Cupid Limited Sets FY26 Revenue Target at ₹335 Crore

Cupid Limited, India's premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, perfumes, deodorants, almond hair oil, body oils, petroleum jelly and other FMCG Products has declared its financial results for Q4FY25 and Year ended March 31, 2025.

Cupid Limited has given a robust topline target of INR 335 Crores for FY26 and is looking at growing its topline at a CAGR of 50% over the subsequent two years.

Operational Highlights for FY25:

• Onboarding and consistent engagement with super stockists, distributors and other network partners for robust growth in Cupid FMCG branded business to reach over 1 lakh retail touchpoints across chemists, modern trade and general trade Pan-India thus achieving a turnover of over Rs. 50 crores in FY25 with a target to more than double turnover to Rs. 125 crores in FY26 from Cupid’s B2C India Business.
• Set up of In-House Billing ERP, R&D, Procurement, QC, Logistics, Warehousing and expanding the B2C basket of Cupid products by launching new Eau De Parfums (EDPs), new deodorants, almond hair oil, massage oils, skin protecting jelly, toilet seat sanitizers, hair removal sprays, face wash, menstrual cups, Ultra-Thin Male Condoms and Climax Delay Spray.
• On B2B business front both international and domestic tender business and OEM private label is growing on account of sustained efforts by the management to engage with customers and partners, a notable outcome has been the full clearance of Cupid lubricants by the United Nations Population Fund (UNFPA) and full resumption of sizeablelubricantsandcondomsbusinesswiththeUNFPAanditsGlobalPartnersfrom the start of FY26.
• Incremental and cost saving enhancements and automations were done at the existing factory at Sinnar while the new factory setup at Palava is currently underway in full swing with the Project Management Consultant, Jones Lang LaSalle (JLL) overseeing project progress along with the Cupid Team.
• Maintaining and expanding Cupid’s global multi-product certifications and registrations, advanced progress was also made on CE Certification for Cupid’s Pregnancy, Hepatitis B, HIV, Syphilis IVD Kits and WHO Prequalification for its Malaria IVD Kit, these important international certifications for Cupid IVD Kits are expected within FY26.
• Strengthened board with appointment of four new directors. Ms. Smeeta Bhatkal, Mr.Santosh Desai and Mr. Akshay Kumar joined as an Independent Directors; Ms. Shaina NC as Non-Executive Director.

Consolidated Financial Statement Highlights for Q4FY25 vs Q3FY25 and FY24 vs FY25

Q4 FY25 - Financial Highlights:

• Total Income was at Rs. 6,111.18 lakhs, as compared to Rs. 5,075.96 lakhs in Q3 FY25.
• Operating Income was at Rs. 5,648.18 lakhs, as compared to Rs. 4,635.14 lakhs in Q3 FY25.
• EBITDA was at Rs. 1,340.18 lakhs, as compared to Rs. 1,138.56 lakhs in Q3 FY25.
• Net Profit was at Rs. 1,151.09 lakhs, as compared to Rs. 1,108.26 lakhs in Q3 FY25.

FY25 - Financial Highlights:

• Total Income was at Rs. 20,318.29 lakhs, as compared to Rs. 17,830.49 lakhs in FY24.
• Operating Income was at Rs. 18,352.13 lakhs, as compared to Rs. 17,108.87 lakhs in FY24.
• EBITDA was at Rs. 4,172.59, as compared to Rs. 5,010.12 in FY24.
• Net Profit was at Rs. 4,088.73 lakhs, as compared to Rs. 3,985.48 lakhs in FY24.

Commenting on the performance, Mr Aditya Kumar Halwasiya, Chairman and Managing Director said,

“We have closed a successful and strong FY25. Since the takeover of Cupid Limited in early Q3 FY24, my team and I have ensured that we maximize stakeholder value across all levels.

We remain comfortably capitalized and are ready for the next era of profitable growth spurred by our strong international business along with our cost-effective foray into India's B2C FMCG space where the best quality Cupid products are available Pan-India at a competitive price for the masses.

I am content with Cupid Limited's strong performance in FY25 and remain very optimistic for the upcoming years at Cupid Limited as we strive to grow and consolidate our position in the different markets, we are present in.”