Investors are set to closely monitor Cupid shares when the markets reopen on Monday, 5 January 2026. This follows the company's release of a robust business update for the October-December quarter (Q3) of the 2025-26 financial year, filed with the stock exchanges.
Strong Q3 Performance and Upbeat FY26 Outlook
In its latest communication, Cupid projected that the third quarter of FY26 will be its "best-performing" period to date. The company attributed this optimism to sustained strong demand and seamless operational execution.
Furthermore, Cupid expressed confidence in exceeding its full-year guidance for FY26. The company had earlier set targets of ₹335 crore in revenue and ₹100 crore in net profit. It now believes that operating efficiencies, stable market demand, and steady progress on its projects will help it surpass these figures.
Strategic Expansion into Saudi Arabia
Adding a significant strategic dimension to its growth story, Cupid's board approved a plan to set up an FMCG manufacturing facility in Saudi Arabia on 29 December 2025. This move is aimed at catering to regional demand and improving supply chain timelines for the market.
The project, which is subject to regulatory approvals, is expected to be completed by March 2027. Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid, stated that the in-principle approval reflects the company's intent to build a broader, diversified growth platform while maintaining prudent capital allocation.
Stock Market Performance: A Rollercoaster Ride
The business update came on a day of sharp correction for the stock. After a spectacular 13-day winning streak, Cupid shares crashed 20% during Friday's intraday session to hit a low of ₹419.95. The stock closed at ₹419.95 on the NSE, a 19.99% drop from its previous close of ₹524.90.
Despite the recent pullback, the long-term returns for investors have been phenomenal. Data shows Cupid shares have delivered:
- Over 3,339% returns in the last five years.
- Over 3,026% returns in the last three years.
- Over 450% gains in the last one year.
The stock had touched its 52-week high of ₹526.95 on 2 January 2026. Its 52-week low was ₹55.75 on 7 April 2025. As of the close on 2 January 2026, the company's market capitalisation stood at ₹11,274.28 crore.
Halwasiya summarised the company's position, saying, "We begin 2026 with encouraging momentum, strong order visibility, and steady progress across our expansion initiatives. We remain confident of surpassing our FY26 guidance." The market's reaction to this confidence and the new expansion plans will be keenly watched in the coming week.
