Financial Results for the quarter and half year ended September 30, 2025.
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Cupid Breweries and Distilleries Ltd reported unaudited financial results for Q2/H1 FY26 and Q3 FY26, with the company still in early-stage scaling. Standalone revenue from operations was Rs 19.67 lakhs for H1 FY26 and Rs 12.05 lakhs for Q3 FY26, up from near-zero a year ago. However, costs far outpaced revenue — standalone H1 FY26 loss after tax widened to Rs 73.11 lakhs (vs Rs 50.29 lakhs full-year FY25 loss), and the 9-month FY26 standalone loss reached Rs 44.63 lakhs. Consolidated H1 FY26 loss after tax was Rs 237.61 lakhs against Rs 275.63 lakhs in the prior comparable period. The company also board-authorised exploration of acquisitions and marketing tie-ups. Paid-up equity capital surged to Rs 5,198.30 lakhs from Rs 96 lakhs via preferential allotment, and Crochet Industries became a subsidiary.
Despite the large equity infusion and improved balance sheet (standalone total equity now Rs 30,410.90 lakhs vs negative Rs 193.13 lakhs a year ago), the company continues to post widening operating losses with negligible revenue, signaling an early-loss phase typical of a scaling business. Shareholders should expect continued losses until commercial-scale revenue kicks in from Q3 FY26 onwards as management claims.