1 week ago
Cupid Shares Rise 6% After FY27 Guidance Upgrade
Cupid makes personal-care and healthcare products, including condoms and lubricants.
Its shares rose 6% after the company said it expects stronger sales and profits.
The company reported much higher income and profit in the June quarter than a year earlier.
It raised its targets for revenue and net profit for FY27.
Cupid also expects sales to grow further in FY28 and FY29.
Its business sells products in India and more than 125 countries.
A new Palava factory is expected to increase production capacity.
The company is also developing latex-free nitrile products and has received certification for several test kits.
The stock has already risen sharply, so the higher targets could support continued investor interest, although the articles do not confirm that another rally will occur.
Cupid shares settled 6% higher at ₹273.85 after the company raised its FY27 revenue and profit guidance.
June-quarter total income rose 142% year-on-year to ₹157 crore, while profit after tax increased 194% to ₹44 crore.
Cupid now expects FY27 revenue of ₹725–750 crore and net profit of ₹210–225 crore.
The company is targeting revenue of ₹1,085 crore in FY28 and ₹1,500 crore in FY29.
Cupid plans to expand manufacturing, distribution and international operations, including a Palava facility expected to lift annual condom capacity.
- Who
- Cupid Ltd., a consumer wellness and personal care company, and its shareholders.
- What
- Cupid raised its FY27 revenue and profit guidance, after reporting strong quarterly growth; its shares rose 6%.
- Where
- The article discusses Cupid’s global markets, Bharat consumer business and Palava manufacturing facility, but does not specify the AGM’s location.
- When
- The share move occurred in Wednesday’s trade, after the company’s 33rd Annual General Meeting; the reported operating results were for the June quarter.
- Why
- Cupid cited strong quarterly performance, a robust order pipeline and momentum in its global healthcare and Bharat consumer businesses.
Key facts
- Share price after rise
- ₹273.85, up 6% in Wednesday’s trade
- June-quarter total income
- ₹157 crore, up 142% year-on-year
- June-quarter profit after tax
- ₹44 crore, up 194% year-on-year
- FY27 guidance
- Revenue of ₹725–750 crore and net profit of ₹210–225 crore
- Medium-term revenue targets
- ₹1,085 crore in FY28 and ₹1,500 crore in FY29
- Global reach
- Exports reached ₹208 crore in FY26 across more than 125 countries
- Planned capacity
- The Palava facility is expected to take annual capacity to about 1.25 billion male condoms and 125 million female condoms
Sources
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