Aditya Kumar Halwasiya, the Chairman and Managing Director of Cupid Ltd., has significantly increased his personal stake in the company, bringing his total shareholding to 33.45%. This strategic move was executed through open market purchases this week, signaling strong confidence in the company's trajectory.
Halwasiya's Recent Share Acquisitions
The latest transaction saw Halwasiya acquire 8,03,000 shares, representing 0.06% of Cupid's total equity. This acquisition was disclosed in an exchange filing after market hours on Tuesday. Following this purchase, his individual shareholding rose to 33.45%, while the aggregate shareholding of the promoter and promoter group now stands at 46.40%.
This marks the second disclosed share purchase by Halwasiya within the week. Earlier on Monday, Cupid had informed stock exchanges about his acquisition of an additional 13,95,538 shares through another open market transaction. Cumulatively, these two purchases amount to 21,98,538 shares.
Strong Financial Performance in Q1 FY27
The increased promoter confidence aligns with Cupid Ltd.'s robust financial performance for the June quarter of FY27. The company reported a substantial surge in its net profit, which climbed 194% year-on-year (YoY) to Rs 44.15 crore, compared to Rs 15.01 crore in the corresponding quarter of FY26.
- Total income increased by 142% YoY, reaching Rs 156.98 crore from Rs 59.80 crore in the year-ago period.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw an impressive 265% YoY growth, rising to Rs 60.06 crore from Rs 16.47 crore.
- The company's EBITDA margin also improved significantly, expanding by 1,127 basis points (bps) YoY to 39% in Q1 FY27 from 28% in Q1 FY26.
Management's Optimistic Outlook
"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," stated Halwasiya, commenting on the Q1 earnings. "Supported by a robust order book, healthy business momentum and strong visibility across our key operating segments, we have enhanced our FY27 guidance to Rs 725 crore - Rs 750 crore in revenue and Rs 210 crore - Rs 225 crore in Net Profit."
Stock Performance and Surveillance
Despite the positive news and strong financials, Cupid shares were trading 2.05% lower at Rs 278.20 in early trade on Wednesday. However, the stock has demonstrated significant growth over the past six months, gaining an impressive 235.83%.
Investors should note that the securities of Cupid are currently placed under the long-term Additional Surveillance Measure (ASM) framework by both BSE and NSE. This framework is implemented by exchanges to alert investors about high volatility in share prices.
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 portfolio of Consumer Healthcare and FMCG products.