Matrimony Q1: Profit Falls 40% YoY To INR 8.4 Cr

SUMMARY

Matrimony reported a net profit of INR 8.4 Cr in Q1 FY26, down 39.5% from INR 13.9 Cr in Q1 FY25. On a sequential basis, profit rose 2.69% from INR 8.2 Cr in Q4 FY25

Revenue for the quarter stood at INR 115.3 Cr, a decline of 4.83% from INR 120.59 Cr a year ago, but up 6.47% from INR 108.3 Cr in the previous quarter

Meanwhile, expenses in Q1 FY26 were INR 110.7 Cr, increasing 1.49% over INR 109 Cr in Q1 FY25 and up 1.17% from INR 109.4 Cr in Q4 FY25

Matrimony reported a net profit of INR 8.4 Cr in the first quarter of the financial year ending March 2026 (Q1 FY26), down 39.5% from INR 13.9 Cr in Q1 FY25. On a sequential basis, profit rose 2.7% from INR 8.18 Cr in Q4 FY25.

Revenue for the quarter stood at INR 115.3 Cr, a decline of 4.8% from INR 120.59 Cr a year ago, but up 6.5% from INR 108.3 Cr in the previous quarter.

Including finance and other income, the company’s total income for the period under review stood at INR 121.7 Cr, declining 4.4% from INR 127.4 Cr in the same period last year.

Meanwhile, billings (the total value of customer orders and renewals booked) touched INR 126.2 Cr in Q1 FY26, up 7.4% from last year and 10% from the March quarter, marking the highest level in over a year. Deferred revenue (money the company has already collected from customers but hasn’t yet recognised) rose to INR 83 Cr, up 14.7% YoY.

Enterprise EBITDA, however, came in at INR 12.7 Cr, down 37.2% YoY as margins contracted to 11% from 16.7% a year ago. Paid subscriptions during the quarter were 0.26 Mn, down 0.8% from last year but up 6.9% from Q4 FY25, while average transaction value rose 8.6% YoY to INR 4,775.

Breaking Down The Expenses

The company’s expenses for the period under review were at INR 110.7 Cr, increasing 1.5% over INR 109 Cr in Q1 FY25. Sequentially, they rose 1.17% from INR 109.4 Cr in Q4 FY25.

Employee Benefit Expenses: Matrimony’s expenses under this head in Q1 FY26 were at INR 38.6 Cr, up 7.5% from INR 35.9 Cr in the same period last year. On a QoQ basis, the employee benefit expenses increased 8.7% from INR 35.5 Cr in the previous quarter.

Advertising And Promotional Expenses: Matrimony’s advertising expenses for the period under review were at INR 47.7 Cr, almost flat from INR 47.8 Cr in the previous year. They were the same in the previous quarter as well at INR 47.6 Cr.

Other Expenses: While the company didn’t provide the bifurcation of other expenses, its total “other expenses” in the period under review stood at INR 16.4 Cr, down 0.6% from INR 16.5 Cr. On a quarterly basis, they declined 11.8% from INR 18.6 Cr in the previous quarter.