Cupid Shares Hit Record High on Q2 Profit Surge

Editorial Deep Dive & Context

Shares of Cupid Ltd surged nearly 10% to touch an all-time high of Rs 389 on November 12, driven by robust second-quarter financial results for FY27. The company reported a consolidated net profit of Rs 56.22 crore, marking a 133% year-on-year increase from Rs 24.13 crore in the corresponding period last year.

Operating income climbed 122% to Rs 187.86 crore, while EBITDA rose 93% to Rs 54.77 crore with a margin of 29%. For the first half of FY27, net profit more than doubled to Rs 100.37 crore, supported by a strategic shift toward domestic consumer healthcare and FMCG operations which now account for 67% of total sales.

In response to this strong performance, Cupid raised its financial guidance for FY27, projecting revenue of at least Rs 880 crore and net profit of Rs 275 crore or more. The outlook extends through FY29, with targets reaching Rs 1,950 crore in revenue and Rs 605 crore in profit. Growth is further bolstered by exclusive retail partnerships with V2 Retail and Style Baazar, expected to contribute significantly to future sales volumes across organized retail channels. Despite the impressive top-line growth, analysts note that operating margins compressed slightly due to higher input costs and a changing revenue mix. Additionally, part of the quarterly profit included a non-operating gain of Rs 20.03 crore from investment fair value adjustments. Consequently, Cupid’s stock has been placed under the Additional Surveillance Measure (ASM) framework on both the BSE and NSE to alert investors to high volatility.

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