Short term swing trade (C): FMCG stock | 5-7% target | Indian stock trading picks on 4 Nov 2025

NOTE

Closing Price: ₹245 (as of Nov 04, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Cupid Limited, based in Nashik and incorporated in 1993, is engaged in the design, manufacturing, marketing, and export of male and female condoms. The company also produces water-based lubricant jellies, in vitro diagnostic kits such as HIV, dengue, malaria, typhoid, and pregnancy detection tests, as well as various personal care products including deodorants, perfumes, sanitizers, menstrual cups, and hair care items. Its products are exported to markets across Africa, Europe, Asia-Pacific, North America, the Middle East, and South America. Formerly known as Cupid Condom Limited, the company adopted the name Cupid Limited in 2006 to reflect its diversified product portfolio.

Website: https://www.cupidlimited.com/

Q1 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Profit Soars: PAT jumped 82% YoY to ₹15 crore, while PBT rose 85% to ₹19.55 crore — showing strong profitability improvement.
EBITDA Growth: EBITDA surged 147% to ₹16.47 crore, with margins expanding to 27.55% from 17.02% last year, reflecting higher efficiency.
B2C FMCG Expansion: The new personal care segment (deodorants, perfumes, oils, etc.) is growing fast and expected to cross ₹100 crore in FY26, now available in 1.2 lakh retail outlets.
Export Momentum: Strong global demand and large export orders are driving growth, supported by new product certifications and expanding international reach.
Optimistic Outlook: Management expects FY26 to be Cupid’s best year yet, driven by robust domestic FMCG growth and solid global export performance.

Financial Highlights

Metric	Q1 FY26	Q4 FY25	Q1 FY25	QoQ Change (%)	YoY Change (%)
Revenue from Operations (₹ Cr)	59.8	56.48	39.05	5.88	53.14
EBITDA (₹ Cr)	16.47	12.19	6.66	35.11	147.3
Profit After Tax (₹ Cr)	15.01	11.51	8.26	30.41	81.72
PAT Margin (%)	25.12	20.38	21.17	23.26	18.66
Earnings Per Share (₹)	0.56	0.43	0.31	30.23	80.65

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After a long consolidation phase, the stock formed a rounding bottom pattern.
Following a strong breakout in July 2025, it surged sharply to reach an all-time high.
After a brief pullback, the stock has resumed its upward movement once again.

A reliable swing trading advisory service in India can help traders catch momentum early, before the crowd joins in.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	60.33	Neutral
CCI-14	13.15	Neutral
MFI	56.18	Neutral
ROC	-2.27	Negative
Stochastic %K	39.69	Neutral
William %R	-37.38	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	239.9	Above
10 EMA	240.2	Above
20 EMA	236.9	Above
50 EMA	213.9	Above
100 EMA	182.3	Above
200 EMA	148.6	Above

Conclusion

Cupid Stock Price Forecast

Based on our sebi registered investment advisor, the Cupid Stock Price target will be INR 255 - INR 260 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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