Cupid Limited, India's premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, hair oil, body oils, petroleum jelly and other FMCG Products, has registered total income of Rs. 47.29 crore as compared to Rs. 36.44 crore in Q2 FY24, up by 29.73%.

Net Profit was at Rs. 10.04 crore, as compared to Rs. 5.12 crore in Q2 FY24, clocking a growth of 96.22%.

Commenting on the results, Aditya Kumar Halwasiya, Managing Director said, “We are delighted to announce a good set of numbers for the quarter. On the operational efficiency front we have delivered great margins on YoY quarterly basis in spite of seeing an increase in depreciation and employee cost. We are building the foundation blocks for a stronger, larger and more prosperous Cupid Limited. We have finalized the architect and main structural consultant and are in the advanced stages of appointing the main contractor to start the construction of the new Cupid Palava plant. Levelling of the land and construction of the compound wall is currently underway and we have also finalized the machinery suppliers for the new plant and will place orders for the same during Q3 and Q4 of FY25. We are confident of starting operations at our new Palava plant by December 2025."

"Parallelly we are expecting to achieve a revenue milestone of Rs. 60 crore from our domestic B2C business where our major focus is to offer the best quality consumer products at compelling prices through a wide network of distributors ensuring Cupid’s presence in more than 150,000 retail touchpoints by the end of FY25. We are actively working with large modern retailers and executing co-branding opportunities with leading retail chains and online E-Commerce sites for greater brand visibility and to drive sales growth. Going by the current growth trajectory we are confident of achieving Rs. 125 crore revenues just from our domestic B2C segment in FY26,” added Halwasiya.