Matrimony’s Q1 FY27 net profit more than doubled YoY to ₹19.1 Cr, while operating revenue rose 13% to ₹130.5 Cr
The matchmaking platform’s strong profit growth came alongside higher revenue and paid subscriber additions, while expenses remained largely flat
Matrimony added 2.72 Lakh paid subscribers in Q1 FY27, pushing matchmaking billing up 8% YoY to ₹135.3 Cr, while revenue from the segment grew 14% to ₹129.5 Cr
Listed matchmaking platform Matrimony’s consolidated net profit for Q1 FY27 skyrocketed 2.2X YoY to ₹19.1 Cr from ₹8.4 Cr in the year-ago quarter. On a sequential basis, profit surged 96% from ₹9.7 Cr in Q4 FY26.
Operating revenue rose 13% YoY and 12% QoQ to ₹130.5 Cr in the quarter under review. In this, revenue from the matchmaking business grew 14% YoY to ₹129.5 Cr.
With the addition of 2.72 Lakh new paid subscribers in the quarter, the company’s matchmaking business’ billing for the quarter increased 8% YoY to ₹135.3 Cr.
Including other income of ₹6.6 Cr, the company’s total income for the quarter stood at ₹137.1 Cr. Meanwhile, total expenses for the quarter remained largely flat on YoY basis to ₹111.9 Cr.
Matrimony’s Q1 EBITDA more than doubled YoY to ₹26.3 Cr while EBITDA margin expanded to 20.1%, compared with 11% in Q1 FY26.
The matchmaking services segment reported EBITDA of ₹26.9 Cr, up from ₹13.9 Cr in the year-ago quarter. Meanwhile, marriage services and other businesses posted an EBITDA loss of ₹0.6 Cr, narrowing from a loss of ₹1.2 Cr in Q1 FY26.
Matrimony’s total billings stood at ₹136.5 Cr, up from ₹120.4 Cr in Q1 FY26. Matchmaking services contributed ₹135.5 Cr, while marriage services and others accounted for ₹1 Cr.
Separately, Matrimony announced that its CFO, Harigovind Krishnasam, has resigned. He would be relocating to Bengaluru and pursue opportunities outside the organisation.
In his resignation letter, Krishnasam requested to be relieved from his duties at the close of business hours on August 17, 2026, which will be his last working day. Krishnasam joined Matrimony as CFO in July 2025, making his tenure just over a year.
Founded in 2001 by Murugavel Janakiraman, Matrimony has built a matchmaking business spanning hundreds of regional websites and more than 130 physical outlets across India. The company runs a portfolio of regional and community-specific matchmaking platforms, serving users across different languages and geographies.
Its business combines online matchmaking with assisted services through its physical network, giving it an omnichannel presence in a market that remains fragmented.
“We started this year on a strong footing by more than doubling our net profits. Our revenue also grew in double digits and we expect this growth momentum to continue in the financial year,” Matrimony chairman Janakiraman said.
Shares of Matrimony ended today’s trading session 12.2% higher at ₹537.80 apiece on the BSE.
Source: Inc42 - Startups
