The company’s total income rose to Rs 50.76 crore during the third quarter of the current fiscal (Q3FY25)
Driven by the expansion of business-to-consumer (B2C) basket of products, Cupid, a manufacturer and brand of male and female condoms, water based personal lubricants, deodorants, perfumes among other products has marked a healthy improvement in its performance. The company reported a 24.6 per cent year-on-year (YoY) increase in its net profit for the third quarter of the current financial year (Q3FY25).
The company’s net profit rose to Rs 11.04 crore during the recently concluded quarter, compared to Rs 8.86 crore in the corresponding period of the previous fiscal. The company’s statement added that the total income was at Rs 50.76 crore, as compared to Rs 40.78 crore in Q3FY24, up by 24.47 per cent.
“We are expanding our market presence and keep bringing new high quality products to the market. We are honoured to receive continuous orders from our customers in India and beyond. It is a testament to our consistent quality, reliability, and commitment to supporting global health initiatives. Our new manufacturing facility at Palava near Mumbai is shaping up well and should be operational by the end of the current calendar year,” stated Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid.
The company stated that focused engagement with distributors and other partners for robust and sustainable growth in B2C Indian fast-moving consumer goods (FMCG) business across the channels like modern and general trade is likely to remain on track to achieve turnover of Rs 60 crore in FY25 and more than doubling the turnover to Rs 125 crore in FY26 just from this segment.
The company’s operating income was at Rs 46.35 crore during Q3FY25, as compared to Rs 40.05 crore in Q3FY24, up by 15.73 per cent. The earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 11.34 crore.
