Target: ₹635CMP: ₹ 562.15We met Sushanth Pai, Chief Financial Officer, Matrimony.com (Matrimony). To achieve double digit growth, a lot of initiatives have been taken and they have focussed on continuous innovation. As a market leader in the matchmaking space (over 60 per cent share), they will continue to raise the issue of high service fee in relevant forums. Maintain ADD with a TP of ₹635. Key risks: Weaker-than-expected conversion of active profiles into paid subscriptions; slower-than-expected scale-up in marriage services; and lowerthan expected recovery in the matchmaking business.

Source: The Hindu December 28, 2023 15:39 UTC