Cupid Limited secures record export orders, boosts outlook

Cupid Limited has reported a record B2B export order book totaling $11.50 million for male condoms, female condoms, and lubricants. These orders, scheduled for execution in Q2 and Q3 of FY26, are sourced from international government tenders in South Africa, Tanzania, and Kenya, as well as agencies like WHO/UNFPA, MSI, and PSI.

The company anticipates significant female condom orders from Brazil, including 40 crore from a recent tender, and new tender-based orders from Tanzania. Furthermore, Cupid expects regular orders from a new five-year South Africa tender starting Q4 FY26, where it can supply 100% of the country's condom requirements. IVD Kits are also gaining traction, with European market orders expected from Q4 FY26 following CE Certification.

Chairman and managing director Aditya Kumar Halwasiya stated that this confirmed order book is the highest in the company's history, providing strong revenue visibility and positioning Cupid for sustainable growth in FY26 and beyond. The company also plans to expand its B2C branded business into international geographies in FY26 and FY27.