Cupid Limited management has expressed confidence in surpassing its previously set financial targets, expecting to exceed ₹335 crore in revenue and ₹100 crore in profit by FY26. The manufacturer and exporter of male condoms, female condoms, water-based lubricants, and in vitro diagnostics kits attributes this optimistic outlook to improved operations, steady market demand, and significant progress in execution of its strategic initiatives.

Revised FY26 Financial Projections

The company's management has indicated strong confidence in exceeding their established financial milestones, driven by operational improvements and market positioning. The enhanced performance expectations reflect the company's strategic focus on execution and operational efficiency.

Operational Excellence and Market Demand

The company's improved operational framework has positioned it well to capitalize on steady market demand across its product portfolio. Management's confidence stems from tangible progress in execution of strategic initiatives, which has enhanced the company's ability to deliver on financial commitments. The focus on operational efficiency has created a foundation for sustainable growth and improved profitability metrics.

Previous Market Concerns Addressed

Earlier, Cupid Limited had issued statements to stock exchanges addressing unusual movements in share price and trading volume, while warning against false rumors being circulated to damage the company's reputation. The management had clarified that no undisclosed material events warranted market volatility and emphasized their commitment to transparent communication through official channels.

Strategic Execution and Stakeholder Value

The company continues to demonstrate its commitment to long-term value creation objectives while maintaining focus on protecting stakeholder interests. The enhanced financial projections reflect management's confidence in the company's strategic direction and operational capabilities, supported by steady market demand and improved execution frameworks across business segments.

Cupid shares extended their remarkable rally for the 15th consecutive trading session on Thursday, hitting a fresh all-time high of ₹526.00 on BSE. The small-cap FMCG player has demonstrated sustained buying interest, with the stock surging approximately 34% over just the last 15 trading sessions. The momentum has been even more impressive over a longer timeframe, with the stock delivering multibagger returns of nearly 141% in the past three months, more than doubling investor wealth during this period.

Strategic International Expansion

In a significant development, Cupid announced on December 29, 2025, that its Board of Directors has granted in-principle approval to establish a new FMCG manufacturing facility in the Kingdom of Saudi Arabia. This represents the company's first manufacturing unit outside India, marking a major milestone in its global expansion strategy.

The proposed facility is designed to support the company's FMCG growth strategy and strengthen its footprint in overseas markets, particularly within the GCC region. By establishing manufacturing operations closer to key international markets, Cupid aims to improve supply efficiency, reduce delivery timelines, and enhance product availability across Saudi Arabia and other GCC countries.

Improved Promoter Confidence

On December 23, 2025, the company disclosed a significant reduction in pledged shares by its promoter and promoter group. The pledged equity decreased substantially from 36.13% as of September 30, 2025, to 20.00%, indicating improved financial strength and stronger promoter confidence in the company's long-term growth prospects.

Lower promoter pledging is generally viewed positively by investors as it reduces balance sheet risk and demonstrates management's confidence in the business outlook.

Valuation and Technical Analysis

At current market prices, Cupid is trading at elevated valuation levels, reflecting strong growth expectations factored in by the market:

These premium multiples indicate that investors are willing to pay a significant premium for the company's future expansion prospects and growth potential.

From a technical perspective, Cupid continues to exhibit strong bullish momentum, though indicators suggest the rally may be stretched in the near term. The 14-day Relative Strength Index stands at 93.00, well above the 80.00 mark, placing the stock in a strongly overbought zone. Such elevated RSI levels often signal the possibility of short-term correction or consolidation.

Despite overbought conditions, the broader trend remains positive. The stock is currently trading above all key short and long-term moving averages, maintaining a bullish structure across all eight simple moving averages, which reinforces the underlying strength of the ongoing uptrend.

Market Outlook

Cupid's recent rally appears to be driven by a combination of strong price momentum, improving promoter confidence, and strategic international expansion plans. The company's decision to establish manufacturing operations in Saudi Arabia represents a significant step toward geographic diversification and market expansion. However, elevated valuations and overbought technical indicators suggest that investors may exercise caution in the near term while monitoring the stock's ability to sustain current momentum levels.