Mumbai, India – Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Ltd, has significantly increased his personal stake in the company through an open market transaction. The acquisition, comprising 13,95,538 shares, represents an additional 0.10 percent of Cupid's total equity.
Following this purchase, Halwasiya's individual shareholding in the company now stands at 33.39 percent. The aggregate shareholding of the promoter and promoter group has consequently risen to 46.34 percent, according to an exchange filing made after market hours on Monday, August 17, 2026.
Stock Performance and Market Surveillance
The news of the stake increase comes as Cupid shares experienced a notable decline, closing 7.82 percent lower at Rs 270.90 today. Despite this recent dip, the stock has demonstrated remarkable growth, surging by 215.33 percent over the past six months, earning it 'multibagger' status.
Investors should note that Cupid's securities are currently placed under the long-term Additional Surveillance Measure (ASM) framework by both the BSE and NSE. This measure is implemented by exchanges to alert investors to stocks exhibiting high volatility in their share prices.
Strong Q1 FY27 Financials Reported
The stake increase and stock movement follow a robust financial performance reported by Cupid for the June quarter of fiscal year 2027. The company announced a significant 194 percent year-on-year (YoY) rise in net profit, reaching Rs 44.15 crore, compared to Rs 15.01 crore in the corresponding quarter of FY26.
Total income also saw a substantial increase, surging 142 percent YoY to Rs 156.98 crore from Rs 59.80 crore in Q1 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) climbed an impressive 265 percent YoY to Rs 60.06 crore, up from Rs 16.47 crore.
Furthermore, Cupid's EBITDA margin improved by 1,127 basis points (bps) YoY, reaching 39 percent in Q1 FY27, compared to 28 percent in Q1 FY26.
Management Outlook and Business Segments
Commenting on the Q1 earnings, Chairman Halwasiya expressed confidence in the company's trajectory. He stated, “We have commenced FY27 with strong momentum across both our international B2B healthcare and Consumer Healthcare & FMCG businesses. Healthy execution during the quarter, improving order visibility and sustained demand across our core segments have strengthened our confidence in the Company's growth trajectory.”
Supported by a robust order book and strong business momentum, Cupid has enhanced its FY27 guidance, projecting revenue between Rs 725 crore and Rs 750 crore, and a net profit of Rs 210 crore to Rs 225 crore.
Cupid Ltd specializes in the manufacturing and marketing of male and female condoms, water-based personal lubricants, and in-vitro diagnostic (IVD) kits. The company also maintains a diverse portfolio of Consumer Healthcare and FMCG products.