Q4 Results: Lower Discretionary Spending Hits Sheela Foam’s Earnings
A worker performs a quality control test on a mattress. (Photographer: David Paul Morris/Bloomberg)

Q4 Results: Lower Discretionary Spending Hits Sheela Foam’s Earnings

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Sheela Foam Ltd., the makers of Sleepwell brand of mattresses, reported weaker-than-expected numbers for the quarter ended March amid lower discretionary spending by consumers.“From the time demone...
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