Cupid, a leading manufacturer of condoms and FMCG products, reported that its net profit in the March quarter more than tripled to ₹36 crore (compared to ₹11 crore in year-ago period) driven by strong execution, consistent demand momentum and improved traction across key business segments.
Income more than doubled to ₹132 crore (₹61 crore). EBITDA nearly tripled to ₹38 crore (₹13 crore).
For the full year FY26, the company’s net profit was up at ₹108 crore (₹41 crore) on an income of ₹391 crore (₹203 crore).
The company has secured raw material inventory for over six months across key product categories, including inputs linked to crude derivatives.
Strategic inventory will support operational stability and margin resilience across markets, said the company.
Product price revisions undertaken remain broadly aligned with prevailing inflationary conditions, it added.
Demand across FMCG businesses continues to remain robust with growing consumer penetration.
Strong raw material security and favourable global demand trends continue to position the business well to navigate inflationary cycles while sustaining growth momentum, it added.
Cupid surpassed its FY26 annual guidance of ₹335 crore revenue and ₹100 crore net profit, reflecting exceptional business momentum.
The company targets a revenue of ₹600 crore and net profit of ₹180 crore in FY27.
Exports contributed ₹208 crore, accounting for 59 per cent of revenue last fiscal, with a strong presence across Africa and other high-demand international markets.
The dollar and rupee exchange rates currently is expected to act as a favourable tailwind given its growing international operations, it said.
Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid, said backed by dual polymer manufacturing capability, the company is well positioned as the only manufacturer in India with the ability to produce both latex and nitrile condoms, with planned capacity of 1.25 billion male condoms and 125 million female condoms annually.
“We are confident of sustaining this growth trajectory and achieving our FY27 revenue target of ₹600 crore with net margins above 30 per cent, as we continue to build a scalable and globally competitive business,” he added.
Published on May 16, 2026