further stated that these products are sold through the Company’s increasing outlets wherein as on December 31 there were over 6800 outlets including 3800 exclusive branded outlets and remaining multi branded outlets.
The handout further stated that the Company has recently added Home Comfort Products like Bed Sheets, Blankets and Pillows in its range.
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