What we do Cupid Limited manufactures and exports male and female condoms, lubricant jelly, in vitro diagnostic devices, and personal care FMCG products with global certifications. |
Founded in 1,993 |
Market share Leading global supplier with exports to 125+ countries, trusted by WHO/UNFPA and other global institutions. |
Problem solved Provides essential sexual health protection products and diagnostics addressing global public health and personal care needs. |
Top clients or who we serve Global public health programs, governments, hospitals, retailers; operates B2B exports and B2C FMCG segments. |
Key management Aditya Kumar Halwasiya (Chairman & Managing Director) |
Our journey and innovations Started in 1993 with male condoms; expanded to female condoms, lubricants, diagnostics (2023), and FMCG personal care products (2024). |
Where we operate Exports worldwide (125+ countries), domestic India market, expanding in GCC region. |
Top products or what we offer Male/Female condoms, lubricant jelly, in vitro diagnostic kits, deodorants, perfumes, face wash, and personal care items. |
Top brands Cupid condoms, Cupid Angel female condom, CupiSURE IVD kits, Cupid personal care range |
Raw materials needed Rubber, chemicals for condoms and lubricants, diagnostic reagents |
Raw materials supplier - |
Recurring vs cyclical contribution Majority revenue from recurring long-term export contracts; FMCG segment growing with potential for recurring sales. |
Our industry position Among top WHO/UNFPA prequalified suppliers globally, expanding FMCG presence. |
Financial highlights FY25 Revenue ₹183.5 Cr; Net Profit ₹40.9 Cr; Q3 FY26 revenue grew >100% YoY; net profit growth nearly 200%. |
Geographical revenue split Domestic sales 47%, International exports 53% (FY25 data) |
Order book Record-high multi-year order book provides strong revenue visibility. |
Whats driving growth Global public health demand, export contracts, FMCG expansion, capacity ramp-up, product diversification. |
Our future plans Expand manufacturing in India and Saudi Arabia, scale FMCG and diagnostics, leverage global certifications. |
Our green promise Installed solar energy systems, focus on environmental compliance and energy conservation. |
Our people and values Employee development programs, internal audits, and strong governance ensure robust culture and compliance. |
Key challenges ahead Sustaining export growth amidst competition, regulatory risks, and scaling new FMCG and diagnostics businesses. |
Interesting facts First Indian company with WHO-prequalified female condom; launched 15+ FMCG products in 2024-25. |
Risks and strategy Manages risks via certifications, internal controls, diversified product portfolio, and investment in scalable production. |
