Cupid Limited has received board approval to set up a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA). The proposed plant is part of Cupid’s FMCG expansion strategy and aims to improve regional supply, faster market reach, and product availability, while strengthening its presence in KSA and the wider GCC region. The project will be funded through internal accruals, subject to regulatory and statutory approvals. On the business front, the company reported a 140% YoY jump in Q2FY26 net profit to ₹24.12 crore. It also disclosed that pledged shareholding has reduced to 20% from 36.13%, improving balance sheet comfort. In the previous session, the stock closed at ₹486.50, up 1.5%. The 52-week high is ₹493.15 and low is ₹50.00. Currently, the stock is about 1% below its high and over 870% above its low. With a market capitalisation of around ₹13,055 crore, the Saudi manufacturing plan supports Cupid’s long-term international growth and FMCG scale-up strategy.

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