Kurlon Limited Share Price Sees Steady Performance

 

It started in 1962 to produce a rubberized type of Coir, Latex, Polyurethane Foam, Mattress, household items such as Pillows, Cushions, Bed Linens, Designed Furniture, Furnishings, etc. Kurlon soon became a renowned name in the bedding industry, and today, there is no one left who hasn’t heard of it.

In 1995, the organization's name was altered to Kurl-On Ltd. The mattress brand became the one with the most sales in India. Kurlon holds a 35%–40% market share in the mattress industry and is the country's second-largest producer of PU foams.

 

Kurl-on has been revolutionizing India since 1962, rising from humble origins to become one of the largest selling mattress manufacturers and the only industry player with a direct presence in over 150 locations, serving a wide network of over 7500 merchants.

The company provides a broad range of comfort options for retail consumers, and corporate customers such as hotels, healthcare facilities, and student accommodation who prefer highly efficient, top-quality mattresses with fire-resistant and antimicrobial fabrics. The company is the main producer of hospital-authorized beds in KL markets, and it sells its merchandise under the trademark 'Kurl-On' in the industry. With a share of the market of roughly 35% and annual sales of more than 1.2 million mattresses, it is easy to see why market domination in this niche category is so high by Kurl-On.

 

The business has obtained the India license of "Spring Air," a high-end mattress manufacturer in the US. The firm has 12 production facilities, four regional warehouses, and 70 branch locations. Kurl-On constantly delves into research and technology for their bedding line-up to ensure that the products released by them are top-notch and meet international standards.

 

Kurlon –the mattress king.

 

With an impressive portfolio of products, the performance of Kurl-On is undoubtedly good in the stock market too. With increasing new investors and revenue, Kurlon limited share price shows impressive performance. Kurlon and its subsidiaries see a steady uphill climb in their stock prices during stable and favorable stock market conditions. With an increased price per share and a rock-solid performance pan-India, the business is also aiming to enter foreign markets and is searching for partners in China and South East Asia. Kurl On is also looking to partner with local businesses in these nations to market our goods.

 

Kurl-on, which reached a record milestone of 1,000 crore INR in sales in 2019, is continuing its retail development and plans to add 10 more stores to the network of franchisee outlets it now has in the next few months.

Kurl-on asserts that it owns a 35% share of the Indian market for branded mattresses, estimated to be worth roughly 2,500 crore INR. The firm intends to invest in and expand its retail operations to reach a revenue of 1,500 crore INR by the following year.

The firm plans to generate an excess of over 2,000 crores INR in revenue over the next two years due to the causes mentioned above, which will significantly influence the worth of the Kurlon Enterprise Limited share price.