MONEYLIFE - May 11 - Matrimony.com Ltd offers a platform for online matchmaking and marriage services, one of the first companies to provide such services in India. It now has a database of 4.38M active profiles. Matrimony has 134 retail centres where customers can walk in and seek the assistance to register on websites or make payment for the matchmaking product. Its flagship brand, BharatMatrimony, has 15 language-based domains under its umbrella. Matchingmaking services makes up 97% of its business revenue. Matrimony also caters in the marriage service industry. The wedding services industry is worth ~$56B in India. The matchmaking and wedding industry has been growing at 20-25% every year. 10-12M marriages take place annually in India. Matrimony's 2019 revenues grew just 4% from Rs335crore ($44M) in FY2018 to Rs348crore ($46M) for FY2019. Matchmaking segment grew 9.49% YOY. Revenues for marriage services declined by 22.7% for the same period. As far as the profitability margins are concerned, Matrimony has been able to increase its operating profit margins since FY2015. Margins have improved from 3% in FY2016 to 14% for FY2019. Matrimony is currently trading at Rs341 ($4.5) which is 65% below its issue price of Rs985 ($13).
See full article at Moneylife
See the top news on Matrimony
| |
Comments