homevideos Newsearnings NewsMatrimony.com expects better growth from the combination of match making and wedding services
Matrimony.com expects better growth from the combination of match-making and wedding services
The leading online matrimony company Matrimony.com on Thursday said they expect better growth from the combination of match-making and wedding services.
"We expect wedding services to have a healthy growth from this quarter onwards," said Murugavel Janakiraman, founder and MD, Matrimony.com. "The match-making has almost jumped by 53 percent while the gross margin business is around 49 percent."
Matrimony.com posted a muted set of Q2 earnings. The company reported a revenue of Rs 88.2 crores for the quarter ended September 30, a growth of 5.4 percent against the corresponding quarter of the previous year.
The company's revenue growth slowed while margins were hit by high marketing and advertising spend.
“Ours is a debt-free company, we have close to Rs 180 crore on our books, Janakiraman said. "The money collected in advance from the customer is stated as a short-term liability.”
The company needs to grow much better than the way it has been growing, he said.
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