"Cupid Ltd Unveils Strategic Land Acquisition for Production Expansion in Industrial Area Near Mumbai"

Cupid Limited, a trailblazer in the personal health industry, has unveiled a significant strategic initiative with the acquisition of a new land parcel in an Industrial Area near Mumbai. This move is poised to substantially bolster the company's global market standing by expanding its production capabilities.

The acquired land is anticipated to increase Cupid Limited's production capacity by 1.5 times the current output, resulting in a substantial annual production capacity hike. Approximately 770 million male condoms and 75 million female condoms will be added to the annual production, supplementing the existing capacity of 480 million male condoms and 50 million female condoms.

Speaking on this groundbreaking development, Mr. Aditya Halwasiya, Managing Director, emphasized the transformative potential of the expansion, stating, "Within 18 to 24 months post-expansion, our capacity for male condoms is expected to surge to an impressive 1.25 billion units, while female condom production will rise to 125 million units. This marks a new era in Cupid Limited's journey towards global leadership in sexual wellness and reaffirms our long-standing commitment to all our stakeholders that 'We help the world play safe'."

Notably, the entire capacity expansion will be financed through internal accruals, showcasing Cupid Limited's commitment to financial prudence. The company plans to invest in cutting-edge machinery for each production stage, underscoring its dedication to maintaining high-quality standards and fostering innovation.

In addition to its domestic expansion, Cupid Limited is poised to extend its global presence through strategic partnerships with international players. This move is expected not only to broaden Cupid Limited's market reach but also to strengthen its already robust international presence in the sexual wellness sector, encompassing more than 105 countries globally. Against the backdrop of a growing Indian contraceptives market, projected to witness a healthy 12.2% CAGR over the next 7-10 years, Cupid Limited is strategically positioned to capitalize on shifting cultural trends and population growth, solidifying its leadership in the sexual health and wellness industry.

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