Personal Care Company Reports Robust B2B Export Order Book of Rs 100 Crore & Encouraging International Order Pipeline

Cupid Limited has announced a robust B2B export order book valued at USD 11.50 million, which is equivalent to over Rs 100 crore. This substantial order book, encompassing male and female condoms and lubricants, is scheduled to be executed during the second and third quarters of FY26. The orders come from a diverse range of international clients, including government tenders in South Africa, Tanzania and Kenya, as well as from global agencies such as the WHO, UNFPA and NGOs like MSI and PSI.

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The company's product portfolio is expanding beyond its traditional offerings. Cupid's IVD Kits are gaining traction in international markets, securing steady export orders from countries in Africa and Asia. The company is poised for further growth in this sector, as it anticipates orders from European markets beginning in the fourth quarter of FY26, following the recent CE Certification of four of its IVD Kits. This strategic expansion into new product lines highlights Cupid's commitment to diversification and global market penetration.

Cupid is also positioned for significant growth in the female condom market. The company has secured the L1 position in a recent tender in Brazil for 6.25 million pieces, valued at approximately Rs 40 crore. This success is expected to lead to additional future orders from Brazil. Furthermore, the company anticipates new tender-based orders for female condoms from Tanzania, a key market in East Africa, with these orders also scheduled for the second and third quarters of FY26.

Beyond its current successes, Cupid's future outlook appears strong. The company is set to benefit from a new five-year tender in South Africa, which will commence in Q4 FY26. Under this tender, Cupid is eligible to supply 100% of the country's requirements for both female and male condoms, ensuring a long-term and stable revenue stream. Additionally, the company is actively expanding its B2C FMCG branded business into new international geographies, including the GCC, African Continent and Indian Subcontinent, aiming to establish a stronger global presence in FY26 and FY27.

About the Company

Established in 1993, CUPID Limited is a leading Indian manufacturer of male and female condoms, lubricants, and various other health and personal care products. The company has a strong global presence, exporting its products to over 110 countries, and is the first company worldwide to receive WHO/UNFPA pre-qualification for both male and female condoms. To meet growing demand, CUPID recently acquired land in Palava, Maharashtra, which will increase its production capacity by 1.5 times and allow it to expand its range of Fast-Moving Consumer Goods (FMCG) like fragrances and personal care items. This strategic expansion is part of the company's commitment to public health and international growth.

The company has a market cap of over Rs 4,700 crore. The shares of the company gave multibagger returns of 273 per cent from its 52-week low of Rs 50 per share and a whopping 1,400 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.