Cupid Limited is positioned to deliver its best-ever quarterly performance while surpassing its FY26 guidance, demonstrating exceptional execution across its core business segments. The Mumbai-based manufacturer and exporter of male condoms, female condoms, water-based lubricants, and IVD kits has confirmed strong performance that will exceed the company's annual revenue guidance of ₹335 Cr and net profit guidance of ₹100 Cr for FY26.

Record Quarterly Performance Against Annual Targets

The company's robust operational execution has positioned it to deliver its strongest quarterly results while comfortably exceeding established financial guidance for the current fiscal year.

This exceptional performance reflects the company's effective business model execution and sustained demand momentum across its diverse product portfolio.

Ambitious Growth Targets for FY27

Building on this strong foundation, Cupid Limited has outlined ambitious targets for the upcoming fiscal year, reflecting confidence in its growth trajectory.

These targets represent significant growth expectations, supported by the company's expanding market presence and operational capabilities.

Strategic Advantages Supporting Growth

The company operates from a position of considerable strength, with multiple factors supporting its growth outlook:

• Raw Material Security: Adequate inventory ensuring no near-term challenges from crude-derived inputs, with visibility secured for the next six months
• Currency Benefits: Favorable USD-INR environment supporting export realizations
• Export Expansion: Strong growth outlook with increasing traction across international markets

Management Commentary

Mr. Aditya Kumar Halwasiya, Chairman & Managing Director, expressed satisfaction with the record performance trajectory: "We are pleased with our performance that is set to exceed our annual guidance on both revenue and profitability. This reflects the strength of our business model, disciplined execution, and growing global demand for our products."

He further emphasized the company's growth prospects: "Looking ahead, we are confident of sustaining this growth momentum. With strong export tailwinds, stable input costs, and a well-secured raw material position, we are well positioned to scale our operations meaningfully over the coming years."

Company Profile and Market Position

Established in 1993, Cupid Limited has evolved into India's premier manufacturer of male and female condoms, water-based personal lubricants, IVD kits, and various FMCG products including deodorants, perfumes, and personal care items. The company holds the distinction of being the first globally to attain WHO/UNFPA pre-qualification for both male and female condoms.

The company's international presence spans over 125 countries, with substantial revenue generated from export markets. Recent strategic initiatives include a land acquisition in Palava, Maharashtra, which will amplify production capacity by 1.5 times, adding approximately 770 million male condoms and 75 million female condoms to annual capacity.

Cupid experienced notable promoter activity with Aditya Kumar Halwasiya acquiring a substantial stake through open market purchases. The transaction demonstrates active participation by the company's leadership in the equity markets and was conducted in compliance with SEBI regulations on March 30, 2026.

Regulatory Disclosure Details

The company received formal disclosure from Mr. Aditya Kumar Halwasiya under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited from his registered address at Belair, Flat No. 18A/9A, Alipore Park Place, Alipore, Kolkata, West Bengal.

Shareholding Pattern Changes

The acquisition resulted in changes to the promoter's shareholding in the company. The detailed shareholding information shows the impact on overall promoter group holdings and diluted share capital calculations.

Company Capital Structure

The regulatory filing provides comprehensive details about Cupid Limited's capital structure and shareholding framework. The company maintains its equity share capital structure unchanged despite the promoter acquisition.

Market Implications

Promoter purchases in the open market are typically interpreted as positive signals by market participants. Such transactions often indicate management confidence in company fundamentals and belief in future growth prospects. The acquisition represents a strategic positioning by the promoter, reflecting active engagement with the company's equity structure.

Regulatory Compliance

The transaction was conducted through open market mechanisms on March 30, 2026, ensuring transparency and regulatory compliance. The disclosure includes detailed calculations of diluted share capital, accounting for outstanding convertible securities and warrants. Company Secretary and Compliance Officer facilitated the disclosure process, ensuring all stakeholders were informed of the ownership changes in accordance with SEBI requirements.