NewsEarningsMatrimony.com Reports 7% Billing Growth in Q2 FY26, Anticipates Double-Digit Growth AheadMatrimony.com Reports 7% Billing Growth in Q2 FY26, Anticipates Double-Digit Growth Ahead
Matrimony.com experienced a 7% year-on-year growth in billings to INR 184.00 crores for Q2 FY26, despite a 0.8% revenue decline to INR 114.60 crores. The company's shift to longer-term packages is causing a temporary gap between billings and revenue recognition. Paid subscriptions decreased by 3.5% to 2.39 lakhs, while Average Transaction Value grew by 10.8%. The company expects double-digit billing growth in Q3 and profit improvements from Q4. Matrimony.com is investing in AI initiatives, including an AI Chatbot for customer service, and has diversified into astrology services through an investment in Bharat Ek Khoj Spiritual Tech Private Limited.
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Matrimony.com , a leading online matrimony service provider, has reported a 7% year-on-year growth in billings for the second quarter of fiscal year 2026, despite a slight decline in revenue. The company's strategic shift towards longer-term packages is creating a temporary gap between billings and revenue recognition, with expectations of improved profitability in the coming quarters.
Q2 FY26 Financial Highlights
- Billings grew by 7% year-on-year to INR 184.00 crores
- Revenue declined marginally by 0.8% to INR 114.60 crores
- Consolidated billings reached INR 118.40 crores, up 6.7% year-on-year
- Matchmaking business billings increased by 6.9% year-on-year to INR 117.50 crores
Key Performance Indicators
- Paid subscriptions stood at 2.39 lakhs, down 3.5% year-on-year
- Average Transaction Value (ATV) for matchmaking business grew by 10.8% year-on-year
- The company facilitated over 25,000 success stories through its matchmaking platform
Strategic Initiatives and Future Outlook
Murugavel Janakiraman, Chairman and Managing Director of Matrimony.com, stated, "We expect double-digit billing growth in Q3 and anticipate profit improvements from Q4 onwards as the revenue recognition from longer-term packages flows through."
The company has introduced one-year packages with continuity fees, aiming to provide better value to users and improve customer retention. This strategic move is expected to yield benefits in terms of revenue recognition starting from Q4 FY26 and more significantly in Q1 FY27.
Technological Advancements
Matrimony.com is leveraging artificial intelligence to enhance its services:
- Launched an AI Chatbot in customer service for one domain, with plans to expand across all domains
- Developing various AI initiatives to improve customer experience and drive productivity
Diversification and Investments
The company is exploring new avenues for growth:
- Invested in Bharat Ek Khoj Spiritual Tech Private Limited, an AI-powered platform for astrology-related services
- Launching an AI-based astrology product offering free Vedic Astrology-powered question answering
- Continuing to develop and monitor the performance of initiatives like ManyJobs, MeraLuv, and Love.com
Financial Position
| Metric | Value |
|---|---|
| Cash and investment balance as of Q2 | INR 328.00 crores |
| Return on Capital Employed (ROCE) | 8.60% |
Harigovind Krishnasamy, Chief Financial Officer, commented on the company's financial performance, "The gap between billings and revenue has been widening due to the introduction of long-term packages. This temporary drop in revenue-to-billing ratio and EBITDA will flow to P&L from Q4 onwards."
As Matrimony.com continues to adapt to changing market dynamics and invest in future growth areas, the company remains optimistic about its prospects for double-digit growth and improved profitability in the coming quarters.
Historical Stock Returns for Matrimony.com
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | -0.54% | -2.19% | -0.30% | -22.87% | -20.63% |
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