Cupid’s Q2 Profit Jumps 133% to INR 56.22 Crore; Raises Targets
Key Facts
Cupid reported net profit of INR 56.22 crore in the second quarter of fiscal 2027 ended September 30, up 133% from INR 24.13 crore in the year-earlier period. In its results announcement, the company raised its FY2027 revenue target to at least INR 880 crore and its net profit target to at least INR 275 crore. The profit increase in the quarter forms part of a broader revision to the company’s full-year outlook. The results also showed growth in total income and operating revenue compared with a year earlier. The figures and guidance are based on the company’s statement on its quarterly and first-half results.
Total income was INR 208.97 crore in the second quarter, up 132% year on year and 33% from the previous quarter. Operating revenue was INR 187.86 crore, an annual increase of 122%. The distinction separates total income from revenue generated by operations, with both recording strong growth over the same period. Earnings before interest, taxes, depreciation and amortization were INR 54.77 crore, with a margin of 29%. These figures provide a picture of business scale and operating profitability alongside reported net profit.
In the first half of fiscal 2027, domestic business contributed INR 224.64 crore, equivalent to 67% of sales, compared with a 41% share in fiscal 2026. Consumer healthcare and fast-moving consumer goods contributed INR 166.88 crore, or 49% of sales. This highlights the increased weight of the domestic market in the sales mix during the first half compared with the previous fiscal year. International business contributed INR 112.73 crore, representing 33% of first-half sales. The company said institutional demand through the PFSCM agreement and supplies under South Africa’s national programme for 2025–30 supported this international activity.
The higher FY2027 guidance represents increases in the revenue and net profit targets from their previous levels. The revenue target rose from INR 800 crore or more to INR 880 crore or more, while the net profit target increased from INR 250 crore or more to INR 275 crore or more. The change allows a direct comparison between the previous and updated guidance announced by the company after its second-quarter results. The statement links the short-term results trajectory with the targets announced for the current fiscal year. The higher guidance alone does not provide a breakdown of the expected results over the remainder of the year.
Cupid’s target path extends into the following two fiscal years. The company set its fiscal 2028 revenue target at INR 1,305 crore or more and net profit at around INR 390 crore. For fiscal 2029, it set revenue at INR 1,950 crore or more and net profit at about INR 605 crore. These figures present the company’s outlook for revenue and profit growth after fiscal 2027, while remaining future targets announced in the statement. Cupid also announced on November 4 an exclusive long-term retail partnership with V2 Retail covering more than 425 stores, targeting additional annual revenue of INR 400 crore.