CUPIDNSEQ1FY20268 August 2025

Cupid Limited

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Key numbers — 40 extracted
rs,
orporate Services, The National Stock Exchange of lndia Ltd. BSE LIMITED, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 SCRIP CODE: 530843 Exchange Plaza, Sth Floor, Bandra-Kurla Complex
41.84%
national markets. In 2023, Mr. Aditya Kumar Halwasiya and Columbia Petro Chem Pvt. Ltd. acquired a 41.84% strategic stake, positioning CUPID for its next phase of accelerated, diversified growth. In a ma
₹ 203.18
ils, hair removal sprays, and other personal care products. Investor Presentation 4 Total Income ₹ 203.18 Cr FY25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28%
₹ 41.73
and other personal care products. Investor Presentation 4 Total Income ₹ 203.18 Cr FY25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28% EPS ₹ 1.51 Key Facts &
22.74%
oducts. Investor Presentation 4 Total Income ₹ 203.18 Cr FY25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28% EPS ₹ 1.51 Key Facts & Figures 3 Decades Of I
₹ 40.89
esentation 4 Total Income ₹ 203.18 Cr FY25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28% EPS ₹ 1.51 Key Facts & Figures 3 Decades Of In-house Manufacturing
22.28%
203.18 Cr FY25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28% EPS ₹ 1.51 Key Facts & Figures 3 Decades Of In-house Manufacturing First in the world to achi
₹ 1.51
Y25 EBITDA ₹ 41.73 Cr EBITDA Margin 22.74% Net Profit ₹ 40.89 Cr Net Profit Margin 22.28% EPS ₹ 1.51 Key Facts & Figures 3 Decades Of In-house Manufacturing First in the world to achieve WHO/UNFPA
rs 1.2 Lakh
Pan India Presence For B2C FMCG Business Presence across 55+ super stockists 850 + Distributors 1.2 Lakh+ Retail Touchpoints 315+ Member Sales Force 1,00,000 sq. ft Manufacturing Facility Area 180+
1.25 billion
rual cups, petroleum jelly, and more. 2025 Capacity expansion underway to scale up production to 1.25 billion male condoms and 125 million female condoms annually within the next 18–24 months. 2020 Increas
125 million
d more. 2025 Capacity expansion underway to scale up production to 1.25 billion male condoms and 125 million female condoms annually within the next 18–24 months. 2020 Increased male condom production to
480 million
female condoms annually within the next 18–24 months. 2020 Increased male condom production to 480 million units; began supplying lubricant jelly to UNFPA 2018-2020 Received large export orders from Bra
Guidance — 5 items
Finished Product Evaluation
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Capacity Customer-Centric Retail Strategy Rapidly scaling B2C FMCG reach with a dedicated sales force, 850+ distributors, and a target of 1.75 lakh+ outlets by FY26.
Finished Product Evaluation
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Global Condom Market • Market Size (2023): USD 13.5 Bn • • • Projected Size (2033): USD 26.3 Bn CAGR: 5.8% Key Drivers: Rising awareness, STI prevention, growing demand for diverse products • Market Leader: Asia-Pacific (50.91% share in 2023) 2023 2033 CAGR (In USD Bn) Sexual Wellness Market Condom Market 20.6 13.5 32.5 26.3 4.70% 5.80% Condom Market Share By Region, 2024 (in %) 4 3 Indian Condom Market • Market Size (2024): USD 780.5 Mn • • CAGR (2025–2033F): ~10.45%
Driven by
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% % % 31 Management Comment On Q1 FY26 Financial Performance We are pleased to commence FY26 on a strong note, delivering healthy growth in both revenue and profitability.
Driven by
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This strong performance reaffirms our belief that FY26 will be Cupid Limited's strongest year yet in its history.
Driven by
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Agile FMCG Execution Achieved 1.2 lakh+ retail touchpoints in 15 months with a robust pan-India distribution team and compelling product portfolio Capacity-Backed Scalability New plant to boost production capacity by 1.5x by FY26-end, ensuring readiness for future demand across product lines.
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Incremental annual output
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Post-expansion total capacity
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Finished Product Evaluation
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Growth Factors
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Opening remarks
Post-expansion total capacity
• ~1.25 billion male condoms per year • ~125 million female condoms per year Current Facility New Facility Under Development Advanced machinery deployed across the production process to boost efficiency and maintain stringent quality standards. Production line expansion to include synthetic rubbers like Nitrile, supporting product diversification and enhanced market positioning Investor Presentation 23 Quality & Certifications Cupid Limited is the first company in the world to obtain Pre-qualification status from WHO/UNFPA for supply of both Male & Female condoms. Cupid’s commitment to quality is underpinned by ISO 9001:2015 certification and a rigorous, multi-stage testing process. This includes: Incoming Materials Inspection Thorough testing of all raw and packaging materials. In-Process Monitoring Continuous quality checks during production.
Finished Product Evaluation
Comprehensive assessment to ensure final product excellence. This integrated approach guarantees every product meets our stringent quality standards. Investor Presentation 24 Online Trade Channel & Branding Initiatives Cupid’s Products are listed on Amazon India Click Here To Visit The Page Investor Presentation 25 Strengths & Strategies Proven Manufacturing & Quality Backbone Diverse & High-Margin Product Portfolio Operates a world-class, 100,000 sq. ft facility equipped with advanced Korean and German technology, supported by 100% electronic testing and a robust 3-stage QA system. Strong presence in sexual wellness and diagnostics with strategic expansion into FMCG segments like deodorants, hair oils, and personal hygiene products. Global Certifications & Market Trust WHO/UNFPA WHO/UNFPA PQ, CE, USFDA certifications for male condoms, WHO/UNFPA PQ, CE certifications and global registrations for female condoms and personal lubricants and upcoming international registrations for IVD Kit
Growth Factors
• 65% population below 35 years • Rising STI/HIV cases (2.5 Mn+ HIV patients) • Government initiatives like NHM & NACP • 0% GST on condoms Source: allied Market Research, Allied Market Research Sexual Wellness Investor Presentation 19 22 52 Asia Pacific North America Europe LAMEA MEA 28 Global & Indian Personal Care Products Industry There’s rising demand for safe, affordable, and eco-conscious products, especially among millennials and Gen Z Global Personal Care Market Indian Personal Care Market • • Valued over USD 500 Bn+, with consistent mid-single digit growth
Driven by
• Increased hygiene consciousness • Growing FMCG penetration in emerging markets • Surge in e-commerce and premiumization • • • Among the fastest-growing globally Categories include: skin care, hair care, intimate hygiene, and grooming Digital-first brands gaining traction via D2C & online platforms India’s B2C FMCG Personal Care Landscape Market Characteristics • • • Highly fragmented yet fast- consolidating Surge in niche B2C brands across hygiene, feminine care, and wellness Consumers prefer products with natural, ayurvedic, and chemical-free claims Source: Grand View Research, EY, Avendus Investor Presentation Emerging Categories Distribution Shift • • Intimate hygiene (wipes, washes) Sexual wellness (condoms, lubricants) • Men’s grooming & personal hygiene • • • E-commerce growing at 25%+ CAGR Tier 2–3 cities driving new volume growth Strategic D2C + influencer marketing key to brand loyalty 29 Key Growth Drivers & Govt Support Multi-stakeholder push across policy, infrastructure,
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