Slide 1: Cupid Limited cover letter to exchanges
CUPID LIMITED Manufacturer & Exporter of Male Condoms, Female Condoms, water based Lubricants & In vitro Diagnostics (lVD) Kits $ \b c3 Date: - 29th January, 2026 \A To, $ R Department of Corporate Services, BSE LIMITED, The National Stock Exchange of lndia Ltd Exchange Plaza, Sth Floor, Bandra-Kurl
Slide 2: Q3 FY26 Result Presentation
CUPID LIMITED Q3 FY26 Result Presentation , ted “Z . CUPID ( . | CUPID Dotted Condom y | SALICYLIC ACID pines q Face Wash i ights acne, controls oil
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: Investment Snapshot – Why Cupid Limited
Investment Snapshot – Why Cupid Limited Strong Earnings Momentum Cupid Limited is witnessing strong operating momentum, with Q3 FY26 is the best quarter in the company’s history, supported by consistent execution and healthy demand. High Revenue Visibility A record-high order book and multi-year int
Slide 5: Management Comment On Q3 FY26 Financial Performance
Management Comment On Q3 FY26 Financial Performance Q3 FY26 has been the strongest quarter in the history of Cupid Limited, supported by disciplined execution and strong momentum across businesses. Our order book stands at its highest level to date, providing clear revenue visibility and confidence
Slide 6: Q3 FY26 Financial Highlights
Q3 FY26 Financial Highlights Y-o-Y Q-o-Q Y-o-Y Q-o-Q Revenue Growth Revenue Growth EBITDA Growth EBITDA Growth 101.71% 10.72% 201.27% 20.71% Y-o-Y Q-o-Q Earning Per Net Profit Growth Net Profit Growth Share 196.26% 36.06% ₹ 1.22 Financial Takeaways • Strong revenue growth driven by a record order bo
Slide 7: Consolidated Q3 FY26 Financials Performance
Consolidated Q3 FY26 Financials Performance Total Revenue EBITDA EBITDA Margin Net Profit Net Profit Margin 45.00 36.69% 38.00% 45.00 40.00% 104.38 40.00 33.00% 35.12% 40.00 35.00% 35.00 34.30 32.83 35.00 28.00% 24.56% 30.00% 30.00 23.00% 30.00 23.91% 25.00% 25.00 25.00 18.00% 20.00% 50.76 20.00 20.
Slide 8: Consolidated 9M FY26 Financials Performance
Consolidated 9M FY26 Financials Performance Total Revenue EBITDA EBITDA Margin Net Profit Net Profit Margin 33.31% 95.00 35.00% 95.00 35.00% 259.36 85.00 79.19 30.00% 85.00 30.27% 30.00% 75.00 75.00 71.97 25.00% 22.30% 65.00 23.12% 25.00% 65.00 55.00 55.00 20.00% 142.07 20.00% 45.00 45.00 15.00% 15.
Slide 9: Consolidated Comparative Profit & Loss Statement
Consolidated Comparative Profit & Loss Statement (₹ In Cr except EPS) Particulars Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY Revenue from operations 93.50 46.35 101.71% 237.75 127.04 87.14% Other Income 10.89 4.41 21.61 15.03 Total Income 104.38 50.76 105.64% 259.36 142.07 82.55% Raw Material Consumpti
Slide 10: 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 11: Q3 FY26 – Operational Highlights
Q3 FY26 – Operational Highlights Best-Ever Quarterly Q3 FY26 is expected to be the strongest quarter in the company’s history, driven Performance by steady demand and disciplined execution. Record Order Book The order book stands at its highest level to date, providing strong revenue Strengthens Vis
Slide 12: Healthy Order Book & Revenue Visibility
Healthy Order Book & Revenue Visibility Healthy coverage for H2 FY26, with execution Export-led order book anchored by visibility extending into FY27 and beyond repeat customers and regulated tenders Long-duration international High entry barriers driven by programs support predictable and WHO/UNFPA
Slide 13: South Africa 5-Year National Program – Key Growth Driver
South Africa 5-Year National Program – Key Growth Driver Secured Allocation Under South Africa’s 5-year (2025–2030) National Female & Male Condoms Program Procurement Commenced From December 2025 Female Condoms (FC) Male Condoms (MC) 23.4 Mn 59% share of 0.77 Mn Equivalent to units per total annual
Slide 14: FMCG Business – Scaling Up
FMCG Business – Scaling Up The FMCG business is steadily scaling, strengthening Cupid’s transition toward a balanced B2B–B2C growth model. Market Traction Strong Distribution Wide Retail Reach Growth Role within the Backbone Portfolio FMCG products witnessing 58+ super stockists onboarded Presence a
Slide 15: Diagnostics (IVD) – Manufacturing Scale & Demand Visibility
Diagnostics (IVD) – Manufacturing Scale & Demand Visibility Certification-led market access, rising demand, and automated scale position IVD as a key growth engine. 15 rapid IVD test kits currently in production Includes HIV, 3 additional kits under development Syphilis, Pregnancy, Hepatitis B Appro
Slide 16: Diagnostics (IVD) – Certifications & Global Markets
Diagnostics (IVD) – Certifications & Global Markets CE (EU IVDR) Certifications Strategic Significance Achieved • CE (EU IVDR) Certification received for: • Enables participation in European, African, and • CupiSURE Pregnancy (hCG) Test Kit Latin American tenders • CupiKIT Syphilis Antibody Test Kit
Slide 17: Manufacturing Expansion – Building Scalable Global Capacity
Manufacturing Expansion – Building Scalable Global Capacity The combined India and Saudi manufacturing expansions position Cupid to support sustained global growth with scale, efficiency, and flexibility. Domestic Capacity Expansion – Palava Facility Cupid Limited has acquired land at Palava, Mahara
Slide 18: Manufacturing Expansion – Saudi Arabia FMCG Facility
Manufacturing Expansion – Building Scalable Global Capacity International Expansion – Saudi Arabia FMCG Manufacturing & GCC FMCG Market Entry Strategic objectives: Board has granted in-principle • Serve GCC and Middle East markets more Target timeline: approval to set up a FMCG efficiently • Expecte
Slide 19: Strategic Investment in Style Baazar – Strengthening FMCG Scale
Strategic Investment in Style Baazar – Strengthening FMCG Scale Investment to be made over 18 months, funded through internal Cupid Limited has announced a strategic investment of ₹331.53 accruals. Style Baazar is a profitable value retail chain operating Cr in Baazar Style Retail Limited (Style Baa
Slide 20: Product Portfolio
Product Portfolio Wellness Fragrances Personal Care Condoms Deodorants EDP Hair Oil Hair Removal Spray Hygiene Lubes Rapid IVD Kits Body & Bath Oil Foam Face wash & Gel Talcum Powder Toilet seat sanitizer Menstrual Cup Q3 FY26 Result Presentation 19
Slide 21: New Launches
New Launches Flavor Condoms Banana & Super Dotted with Cupid Angel Bling & Passion Cupid Face Wash Gel Face Wash Grape : 3s & 12s Benzocaine : 3s & 12s Women’s Deo – 150ml 20ml 24pcs/Jar Cupid Angel Bloom premium Cupid Ultra Pocket Pack - Cupid Talcum Powder : Talcum Powder Women’s EDP– 50ml 18ml 20
Slide 22: 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 2934 Store listed & 4000+ projected for FY27 Chemists Cosmetics 75,043 O
Slide 23: Brand Positioning & Go-to-Market Strategy
Brand Positioning & Go-to-Market Strategy Brand Positioning • Positioned as a bold, modern, and trust-driven personal care & wellness brand • Focus on confidence, convenience, discretion, quality and value-for-money • Messaging tailored to youthful, aspirational consumption Target Audience • Primary
Slide 24: Marketing Engine & Consumer Scale-Up (ATL + BTL)
Marketing Engine & Consumer Scale-Up (ATL + BTL) Below-the-Line (BTL) Activation Above-the-Line (ATL) & Digital Retail Visibility: Posters, danglers, Print Media parasite units, window display kits Targeting ~10 million people across leading regional Dealer Boards: ~5,000 boards publications across
Slide 25: Growth Strategy – Key Pillars
Growth Strategy – Key Pillars FY26 expected to be the strongest year Net Profit expected to exceed in the company’s history ₹100 Cr for FY26 H2 FY26 expected to remain stronger Cupid Limited is confident of exceeding than H1, supported by a record order FY26 guidance of ₹ 335 Cr in revenue book and
Slide 26: Stock Data
Stock Data As On 29-01-2026 As On 31-12-2025 BSE (530843 | INE509F01029) | NSE (CUPID) Share Holding Pattern Share Price (₹) 390.20 Market Capitalization (₹ Cr) 10,475.59 54.45% Promoter & Promoter Group No. of Shares Outstanding 26,84,67,140 Public Face Value (₹) 1.00 45.55% 52-week High-Low (₹) 52
Slide 27: Thank You
Cupid Limited A-68, MIDC, Sinnar, Nashik-422113 Thank You Phone: 02551-230280 Website: www.cupidlimited.com Email: info@cupidlimited.com Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Phone: 022 4100 2455 Website: www.kirinadvisors.com Email: info@kirina