Online matchmaking platform Matrimony Ltd. delivered a muted performance in the second quarter of FY25, reporting a sharp decline in profitability and largely stagnant revenue growth. The company posted a net profit of INR 7.8 crore, down 41% from the INR 13.2 crore reported in the same quarter last year. Revenue remained nearly flat at INR 120.6 crore, reflecting the ongoing challenges facing the online matchmaking industry, where rising competition and shifting user behaviour are reshaping the market.
The platform, which operates leading brands such as BharatMatrimony, TamilMatrimony and CommunityMatrimony, attributed the subdued earnings to higher marketing and customer acquisition costs
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