Cupid share price hits 52-week high on setting up manufacturing facility in Saudi Arabia

Cupid share price

Cupid share price rose nearly a percent in the early trade on December 30 following board approval for setting up manufacturing facility in Saudi Arabia.

At 09:17am, Cupid was quoting at Rs 490.95, up Rs 4.45, or 0.91 percent, on the BSE.

It has touched a 52-week high of Rs 498.30.

".... the board of directors of the company at its meeting held on December 29, has accorded in-principle approval for setting up a new FMCG manufacturing facility / plant in the Kingdom of Saudi Arabia (KSA)," company said in its exchange filing.

The proposed facility is intended to support Cupid Limited's FMCG expansion strategy and is expected to enhance regional supply capabilities, improve speed-to market and product availability, and strengthen the Company's market penetration in KSA and the wider GCC region, company said.

The project is proposed to be funded through the Company's internal accruals, and will be progressed subject to customary evaluations and necessary regulatory / statutory approvals, it added further.

Catch all the market action on our live blog

In an exchange filing released on December 23, Cupid announced that the pledged shareholding in the company stands at 20 percent, after being reduced from 36.13 percent as on September 30.

The company had reported 140 percent jump in its Q2FY26 net profit at Rs 24.12 crore against Rs 10.04 crore, YoY.

The company manufactures and supplies male and female condoms, water-based lubricant jelly and IVD kits. The company has a current capacity of over 480 million pieces for male condoms, 52 million pieces of the female condoms and 210 million sachets of lubricant jelly per annum.

In the previous trading session, the share closed at Rs 486.50, up Rs 7.20, or 1.50 percent.

The share touched a 52-week high of Rs 493.15 and a 52-week low of Rs 50.00 on 29 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 1.35 percent below its 52-week high and 873 percent above its 52-week low.

The market capitalisation of the company stands at Rs 13,055.47 crore.