The Board of Directors of the Company has approved Audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026.
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Cupid Breweries reported negligible standalone revenue of Rs. 0.20 Lakhs for FY26, down from Rs. 57.61 Lakhs in FY25, representing a 99.7% revenue decline. The company posted a standalone net loss of Rs. 40.52 Lakhs (vs loss of Rs. 50.29 Lakhs in FY25), while consolidated net loss stood at Rs. 367.14 Lakhs. Standalone operating cash flow was negative at Rs. 63.63 Lakhs, and consolidated operating cash flow was deeply negative at Rs. 1,770.81 Lakhs. The company completed a preferential allotment of 3.93 crore equity shares in March 2026, raising paid-up capital to Rs. 91.34 Crores. The Board also approved acquisition of a running alco-beverage production unit from United Spirits Limited at Gopalpur, Odisha for Rs. 22.50 Crores and is exploring additional acquisition opportunities. The auditor issued an unqualified opinion with no going concern emphasis.
The company is in early-stage scaling mode with minimal revenue and significant losses. Shareholders should note the severe revenue decline, negative operating cash flows, and deep consolidated losses. The aggressive expansion strategy requires substantial capital, and investors should monitor whether the Rs. 22.50 Crore acquisition and other planned projects can generate sustainable revenue.