8 months ago
Cupid Approved for FMCG Plant in Saudi Arabia
Cupid, a company that makes condoms and other FMCG products, has gotten permission to build a new factory in Saudi Arabia.
This is part of their plan to grow in the Middle East.
The factory is expected to be ready by March 2027.
Saudi Arabia is a good market for FMCG products because many people live there and they spend a lot of money.
Cupid is also doing well in India, with new products like petroleum jelly and face wash selling well.
The company's boss, Aditya Kumar Halwasiya, is happy with how things are going and thinks they will make more money than they planned.
Cupid receives board approval for FMCG plant in Saudi Arabia.
Project targeted for completion by March 2027, subject to approvals.
Saudi Arabia's FMCG market driven by population growth and consumer spending.
Company expects record performance in December quarter.
Cupid confident of exceeding FY26 revenue and profit guidance.
- Who
- Cupid, a leading condom and FMCG producing company
- What
- Received board approval to set up an FMCG manufacturing facility in Saudi Arabia
- Where
- Saudi Arabia and Palava, Maharashtra
- When
- Project targeted for completion by March 2027
- Why
- To strengthen presence in the GCC region and improve supply responsiveness
Key facts
- Company
- Cupid
- Project Location
- Saudi Arabia
- Project Completion Target
- March 2027
- FY26 Revenue Guidance
- ₹335 crore
- FY26 Net Profit Guidance
- ₹100 crore
- New Facility Location
- Palava, Maharashtra
- Recent Product Launches
- Petroleum jelly, face wash, talcum powder
- Chairman and Managing Director
- Aditya Kumar Halwasiya
Quotes
Aditya Kumar Halwasiya
Chairman and Managing Director of Cupid
“We begin 2026 with encouraging momentum, strong order visibility, and steady progress across our expansion initiatives. The in-principle approval for the proposed Saudi FMCG facility reflects our intent to gradually build a broader and more diversified growth platform, while remaining focused on prudent capital allocation. We remain confident of surpassing our FY26 guidance.”
livemint.com
Sources
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