ICICI Direct: Matrimony.com’s Healthy Billing Growth Provides Revenue Visibility
Ritual being carried out at a traditional Indian wedding. (Source: Pixabay)

ICICI Direct: Matrimony.com’s Healthy Billing Growth Provides Revenue Visibility

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Matrimony.com Ltd.’s revenues increased 7.5% QoQ (up 1.1% YoY) mainly led by 7.6% QoQ growth (up 4.6% QoQ) in matchmaking services (led by 25.7% YoY growth in paid subscribers).

Ebitda margins were flat QoQ (up 250 basis points YoY) at 17.7%. Net profit increased 9.6% QoQ (up 31.2% YoY) to Rs 10.3 crore.

Billing increased 18.5% QoQ (9.7% YoY) mainly led by 18.5% QoQ (13.5% YoY) growth in matchmaking services.

Click on the attachment to read the full report:

ICICI Direct Matrimony Company Update.pdf

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