The company further said that it remains confident of exceeding previous FY26 expectations of Rs 335 crore in revenue and Rs 100 crore in PAT, supported by operational efficiencies, stable demand and progress in execution.On the capacity expansion front, Cupid said operations at the Palava facility in Maharashtra are continuing as planned, in line with the company’s broader roadmap.
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“Cupid’s FMCG portfolio continues to see growing demand across India, supported by a growing retail presence in the personal care and wellness categories. Recently launched products such as Petroleum Jelly, Face Wash and Talc Powder have received encouraging consumer response,” the filing to the stock exchanges said.
Following in-principle approval by the company’s board on December 29, 2025, the proposed FMCG manufacturing facility in Saudi Arabia aims to support regional demand and improve delivery times in the GCC and nearby export markets, the company said, adding that the project is expected to be completed by March 2027. Shares of Cupid fell 20% today amid profit booking after an unbeaten 13-day rally that saw the share price rise 34%. The price action took place on strong volumes as over 2 crore shares changed hands on the exchanges.
Read more: Cupid shares plummet 20% after profit booking, ending unbeaten 13-session rally
The Aditya Kumar Halwasia-promoted company hit a 52-week high of Rs 526.95 on Thursday.
Halwasia is an Indian investor with a stake in Tourism Finance Corporation of India Ltd (TFCIL) and is also the Chairman and Managing Director of Cupid. He recently bought 38 lakh shares in The Karnataka Bank for Rs 71 crore.
The multibagger stock has been in great shape, delivering a 452% return over a one-year period.
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