Shares of Cupid climbed as much as 7 per cent on Monday after a block deal worth approximately Rs 127.5 crore was executed in the stock, while the company also raised its revenue guidance for FY27 following a strong start to the financial year.
According to exchange data, around 60.8 lakh shares, representing nearly 2.3 per cent of the company’s outstanding equity, changed hands in the block transaction. The identities of the buyer and seller were not immediately disclosed.
Separately, the company said it expects to report revenue of more than Rs 150 crore for the quarter ended June 2026, which would mark one of the strongest quarterly performances in its history.
Encouraged by the robust start to FY27 and improving business visibility across domestic and international markets, Cupid has raised its full-year revenue guidance by at least 10 per cent.
The company now expects FY27 revenue to exceed Rs 660 crore, compared with its earlier guidance of Rs 600 crore.
Cupid said the upgraded outlook is supported by expanding opportunities in international B2B healthcare markets, driven by growing demand from institutional customers, private buyers and government procurement programmes.
The company also expects to benefit from the commencement of its long-term supply agreement with the Partnership for Supply Chain Management (PFSCM), Netherlands, which it believes will strengthen its position in global healthcare procurement.
In addition, Cupid expects strong growth from its lubricant portfolio as adoption increases across both institutional and consumer segments. The company also sees further momentum in its consumer business through the continued expansion of its personal care and wellness products across modern trade, organised retail and pharmacy networks in India. |
