Cupid Limited · NSE:CUPID
Cupid — Q4 FY26 Earnings Presentation
23 slides from Cupid's earnings presentation, May 15, 2026
Slide 1: Cupid Limited exchange filing letter
CUPID LIMITED. Manufacturer & Exporter of Male Condoms, Female Condoms, Water based Lubricants & In Vitro Diagnostics (lVD) Kits $ \JO -) S) \A Date: - 1sth May,2026 sS (1 $ To, Department of Corporate Services, The National Stock Exchange of lndia Ltd. H Exchange Plaza, Sth Floor, Bandra-Kurla \> B
Slide 2: Q4 FY26 Investor Presentation
CUPID LIMITED Q4 FY: uit Presentation) CUPID SALICYLIC ACID, sh
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Cupid Limited (Cupid, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 4: Cupid Limited @ Glance
Cupid Limited @ Glance Cupid Limited is a diversified healthcare and consumer products company with a strong global B2B export presence and a rapidly expanding FMCG business. The company is one of the leading supplier of male and female condoms, personal lubricants, and IVD kits, exporting to over 1
Slide 5: Management Comment On Q4 FY26 Performance
Management Comment On Q4 FY26 Performance We have delivered a historic performance in FY26, surpassing our annual guidance and reporting revenue of ₹358 Cr and net profit of ₹108 Cr. This performance reflects strong execution, improving operating leverage and sustained demand across our businesses,
Slide 6: Record FY26 Performance & Business Visibility
Record FY26 Performance & Business Visibility Surpassed FY26 guidance of ₹335 Cr revenue and ₹100 Cr net profit FY 26 Revenue Contribution Performance Momentum Male Condoms ₹ 181.11 Cr, 51.60% Q4 FY26 marked the strongest quarter in Cupid Limited’s history Growth driven by scaling across exports, FM
Slide 7: FMCG Scale-Up Through Baazar Style Ecosystem
FMCG Scale-Up Through Baazar Style Ecosystem Strategic Investment Creating Retail-Led Growth Platform Allotted 1.01 Cr warrants, convertible into equity shares Strategic investment of ₹331.53 Cr in Baazar Style Retail Limited Investment to strengthen Cupid’s FMCG distribution and retail First phase
Slide 8: Premium Product Innovation & Manufacturing Edge
Premium Product Innovation & Manufacturing Edge Integrated Dual-Polymer Capability Creates Global Differentiation Nitrile Female Condom Opportunity Manufacturing Differentiation Development Program commenced for nitrile ~1.25 Bn male condoms | ~125 Mn female condoms female condom Expanded facility t
Slide 9: Brand Architecture
Brand Architecture Q4 FY26 Result Presentation 8
Slide 10: New Product Launches
New Product Launches Flavour Condoms Super Dotted Cupid Angel Cupid Ultra Cupid Face Wash Face Wash Cupid Angel Banana & Grape with Benzocaine : Bling & Passion Pocket Pack - Gel: 100ml 20ml - 24pcs/Jar Bloom – 50ml 3s & 12s 3s & 12s – 150ml 18ml Cupid Talcum Colour Powder : 20gm & Sunscreen Shower
Slide 11: Rapid Retail Expansion Driving FMCG Scale
Rapid Retail Expansion Driving FMCG Scale FMCG products currently available across 1.50 lakh+ retail outlets nationwide. Presence spans multiple high-frequency trade channels, ensuring wide consumer access Modern Trade Presence E-commerce Presence 2,934+ Store listed & 4000+ projected for FY27 52K+
Slide 12: Regulatory Approvals Strengthening Global Market Access
Regulatory Approvals Strengthening Global Market Access IVD Certification Advantage Export Business & Market Opportunities CE EU IVDR certification received for HIV 1&2 Antibody, Exports contribute ₹208.13 Cr, 59.30% of revenue Hepatitis B Surface Antigen test kits Syphilis and pregnancy Presence ac
Slide 13: Strategic Growth Outlook
Strategic Growth Outlook Building on strong operational momentum, expanded distribution reach, and capacity enhancements, the Company targets a significant scale-up in revenue and profitability over the next three years. FY27 FY28 FY29 Revenue ₹ 600 Cr Revenue ₹ 875 Cr Revenue ₹ 1,150 Cr Net Profit
Slide 14: Growth Outlook & Business Resilience
Growth Outlook & Business Resilience The Company is well positioned to deliver resilient growth, supported by strong export momentum, strategic investments, robust demand, and disciplined operational execution. Strong Growth Favorable External Operational Strength Robust Demand Strategic Value Resil
Slide 15: Q4 FY26 Financial Highlights
Q4 FY26 Financial Highlights Y-o-Y Q-o-Q Y-o-Y Q-o-Q Revenue Growth Revenue Growth EBITDA Growth EBITDA Growth 94.91% 28.31% 179.93% 9.37% Y-o-Y Q-o-Q Earning Per Net Profit Growth Net Profit Growth Share 215.03% 10.44% ₹ 0.27 Financial Takeaways Strong revenue growth driven by exports, FMCG scale-u
Slide 16: Consolidated Q4 FY26 Financials Performance
Consolidated Q4 FY26 Financials Performance Total Revenue EBITDA EBITDA Margin Net Profit Net Profit Margin 132.04 38.00% 35.00% 60.00 50.00 31.27% 33.00% 30.23% 30.00% 50.00 28.00% 37.52 40.00 23.73% 25.00% 23.00% 40.00 20.38% 36.26 20.00% 30.00 18.00% 61.11 30.00 15.00% 13.00% 20.00 20.00 13.40 8.
Slide 17: Consolidated FY26 Financials Performance
Consolidated FY26 Financials Performance Total Revenue EBITDA EBITDA Margin Net Profit Net Profit Margin 38.00% 160.00 35.00% 391.40 32.63% 160.00 33.00% 30.26% 140.00 30.00% 140.00 116.70 28.00% 120.00 22.28% 25.00% 22.74% 120.00 23.00% 108.23 100.00 100.00 20.00% 203.18 80.00 18.00% 80.00 15.00% 1
Slide 18: Consolidated Comparative Profit & Loss Statement
Consolidated Comparative Profit & Loss Statement (₹ In Cr except EPS) Particulars Q4 FY26 Q4 FY25 YoY FY26 FY25 YoY Revenue from operations 119.96 56.48 112.39% 357.71 183.52 94.91% Other Income 12.08 4.63 33.69 19.66 Total Income 132.04 61.11 116.07% 391.40 203.18 92.63% Raw Material Consumption &
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (In ₹ Cr) Particulars FY26 FY25 FY24 Revenue from operations 357.71 183.52 171.09 Other Income 33.69 19.66 7.22 Total Income 391.40 203.18 178.30 Raw Material Consumption & Changes in Inventories 148.14 67.33 59.29 Employee costs 31.82 29.17 16.41 Other expenses
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet (In ₹ Cr) Equities & Liabilities FY26 FY25 FY24 Assets FY26 FY25 FY24 Equity Non Current Assets Equity Share capital 134.47 26.85 13.42 Fixed assets 92.52 73.11 58.13 Other Equity 316.34 315.35 287.87 Non Controlling Interests - - - Non Current Investments 74.65 15.66 12.0
Slide 21: Steady Growth Over the years in Annual Performance
Steady Growth Over the years in Annual Performance (Consolidated) (In Times) (In ₹) Debt To Equity Adjusted Book Value 0.11 3.35 2.55 2.29 0.04 0.04 FY24 FY25 FY26 FY24 FY25 FY26 (In Times) (In ₹) Interest Coverage Adjusted EPS 39.75 0.81 26.06 18.15 0.29 0.30 FY24 FY25 FY26 FY24 FY25 FY26 Note - Is
Slide 22: Stock Data
Stock Data As On 15-05-2026 As On 31-03-2026 BSE (530843 | INE509F01029) | NSE (CUPID) Share Holding Pattern Share Price (₹) 121.23 Market Capitalization (₹ Cr) 16,301.32 53.97% Promoter & Promoter Group No. of Shares Outstanding 1,34,46,60,700 Public Face Value (₹) 1.00 46.03% 52-week High-Low (Adj
Slide 23: Thank You
Cupid Limited A-68, MIDC, Sinnar, Nashik-422113 Thank Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. You Phone: 02551-230280 Website: www.cupidlimited.com Phone: 022 4100 2455 Email: info@cupidlimited.com Website: www.kirinadvisors.com Email: info@kirina