Just Dial Q1 FY27 Revenue Up 9.9% YoY

Revenue & Profitability:

Operating Revenue for Q1 FY27 stood at ₹327.5 Crores, representing a 9.9% year-over-year (YoY) increase and a 6.6% quarter-over-quarter (QoQ) increase.
Operating EBITDA was ₹87.4 Crores, showing a 1.1% YoY growth. The EBITDA Margin was 26.7%, compared to 29.0% in Q1 FY26 (a contraction of 233 basis points YoY) and 28.9% in Q4 FY26 (a contraction of 221 basis points QoQ).
Operating Profit Before Tax (PBT) was ₹75.1 Crores, up 4.9% YoY.
Other Income was significantly higher at ₹131.5 Crores, up 3.3% YoY and 170.3% QoQ, attributed to higher Mark-to-Market (MTM) gains on the treasury portfolio due to a yield decline of ~40-50 basis points.
Total Profit Before Taxes stood at ₹206.6 Crores, up 3.9% YoY.
Net Profit was ₹166.2 Crores, reflecting a 4.1% YoY increase. The Effective Tax Rate (ETR) normalized to 19.5% for the quarter.
Net Profit Margin was 36.2%.
Advertising spends for the quarter were approximately ₹10.2 Crores.

Balance Sheet & Liquidity:

Deferred Revenue (Unearned Revenue) as of period end stood at ₹540.1 Crores, up 1.0% YoY.
Cash and Investments position was very strong at ₹6,022.1 Crores as of June 30, 2026. This represents a 10.9% increase from ₹5,429.8 Crores on June 30, 2025, and a 2.9% increase from ₹5,852.2 Crores on March 31, 2026.

Traffic:

Total Quarterly Unique Visitors stood at 192.9 million, showing a slight decrease of 0.2% YoY but an increase of 5.8% QoQ.
Traffic by platform:
Mobile: 166.8 million users (86.5% share)
Desktop/PC: 20.5 million users (10.6% share)
Voice: 5.6 million users (2.9% share)

Listings and Content:

Total Active Listings reached 56.1 million as of June 30, 2026, growing 13.0% YoY and 2.7% QoQ.
Net Listings added during the quarter: 1,467,180.
Geocoded Listings: 41.7 million, up 19.7% YoY.
Total Images in listings: 262.9 million, up 14.1% YoY and 2.6% QoQ.
Total Ratings & Reviews: 160.5 million, up 4.4% YoY.

Commercial Metrics:

Other Metrics:

Mr. Shwetank Dixit, Chief Growth Officer, provided commentary on the quarter's performance and strategic initiatives:

Revenue growth of 6.6% QoQ was noted as the fastest sequential growth in a decade outside the post-COVID recovery period.
AI is highlighted as a key force multiplier, deployed across multiple areas:
AI voice agents are used in sales workflows to nurture prospects and qualify leads, improving team productivity and conversions.
AI is strengthening onboarding, customer support, and content operations.
AI capabilities are being extended to the merchant ecosystem to help businesses create content and automate customer interactions.
The company introduced the 'JD Mart Super Sixer Pack,' a premium suite of benefits for B2B sellers on the JD Mart platform. This package includes access to a qualified lead bank, premium 3D catalogues, trust badges, rating certificates, personalized web banners, and enhanced visibility.
The strategic goal is to make AI accessible to MSMEs and build the preferred platform for B2B commerce in India.

| Metric | (₹ million) | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |

| Operating Revenue | (₹ million) | 32,750 | 29,800 | 9.9% | 30,720 | 6.6% |

| Operating EBITDA | (₹ million) | 874 | 864 | 1.1% | 888 | -1.6% |

| Operating EBITDA Margin | % | 26.7% | 29.0% | -233 bps | 28.9% | -221 bps |

| Operating PBT | (₹ million) | 751 | 716 | 4.9% | 761 | -1.3% |

| Other Income | (₹ million) | 1,315 | 1,273 | 3.3% | 486 | 170.3% |

| Profit Before Taxes | (₹ million) | 2,066 | 1,989 | 3.9% | 1,247 | 65.7% |

| Net Profit | (₹ million) | 1,662 | 1,596 | 4.1% | 1,000 | 66.2% |

| Net Profit Margin | % | 36.2% | 37.5% | -133 bps | 28.1% | 812 bps |

| Unearned Revenue (period end) | (₹ million) | 5,401 | 5,346 | 1.0% | 5,554 | -2.8% |

| Cash & Investments (period end) | (₹ million) | 60,221 | 54,298 | 10.9% | 58,522 | 2.9% |