MATRIMONY Q3 FY26 Guidance vs Delivery (MATRIMONY Management Mirror)

Billing & Revenue Outlook

Lowered (Short-Term) / Reaffirmed (Long-Term): For the Mar'26 Qtr, management expects single-digit to double-digit growth in matrimony billings YoY. This represents a slight moderation in tone compared to the Sep'25 Qtr, where explicit double-digit billing growth was projected for "coming quarters."

Modified: The timing for the gap between billing and revenue normalization has shifted. In the Jun'25 Qtr, improvement was expected by Dec'25. By the Dec'25 Qtr, management clarified that while significant deferred revenue flows in during FY26, full benefits of one-year packages will only be realized in Q1 FY27 (Jun'26).