Cupid Ltd Share Price – NSE  /  BSE

Miscellaneous, Small Cap

Cupid will hold a meeting of the Board of Directors of the Company on 5 August 2024.

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Cupid has opened its new mother warehouse in Bhiwandi, Mumbai. This strategic initiative is in response to the remarkable growth of its business-to-consumer segment.

The new mother warehouse underscores Cupid's commitment to meeting the soaring demand for its products. Currently available in 50,000 outlets, the company aims to double this number within six months. This expansion will not only increase product accessibility for consumers but also solidify Cupid's market position.

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Cupid announced a strategic partnership with SAP to implement the cutting-edge ERP system, SAP S/4HANA Cloud. This initiative underscores Cupid's dedication to enhancing operational efficiency, improving decision-making processes, and driving sustainable growth through advanced technology.

The integration of SAP S/4HANA Cloud will equip Cupid with a comprehensive suite of integrated applications, facilitating superior real-time data processing and analysis. This will enable more efficient resource management, supply chain operations, and new B2C distribution channels.

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Following this initial rollout, Cipla Health has committed to placing regular, sizeable orders for male condoms with Cupid Limited in the coming quarters.

Swapnil Dhage, marketing manager at Cupid, said: We have had productive discussions with the Cipla Health team and are excited about this long-term and mutually beneficial partnership. Securing this initial order is a significant milestone for us, and we look forward to growing our business with Cipla Health.

Cupid is dedicated to manufacturing top-quality products, whether under our brand or for established players and new market entrants. We are enthusiastic about taking on all opportunities to deliver excellence.

Cupid is India's premier manufacturer of male and female condoms, water-based lubricant jelly, and IVD kits. The company boasts a production capacity of up to 480 million male condoms, 52 million female condoms, 210 million sachets of lubricant jelly and 20 million IVD Test Kits annually.

The company had reported a net profit of Rs 23.57 crore in Q4 FY24, which is significantly higher as compared with a PAT of Rs 9.28 crore in Q4 FY23. Revenue from operations rose by 52% year-over-year (YoY) to Rs 62.89 crore in the fourth quarter.

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