NSE: MATRIMONY | BSE: 540704

Strong Performer, Getting Expensive

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539.50 -5.90 (-1.08%)

36,329 NSE+BSE Volume

NSE 09 Jan, 2026 3:31 PM (IST)

1,163.3

Market Cap

Below industry Median

Beta 1Year

Very Low volatility

Matrimony.com Ltd. share price target and research reports

Name: Latest research reports of Matrimony.com Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Matrimony.com Ltd.
Rating: 4
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for MATRIMONY, BSE:540704 Matrimony.com Ltd.

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Matrimony.com Ltd.

10 Aug 2023, 12:00AM

539.50

-1.08%

Profitability improves in Q1 amid worsening risk reward ; downgrade to ADD

Accumulate: Matrimony.com Ltd.

Recommendation Target

ICICI Securities Limited

Matrimony.com’s (Matrimony) matchmaking revenue grew 8% QoQ and 5.6% YoY in Q1FY24. Billings in matchmaking increased 3.8% QoQ and 6.5% YoY in Q1FY24 vs 8.6% QoQ and 3.9% YoY in Q4FY23. Paid subscriptions were up ~12% YoY. We believe this indicates improving sentiment and augurs well for revenue growth in FY24E.

Promoters initiated pledges of 9.40% of holdings in Sep 2025 qtr.

Matrimony.com Ltd.

10 May 2023, 12:00AM

539.50

-1.08%

Turning the corner; re-rating likely

Buy: Matrimony.com Ltd.

Recommendation Target

ICICI Securities Limited

Matrimony’s revenue trend in Q4FY23 improved sequentially after two consecutive quarters of decline. Also, billings in matchmaking increased 8.6% QoQ and 76.9% YoY in Q4FY23 vs 1.6% QoQ and 2.1% YoY in Q3FY23. Paid subscriptions were up ~12% YoY.

Promoters initiated pledges of 9.40% of holdings in Sep 2025 qtr.

Matrimony.com Ltd.

10 May 2023, 12:00AM

539.50

-1.08%

Matrimony.com Ltd

Hold: Matrimony.com Ltd.

Recommendation Target

ICICI Direct

Matrimony.com Ltd. is trading above all available SMAs

Matrimony.com Ltd.

10 Feb 2023, 12:00AM

539.50

-1.08%

A tough quarter; some green shoots

Hold: Matrimony.com Ltd.

Target

ICICI Securities Limited

Matrimony.com’s (Matrimony) revenues from matchmaking services were impacted in Q3FY23 due to postponement of subscription purchases in the previous quarter. This happened due to adverse seasonality of auspicious dates in Q2FY23.

Matrimony.com Ltd. is trading above all available SMAs

Matrimony.com Ltd.

10 Feb 2023, 12:00AM

539.50

-1.08%

Matrimony.com Ltd

Sell: Matrimony.com Ltd.

Recommendation Target

ICICI Direct

Matrimony.com Ltd. is trading above all available SMAs

Matrimony.com Ltd.

11 Nov 2022, 12:00AM

539.50

-1.08%

Near-term headwinds; reasonably valued

Hold: Matrimony.com Ltd.

Recommendation Target

ICICI Securities Limited

According to the management, Matrimony’s Q2FY23 performance (especially matchmaking services) was impacted by heavy seasonality due to presence of inauspicious days across the country.

Matrimony.com Ltd. is trading above all available SMAs

Matrimony.com Ltd.

13 Aug 2021

539.50

-1.08%

Matrimony.com Ltd

Buy: Matrimony.com Ltd.

Target

ICICI Securities Limited

Promoters initiated pledges of 9.40% of holdings in Sep 2025 qtr.

Matrimony.com Ltd.

13 May 2021

539.50

-1.08%

Matrimony.com Ltd

Buy: Matrimony.com Ltd.

Target

ICICI Securities Limited

In the near term, we expect the company's billing and revenues to be impacted QoQ due to lockdowns & lower productivity. Hence, matchmaking revenues are expected to be subdued in Q1FY22E. However, with the easing of lockdowns & vaccinations we expect revenues to improve post Q1FY22E. In addition, introduction of new products (like IIMIIT matrimony), improved subscriber growth (led by differentiated pricing, focus on Tier II & Tier III cities and improving conversion), increasing market share in north (expects to gain healthy market in the next two years) and inorganic opportunity (due...

Promoters initiated pledges of 9.40% of holdings in Sep 2025 qtr.

Matrimony.com Ltd.

06 Nov 2020

539.50

-1.08%

Matrimony.com Ltd

Buy: Matrimony.com Ltd.

Target

ICICI Securities Limited

The company's paid subscribers increased 25.7% YoY mainly led by company's focus on Tier II and Tier III cities to drive subscriber growth. In addition, Matrimony is now approaching with differentiated pricing, which will help in targeting & converting active subscribers to paid subscribers. Further, increasing market share in the north (that we believe is equally distributed among competitors) is expected to drive paid subscriber growth. This coupled with double digit growth (up 13.5% YoY) in matchmaking billing in current quarter and company's expectation of double digit billing...

Matrimony.com Ltd. is trading above all available SMAs

Is Matrimony.com Ltd. worth buying?

57 Votes:

Buy 77.19%

Sell 15.79%

Hold 7.02%