30 Dec 2025

Cupid Shares Gain on BSE After Board Clears Saudi Arabia FMCG Plant Plan

Cupid was trading at RS 488.60 on the BSE, up by 2.10 points or 0.43% from its previous close of RS 486.50.

The stock opened at RS 489.10 and moved between a high of RS 498.30 and a low of RS 485.85 during the session. A total of 98,013 shares were traded on the counter so far.

The BSE Group ‘B’ stock, with a face value of RS 1, touched its 52-week high of RS 498.30 on 30-Dec-2025, while the 52-week low stood at RS 50.00 on 07-Apr-2025. Over the past one week, the scrip recorded a high of RS 498.30 and a low of RS 461.20. The company’s current market capitalisation stands at RS 13,060.93 crore.

Promoter holding in the company is 45.55%, while Institutions hold 2.89% and Non-Institutions hold 51.56%.

In a key development, Cupid has received the Board’s in-principle approval to set up a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA). This will be the company’s first manufacturing unit outside India, marking a significant milestone in its global expansion strategy. The proposed facility will support Cupid’s FMCG growth plans and strengthen its presence in overseas markets, starting with the Gulf Cooperation Council (GCC) region.

The upcoming plant is expected to improve regional supply capabilities, enhance speed to market, and ensure better product availability across KSA and other GCC countries. The project will be funded through internal accruals, subject to detailed evaluations and receipt of required regulatory and statutory approvals.

Cupid is engaged in the manufacturing and marketing of male and female condoms, water-based lubricants, latex dental dams, and probe covers, with a diversified product portfolio available across multiple countries worldwide.