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Cupid Limited reported strong financial results for the quarter ended September 30, 2024. Total income reached ₹4,728.55 Cr, a 29.73% increase year-on-year, while operating income grew by 20.58% to ₹4,155.49 Cr. EBITDA surged by 96.66% to ₹1,027.94 Cr, resulting in an improved margin of 24.74%, up by 957 basis points. Net profit nearly doubled, hitting ₹1,003.87 Cr, with a margin increase of 932 basis points to 24.16%.
The company has expanded its product range, adding Eau De Parfums, deodorants, and more to its portfolio. Operational advancements include contract manufacturing for major FMCG and Pharma firms and ongoing automation of IVD production. Cupid's B2C business is thriving, aiming for ₹60 Cr in revenue with a target of 150,000 retail touchpoints by FY25, and projecting ₹125 Cr in FY26.
With plans for a new plant in Palava expected to begin operations by December 2025, Cupid is positioned for significant growth in both domestic and international markets. Investors should watch closely as the company's expanding product lineup and strategic initiatives indicate a positive outlook.