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Cupid Expects Best-Ever December Quarter Performance, Maintains FY26 Revenue Guidance Above Rs 335 Crore

Cupid anticipates Q3 FY26 to be its best quarter yet, maintaining confidence in exceeding FY26 guidance of Rs 335.00 crore revenue and Rs 100.00 crore PAT. The company benefits from a record-high order book and strong FMCG portfolio performance, with recently launched personal care products receiving positive consumer response. Despite a 20.00% stock decline on Friday, the company continues capacity expansion and international growth plans with a proposed Saudi Arabia facility.

02Jan 26

Cupid's Investment in GII Healthcare Fund Appreciates to 1.2 Times Initial Amount

Cupid Ltd announced that its investment in the GII Healthcare Fund has appreciated to approximately 1.2 times the initial amount invested in October 2025. The positive performance demonstrates successful returns on the company's strategic investment decision and contributes to its portfolio diversification beyond core FMCG operations.

02Jan 26

Cupid Reports Record High Order Book, Strengthening Business Outlook

Cupid Ltd has achieved a record high order book, representing a significant operational milestone for the mid-cap FMCG company. This development indicates strong customer demand and provides enhanced revenue visibility for upcoming periods. The record order book levels position Cupid favorably for sustained business performance and demonstrate the company's competitive strength in the FMCG sector.

02Jan 26

CUPID Reports Business Update for Q3 FY26 With Operating Growth and Global Expansion Progress

CUPID has reported a business update for Q3 FY26 showing positive operating growth and advancement in global expansion efforts. While the company indicates improved operational performance during the quarter, specific financial details and comprehensive metrics await further disclosure.

02Jan 26

Cupid Management Expects to Exceed FY26 Targets of ₹335 Crore Revenue, ₹100 Crore Profit

Cupid Limited management has expressed strong confidence in exceeding its FY26 financial targets of ₹335 crore revenue and ₹100 crore profit. The optimistic outlook is attributed to improved operational efficiency, steady market demand, and significant progress in strategic execution across the company's product portfolio of condoms, lubricants, and diagnostic kits.

01Jan 26

Cupid Shares Hit Fresh All-Time High, Surge 34% in 15 Trading Sessions

Cupid Ltd shares reached a fresh all-time high of ₹526.00, extending their rally for the 15th consecutive session with a 34% surge over 15 days and 141% returns in three months. The company announced Board approval for its first international manufacturing facility in Saudi Arabia, marking a major expansion milestone. Promoter pledging was reduced from 36.13% to 20.00%, indicating improved financial strength and confidence in long-term prospects.

31Dec 25

Cupid Ltd Hits All-Time High with 58% Monthly Surge Amid Expansion Plans

Cupid Ltd achieved a new all-time high of ₹519.90, marking a 58% monthly gain and continuing its exceptional performance trajectory. The smallcap FMCG company has delivered remarkable returns of 584% over the past year and 579.91% year-to-date. Recent strategic developments include board approval for the first overseas manufacturing facility in Saudi Arabia and a significant reduction in promoter pledged shareholding from 36.13% to 20%, demonstrating improved financial strength.

30Dec 25

Cupid Shares Hit All-Time High Following Board Approval for Saudi Arabia FMCG Facility

Cupid shares reached an all-time high of ₹506.40 with a 4.07% surge after board approval for the company's first overseas FMCG manufacturing facility in Saudi Arabia. The strategic facility aims to strengthen presence in GCC markets, enhance regional supply capabilities, and improve market speed. Founded in 1993, Cupid is India's leading contraceptives and FMCG manufacturer, recently expanding into fragrance and personal care categories, with the Saudi project funded through internal accruals pending regulatory approvals.

30Dec 25

Cupid Limited Shares Hit Fresh 52-Week High of ₹499.95, Surge 2.51% on NSE

Cupid Limited shares hit a new 52-week high of ₹499.95, closing 2.51% higher at ₹499.70 on the NSE. The stock has delivered exceptional returns of 51.50% in the past month and 555.37% year-to-date, with three-year returns exceeding 3,525%. Trading remained active with 55.81 lakh shares worth ₹274.96 crore changing hands, while the company's market cap reached ₹13,405.91 crore.

29Dec 25

Cupid Limited Receives Board Approval for Saudi Arabia FMCG Manufacturing Facility

Cupid Limited's board has approved the establishment of an FMCG manufacturing facility in Saudi Arabia, marking the company's first international manufacturing venture. The project will be funded entirely through internal accruals and is subject to regulatory approvals. This strategic expansion aims to enhance Cupid's presence in GCC markets and improve regional supply capabilities for its healthcare and FMCG products.

23Dec 25

Cupid Ltd Reduces Promoter Group Pledged Stake from 36.13% to 20%

Cupid Ltd has officially announced a significant reduction in its promoter group's pledged shareholding from 36.13% on September 30 to 20% as on date. This 16.13 percentage point decrease demonstrates improved financial governance, reduced leverage, and enhanced promoter confidence, which is viewed positively by market participants.

23Dec 25

Cupid Limited Reduces Promoter Pledged Stake to 20%

Cupid Limited has decreased its promoter share pledge from 36.13% to 20%, signifying improved financial strength and increased promoter confidence. The company, a manufacturer of condoms and FMCG products, exports to over 110 countries and has recently expanded its production capacity in Maharashtra. Cupid Limited is the first company globally to achieve WHO/UNFPA pre-qualification for both male and female condoms.

12Nov 25

Cupid Reports Best-Ever Q3 FY26 Performance with Saudi Arabia Expansion Plans

Cupid Limited delivered exceptional Q2 FY26 results with 103% operating income growth and announced Q3 FY26 as its best quarter ever. The company maintains highest-ever order book levels and expects to surpass FY26 guidance of ₹335 crore revenue and ₹100 crore PAT. Strategic expansion includes Board-approved Saudi Arabia FMCG manufacturing facility targeting March 2027 completion to serve GCC markets.

04Nov 25

Cupid Limited Secures Major Allocation in South Africa's 5-Year National Condom Program

Cupid Limited has won a significant allocation in South Africa's national condom procurement program for 2025-2030. The company will supply 23.40 million female condoms annually, representing 59% market share, and 0.77 million boxes of male condoms (153.00 million pieces). This allocation provides an annual financial visibility of $12.98 million (₹115.00 crores approx.). Cupid is preparing for program commencement in December 2025, offering various flavors for both female and male condoms. The company views this as a milestone that will strengthen its international order pipeline and exceed previous annual guidance.

18Oct 25

Cupid Limited Secures CE Certification for Diagnostic Kits, Eyes Multi-Billion Dollar IVD Market

Cupid Limited has obtained CE (EU IVDR) Certification for its CupiSURE Pregnancy Test Kit and CupiKIT Syphilis Antibody Test Kit. This certification allows distribution across the European Economic Area and other CE-recognized markets. The company is also finalizing certifications for HIV and Hepatitis B kits, expected by December 2025. These developments position Cupid to compete in global tenders and expand its presence in the growing IVD market, with projected market values for pregnancy test kits reaching $2.90 billion by 2034 and syphilis immunoassay hitting $993.00 million by 2034.

13Oct 25

Cupid Limited Clinches Maharashtra State Export Award, Showcasing Global Market Strength

Cupid Limited, a leading Indian manufacturer of healthcare and wellness products, received recognition at the Maharashtra State Export Award Ceremony on October 13 in Mumbai. The company exports to over 110 countries and is the first globally to achieve WHO/UNFPA pre-qualification for both male and female condoms. Cupid has expanded its product portfolio to include various FMCG items and recently acquired land in Palava, Maharashtra, to increase production capacity. The expansion will boost male condom production by 770 million units and female condom production by 75 million units annually, representing a 1.5-fold increase in output.

30Sept 25

Cupid Unveils 4.50 Billion Rupee Capital Raising Plan

Alcoholic beverage company Cupid has revealed plans to raise up to 4.50 billion rupees by issuing securities. The company's board approved this capital raising initiative on October 4. While specific details about the type of securities and use of funds are yet to be disclosed, this move could potentially impact Cupid's production capabilities, product development, market position, debt reduction, and acquisition strategies.

26Sept 25

Cupid Limited Promoter Boosts Stake as Company Anticipates Record Q2 Performance

Aditya Kumar Halwasiya, Promoter and CMD of Cupid Limited, increased his stake by 0.19% to 32.58%. The total promoter group holding rose to 45.56%. The company anticipates its best-ever Q2 performance, driven by new product launches, FMCG vertical growth, and strong institutional orders. FY25 saw total income of ₹203.18 Crore and net profit of ₹40.89 Crore. Strategic plans include new plant commissioning, UAE subsidiary establishment, FMCG expansion, and global diagnostics exports scale-up.

26Sept 25

Cupid Limited Anticipates Record Q2 Performance, Driven by New Products and FMCG Growth

Cupid Limited expects Q2 to be its best quarter ever, driven by new product launches, FMCG vertical growth, and strong institutional orders. The company reported total income of ₹203.18 crore and net profit of ₹40.89 crore. Strategic initiatives include capacity expansion with a new plant in Maharashtra, global expansion through a UAE subsidiary, and product certifications. The company aims to achieve ₹100 crore in FMCG revenues and expand its retail presence. Chairman Aditya Kumar Halwasiya recently increased his personal shareholding to 32.39%, with total promoter group holding at 45.37%.

25Sept 25

Cupid Limited Promoter Boosts Stake with 5 Lakh Share Acquisition

Aditya Kumar Halwasiya, Promoter, Chairman, and Managing Director of Cupid, has acquired 5,00,000 additional equity shares through open market transactions. This acquisition increases the promoter's shareholding from 32.20% to 32.39% of the total voting capital. The total promoter group holding has risen from 45.18% to 45.37%. Cupid, a manufacturer of condoms, lubricants, and IVD Kits, maintains its equity share capital at Rs. 26,84,67,140.

24Sept 25

Cupid Limited Promoter Boosts Stake: Aditya Kumar Halwasiya Acquires 11 Lakh Shares

Aditya Kumar Halwasiya, Promoter, Chairman, and Managing Director of Cupid Limited, acquired 11,00,000 equity shares through open market transactions. This increased his personal shareholding from 31.79% to 32.20%. The total promoter group holding, including Columbia Petro Chem Private Limited's 12.98% stake, now stands at 45.18% of the company's total equity. The acquisition occurred on September 24 and was disclosed to stock exchanges in compliance with SEBI regulations.

23Sept 25

Cupid Limited Promoter Boosts Stake with 10 Lakh Share Acquisition

Aditya Kumar Halwasiya, Promoter and CMD of Cupid Limited, acquired 10,00,000 equity shares through open market transactions. This increased his personal shareholding from 31.42% to 31.79%, and the total promoter group holding from 44.40% to 44.77%. The company's equity share capital stands at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The transaction was disclosed in compliance with SEBI regulations.

22Sept 25

Cupid Limited Promoter Boosts Stake with 10 Lakh Share Acquisition

Aditya Kumar Halwasiya, Promoter, Chairman, and MD of Cupid Limited, acquired 10,00,000 equity shares through open market purchases. His personal shareholding increased from 31.05% to 31.42% of total voting capital. The combined promoter group holding now stands at 44.40% of the company's total voting capital. Cupid Limited's total equity share capital remains at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each.

17Sept 25

Cupid Limited Promoter Boosts Stake: Acquires 10 Lakh Additional Shares

Aditya Kumar Halwasiya, Promoter, Chairman, and Managing Director of Cupid Limited, acquired 10,00,000 equity shares through open market transactions. This increased his personal shareholding from 30.68% to 31.05% of the total voting capital. The combined promoter group holding now stands at 44.03%. Cupid Limited's equity share capital remains at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The company has informed stock exchanges about this change in compliance with SEBI regulations.

16Sept 25

Cupid Limited Promoter Boosts Stake with 10 Lakh Share Acquisition

Aditya Kumar Halwasiya, Promoter, Chairman, and MD of Cupid Limited, acquired 10,00,000 equity shares on September 15, 2025. This increased his personal stake from 30.30% to 30.68%, and the total promoter group holding from 43.28% to 43.66%. The transaction was executed through open market purchases and disclosed to stock exchanges on September 16, 2025, in compliance with SEBI regulations.

15Sept 25

Cupid Limited Promoter Boosts Stake: Aditya Kumar Halwasiya Acquires 10 Lakh Shares

Aditya Kumar Halwasiya, Promoter, Chairman, and Managing Director of Cupid Limited, acquired 10,00,000 equity shares through open market transactions on September 12, 2025. This increased his personal shareholding from 29.93% to 30.30% of the total voting capital. The combined promoter group holding now stands at 43.28% of the total voting capital. Cupid Limited's equity share capital remains unchanged at Rs. 26,84,67,140.

12Sept 25

Cupid Limited Promoter Boosts Stake with 11 Lakh Share Acquisition

Aditya Kumar Halwasiya, a key promoter of Cupid Limited, acquired 11,00,000 equity shares through open market transactions. This increased his personal stake from 29.52% to 29.93%, and the total promoter group holding from 42.50% to 42.91%. The company's equity share capital remains at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The transaction was disclosed in compliance with SEBI regulations.

09Sept 25

Cupid Limited Expands into Luxury Fragrance Market with Strategic Stake in Saudi Arabian Brand Mansam

Cupid Limited, a manufacturer of water-based lubricants and medical devices, is acquiring a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand. The investment, made through a fund managed by GII Investment Management Limited, marks Cupid's entry into the Middle Eastern luxury sector. Mansam, founded in 2022, is positioned as the first Arabian luxury fragrance brand with global expansion plans. This move represents a significant diversification for Cupid Limited, allowing it to tap into new revenue streams in the high-growth Middle Eastern luxury market.

04Sept 25

Cupid Limited Welcomes GST Rate Cuts, Expects Boost to FMCG Growth

Cupid Limited, a manufacturer of condoms, lubricants, and IVD kits, has welcomed recent GST rate reductions announced by the GST Council. The company anticipates these changes will positively impact the FMCG sector, including its own product portfolio. The reductions are expected to benefit Cupid's product lines such as hair and body oils, face wash, and IVD diagnostic kits. The company foresees stronger consumer demand across its product range due to lower input costs and improved product accessibility. Cupid's Chairman and Managing Director, Mr. Aditya Kumar Halwasiya, views the reforms as beneficial for the consumer economy and the company's growth strategy.

18Jul 25

Cupid Ltd Shares Soar 10% on Strategic Middle East Investment

Cupid Ltd, a personal care products manufacturer, has seen its shares increase by 10% over three days, reaching an all-time high of Rs 147.00 on the BSE. This surge follows the company's investment in GII Healthcare Investment Ltd, marking its entry into the Middle East market, particularly Saudi Arabia. Cupid Ltd recently expanded its production capacity in Maharashtra and exports to over 110 countries. The company's Chairman and Managing Director, Mr. Aditya Kumar Halwasiya, has been recognized in the Avendus Wealth – Hurun India U30 List 2025.

15Jul 25

Cupid Limited Expands into Middle East Healthcare Market with Strategic Investment

Cupid Limited, an Indian healthcare and hygiene products manufacturer, has made a strategic investment in GII Healthcare Investment Limited, marking its entry into the Middle Eastern healthcare market. GII Healthcare, managed by Gulf Islamic Investments, holds a significant minority stake in a leading Saudi Arabian healthcare provider. This move aligns with Cupid's long-term vision to diversify and expand into high-growth global markets. The investment is expected to create synergies between Cupid's product portfolio and the Gulf Cooperation Council (GCC) healthcare market, potentially opening new distribution channels for the company's products including contraceptives, personal care gels, and diagnostic kits.

21May 25

CUPID's Q4 Earnings: Revenue and Profitability Decline Amid Market Challenges

CUPID Limited, a leading contraceptive industry player, released Q4 financial results showing a substantial decline in key metrics. Revenue decreased by 10.17% year-over-year to ₹565.00 million. EBITDA fell by 56.31% to ₹135.00 million, with the EBITDA margin dropping to 23.81%. Net profit declined by 51.05% to ₹116.00 million compared to the previous year. However, there was a slight 4.5% sequential growth in net profit from the previous quarter.

26Feb 25

Cupid Limited Secures ₹420 Crore Order from Tanzania's Medical Stores Department

Cupid Limited has received a substantial order for male condoms from Tanzania's Medical Stores Department, valued at approximately ₹420 crore ($5.1 million USD). The order is to be executed between May and July 2025. This development marks a significant expansion into the African market for Cupid, a leading manufacturer of condoms and healthcare products. The company's management views this as a testament to their recent efforts in relationship building and sees it as a step towards sustainable growth in both B2B and B2C sectors.