Cupid Limited FY26 Revenue ₹391 Cr (up 93%), PAT ₹108 Cr (up 165%) at 33rd AGM
Cupid Limited reported strong FY26 results with revenue at ₹391 crore (up 93%) and PAT at ₹108 crore (up 165%). The company raised FY27 guidance to ₹725-750 crore revenue and ₹210-225 crore net profit. Key developments include a ₹331.53 crore investment in Baazar Style Retail and a proposed manufacturing venture in South Africa.
The substantial financial growth, strong future guidance, significant investments, and strategic expansion plans indicate a material impact on the company's future prospects.
The company reported significant year-on-year growth in revenue and profit, exceeded its guidance, and provided optimistic future guidance, indicating a positive financial outlook.
Cupid Limited, a consumer wellness and personal care company, highlighted its strong performance in FY26 and strategic priorities at its 33rd Annual General Meeting held on September 22, 2026.
During FY26, the company achieved significant growth, with total income increasing by 93% to ₹391 crore from ₹203 crore in the previous year. Profit after tax saw a substantial rise of 165%, reaching ₹108 crore compared to ₹41 crore. EBITDA grew by 180%, net profit margin exceeded 30%, and the company's net worth increased from ₹342 crore to ₹451 crore. Cupid exceeded its initial FY26 guidance for revenue and profit.
The company's business is driven by its global healthcare and Bharat consumer segments. The global business, which serves national health programs and brand owners internationally, reached ₹208 crore in exports during FY26, representing nearly 60% of total revenue and reaching over 125 countries. Cupid is the first company globally to receive WHO/UNFPA pre-qualification for both male and female condoms.
The consumer business contributed approximately ₹122 crore in FY26, with ₹84 crore from recently launched FMCG products. The company is expanding its manufacturing capabilities with a new 170,000 sq. ft. Palava facility, its largest manufacturing investment to date. This facility is scheduled for commissioning in the next quarter and is expected to support a total annual capacity of approximately 1.25 billion male condoms and 125 million female condoms at full capacity. Cupid also received CE certification under the European IVDR for its test kits.
Cupid has committed ₹331.53 crore to Baazar Style Retail, aiming to expand its distribution network to over 500 stores in the next two to three years, with an expected revenue contribution of ₹150 crore in FY27. Post FY26, Cupid made an additional USD 5 million follow-on investment in GII Healthcare Investment Limited in July 2026 and received in-principle approval for a manufacturing venture in South Africa in August 2026.
Strengthening shareholder value, Cupid completed a bonus issue in January 2026, was included in the BSE Group A category in July 2026, and joined the FTSE Emerging Markets All Cap Index effective September 21, 2026.
For FY27, Cupid has raised its guidance to revenue between ₹725–750 crore and net profit between ₹210–225 crore. The company is working towards medium-term revenue targets of ₹1,085 crore in FY28 and ₹1,500 crore in FY29.
Mr. Aditya Kumar Halwasiya, Chairman & Managing Director, stated, "FY26 marked an important phase in Cupid Limited’s growth journey... As we move into FY27, our focus remains on scaling the business in a disciplined manner."
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