Cupid (530843) Q4 25/26 earnings summary

Executive summary

• FY26 audited consolidated revenue from operations was ₹35,770.88 lakh and net profit ₹10,823.33 lakh, up 94.91% and 164.71% YoY, exceeding guidance of ₹335 Cr revenue and ₹100 Cr net profit.

• Q4 FY26 was the strongest quarter on record, supported by exports, FMCG, IVD and institutional business, alongside improved operating leverage.

• Standalone and consolidated auditors issued unmodified opinions; consolidated results include one foreign subsidiary whose unaudited management-prepared financials were deemed immaterial.

Financial highlights

• Q4 FY26 revenue from operations was ₹11,996.17 lakh vs ₹5,648.18 lakh; net profit was ₹3,626.25 lakh vs ₹1,151.08 lakh.

• Q4 FY26 EBITDA was ₹37.52 Cr vs ₹13.40 Cr, up 179.93%; EBITDA margin was 31.27% vs 23.73%.

• FY26 consolidated revenue was ₹35,770.88 lakh vs ₹18,352.13 lakh; total income was ₹39,140.14 lakh vs ₹20,318.28 lakh.

• FY26 EBITDA was ₹116.70 Cr vs ₹41.73 Cr; net profit was ₹108.23 Cr vs ₹40.89 Cr. FY26 consolidated PBT was ₹14,246.56 lakh vs ₹5,485.94 lakh.

• FY26 fair-value investment income was ₹13,204.36 lakh vs ₹10,438.17 lakh and contributed substantially to total income.

Outlook and guidance

• FY27 targets are ₹600 Cr revenue and ₹180 Cr net profit; FY28 targets are ₹875 Cr and ₹275 Cr, and FY29 targets are ₹1,150 Cr and ₹390 Cr, respectively.

• Baazar Style Retail access is expected to generate ₹150 Cr incremental revenue in FY27 and scale to ₹500 Cr annually over the medium term.

• Growth drivers include FMCG distribution, core-product capacity expansion, higher-margin B2C mix, new wellness products, institutional business and operating leverage.

• Global footprint targeted to expand 35% over the next year, supported by partnerships, deeper market penetration and tenders.