Cupid Limited Earnings Summary — Q4 FY2026
Cupid Limited Reports Robust Q4 Performance with 112% Revenue Surge and Record Net Profits
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 9 consecutive quarters.
- Revenue of ₹157 Cr is 142.5% higher year-on-year.
- Revenue has compounded at 47.1% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹44 Cr is 194.0% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 31.8% annualised across the period.
- Operating margin stands at 39.7% in Q1 FY2027.
- Operating margin expanded by 661 bps year-on-year.
- Over the last two years operating margin has expanded by 1346 bps.
- PBT margin is 38.2%.
- Expense growth of 118.5% remained below revenue growth of 142.5%.
- Operating profit of ₹62 Cr is 191.0% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 90/100 (Excellent) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 157 | 132 | 104 | 90 | 65 | 61 | 51 | 47 | 44 | 66 |
| Expenses | Strong Uptrend | 95 | 82 | 59 | 56 | 43 | 43 | 35 | 31 | 32 | 32 |
| Operating Profit | Strong Uptrend | 62 | 50 | 45 | 34 | 21 | 18 | 16 | 16 | 12 | 34 |
| Operating Margin | Stable | 39.7% | 37.6% | 43.3% | 37.9% | 33.1% | 29.6% | 31.1% | 33.9% | 26.2% | 51.4% |
| Other Income | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Interest | Volatile | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 |
| Depreciation | Improving | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | Strong Uptrend | 60 | 47 | 43 | 32 | 20 | 16 | 14 | 14 | 11 | 32 |
| Tax | Volatile | 16 | 11 | 10 | 8 | 5 | 4 | 3 | 4 | 2 | 8 |
| Net Profit | Strong Uptrend | 44 | 36 | 33 | 24 | 15 | 12 | 11 | 10 | 8 | 24 |
| Net Margin | Stable | 28.1% | 27.5% | 31.5% | 26.7% | 23.2% | 18.9% | 21.8% | 21.2% | 18.8% | 36.0% |
Key Takeaways
- Revenue from operations witnessed a massive 112% year-on-year increase, reaching ₹11,996 Lacs in Q4.
- Consolidated Net Profit jumped to ₹3,626 Lacs, representing a 214% growth compared to the same period last year.
- The company successfully completed a 4:1 bonus issue in March 2026, significantly expanding the equity base to 134.47 crore shares.
- Operational efficiency remained high with a year-end ROCE of 33.5%, despite higher raw material costs.
- Management forfeited ₹96.30 crores in warrant upfront payments as 4.40 crore warrants were not exercised by the deadline, preventing equity dilution.
- Cupid is aggressively pivoting from a tender-driven model to a retail FMCG brand under new promoter leadership.
Management Guidance
Management is focusing on a fundamental transition toward the FMCG retail sector and capacity expansion, aiming to leverage its leadership in female condoms while scaling the new IVD kit segment.
Sentiment Shift
Improving
The transition to a high-growth FMCG model is delivering immediate top-line results, with the market responding to a 95% TTM revenue jump and robust operational margins.
Outlook
The outlook is highly bullish on scale but cautious on valuation, as the company trades at significant multiples while building out its retail distribution network.
From the Annual Report (Key Quotes)
“The Company is engaged in manufacturing and trading of Personal Care Products... and has only one reportable segment.”
“The upfront amount of ₹96.30 crores received stands forfeited... consequently, there has been no equity dilution arising from the said warrants.”
“The board of directors has approved the issue of bonus shares... in the ratio of 4:1.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from Cupid Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.