Cupid shares surged 10% in intraday trade on Thursday, hitting an all-time high after strong Q2 results. The stock extended its rally for the fourth consecutive session.
Investor sentiment improved after the company reported a 133% year-on-year (Y-o-Y) increase in net profit and raised its financial guidance for FY27.
The stock opened nearly 2% higher at ₹360 on the National Stock Exchange (NSE). It later touched a record high of ₹389. At 10 AM, Cupid shares were trading 7.3% higher at ₹379.60.
The stock also featured among the most actively traded counters on the NSE. Around 29 million shares worth ₹1,067.80 crore changed hands during the first 45 minutes of trading.
Cupid Q2FY27 Financial Performance
According to the company's exchange filing, net profit for the September quarter increased 133% Y-o-Y to ₹56.22 crore, compared with ₹24.13 crore in Q2FY26. Revenue from operations rose 122% to ₹187.86 crore from ₹84.45 crore a year earlier. Total income increased 132% to ₹208.97 crore.
EBITDA for the quarter stood at ₹54.77 crore, up 92% from ₹28.41 crore in the corresponding quarter last year. Net profit margin expanded by 139 basis points to 30%.
Key Highlights:
- Net profit increased 133% Y-o-Y to ₹56.22 crore in Q2FY27.
- H1FY27 total income rose 136% to ₹365.95 crore.
- FY27 revenue guidance was raised to over ₹880 crore.
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For H1FY27, total income grew 136% to ₹365.95 crore, while net profit increased 156% to ₹100.37 crore. The domestic business contributed ₹224.64 crore, accounting for 67% of sales. The international business generated ₹112.73 crore, representing 33% of sales.
Cupid Raises FY27 Guidance; Shares Deliver Multibagger Returns
Following its strong Q2 results, Cupid raised its FY27 revenue guidance to over ₹880 crore and net profit guidance to over ₹275 crore.
For FY28, it expects revenue of over ₹1,305 crore and net profit of around ₹390 crore. For FY29, the company targets revenue of over ₹1,950 crore and net profit of around ₹605 crore.
Cupid's new 1,70,000 sq. ft. manufacturing facility at Palava, Maharashtra, is scheduled for commissioning in Q3. At full capacity, the facility will take its annual production capacity to approximately 1.25 billion male condoms and 125 million female condoms.
The company also expects its partnership with V2 Retail to generate at least ₹400 crore in revenue over the next 12 months. Cupid shares have gained 258% in 2026 so far and surged more than 570% over the past year, according to NSE data.
Avinash Gorakhshar, Founder of Avinash Mentor Research, attributed the rally to capacity expansion, entry into high-margin in-vitro diagnostics (IVD) medical kits, and domestic and export market growth. He also cited earnings growth, institutional inflows, and margin recovery as contributing factors.
