The Company primarily is in the business of manufacturing, purchase and sale of mattress, foam and related products. Kurlon ltd is the holding company of Kurlon Enterprise Limited. They have expanded their product lines to include foam and spring mattresses and entered the furniture and furnishings business.
The Company is very much obsessed with consumer’s satisfaction & on time delivery of the goods. Its sheer focus on communicating the importance of good sleep, body posture and anti-bacterial residual helped them in spreading the awareness amongst various communities and placed them as the market leader. As the Company's long-lived assets are all located in India and the Company's revenues are derived from India.
Revenues from operation of the company, on standalone basis, increased by 3.73 % from INR 7,4447.86 Lakhs to INR 77,225.58 Lakhs whereas profit after tax for the year decreased to INR 357.96 Lakhs from INR 3,828.27 Lakhs in the previous fiscal.
On Consolidated basis the Overall Revenue increased by 5.42% from Rs. 76,725.23 Lakhs to Rs. 80,880.18 Lakhs however The Consolidated Profit after tax and other comprehensive income decreased from Rs. 3,302.81 Lakhs to Loss of Rs. 665.70 Lakhs. This fallout was witnessed because of higher input cost and ongoing transformative action plan which started to accomplish future demand in an efficient manner, but pre & post pandemic era cut down the string for them.
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Face Value of share is INR 5 / share.
Kurlon Enterprise ltd currently exports its products to Asian countries like Sri Lanka and Nepal. In the past few years, the company has won the Coir Board of India's awards for outstanding performance in export of Rubberized Coir Product. It manufactures products in 135 different configurations, Pan-India and having a retail reach out of more than 4000+ counters, 50+ Warehouses and 12 strategically located manufacturing facilities across Karnataka, Orissa, Madhya Pradesh, Uttarakhand, and Gujarat that anticipate and change with customer behavior, evolving needs and provide them with absolute comfort, convenience, good health and growth.
The Indian mattress industry is mainly dominated by the unorganized sector with the easy availability of local vendors and ginner in the neighborhood and organized sector used to be second fiddle but the scenario in commercial market was vice versa and with the rise in infrastructure project across India, hygiene concern, easy access to warehouses and e-channel along with customization and wide range of products helped the organized sector to piers in retail market and bring paradigm shift & brands like kurlon established and spread their wings in all tiers. This encouraged them to bring in new products like rubberized coir, latex foam, polyurethane foam, pillows, spring mattresses by doing various research on consumer behavior and their needs.
Majority of share is being held by the Promotors of the firm which is equivalent to 84.6% of shares, followed by Foreign Bodies (6.44%), Individuals (4.17%), Trusts (3.62%) etc.
The Company has 8 subsidiaries and has no associates or joint venture companies.
Sri. T Sudhakar Pai – MD
Mrs. Jyothi Ashish Pradhan – CEO
Mr. Abhilash Kamti – CFO