Matrimony.com Ltd

Legal update

• Supreme Court dismissed Matrimony.com Ltd SLP as withdrawn (7 Sep 2026 order; 8 Sep 2026 receipt).
• Company to comply with Madras High Court Division Bench order dated 11 Aug 2026.
• Dispute concerns infringement of trademark Jodi365 by FreeElective Network Private Limited.

Key update

• Supreme Court dismissed Matrimony.com's SLP as withdrawn in the Jodi365 trademark case.
• SC order dated 7 Sep 2026, received 8 Sep 2026, relates to Madras HC 11 Aug 2026 order.
• Matter: Network Private Limited vs Matrimony.com Limited; infringement of Jodi365 trademark.
• Company is in process of complying with the Madras High Court order dated 11 Aug 2026.
• Continuation of earlier disclosure dated 12 Aug 2026 on the SLP.

Meeting Details

• Date: August 11, 2026.
• Type: Group earnings conference call (investor call).
• Mode: Virtual teleconference.
• Organiser: Matrimony.com Limited; ICICI Securities moderated.

Participants

• Role: Managing Director and Chief Executive Officer.
• Role: Vice President of Finance.

Purpose

• Discuss Q1 FY'27 earnings results and outlook.
• Investor Q&A session.

Availability

• Call was recorded.
• Transcript and presentation will be available on the company's website.

Financial Performance

• Consolidated billing Rs 136.0 cr; QoQ +7.8%; YoY +7.8%.
• Matchmaking billing Rs 135.3 cr; QoQ +7.9%; YoY +8.0%.
• Matchmaking revenue Rs 109.5 cr; QoQ +11.7%; YoY +13.6%.
• Matchmaking EBITDA Rs 34.9 cr; margin 26.9%.
• Gap between billing and GAAP revenue ~Rs 5.5 cr.
• If billing matched revenue, EBITDA would be ~Rs 40 cr.
• PAT Rs 19.1 cr; QoQ +96.2%; YoY +127.5%.
• Tax rate for the quarter: 23.8%.
• Cash balance Rs 342 cr; ROCE 36.4%.
• Consolidated EBITDA margin 20.1% in Q1; Q4 12.4%; YoY 11%.
• Astro-Vision share of loss: Rs 0.09 cr.
• Marketing expenses (Matchmaking) Rs 46.5 cr; Q4 Rs 43.5 cr.
• Goodwill impairment taken in Q4 (prior year).
• Love.com launches; regional expansion (Malayalee Love) planned.
• Manyjobs program: >1.5 million job seekers; Tamil Nadu focus; national rollout planned next year.

Operating Update

• Matchmaking: 25,500+ success stories in the quarter.
• Marriage services billing Rs 74 lakh; revenue Rs 96 lakh; EBITDA loss Rs 3.8 cr.
• AI initiatives across automation, service/product improvements, and customer experience.
• Wedding services moved to commission-led model; target around Rs 100 crore run rate.
• Love.com expansion: regional rollout; Malayalee Love; invest to grow profiles.
• Manyjobs: ~1.5 million job seekers; Tamil Nadu focus; national rollout possible next year.

Balance Sheet and Cash Flow

• Cash balance Rs 342 cr at end of Q1 FY'27.
• Return on Capital Employed (ROCE) 36.4%.

Outlook and Guidance

• Q2: Matchmaking billing and revenue to show double-digit YoY growth.
• Q2: PAT to grow triple-digit YoY; profit similar to or slightly better than Q1.
• Wedding services target: Rs 100 crore run rate; momentum expected in coming quarters.
• Pricing: no major ASP increase; continue pricing and packaging adjustments.
• Ongoing AI focus to drive efficiency and customer experience.

Q&A Highlights

• Revenue recognition happens over membership period; Q1 revenue Rs 130.5 cr vs Rs 136 cr billing.
• Current quarter revenue recognition ~97%–99% of billing; varies by quarter.
• Acquisition and capital deployment: evaluating opportunities to reward shareholders; open to acquisitions.
• Wedding services model shift to commission-led; target Rs 100 crore run rate.
• Manyjobs and Bharat Ek Khoj: Tamil Nadu focus; 1.5 million job seekers; possible national rollout next year.
• ATV movements: pricing and package mix cause fluctuations; avoid reading too much into ATV alone.

CFO resignation

• Resignation of CFO Harigovind Krishnasamy effective 17 August 2026, with no reason disclosed.

CFO resignation details

• Name of resigning CFO: Harigovind Krishnasamy.
• Effective date: 17 August 2026 (close of business hours).
• Reason for resignation: not stated.
• Other material reasons: not stated.
• Board acceptance: not explicitly stated.
• Interim/new CFO: no transition details disclosed.

Litigation update

• Litigation update: Free Elective Network Pvt Ltd sued Matrimony.com for Jodi365 mark infringement.
• High Court dismissed suit on 14.07.2022; appeal partially allowed on 11.08.2026.
• Damages relief was dismissed; company may file appeal before the Supreme Court.
• No financial liability disclosed at this time; ongoing material litigation disclosure.

Litigation update: Jodi365 case

• Litigation: Madras High Court partial appeal ruling on Jodi365 mark; damages dismissed.
• Original suit filed by Free Elective Network Private Limited; injunctions sought for mark.
• Order dated 11 August 2026; further appeal to Supreme Court contemplated.
• No damages awarded; potential financial exposure unclear; legal review ongoing.

Matrimony.com Q1 2026 results

• Unaudited consolidated and standalone results for quarter ended 30 June 2026.
• Board approved the results at meeting held on 11 August 2026.
• Audit Committee recommended the results on 10 August 2026.
• Consolidated total income from operations: 13,707 lakh.
• Consolidated net profit after tax: 1,908 lakh.
• Standalone total income from operations: 13,602 lakh.
• Standalone net profit after tax: 1,897 lakh.
• Annual consolidated net profit after tax: 3,417 lakh.
• Annual consolidated EPS: 15.92.
• Equity share capital and reserves: 1,034 lakh and 19,613 lakh respectively.