Cupid expects turnover growth of 65% in FY26

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| Photo Credit:
Akash Gupta

Cupid Ltd, a leading manufacturer of condoms and FMCG products, expects turnover to increase 65 per cent this fiscal to ₹335 crore against ₹203 crore logged in FY25, on the back new product launches and ventures into new markets.

Th company is looking at growing its topline at a CAGR of 50 per cent over the subsequent two years.

Cupid has onboarded over one lakh retail touchpoints across chemists, modern trade and general trade Pan-India for a robust growth in FMCG branded business.

This segment of business has achieved a turnover of over ₹50 crore in FY25 and expected I more than double to ₹125 crore in FY26 from B2C business in India.

It has expanded the B2C basket of Cupid products by launching new Eau De Parfums (EDPs), new deodorants, almond hair oil, massage oils, skin protecting jelly, toilet seat sanitizers, hair removal sprays, face wash, menstrual cups, Ultra-Thin Male Condoms and Climax Delay Spray.

On B2B business front, both international and domestic tender business and OEM private label is growing on account of sustained efforts by the management to engage with customers and partners, said the company.

The Cupid lubricants recently received full clearance by the United Nations Population Fund (UNFPA) and full resumption of sizeable lubricants and condoms business with the UNFPA and its global partners to start from this fiscal, it added.

On the production front, the company has undertaken incremental cost saving programs. The automation at the existing factory at Sinnar is complete while the new unit is being set up at Palava with the Project Management Consultant, Jones Lang LaSalle overseeing project progress along with the Cupid team.

In the FY26, the company expects to receive CE Certification for Cupid’s Pregnancy, Hepatitis B, HIV, Syphilis IVD Kits and WHO prequalification for its Malaria IVD Kit.

Aditya Kumar Halwasiya, Chairman and Managing Director said the company is ready for the next era of profitable growth spurred by strong international business and cost-effective foray into India’s B2C FMCG space where the best quality Cupid products are available pan-India at a competitive price for the masses.

Published on May 22, 2025