Cupid Limited Announces Strongest Quarter, Forecasts Revenue of ₹600 Cr in FY27
Mumbai, March 31, 2026 (BSE: 530843 | NSE: CUPID) – Cupid Limited, a premier manufacturer of male and female condoms, water-based personal lubricants, and In Vitro Diagnostics (IVD) kits, announced its strongest quarterly performance in the company’s history. The company is set to surpass its FY26 annual guidance of ₹335 crore in revenue and ₹100 crore in net profit.Cupid Limited indicated expectations of achieving revenue of at least ₹600 crore in FY27 and a net profit margin in excess of 30%.
The company cited robust growth across key business segments, strong execution, improving operating leverage, and sustained demand momentum as drivers of the performance.
Cupid Limited continues to operate from a position of strength, supported by adequate raw material inventory with visibility secured for the next six months, a favorable currency environment, and a strong export growth outlook.
“We are pleased to close a record-breaking quarter, with performance exceeding our annual guidance on both revenue and profitability,” said Mr. Aditya Kumar Halwasiya, Chairman & Managing Director. “This reflects the strength of our business model, disciplined execution, and growing global demand for our products.”
The detailed financial results for the quarter and year ended March 31, 2026 will be announced following approval by the Board of Directors.
About Cupid Limited
Established in 1993, Cupid Limited is a manufacturer of male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, face wash, petroleum jelly and other FMCG products. The company has recently expanded its product offerings to include fragrance products, personal care items, and other wellness solutions.
In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, to amplify its production capacity by 1.5 times the existing output, augmenting annual production capacity by approximately 770 million male condoms and 75 million female condoms.
Cupid Limited exports its products to over 125 countries and has a long-term agreement with WHO / UNFPA. The company holds pre-qualification for both male and female condoms from WHO / UNFPA.
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