Markets India

Cupid Ltd shares surged 10% to ₹389 after reporting a 133% jump in quarterly profits. The company raised its FY27 revenue and net profit targets amid strong operational growth.

Cupid Shares Jump 10% on Record Profit, Revised Guidance

Cupid Ltd's stock rallied on the back of Q2 FY27 results showing record-breaking performance, with net profit soaring 133% year-on-year to ₹56.22 crore and revenue from operations climbing 122% to ₹187.86 crore. The company also raised its full fiscal year targets for both revenue and profits, signaling confidence in sustained growth.

The results highlight Cupid's expanding dominance in domestic markets, where it captured 67% of H1 FY27 sales compared to just 41% a year earlier. Strategic partnerships like the V2 Retail collaboration are expected to generate ₹400 crore over 12 months, further bolstering its growth trajectory.

Analysts note that Cupid's ability to maintain high profit margins while scaling operations will be critical for long-term success. The company plans to expand manufacturing capacity to produce 1.25 billion male condoms annually at its Palava facility, which is set for commissioning in Q3 FY27.

Cupid's new manufacturing plant at Palava will start operations in Q3 FY27, and the V2 Retail partnership aims to deliver ₹400 crore revenue over the next year. The company plans to continue revising its fiscal targets for FY27-29.

Strong financial results have boosted Cupid's stock, but sustaining growth will depend on managing production costs and maintaining pricing power in expanding markets.

Topics: Markets, India Finance, Corporate Earnings, Stock Performance, Business Expansion

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Source: Business Standard