Personal Products company Cupid announced Q1FY27 results Consolidated Financial Highlights: Revenue from operation for Q1FY27 stood at Rs 15,471.50 lakh, compared to Rs 11,996.17 lakh in Q4FY26 (up 28.97% QoQ) and Rs 5,980.49 lakh in Q1FY26 (up 158.70% YoY). Total Income for Q1FY27 reached Rs 15,698.01 lakh, representing a growth of 18.88% QoQ from Rs 13,204.36 lakh and an increase of 142.45% YoY from Rs 6,474.68 lakh. Profit From Ordinary Activities Before Tax for Q1FY27 was Rs 5,991.87 lakh, marking an increase of 26.27% QoQ compared to Rs 4,745.15 lakh and a 206.47% YoY increase from Rs 1,955.14 lakh. Net Profit for Q1FY27 was reported at Rs 4,414.88 lakh, as against Rs 3,626.25 lakh in Q4FY26 (up 21.75% QoQ) and Rs 1,500.74 lakh in Q1FY26 (up 194.18% YoY). Total Comprehensive Income for the period Q1FY27 was Rs 169.26 lakh, down from Rs 3,637.03 lakh in Q4FY26 and Rs 1,500.74 lakh in Q1FY26, primarily due to an Other Comprehensive Loss of Rs (4,245.62) lakh related to equity instruments. Standalone Financial Highlights: Revenue from operation for Q1FY27 was Rs 15,471.50 lakh, showing a QoQ growth of 28.97% from Rs 11,996.17 lakh in Q4FY26 and a YoY growth of 158.70% from Rs 5,980.49 lakh in Q1FY26. Total Income for the quarter stood at Rs 15,698.01 lakh, an increase of 18.88% QoQ and 142.45% YoY. Profit From Ordinary Activities Before Tax for Q1FY27 was Rs 5,993.21 lakh, increasing by 26.30% QoQ and 206.38% YoY. Net Profit for Q1FY27 reached Rs 4,416.21 lakh, reflecting a QoQ increase of 21.78% and a YoY increase of 194.07%. Total Comprehensive Income for Q1FY27 was Rs 170.59 lakh, compared to Rs 3,637.04 lakh in Q4FY26 and Rs 1,501.77 lakh in Q1FY26. Business Highlights: Strategic Investment: The company made a long-term strategic investment in Baazar Style Retail Limited by subscribing to its fully convertible warrants, which are to be converted into equity shares within 18 months from the date of issue. Project Exploration: The Board has given in-principle approval for an exploratory exercise to evaluate a proposed business project in West Bengal. This involves assessing land and infrastructure for the manufacturing, marketing, and distribution of medical devices and healthcare products. Subsidiary Consolidation: The company consolidated several entities acquired during the previous financial year, including Ramson Medical Distributors Private Limited, Sai RK Pharma Private Limited, Well Wisher Pharma Private Limited, Anand Medilink Private Limited, Ace Cardiopathy Solutions Private Limited, Bioaide Technologies Private Limited, and Anand Chemiceutics Private Limited. Post-Quarter Developments: Subsequent to June 30, 2026, R S M Pharma Private Limited (a wholly owned subsidiary) subscribed to 100% equity shares of Qurovia Lifesciences Private Limited on July 25, 2026. Business Agreements: Sai Pharma Distributors Private Limited (a subsidiary) entered into a business transfer agreement with Vishal Surgicals and Vishal Surgicals & Medicals, a transaction expected to be completed by December 31, 2026. Result PDF
Personal Products company Cupid announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 11,996.17 lakh in Q4FY26, registering a massive growth of 112.39% YoY compared to Rs 5,648.18 lakh in Q4FY25, and a growth of 28.31% QoQ from Rs 9,349.54 lakh in Q3FY26. For the full year FY26, revenue was Rs 35,770.88 lakh, up 94.91% YoY from Rs 18,352.13 lakh in FY25. Total Income: Reached Rs 13,204.36 lakh in Q4FY26, up 116.07% YoY from Rs 6,111.17 lakh in Q4FY25, and up 26.50% QoQ from Rs 10,438.17 lakh in Q3FY26. For FY26, total income stood at Rs 39,140.14 lakh, an increase of 92.63% YoY compared to Rs 20,318.28 lakh in FY25. Net Profit After Tax: Surged by 215.03% YoY to Rs 3,626.25 lakh in Q4FY26 against Rs 1,151.08 lakh in Q4FY25, and increased 10.44% QoQ from Rs 3,283.39 lakh in Q3FY26. For the full year FY26, net profit grew by 164.71% YoY to Rs 10,823.33 lakh compared to Rs 4,088.71 lakh in FY25. Total Comprehensive Income: Reported at Rs 3,637.03 lakh in Q4FY26, up from Rs 1,033.05 lakh in Q4FY25. For FY26, it stood at Rs 10,812.33 lakh, a significant increase from Rs 3,946.17 lakh in FY25. Standalone Financial Highlights: Revenue from Operations: Recorded at Rs 11,996.17 lakh in Q4FY26, jumping 112.39% YoY from Rs 5,648.18 lakh in Q4FY25, and rising 28.28% QoQ from Rs 9,351.23 lakh in Q3FY26. For FY26, revenue stood at Rs 35,770.88 lakh, up 94.91% YoY from Rs 18,352.13 lakh in FY25. Total Income: Reached Rs 13,204.36 lakh in Q4FY26, marking a 116.07% YoY growth from Rs 6,111.17 lakh in Q4FY25, and a 26.48% QoQ growth from Rs 10,439.86 lakh in Q3FY26. For FY26, total income grew by 92.63% YoY to Rs 39,140.14 lakh compared to Rs 20,318.29 lakh in FY25. Net Profit After Tax: Increased by 213.86% YoY to Rs 3,626.27 lakh in Q4FY26 compared to Rs 1,155.37 lakh in Q4FY25, and rose 10.33% QoQ from Rs 3,286.86 lakh in Q3FY26. For FY26, net profit stood at Rs 10,826.44 lakh, up 164.51% YoY from Rs 4,093.02 lakh in FY25. Total Comprehensive Income: Stood at Rs 3,637.04 lakh for Q4FY26, up from Rs 1,037.34 lakh in Q4FY25. For the full year FY26, it reached Rs 10,815.43 lakh, up from Rs 3,950.47 lakh in FY25. Business Highlights: Segment Performance: The company evaluates its performance as a single unit engaged in the manufacturing and trading of Personal Care Products. Accordingly, the company has only one reportable segment, which is 'Personal care'. Strategic Investment (Baazar Style Retail Limited): The Board approved the conversion of 15,00,000 warrants into equity shares (out of 1,01,00,000 warrants allotted by Baazar Style Retail Limited) by making a payment of approximately Rs 36.93 crore. This strategic investment is aimed at strengthening Cupid's retail presence and expanding consumer reach through Style Baazar's established network of over 250 stores, which is expected to expand to over 500 locations within the next 3 years. Share Capital & Bonus Issue: During the quarter, the authorised share capital was increased from Rs 50 crore to Rs 150 crore. The company allotted 1,07,57,28,560 bonus equity shares of Rs 1/- each on 10th March 2026, in the ratio of 4:1 (four new fully paid-up equity shares for every one existing share). Forfeiture of Warrants: 4.40 crore convertible warrants were not exercised within the stipulated 18-month timeframe (by September 13, 2025). Consequently, the upfront amount of Rs 96.30 crore received by the company stands forfeited, ensuring no equity dilution arises from these warrants. Management Changes: Mr. Saurabh Karmase resigned as Company Secretary and Compliance Officer effective 15th May 2026. The Board appointed Mr. Hardik Chandra as the new Company Secretary, Compliance Officer, and Nodal Officer effective 16th May 2026. Auditor Appointment: The company appointed R. Thakkar & Associates as Internal Auditors for a period of 3 financial years commencing from FY26-27. Commenting on the performance, Aditya Kumar Halwasiya, Chairman and Managing Director, said, “We have delivered a historic performance in FY26, surpassing our annual guidance and reporting revenue of Rs 358 crore and net profit of Rs 108 crore. This performance reflects strong execution, improving operating leverage and sustained demand across our businesses, resulting in our strongest ever quarterly and full year performance. During the quarter, we commenced the development Program for nitrile female condoms, entering a premium segment which has historically been supplied by a single global manufacturer. Backed by our dual polymer manufacturing capability, we are uniquely positioned as the only manufacturer in India with the ability to produce both latex and nitrile condoms, with planned capacity of ~1.25 billion male condoms and ~125 million female condoms annually. We have also strengthened our global positioning through our ‘Made in India with Japanese Quality’ initiative, supported by our collaboration with one of Asia’s oldest condom manufacturers, reinforcing our focus on quality and technological excellence. In diagnostics, we further strengthened our regulatory portfolio during FY26 with the receipt of CE EU IVDR certification for our HIV and Hepatitis B test kits, along with CE certification for our Syphilis and Pregnancy test kits. These approvals collectively enhance our access to regulated markets such as Europe while strengthening our participation in global public health programs. On the domestic front, our strategic investment of Rs 331.53 crore in Baazar Style Retail significantly strengthens our FMCG distribution. We have already deployed Rs 82.88 crore, providing access to a retail network of over 260 stores, which is expected to scale beyond 500 stores over the next 2 to 3 years. This ecosystem is expected to generate ~Rs 150 crore incremental revenue in FY27 and scale up to ~Rs 500 crore annually over the medium term, while significantly improving our brand visibility and last-mile reach. Looking ahead, with strong export momentum, a favorable currency environment and a well-secured raw material position, we are confident of sustaining this growth trajectory and achieving our FY27 revenue target of Rs 600 crore with net margins above 30%, as we continue to build a scalable and globally competitive business.” Result PDF
Personal Products company Cupid announced Q3FY26 results Revenue: Rs 9,349.54 lakh against Rs 4,635.14 lakh during Q3FY25, change 102%. PBT: Rs 4,327.37 lakh against Rs 1,409.69 lakh during Q3FY25, change 207%. PAT: Rs 3,283.39 lakh against Rs 1,108.26 lakh during Q3FY25, change 196%. EPS: 1.22 for Q3FY26. Result PDF
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