Cupid is currently trading at Rs. 85.62, up by 0.20 points or 0.23% from its previous closing of Rs. 85.42 on the BSE.
The scrip opened at Rs. 85.52 and has touched a high and low of Rs. 88.00 and Rs. 85.52 respectively. So far 18140 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 141.65 on 02-Mar-2024 and a 52 week low of Rs. 18.06 on 11-Sep-2023.
Last one week high and low of the scrip stood at Rs. 88.00 and Rs. 85.00 respectively. The current market cap of the company is Rs. 2313.92 crore.
The promoters holding in the company stood at 44.80%, while Institutions and Non-Institutions held 5.97% and 49.23% respectively.
Cupid is embarking on a dynamic B2C expansion strategy. The company’s foray into B2C in India in the last seven months has resulted in net revenues of Rs 12.50 crore and the company is looking to expand this pie substantially moving forward with a topline target in excess of Rs 50 crore in this financial year just from its B2C India Business.
Cupid has built its presence across over 40 super stockists, 500+ distributors and 50,000 retail touch points in a short span of time and is on the horizon to reach 1,00,000 touch points by the end of the current calendar year. It is also undertaking strategic marketing initiatives to create brand resonance and strengthen its distribution network. It aims to win customers with partner engagement, POS visibility, and retail advocacy. It also plans to enhance its ecommerce presence by partnering soon with Blinkit and Zepto and is currently available on top e-commerce platforms, including Amazon, Flipkart, and Tata 1mg.
Cupid is further diversifying its product portfolio to capitalise on emerging opportunities beyond the sexual wellness market. It plans to launch almond hair oil in 4 SKUs, massage oils (Jasmine & Loban, Lavender & Loban) and perfume gift packs this month, reflecting its passion to consistently innovate and explore new growth paths.
Cupid manufactures and markets varieties of male and female condoms, water based lubricant, latex dental dams and probe covers. Cupid has a diverse product basket available in many countries worldwide.
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