Cupid promoter buys Rs 163 crore shares despite stock fall

Cupid promoter Aditya Kumar Halwasiya has increased his stake in the company, buying shares worth Rs 163 crore. Business Today reports that despite his investment, the stock slipped 7.82% to close at Rs 270.90 on Tuesday. The securities of Cupid are placed under the long-term Additional Surveillance Measure (ASM) framework on both BSE and NSE to caution investors about high volatility.

Cupid reported a strong performance in the June quarter of FY27. Its net profit rose 194% year-on-year to Rs 44.15 crore, and total income surged 142% to Rs 156.98 crore. EBITDA climbed 265% to Rs 60.06 crore, and the EBITDA margin improved by 1,127 basis points to 39%. Halwasiya said the company has enhanced its FY27 guidance to revenue of Rs 725-750 crore and net profit of Rs 210-225 crore, backed by strong order visibility and sustained demand.

Cupid manufactures male and female condoms, personal lubricants, and in-vitro diagnostic kits, along with consumer healthcare and FMCG products. Halwasiya also drew attention by investing in Baazar Style Retail, a value fashion retailer in eastern India. The stock has surged 664% in the past year despite the recent decline.