What's your take on Matrimony?

The way I see it, it's a cash cow. I mean, there aren't many competitors besides Shaadi and a few others. Indians spend crazy amounts on their weddings, so they wouldn't mind paying a premium for matrimony services. That's obvious—it’s about choosing the best possible life partner. Matrimony also has a premium segment where they charge ₹50K+—kind of like a matchmaking service for celebrities and the wealthy. I think even the upper middle class would opt for that. However, their recent quarterly results have been disappointing, and even their long-term revenue growth seems slow. From what I see, they spend a lot on employee expenses, even in this age of AI. If they can find a way to cut costs or at least maintain their current workforce, they could retain a significant portion of their revenue as earnings. One interesting thing about the company is that its market cap is only around ₹1,000 crores, which is tiny. Plus, the promoters have been buying back shares. As long as India continues to follow the tradition of arranged marriages, Matrimony could be a multibagger. Population is only increasing after all.