• Matrimony.com's H1 FY27 consolidated net profit was INR 398M, up 146.6% from INR 161M.
  • Matchmaking EBITDA margin reached 28.3%, against 19.0% for FY26.
  • Revenue rose 15.4% to INR 2,653M while total expenses rose 1.9%.
  • Q2 matchmaking average transaction value fell 12.2% year on year to INR 4,313.

Matrimony.com reported consolidated net profit of INR 398M for the first half of FY27 (April to September 2026), up 146.6% from INR 161M a year earlier, according to its November investor presentation. The matchmaking EBITDA margin widened to 28.3%. The figures are unaudited.

The result reverses a two-year slide. The company's presentation shows FY26 profit after tax of INR 342M, down from INR 453M in FY25 and INR 496M in FY24.

The DII Take

This is a margin story far more than a growth story. Revenue grew 15.4% while costs barely moved, and a 28.3% matchmaking margin is well above the 20.9% the company reported for FY24. The question for investors is durability: billings and pricing are softer than the profit line suggests.

Costs flat, revenue up

Revenue was INR 2,653M against INR 2,299M. Total expenses rose only 1.9% to INR 2,087M from INR 2,048M, the company said, with operational other income treated as an offset. Consolidated EBITDA was INR 566M versus INR 251M, a margin of 21.3% against 10.9%.

Total expenses rose only 1.9% to INR 2,087M from INR 2,048M, the company said, with operational other income treated as an offset.

Consolidated marketing expense was INR 935M for the half, against INR 1,842M for all of FY26. Tax rose to INR 125M from INR 46M.

The counterpoints

Q2 matchmaking billings were INR 1,303M. The company's results release says consolidated billings fell 3.6% quarter on quarter. Its 7 October business update put Q2 billings up 10.7% and H1 up 9.2%, slower than H1 revenue growth. Paid subscribers added in Q2 rose 26.6% to 0.30M, but average transaction value fell 12.2% to INR 4,313 from INR 4,914.

Marriage Services and Others stayed loss-making, with an H1 EBITDA loss of INR 81M on INR 19M of revenue.

Rivals are growing faster on billings. Info Edge's Jeevansathi billings rose 18.4% in Q2, according to Indian Startup News, and MediaNama reported it reached operating profitability. Aisle posted a loss before tax of Rs 3 crore, per the same MediaNama report. DII covered Info Edge's billings earlier.

What to watch

The presentation does not include second-half guidance. Chairman and Managing Director Murugavel Janakiraman said in the results release: "We continued our growth momentum in the second quarter of the year also by more than doubling our profits and growing our revenue in high teens." Watch Q3 billings and whether transaction value stabilises.

  • Matrimony.com's profit gain rests on a 1.9% rise in expenses against 15.4% revenue growth, so whether that cost discipline holds will decide how durable the margin is.
  • A 12.2% fall in Q2 average transaction value and a 3.6% quarterly billings decline are the weak points in Matrimony.com's results.
  • Jeevansathi's 18.4% Q2 billings growth shows Matrimony.com faces a competitor growing faster on billings.

Sources: Matrimony.com Investor Presentation, November 2026 (Matrimony.com Limited); Matrimony.com Investor Reports page (Matrimony.com Limited); Matrimony posts strong Q2 PAT growth of 167% y/y (EquityBulls); Info Edge Q2 billings rise 12.8% (Indian Startup News); Info Edge Q2 Results: Profit Up 87% (MediaNama)