Cupid Q2 Profit Rises About 133% to Rs 56.22 Crore

Cupid Limited, the Indian maker of condoms and personal care products, reported a consolidated net profit of Rs 56.22 crore for the quarter ended September 30, 2026 (Q2 FY27), up about 133% from about Rs 24.1 crore a year earlier. The company announced its unaudited results on November 11, 2026.

Consolidated revenue from operations rose about 122% year on year to Rs 187.86 crore, from Rs 84.45 crore in Q2 FY26. Total income for the quarter was Rs 208.97 crore and EBITDA was Rs 54.77 crore, up about 93% year on year. For the first half of FY27, revenue from operations reached Rs 342.58 crore.

Cupid Q2 FY27 at a glance

Cupid's first half of FY27 in numbers

Over the six months to September 30, 2026, Cupid's consolidated revenue from operations rose about 137% year on year to Rs 342.58 crore, and total income was Rs 365.95 crore. EBITDA for the half year was Rs 114.83 crore and net profit was Rs 100.37 crore, both up about 156% year on year. The EBITDA margin was 33.5% and the net profit margin was 29.3%.

Compared with the June quarter, when revenue from operations was Rs 154.72 crore and net profit was Rs 44.15 crore, Q2 revenue rose about 21% and net profit rose about 27%. The company said it put through a price increase of at least 10% across its export portfolio.

How Cupid's quarters and targets have moved

Cupid makes male and female condoms, water-based lubricants and rapid diagnostic (IVD) test kits, and sells personal care products in India. Its chairman and managing director is Aditya Kumar Halwasiya. The company has raised its FY27 revenue target several times this year.

Cupid's board clears conversion of its remaining Baazar Style warrants

Along with the results, Cupid's board approved converting the remaining 56 lakh warrants it holds in Baazar Style Retail Limited into equity shares, at a predetermined price of Rs 328.25 per share. Cupid was allotted 1.01 crore warrants of Baazar Style Retail, and the company said 45 lakh of them have already been converted.

What Cupid said about FY27 to FY29

Cupid said it has raised its FY27 revenue guidance to at least Rs 880 crore. The company also said it expects revenue of at least Rs 1,305 crore in FY28 and Rs 1,950 crore in FY29.

Where Cupid stands after Q2 FY27

Cupid's consolidated net profit more than doubled to Rs 56.22 crore in Q2 FY27, and its first half revenue from operations reached Rs 342.58 crore. The company has set a revenue target of at least Rs 880 crore for the full year FY27, up from at least Rs 800 crore in September.

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