Cupid Share Price Gains 3% After Securing Order of ₹13.90 Crore from International Markets

Mumbai-based Cupid Limited, a leading manufacturer of male and female condoms, has secured a significant order worth ₹13.90 crore for its female condoms from Brazil, South Africa, and Angola. This development has positively impacted the company’s share price, which gained 3% following the announcement as of 11:38 AM on February 13, 2025. The order is set to be completed by Q1 FY26.

Growing Demand for Female Condoms

Cupid Limited has been focusing on expanding its female condom segment, which is proving to be a key growth driver. Aditya Kumar Halwasiya, Managing Director of Cupid Limited, emphasised this in his statement: “We are well positioned to keep adding to our female condoms orders, which are an especially value-accretive portion of the overall Cupid business.”

With increasing global demand for female condoms, Cupid continues to reinforce its market presence in the segment.

Manufacturing Capacity and Expansion Plans

Founded in 1993, Cupid Limited has established itself as a major player in the contraceptive and personal care industry. The company currently has an impressive production capacity of:

• 480 million male condoms per year
• 52 million female condoms per year
• 210 million sachets of lubricant jelly
• 30 million IVD test kits

To further strengthen its capabilities, Cupid acquired land in Palava, Maharashtra, in March 2024, which is expected to increase its production capacity by 1.5 times. This expansion will add an additional 770 million male condoms and 75 million female condoms annually.

A Strong Global Presence

Cupid Limited has a solid international presence, exporting its products to over 105 countries. The company was the first in the world to receive WHO/UNFPA pre-qualification for both male and female condoms, strengthening its credibility in global markets. More than 90% of its revenue comes from international sales, and the latest order reaffirms its stronghold in the industry.

Diversification into FMCG Products

Apart from its core contraceptive business, Cupid has expanded into the FMCG segment, offering:

• Deodorants and perfumes
• Pocket perfumes and body oils
• Toilet sanitizers and petroleum jelly

Market Reaction

Following the announcement of the ₹13.90 crore order, Cupid’s share price witnessed a 3% gain as investors responded positively to the development. 

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