Cupid shares hit record high as Q2 profit doubles, FY27 guidance raised
SHARES OF CUPID LTD hit a record high on Thursday, November 13, a day after the personal care company posted a more than twofold jump in second-quarter net profit and raised its guidance for the full year.
Cupid’s share price touched a fresh peak on NSE, continuing a rally that has made it one of the best-performing small-caps in the past year. The company’s Q2 net profit came in at ₹56.2 crore, up 133% from the year-ago quarter, while revenue rose to ₹188 crore from ₹84.4 crore, according to its earnings statement.
Q2 profit doubles, H1 momentum strong
Cupid’s net profit for the September quarter rose 133% year-on-year to ₹56.2 crore. Revenue for the quarter was ₹188 crore, compared with ₹84.4 crore a year earlier.
For the first half of the fiscal year, net profit jumped 156% to ₹100.37 crore, and revenue surged 137% to ₹342.58 crore. The company attributed the growth to its domestic consumer healthcare and FMCG businesses.
FY27 guidance raised
On the back of the strong H1, Cupid raised its FY27 revenue guidance to at least ₹880 crore and lifted its net profit guidance to ₹275 crore or more. The company earlier guided to lower numbers for both metrics.
Record high, multibagger run
Cupid shares have been on a tear. Over the past year, the stock delivered a return of 587.61%, far outpacing benchmark indices and sector peers. It was included in the Nifty Smallcap 250 index on October 7, and on that day rose nearly 6% to a record high, with analysts estimating an inflow of about $10 million from index funds.
The stock’s rise continued after the Q2 results, with the share price hitting another record high on November 13.
Bonus issue and retail push
Investors also have a bonus issue to look forward to. Cupid said its board will meet on January 29 to consider issuing bonus shares. The news lifted the stock 3% on the day it was announced.
In a separate development, the company has signed an exclusive retail partnership with V2 Retail, targeting ₹400 crore in revenue from the arrangement. The partnership is part of Cupid’s strategy to expand its domestic FMCG business through organised retail.
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