Matrimony.com (MATRIMONY) Q2 25/26 earnings summary

Executive summary

• Achieved 6.7% year-on-year growth in consolidated billings for Q2, with a sequential decline of 6.1%.

• Market leader in Indian online matchmaking with a 25-year track record, diversified offerings, and strong offline and international presence.

• Zero debt, strong free cash flow, and robust technology underpin operations.

• Unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025, were approved and released.

• Statutory auditors issued unmodified limited review reports for both consolidated and standalone results.

Financial highlights

• Q2 FY26 consolidated revenue was INR 1,146 Mn (₹11,459 lakhs), down 0.6% sequentially and 0.8% year-on-year; matchmaking revenue at INR 1,135 Mn (₹11,354 lakhs), down 0.5% Q-o-Q.

• Q2 FY26 PAT was INR 78 Mn (₹776 lakhs), down 7.5% Q-o-Q and 41.1% Y-o-Y; PAT margin at 6.7%.

• H1 FY26 revenue at INR 2,299 Mn, down 2.6% Y-o-Y; EBITDA at INR 251 Mn, down 33.5% Y-o-Y; PAT at INR 161 Mn, down 40.5% Y-o-Y.

• Cash balance at INR 3,279 Mn as of Q2 FY26.

• EPS (consolidated, basic) for Q2 FY26 was ₹3.60, down from ₹3.89 in Q1 FY26 and ₹5.91 in Q2 FY25.

Outlook and guidance

• Expect double-digit year-on-year billings growth in Q3; marriage services and other business expected to be higher than Q2.

• PAT for Q3 expected to be in line with Q2; significant PAT improvement anticipated from Q4 as revenue recognition from long-term packages increases.

• Focus on customer segmentation, technology, and continued investment in product innovation and wedding services expansion.

• Management and auditors confirm compliance with Indian Accounting Standards and SEBI regulations.