Now Reading: Cupid profit jumps 194% to Rs 44 crore, raises FY27 guidance
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Cupid profit jumps 194% to Rs 44 crore, raises FY27 guidance
Livemint.com reports that Cupid's consolidated net profit jumped 194% year-on-year to Rs 44 crore in the June quarter, while revenue surged 142% to Rs 157 crore. EBITDA rose 265% to Rs 60…
The Story in Brief
Livemint.com reports that Cupid's consolidated net profit jumped 194% year-on-year to Rs 44 crore in the June quarter, while revenue surged 142% to Rs 157 crore. EBITDA rose 265% to Rs 60 crore, and the margin expanded by 1,127 basis points.
The company raised its FY27 guidance, now expecting revenue of Rs 725-750 crore and net profit of Rs 210-225 crore, citing a strong order book and sustained momentum. It also announced a minimum 10% price increase on its export portfolio and said its Palava facility will be commissioned in Q2 FY27, adding capacity for 1.25 billion male condoms and 125 million female condoms annually.
The Indian Opinion
The sharp profit jump and revised guidance may spark speculative buying, but investors should pause. Cupid's earnings rely heavily on government tenders and export orders, which are lumpy and subject to execution risk. The price hike and Palava plant are positives, but the target of Rs 725-750 crore in revenue by FY27 implies a run rate far above the current quarter. Will the order book deliver that consistently?
Source: livemint.com
This story was synthesised by AI from the source linked above.
