Personal Products company Cupid announced Q2FY26 results Operating Income: Rs 84.45 crore against Rs 41.55 crore during Q2FY25, change 103%. EBITDA: Rs 28.41 crore against Rs 10.28 crore during Q2FY25, change 176%. EBITDA Margin: 34% for Q2FY26. PBT: Rs 32.19 crore against Rs 14.20 crore during Q2FY25, change 127%. PAT: Rs 24.12 crore against Rs 10.04 crore during Q2FY25, change 140%. PAT Margin: 29% for Q2FY26. Aditya Kumar Halwasiya, Chairman & Managing Director, said: “Q2FY26 is a milestone for Cupid the strongest quarter in our history and, more importantly, a proof-point that our strategy is working across India FMCG, B2B exports, and Diagnostics. What excites me is the quality of growth: brand acceptance in India, deeper relationships and large allocations in exports and certification tailwinds that expand our addressable markets. With capacity expansion and smarter procurement, we are removing execution bottlenecks and building a durable growth engine. We remain on track for our Rs 335 crore topline in FY26 and will reassess guidance during H2 in light of the constructive developments across our portfolio.” Result PDF
Personal Products company Cupid announced Q1FY26 results Total Income: Rs 64.75 crore compared to Rs 44.03 crore during Q1FY25, change 47.06%. EBITDA: Rs 16.47 crore compared to Rs 6.66 crore during Q1FY25, change 147.39% EBITDA Margin: 27.55% for Q1FY26. PAT: Rs 15.01 crore compared to Rs 8.26 crore during Q1FY25, change 81.80%. PAT Margin: 25.09% for Q1FY26. EPS: Rs 0.55 for Q1FY26. Aditya Kumar Halwasiya, Chairman & Managing Director, said: “We are pleased to commence FY26 on a strong note, delivering healthy growth in both revenue and profitability. This strong performance reaffirms our belief that FY26 will be Cupid Limited's strongest year yet in its history. It reflects the power of our focused strategy, operational discipline, and the unwavering dedication of the entire Cupid team. With a strong order book in hand, we are well-positioned to achieve our targeted turnover. Favourable tailwinds from the ?-USD exchange rate are expected to further support our momentum, particularly as exports are projected to be a major portion of our business this FY. Encouragingly, our B2C segment is also gaining traction, especially during the festive season, and we are confident of surpassing Rs 100 crore in this Segment alone. Our B2C FMCG business continues to grow at an impressive pace as we expand our footprint across India, reinforcing brand visibility and earning deeper consumer trust. The strong response from customers further validates our belief in the long-term growth potential of this segment. Simultaneously, we remain deeply committed to our core B2B export business, which is witnessing renewed traction. Through sustained engagement with international stakeholders, we are receiving sizable orders from both institutional and non-institutional buyers. With multiple product certifications and registrations underway across key markets, we are confident of unlocking significant new opportunities globally. Looking ahead, our dual-pronged strategy of scaling a fast-growing domestic FMCG presence while strengthening our established global B2B export business, positions us well to sustain this growth trajectory. Our mission remains steadfast: to deliver high-quality products, expand market leadership, and generate long-term value for our shareholders.” Result PDF
Personal Products company Cupid announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income was at Rs 6,111.18 lakh, as compared to Rs 5,075.96 lakh in Q3FY25. Operating Income was at Rs 5,648.18 lakh, as compared to Rs 4,635.14 lakh in Q3FY25. EBITDA was at Rs 1,340.18 lakh, as compared to Rs 1,138.56 lakh in Q3FY25. Net Profit was at Rs 1,151.09 lakh, as compared to Rs 1,108.26 lakh in Q3FY25. FY25 Financial Highlights: Total Income was at Rs 20,318.29 lakh, as compared to Rs 17,830.49 lakh in FY24. Operating Income was at Rs 18,352.13 lakh, as compared to Rs 17,108.87 lakh in FY24. EBITDA was at Rs 4,172.59, as compared to Rs 5,010.12 in FY24. Net Profit was at Rs 4,088.73 lakh, as compared to Rs 3,985.48 lakh in FY24 Commenting on the performance, Aditya Kumar Halwasiya, Chairman and Managing Director said, “We have closed a successful and strong FY25. Since the takeover of Cupid Limited in early Q3FY24, my team and I have ensured that we maximize stakeholder value across all levels. We remain comfortably capitalized and are ready for the next era of profitable growth spurred by our strong international business along with our cost-effective foray into India's B2C FMCG space where the best quality Cupid products are available Pan-India at a competitive price for the masses. I am content with Cupid Limited's strong performance in FY25 and remain very optimistic for the upcoming years at Cupid Limited as we strive to grow and consolidate our position in the different markets, we are present in.” Result PDF
Personal Products company Cupid announced Q3FY25 results Total Income was at Rs 50.76 crore, as compared to Rs 40.78 crore in Q3FY24, up by 24.47%. Operating Income was at Rs 46.35 crore, as compared to Rs 40.05 crore in Q3FY24, up by 15.73%. EBITDA stands at Rs 11.34 crore Net Profit was at Rs 11.04 crore, as compared to Rs 8.86 crore in Q3FY24, clocking a growth of 24.60% Aditya Kumar Halwasiya, Chairman and Managing Director said, “We are delighted to announce a good set of numbers for the quarter. We are expanding our market presence and keep bringing new high quality products to the market. We are honoured to receive continuous orders from our customers in India and Beyond. It is a testament to our consistent quality, reliability and commitment to supporting global health initiatives. Our new manufacturing facility at Palava near Mumbai is shaping up well and should be operational by the end of the current calendar year.” Result PDF
Personal Products company Cupid announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total Income was at Rs 4,728.55 lakh, as compared to Rs 3644.97 lakh in Q2FY24, up by 29.73%. Operating Income was at Rs 4,155.49 lakh, as compared to Rs 3446.37 lakh in Q2FY24, grown by 20.58%. EBITDA was at Rs 1,027.94 lakh, as compared to Rs 522.71 lakh, registered a growth of 96.66%. EBIDTA margin was at 24.74%, as compared to 15.17%, registered a growth of 957 basis points. Net Profit was at Rs 1,003.87 lakh, as compared to Rs 511.61 lakh in Q2FY24, clocking a growth of 96.22%. Net profit margin was at 24.16%, as compared to 14.84%, registered a growth of 932 basis points. H1FY25 Financial Highlights: Total Income was at Rs 9,131.15 lakh, as compared to Rs 7164.74 lakh in H1FY24, up by 27.45%. Operating Income was at Rs 8068.81 lakh, as compared to Rs 6813.97 lakh in H1FY24, grown by 18.42%. EBITDA was at Rs 1693.85 lakh, as compared to Rs 704.82 lakh in H1FY24, registered a growth of 2.4 times. EBIDTA margin was at 20.99%, as compared to 10.34% in H1FY24, registered a growth of 1065 basis points. Net Profit was at Rs 1829.38 lakh, as compared to Rs 727.40 lakh in H1FY24, clocking a growth of 2.5 times. Net profit margin was at 22.67%, as compared to 10.68% in H1FY24, registered a growth of 1199 basis points. Other Highlights: Expanded its B2C basket of Cupid products by launching new Eau De Parfums (EDPs) Range, new deodorants, almond hair oil, massage oils, skin protecting jelly, toilet seat sanitizers with more new products under development. Witnessed strong growth in super stockists, distributors and retail touchpoints for the B2C domestic business. Continued growth in the IVD business and automation of IVD production in the existing facility is also in process. Strengthening teams across procurement, production, logistics, sales and marketing, new products and brand enhancement. Currently doing contract manufacturing of both male and female condoms for large domestic FMCG and Pharma companies, new automated packaging machines for condoms also ordered to improve productivity. The Global B2B teams extensive outreach with both existing and new international customers for participating in new tender, OEM and branded business is yielding good results Aditya Kumar Halwasiya, Managing Director, said: “We are delighted to announce a good set of numbers for the quarter. On the operational efficiency front we have delivered great margins on YoY quarterly basis in spite of seeing an increase in depreciation and employees cost. We are building the foundation blocks for a stronger, larger and more prosperous Cupid Limited. We have finalized the architect and main structural consultant and are in the advanced stages of appointing the main contractor to start the construction of the new Cupid Palava Plant. Levelling of the land and construction of the compound wall is currently under way and we have also finalized the machinery suppliers for the new Plant and will place orders for the same during Q3 and Q4 of FY25. We are confident of starting operations at our new Palava Plant by December 2025. Parallelly we are expecting to achieve a revenue milestone of Rs 60 crore from our domestic B2C business where our major focus is to offer the best quality consumer products at compelling prices through a wide network of distributors ensuring Cupid’s presence in more than 150,000 retail touchpoints by the end of FY25. We are actively working with large modern retailers and executing co-branding opportunities with leading retail chains and online E-Commerce sites for greater brand visibility and to drive sales growth. Going by the current growth trajectory we are confident of achieving Rs 125 crore revenues just from our domestic B2C segment in FY26.” Result PDF
Personal Products company Cupid announced Q1FY25 results: Financial Highlights: Total Income was at Rs 4,402.60 lakh, as compared to Rs 3,519.77 lakh in Q1FY24, up by 25.1%. EBITDA was at Rs 665.91 lakh, as compared to Rs 182.12 lakh, registered a growth of 265.6% EBIDTA margin was at 17.02%, as compared to 5.41%, registered a growth of 1,161 basis points Profit Before Tax was at Rs 1,056.37 lakh, as compared to Rs 222.57 lakh in Q1FY24, clocking a growth of 374.6% Net Profit was at Rs 825.51 lakh, as compared to Rs 215.79 lakh in Q1FY24, clocking a growth of 282.6% Net profit margin was at 21.09%, as compared to 6.41%, registered a growth of 1,469 basis points Operational Highlights: The board has approved the incorporation of a wholly owned subsidiary in UAE to capture market share in the GCC region. The design of the green field plant at Palava is ready, the plant should be operational by the end of calendar year 2025. IVD business has become PAT positive. Pocket Perfumes and Deodorants launched for B2C business with Perfume Products, Hair Oils, Personal Hygiene Products, Massage Oils and Creams under development. Notable hiring in the B2B Export Team. Company has successfully started implementation of the SAP S4HANA ERP System. Company has made notable progress in CE Mark and WHO Prequalification Certification processes for its 5 best-selling IVD tests. US FDA Approval process has been renewed and is underway for the Cupid Version 3 Female Condom. Commenting on the results, Aditya Kumar Halwasiya, Managing Director said, “We are delighted to announce a good set of numbers for the quarter. We have continued to bring in efficiencies in overall production and domestic distribution. The Company’s foray into B2C in India in the last seven months has resulted in net revenues of Rs 12.50 crore and we are going to expand this pie substantially moving forward. The improved margins are very well maintainable in the long run. Once the additional capacities are up and running with matching orders from across the World, we would further get the benefit of scale of operations. As a part of our Indian B2C expansion, we have built our presence across over 50,000 retail touch points in a short span of time and are on the horizon to reach 1,00,000 touch points by the end of the current calendar year. We are prioritising our brand expansion by initially focusing on general trade and then modern trade in the domestic market. Internationally we would continue to seek opportunities to expand our brand presence through partnerships with distributors that have a strong presence in their respective markets.” Result PDF
Personal Products company Cupid announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Quarterly Sales Growth: Cupid reported an increase in operating income, rising by 57.04% from Q3FY24, with sales growing from Rs 4,005 lakhs to Rs 6,289 lakhs. Quarterly EBITDA Margins: The company experienced an improvement in EBITDA margins, which soared from 30.33% in Q3FY24 to 49.13% in Q4FY24. Quarterly PAT Margins: PAT margins improved from 22.13% in Q3FY24 to 37.71% in Q4FY24. FY24 Financial Highlights: Sales Growth: Overall, the company saw its operating income grow by 7.38% annually, increasing from Rs 15,932 lakhs in FY23 to Rs 17,108 lakhs in FY24. EBITDA Growth: EBITDA margins rose YoY by 3.36%, from 25.93% in FY23 to 29.28% in FY24. PAT Growth: PAT margins saw an increase of 3.47% compared to the previous fiscal year, going from 19.82% in FY23 to 23.29% in FY24. Strategic and Operational Highlights: New Geographical Markets and Products: The company is expanding its presence internationally and in India, adding new product lines such as IVD Kits and Deodorants. Strategic Partnerships: The company is collaborating with marketing and distribution partners worldwide to extend its market reach. Financial Management: Cupid maintains a strong position with no sundry creditors and a cash and cash equivalents reserve of Rs 173.58 crore. Future Outlook: Facility Expansion: Cupid has acquired land for a new plant, with construction starting this quarter. Production in the new facility is expected to begin within 16 months. Result PDF
Conference Call with Cupid Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.