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Personal Products company Cupid announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Quarterly Sales Growth: Cupid reported an increase in operating income, rising by 57.04% from Q3FY24, with sales growing from Rs 4,005 lakhs to Rs 6,289 lakhs.
- Quarterly EBITDA Margins: The company experienced an improvement in EBITDA margins, which soared from 30.33% in Q3FY24 to 49.13% in Q4FY24.
- Quarterly PAT Margins: PAT margins improved from 22.13% in Q3FY24 to 37.71% in Q4FY24.
FY24 Financial Highlights:
- Sales Growth: Overall, the company saw its operating income grow by 7.38% annually, increasing from Rs 15,932 lakhs in FY23 to Rs 17,108 lakhs in FY24.
- EBITDA Growth: EBITDA margins rose YoY by 3.36%, from 25.93% in FY23 to 29.28% in FY24.
- PAT Growth: PAT margins saw an increase of 3.47% compared to the previous fiscal year, going from 19.82% in FY23 to 23.29% in FY24.
Strategic and Operational Highlights:
- New Geographical Markets and Products: The company is expanding its presence internationally and in India, adding new product lines such as IVD Kits and Deodorants.
- Strategic Partnerships: The company is collaborating with marketing and distribution partners worldwide to extend its market reach.
- Financial Management: Cupid maintains a strong position with no sundry creditors and a cash and cash equivalents reserve of Rs 173.58 crore.
Future Outlook:
- Facility Expansion: Cupid has acquired land for a new plant, with construction starting this quarter. Production in the new facility is expected to begin within 16 months.
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