Cupid Limited has reported its strongest quarterly performance in Q4 FY26, with a significant revenue growth of 93% year-on-year and a net profit increase of 165% year-on-year. This robust performance is attributed to strong execution, consistent demand momentum, and improved traction across key business segments.
The company’s total income for Q4 FY26 stood at ₹132.04 crore, marking a 116% increase compared to Q4 FY25. Operating income rose by 112% year-on-year to ₹119.96 crore, while EBITDA increased by 180% to ₹37.52 crore. Profit before tax (PBT) was recorded at ₹47.45 crore, reflecting a 197% year-on-year growth, and net profit reached ₹36.26 crore, a 215% increase over the previous year.
Cupid Limited has surpassed its FY26 annual guidance of ₹335 crore in revenue and ₹100 crore in net profit, showcasing exceptional business momentum and execution strength. The company has entered FY27 with a healthy business outlook, supported by a strong order book and sustained demand across markets.
In terms of product mix, male condoms remained the largest revenue contributor, generating approximately ₹181.11 crore during FY26. Female condoms contributed around ₹60.72 crore, driven by increasing global demand. Newly launched FMCG products accounted for ₹84.26 crore, while IVD kits and personal lubricants contributed ₹24.97 crore.
Exports contributed ₹208.13 crore, representing 59.30% of the total revenue. Cupid Limited exports its products to over 125 countries, with a strong presence in Africa and other high-demand international markets. The company plans to expand its global footprint by approximately 35% over the coming year through deeper market penetration and strategic partnerships.
The company has made a strategic investment of ₹331.53 crore in Baazar Style Retail Limited to strengthen its FMCG distribution ecosystem. An initial deployment of ₹82.88 crore has been completed with the allotment of 1,01,00,000 warrants. The company’s integrated go-to-market strategy is expected to support long-term FMCG growth.
Cupid Limited has also commenced a development programme for nitrile female condoms, targeting a premium global segment. The global female condom market is projected to exceed $1.2 billion by 2030, with nitrile positioned as a premium latex-free category.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).