Matrimony shares skid 5% after ICICI downgrade

GreyOak summary

Matrimony.com shares declined 5% after ICICI Securities downgraded the stock following Q2FY27 results. Despite a 167% year-on-year profit surge to ₹20.7 crore and 18% revenue growth, the brokerage cited accelerated festive calendar timing and declining Average Transaction Value. The stock, which had gained 11% over three sessions, hit an intraday low of ₹580.