Cupid shares jump to record high after net profit more than doubles in second quarter

Cupid share price surged 10% to reach an all-time high of ₹ 389 on the BSE on Thursday, 12 November, after the company reported strong second-quarter results for fiscal year 2027. Consolidated net profit more than doubled to ₹ 56.22 crore in the September quarter, marking a 133% increase from ₹ 24.13 crore in the same period last year. Revenue from operations climbed 122% to ₹ 187.86 crore.

Growth Drivers

For the first half of fiscal year 2027, net profit rose 156% to ₹ 100.37 crore, while revenue increased 137% to ₹ 342.58 crore. This growth was driven by strong demand in international markets and a larger share of domestic consumer healthcare and FMCG operations. The domestic business generated ₹ 224.64 crore in the first half, making up 67% of total sales. The international business brought in ₹ 112.73 crore, supported by institutional customers and South Africa's national programme.

Retail Partnerships

Cupid is expanding its reach through organised retail. On 4 November 2026, the company signed a long-term exclusive retail partnership with V2 Retail. It also has a tie-up with Style Baazar, with products expected to be available across more than 290 stores. Cupid expects the Style Baazar partnership to generate around ₹ 200 crore in fiscal year 2027, with annual business potentially growing past ₹ 500 crore in the next few years.

Future Targets

Following its strong performance, Cupid raised its targets for fiscal years 2027 through 2029. For fiscal year 2027, the company now expects revenue of at least ₹ 880 crore and a net profit of ₹ 275 crore or more, up from earlier estimates of ₹ 600 crore and ₹ 180 crore. For fiscal year 2028, it targets revenue of at least ₹ 1,305 crore and net profit of around ₹ 390 crore. For fiscal year 2029, it aims for revenue above ₹ 1,950 crore and net profit near ₹ 605 crore.

Context

Strong quarterly financial results and expanded retail distribution often drive heavy investor interest and push stock prices higher in the market. Companies broaden their retail footprint to increase direct consumer access and boost sales volumes across domestic markets. Stock market projections are updated by firms based on current business growth and ongoing commercial partnerships.