Mumbai: Cupid Ltd reported a 133% year-on-year jump in net profit to ₹56.22 crore for the September quarter (Q2 FY27), supported by strong domestic demand and higher operating income.
Following the performance, the company raised its FY27 revenue guidance to at least ₹880 crore and net profit guidance to ₹275 crore or more.
Total income increased 132% year-on-year to ₹208.97 crore, while operating income climbed 122% to ₹187.86 crore.
EBITDA stood at ₹54.77 crore, with an operating margin of 29%.
Strong H1 Performance
For the first half of FY27, total income surged 136% to ₹365.95 crore, while net profit jumped 156% to ₹100.37 crore.
EBITDA increased 156% to ₹114.83 crore.
Domestic operations contributed ₹224.64 crore, accounting for 67% of sales, compared with 41% in FY26.
The Consumer Healthcare and FMCG segment generated ₹166.88 crore, representing 49% of sales.
International operations contributed ₹112.73 crore, supported by institutional orders and South Africa’s national programme.
Manufacturing Expansion
Cupid expects to commission its new Palava manufacturing facility in Maharashtra during Q3 FY27.
The 1,70,000-square-foot facility will increase annual male condom production capacity to approximately 1.25 billion units from 480 million.
Female condom capacity will rise to 125 million units from 52 million.
The facility will support latex and nitrile manufacturing, helping the company target additional international tenders.
Higher Revenue Targets
Cupid raised its FY28 revenue guidance to ₹1,305 crore from ₹1,085 crore.
Its FY29 target increased to ₹1,950 crore from ₹1,500 crore.
The company expects net profit of ₹390 crore in FY28 and ₹605 crore in FY29.
Retail Partnerships
Cupid expects its V2 Retail partnership to generate approximately ₹400 crore over 12 months, while Style Baazar could contribute ₹200 crore in FY27.
Chairman and Managing Director Aditya Kumar Halwasiya expects stronger second-half performance, supported by new capacity and retail expansion.
The company is also working towards becoming debt-free.
Cupid expects H2 FY27 to deliver record half-year performance as additional manufacturing capacity and consumer demand support its growth plans.
