Cupid’s skyrocketing rally hits a speed bump as shares fall 3%

Cupid shares experienced a sharp rally that lost momentum on Monday as investors took profits following the multibagger stock's surge of over 245% in 2026. The stock reached a record high of Rs 368.95 per share, marking a gain of more than 100% in just three months. However, it quickly reversed course and fell more than 3% to Rs 356.75 on the NSE.

Despite the recent decline, Cupid has delivered stellar returns to its shareholders, with a 245% gain in 2026 so far. Its longer-term returns are equally impressive, with 630% growth in one year, 7,485% in three years, and 15,000% in five years.

Earlier this month, Cupid announced a second increase in profit and revenue guidance, expecting to post Rs 800 crore in revenue and Rs 250 crore in net profit for the ongoing financial year 2027. The company continues to show strong business momentum with Q2 FY27 total revenue expected to exceed Rs 200 crore. The revised FY27 outlook is supported by continued expansion in domestic FMCG, progress towards operationalizing the Palava facility, and growth across Cupid's healthcare and personal care portfolio.

Looking ahead, Cupid aims to expand domestic FMCG distribution, operationalize its Palava facility, and diversify its healthcare and personal care portfolio through new products and regulatory approvals. The company also plans to strengthen its international healthcare business through various expansion strategies and partnerships. Cupid manufactures and supplies male and female condoms, water-based lubricant jelly, and IVD kits.