Cupid shares surged over 10% to an intraday high of ₹215 on Thursday, July 9, rebounding strongly after witnessing their biggest single-day decline since January in the previous session. The stock had tumbled 11% in the previous session before the recovery, but had been on a remarkable run before the correction. During the recent rally, the stock had crossed the ₹220 mark for the first time and gained more than 15% over three consecutive sessions, hitting fresh record highs each day before Wednesday's correction. The multibagger stock has delivered stellar returns across timeframes, rising 46% in one month, 133% in three months, 154% in six months and 899% over the past year.
The company has revised its financial guidance upward based on strong Q1 performance. Cupid recently raised its first quarter (Q1FY27) revenue guidance and now expects revenue to exceed ₹150 crore, marking one of the strongest quarterly performances in its history. Driven by this strong start to the financial year and improved visibility across both domestic and international markets, the management has revised its FY27 revenue outlook upward by at least 10% to ₹660 crore. According to the company's regulatory filing dated June 30, the revised guidance reflects growing confidence in its diversified business model, expanding global opportunity pipeline and increasing operating scale across multiple business verticals. The company reported revenue of ₹120 crore in the March quarter, compared with ₹56 crore in the corresponding quarter last year.
Commenting on the company's performance, Aditya Kumar Halwasiya, Chairman & Managing Director, Cupid Limited, said, "Our strong start to FY27 reflects the transformation Cupid has undergone over the past few years. We have built a diversified business with multiple growth engines that are now beginning to scale together." He further added that the company is seeing strong momentum across its international B2B business, supported by expanding opportunities in private markets, institutional procurement, and government tenders across the world. The strategic relationship with PFSCM has commenced on a very encouraging note and further strengthens the company's long-term position in global healthcare procurement.
Despite recent volatility, Cupid shares have delivered remarkable long-term returns. The stock has skyrocketed 899% in one year and 8,760% over the last five years, significantly outperforming traditional market indices. During this period, the stock posted double-digit monthly gains in 9 of the 14 months, with December 2025 delivering the largest monthly jump of 57.5%. The company, which manufactures and supplies male and female condoms, water-based lubricant jelly and IVD kits, operates a manufacturing facility in Sinnar near Nashik and claims to be the first company in the world to receive prequalification from the World Health Organization and United Nations Population Fund for the supply of both male and female condoms.
