Cupid Breweries and Distilleries Limited reported a consolidated net loss of ₹85.40 lakh for the quarter ended June 30, 2026, widening from a net loss of ₹38.02 lakh in the corresponding quarter of the previous year. On a standalone basis, the company posted a net loss of ₹14.94 lakh for Q1FY27, an improvement from the net loss of ₹20.58 lakh recorded in Q1FY26. Total income from operations remained at zero for both standalone and consolidated entities during the quarter under review.

The unaudited financial results, reviewed by the Audit Committee and approved by the Board of Directors on July 09, 2026, were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported no other income for the period. The total comprehensive loss for the consolidated entity stood at ₹85.40 lakh for the quarter ended June 30, 2026.

Equity share capital for the period stood at ₹9134.33 lakh, up from ₹5198.30 lakh in the same quarter of the previous year. Reserves, excluding revaluation reserve, were reported at ₹59593.94 lakh on a consolidated basis for the quarter ended June 30, 2026. The company's earnings per share (EPS) on a consolidated basic basis was recorded at a loss of ₹0.09 for Q1FY27, compared to a loss of ₹0.07 in Q1FY26.

Financial Performance Summary

The following table outlines the key financial metrics for the standalone and consolidated results for the quarter ended June 30, 2026:

The company, formerly known as Cupid Trades and Finance Limited, has made the detailed financial results available on its website and the BSE Limited portal.

Cupid Breweries and Distilleries Limited approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, during a Board meeting held on July 09, 2026. The results were accompanied by a Limited Review Report as required under Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board authorised officials to undertake a visit to Steinecker GmbH in Germany to evaluate advanced brewery technologies and explore potential business collaboration opportunities. This move aims to assess technological advancements that could benefit the company's operations.

Fund-Raising and Acquisitions

In a strategic move to bolster its financial framework, the Board approved the execution of mandates and agreements with prospective financial advisors, investment bankers, and consultants, including Jones Lang LaSalle (JLL). The proposed fund-raising initiative is intended to support the acquisition of operational units and strengthen the company's commercialization roadmap.

The Board also reviewed the status of the proposed acquisition of the Gopalpur Unit from United Spirits Limited (USL). The acquisition process is currently progressing with concerned Government authorities and is expected to be completed upon receipt of the requisite statutory and regulatory approvals and clearances.