Cupid share price skyrockets 300% in 6 months! Firm confident of exceeding FY26 revenue guidance; check details

The stock of the company rallied as much as 9.32% to hit a high of ₹468.95 in the early trade before paring gains.

Last seen, shares of Cupid were trading at ₹434.30 apiece on the NSE, up 1.62%.

What happened last week?

Last week, the company's stock price witnessed heightened volatility. This led to the company issuing a clarification regarding the unusual movement in the company's share price/volume on Friday.

In its statement, the company said that it was not aware of any undisclosed material event or development that would warrant such volatility.

"The company continues to operate normally and remains focused on execution of its stated strategy," the statement read.

Shares of the company tumbled 20% in Friday's session (January 2).

"It has come to our attention that certain false and unverified rumours are being circulated with the apparent intent to create panic and tarnish the reputation of the company and its promoters. The company is reviewing the same and will take appropriate steps as may be required," Cupid said.

The promoters remain fully committed to the company's long-term value creation and to protecting the interests of all stakeholders, the statement added.

Cupid Q3 FY26 business update

In its press release, Cupid said it expects Q3 FY26 to be its best-performing quarter to date, driven by continued demand strength and smooth operational execution.

Cupid’s order book stands at its highest level so far, providing clear visibility for performance in the coming quarters.

FY26 outlook

Cupid said that the management remains confident of exceeding its earlier FY26 guidance of ₹335 crore in revenue and ₹100 crore in PAT, supported by operating efficiencies, stable demand, and execution progress.

Capacity expansion progressing as planned

The company said that the work at the Palava, Maharashtra, manufacturing facility continues as scheduled, in line with the company’s broader capacity expansion roadmap.

FMCG business is gaining wider acceptance

"Cupid’s FMCG portfolio continues to see growing demand across India, supported by expanding retail presence in the personal care and wellness categories. Recently launched products such as petroleum jelly, face wash, and talcum powder have received encouraging consumer response," it added.

Strategic Growth Update

Cupid said that as part of its long-term strategy, the company is gradually strengthening its presence in the GCC region, with a focus on improving supply responsiveness and market proximity.

• Following the Board’s in-principle approval announced on 29 December 2025, the proposed FMCG manufacturing facility in the Kingdom of Saudi Arabia is intended to support regional demand and improve supply timelines across the GCC and nearby export markets. The project is targeted for completion by March 2027, subject to regulatory approvals and execution milestones.

• Saudi Arabia represents an attractive FMCG market, supported by long-term factors such as population growth, urbanisation, and rising consumer spending.

Macro Environment

The company said it continues to benefit from the prevailing rupee environment and, based on current visibility, does not expect any material impact on its FMCG or international B2B plans from tariff or trade-related developments.

Cupid holds key international certifications and registrations across its product portfolio, including male and female condoms, lubricants, and IVD kits. Recent and upcoming CE certifications for its four IVD kits and lubricants, along with the expected WHO prequalification for the Malaria IVD kit and

Version 3 Female Condom will support growth in international markets.

• Cupid’s investment in GII Healthcare Investment Limited Fund has appreciated to approximately 1.2x of the initial investment made in October 2025.

What management said on Q3 updates

Aditya Kumar Halwasiya, Chairman and Managing Director, said, “We begin 2026 with encouraging momentum, strong order visibility, and steady progress across our expansion initiatives. The in-principle approval for the proposed Saudi FMCG facility reflects our intent to gradually build a broader and more diversified growth platform while remaining focused on prudent capital allocation. We remain confident of surpassing our FY26 guidance.”

About Cupid

Established in 1993, Cupid Limited is the manufacturer of male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG products.

The company has recently expanded its product offerings to include Fast-Moving Consumer Goods (FMCG) such as fragrance products (Eau De Perfumes, Deodorants, Pocket Perfumes), personal care items (Toilet Sanitisers, Hair & Body Oils, Hair Removal Sprays, Face Wash), and other wellness solutions.

Cupid currently exports its products to over 110 countries, with a substantial portion of its revenue generated from international markets. Furthermore, it has established a long-term agreement with WHO/UNFPA.

Cupid share price trend

Shares of Cupid Ltd have slipped around 17% over the past five sessions. However, the stock has jumped over 14% in the past month and has skyrocketed over 300% over the past six months.