wordpress blog stats
Connect with us

Hi, what are you looking for?

Matrimony to increase its ad budget for North India; other notes from earnings call

Matrimony Limited, which runs BharatMatrimony, reported a consolidated net profit of Rs 19.16 crore, up 64%, as compared to Rs 11.69 crore in Q2FY17. The company also reported a revenue of Rs 83.7 crore for the quarter, representing a growth of 13.7 % compared to Rs 73.6 crore the same quarter previous year. During the earnings call, chairman Murugavel Janakiraman spoke about the company's ambitions to expand to North India and gave details about their newly started marriage services business. Highlights from the call: Advertising spends for the North India Janakiraman said that the company will be stepping up its marketing efforts in North India in the coming quarter. He mentioned that Matrimony has as an annual budget of Rs 50-52 crore for advertising and marketing but the company will be maintaining the same advertising spends and will instead divert some of the resources from…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ