Cupid Limited Creates History with Record Quarter
The Indian stock market witnessed an extraordinary performance from Cupid Limited as the small-cap company's share price skyrocketed to an all-time high on Thursday, November 13. This remarkable surge came immediately after the company announced blockbuster financial results for the September quarter that far exceeded market expectations.
Cupid's stock price climbed as much as 3% during Thursday's trading session, reaching an unprecedented peak of ₹287.86 per share. This represents the culmination of an impressive five-session rally that saw the stock accumulate gains of nearly 17%. However, the real story unfolds when we look at the broader picture - this multibagger stock has achieved the incredible feat of doubling investors' wealth in just six months, delivering staggering returns of 235%.
Q2 FY26 Results: Breaking Down the Numbers
According to the official press release dated November 12, Cupid Limited demonstrated phenomenal financial performance across all key parameters. The company reported a massive 140% year-on-year increase in consolidated net profit, which soared to ₹24.12 crore in Q2 FY26 compared to ₹10.04 crore during the same period last year.
The revenue growth story was equally impressive, with operations revenue surging 103.22% year-on-year to reach ₹84.44 crore for the quarter ended September 30, 2025. Profit before tax (PBT) showed robust growth of 126.61%, climbing to ₹32.18 crore from ₹14.20 crore in the corresponding quarter of the previous fiscal year.
Perhaps most notably, the company's EBITDA performance was extraordinary, jumping 176% to ₹28.41 crore compared to ₹10.28 crore in Q2 FY25. This dramatic improvement translated into significantly enhanced profitability, with the EBITDA margin expanding to 34% from 25% a year earlier.
Management Vision and Future Outlook
Aditya Kumar Halwasiya, Chairman and Managing Director at Cupid Limited, expressed tremendous enthusiasm about the company's performance. He described Q2 FY26 as a milestone quarter that represents the strongest in Cupid's history and serves as validation of the company's strategic direction across India FMCG, B2B exports, and Diagnostics segments.
"What excites me is the quality of growth: brand acceptance in India, deeper relationships and large allocations in exports and certification tailwinds that expand our addressable markets," Halwasiya stated. "With capacity expansion and smarter procurement, we are removing execution bottlenecks and building a durable growth engine."
The company leadership remains confident about achieving their stated guidance of ₹335 crore in topline for FY26, with potential upside revisions to be considered during the second half of the fiscal year based on constructive developments across their portfolio.
Looking ahead, Cupid Limited anticipates an even stronger performance in the second half of FY26, driven by robust order visibility and continuous improvements in execution capabilities. The company expects to deliver net profit exceeding ₹100 crore for the full fiscal year.
Positioned as an emerging, fast-maturing FMCG player with expanding retail presence across both domestic and international markets, Cupid is leveraging key certification milestones, capacity expansion initiatives, and enhanced distribution reach to drive scale across its Wellness, Personal Care, and IVD categories in both B2B and B2C segments.
Established in 1993, Cupid has evolved into a comprehensive manufacturer and brand offering male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly, and various other FMCG products. The company maintains a strong commitment to public health and wellbeing while adhering to ethical business practices aligned with international standards.
