Sheela Foam, Sleepwell and Kurlon mattress brand owner, predicts 14-15% CAGR and targets ₹1000 crore revenue after rebranding Kurlon.
Sheela Foam, owner of Sleepwell and Kurlon mattress brands, predicts a 14-15% CAGR in the next 3-5 years. Following Kurlon's acquisition, it's been rebranded and aims to exceed ₹1,000 crore in revenue. The Indian mattress market, worth ₹15,000 crore, is moving towards branded players in urban areas. Sheela Foam plans to maintain a combined 29-30% market share via innovations and expanded product categories.
June 09, 2024
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