Whalesbook
Toh hua yun ki, March 2026 ko khatam hone wale Q4 mein Matrimony.com ka profit 20% badh kar ₹9.7 crore ho gaya. Yeh growth mainly higher billings ki wajah se hui, jo 9.9% badh kar ₹126 crore ho gaye. Quarterly revenue bhi ₹117 crore tak pahunch gaya.
Full Year Ka Picture Thoda Alag
Lekin agar poore fiscal year FY26 ki baat karein, toh picture thodi alag hai. Profit after tax gir kar ₹34 crore ho gaya, jo FY25 mein ₹45 crore tha. Revenue from operations bhi thoda peeche ho gaya, ₹460 crore se ₹466 crore ho gaya tha pichhle saal.
Chinta Yeh Hai Ki Subscribers Kam Ho Rahe Hain
Sabse chinta wali baat yeh hai ki paid subscriptions mein saal-dar-saal 4.3% ki kami aayi hai. Haalaanki is quarter mein sequential basis par 2.3 lakh new subscribers jude hain, par pichhle saal ke comparison mein numero kam hain. Marriage services segment se revenue bhi kam ho kar ₹1 crore se ₹1.7 crore ho gaya.
Market Ka Scene Aur Competitors
Mazedaar baat yeh hai ki India mein online matrimony ka market kaafi tezi se badh raha hai. Projections ke hisaab se yeh 10.2% CAGR se 2035 tak badhega, jismein Asia-Pacific, India ko lead karega. Matrimony.com sabse bada player hai, lekin Shaadi.com aur Jeevansathi.com jaise competitors bhi hain. Millennials aur Gen Z ki wajah se sector grow kar raha hai.
Stock Performance Aur Valuation
Stock ki baat karein toh, mid-May 2026 tak iska market cap ₹875 crore se ₹927 crore ke beech tha. Stock ₹430-₹446 ke range mein trade kar raha hai, jo ki 52-week high ₹590 se kaafi neeche hai. Year-on-year, stock lagbhag 15% gira hai. Pichhle 5 saalon mein earnings stagnant rahi hain, aur revenue growth bhi average 3.4% hi rahi hai.
Underlying Concerns: Subscriptions Aur Growth Ka Gap
Quarterly profit jump ke bawajood, underlying issues hain. Paid subscriptions mein saal-dar-saal kami aana customer acquisition ya retention mein problem dikhata hai. Company ki sales growth bhi pichhle 5 saal mein sirf 4.01% rahi hai, jo industry average se kam hai.
Analyst Opinion Aur Management Ka View
Maze ki baat hai ki, sirf ek analyst ne 'Buy' rating di hai aur target ₹570 rakha hai, jo ki 27% upside dikhata hai. Management bhi expect kar raha hai ki next financial year mein growth aur tez hogi aur double-digit billings growth hogi. Board meeting bhi audited financial results ke liye schedule ki gayi thi.