Cupid shares hit 52-week high as board approves new manufacturing facility; stock up 570% so far this year

Cupid shares were in the spotlight today as the stock rose for the 11th straight day to hit a 52-week high of ₹507 apiece on NSE. The stock traded over 4% higher today after the company’s board gave its in-principle approval to set up a manufacturing facility in Saudi Arabia.

As per the company, the proposed new facility will support its FMCG expansion strategy and is expected to enhance regional supply capabilities, improve speed-to-market and product availability, and strengthen the company's market penetration in the Middle East and the wider GCC region.

This new project is proposed to be funded through Cupid’s internal accruals and will be taken forward after completing detailed evaluations and obtaining necessary regulatory and statutory approvals.

Cupid Ltd is one of India’s leading manufacturers of contraceptive products, male and female condoms, personal lubricants, and IVD kits. As per the company, it is the first company in the world to obtain pre-qualification status from WHO/UNFPA for the supply of both male and female condoms.

The company has recently announced a foray into the FMCG products like male and female deodorants, perfumes and fragrances, face wash, hair oil and other FMCG products.

Cupid Ltd stock performance

The company’s stock has seen strong momentum in 2025. Cupid shares have risen 570% year-to-date as the stock rose from a 52-week low of ₹55.75 per share on April 7, 2025, to a lifetime high of ₹507 apiece. Cupid stock has gained 3,580% in the last 3 years, while its market cap stood at ₹13,604 crore on NSE as of 1:30 pm on December 30 2025.

Recently, Cupid Ltd promoters released the pledged shares of the company, reducing the pledged shareholding from 36.13% to 20% as of September 30. The company said the fall in pledged shareholdings comes amid the improving financials of the company.

In Q2FY26, Cupid reported a 91.4% YoY rise in revenue to ₹90 crore, while its net profit saw a substantial rise of 140% to ₹24 crore.