Cupid Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Cupid Limited Gets Maximum Allocation in South Africa s 5-Year National Female & Male Condoms Program; Procurement to Start from December 2025".
CUPID · price
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Awaiting price reaction for this filing.
Cupid Limited has secured the largest share in South Africa's 5-year (2025-2030) national procurement program for condoms. Under this program, the company has been allocated 23.4 million female condoms annually (a 59% share of the total 40 million units allocated among all suppliers) and 153 million pieces (0.77 million boxes) of male condoms per year. The total indicative annual revenue from this program is approximately USD 12.98 million (around Rs. 115 crores). Procurement is set to begin from December 2025, and the company is already finalizing local labelling, flavours, and logistics with approved South African distributors. The Chairman described this as the 'highest ever multi-year visibility milestone' and stated that the order will allow the company to exceed its previously given annual guidance.
This is a significant positive for shareholders — it gives Cupid multi-year revenue visibility of roughly Rs. 115 crore per year from a single large international customer, strengthens the export order pipeline, and management has indicated it will surpass earlier annual guidance. The stock is likely to react positively given the scale and duration of the contract.