Cupid’s share price experienced a notable surge of 3.4% on Monday, May 18, following the release of the company’s strong quarterly performance results for Q4 FY26, which concluded on March 31, 2026. This uptick reflects the effectiveness of Cupid’s operational strategies, consistent demand trends, and increased traction in crucial industry sectors.
Entering FY27, Cupid is capitalizing on the robust performance of Q4, which has been fueled by a healthy order book and improved clarity in execution. The company’s ongoing demand across diverse markets has reinforced confidence in its ability to maintain growth momentum.
According to an exchange filing, Cupid reported a total consolidated income of ₹132.04 crore for the quarter, marking a 26% year-over-year increase. The operating income reached ₹119.96 crore, reflecting a 28% rise from the same period last year. Furthermore, the company achieved an EBITDA of ₹37.52 crore, up 9% year-over-year, with profit before tax increasing by 10% to ₹47.45 crore. The net profit for the quarter also grew by 10% year-over-year, reaching ₹36.26 crore, indicating a consistent trajectory of operational growth.
Accompanying its Q4 FY26 earnings report, Cupid outlined an ambitious medium-term growth roadmap. The company aims to expand its distribution network substantially, augment its capacity, and leverage global opportunities for significant growth. Cupid has set aggressive revenue targets, aspiring to reach ₹600 crore in FY27, ₹875 crore in FY28, and ultimately ₹1,150 crore by FY29, alongside respective net profit goals of ₹180 crore, ₹275 crore, and ₹390 crore.
The growth strategy is underpinned by rapid expansion of the FMCG distribution network across India, increasing contributions from the high-margin B2C sector, and enhanced capacity in male and female condom manufacturing. Additionally, Cupid plans to participate more actively in international institutional and government tenders while expanding its product portfolio in areas such as lubricants, wellness, and diagnostics. The company expects these strategies to provide operational leverage and improve efficiencies through backward integration.
Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid, stated, “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 ₹600 crore with net margins above 30%, as we continue to build a scalable and globally competitive business.”
On the trading front, Cupid’s share opened at ₹121 on the BSE, hitting an intraday high of ₹124.50 and a low of ₹118.95. Rajesh Bhosale, an Equity Technical and Derivative Analyst at Angel One, commented on the stock’s performance, noting that prices are in an upward trend, with immediate support around ₹115 and resistance at ₹135.
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