Just Dial Limited – Investor Presentation Summary

Key Operational Highlights

  • Paid campaigns reached 656,520 at period end, a 5.2% YoY increase from 623,970 in 2Q FY26
  • Total active listings grew to 57.4 million, a 12.2% YoY increase from 51.2 million
  • Total images in listings reached 269.5 million, a 12.8% YoY increase from 239.0 million
  • Listings with geocodes reached 43.0 million, a 19.8% YoY increase from 35.9 million
  • Ratings & reviews reached 164.0 million, a 6.0% YoY increase from 154.7 million
  • Total app downloads reached 44.9 million, a 7.8% YoY increase from 41.7 million
  • App downloads per day were 6,363, a 21.9% YoY decrease from 8,149

Key drivers of operational performance: Steady growth in merchant adoption of paid campaigns, expansion of listing content with more images and geocodes, and continued user engagement through ratings and reviews.

Segment-wise Performance

Not Specified

Financial Highlights

Revenue: ₹3,428 million

EBITDA: ₹907 million

PAT: ₹1,078 million

EPS: Not Specified

Margins: Operating EBITDA Margin 26.4%, Net Profit Margin 27.1%

YoY/QoQ comparison: Operating Revenue up 13.1% YoY and 4.7% QoQ; Operating EBITDA up 4.1% YoY and 3.7% QoQ; Net Profit down 9.7% YoY and 35.1% QoQ

Drivers of financial performance: Higher revenue growth from increased paid campaigns, partially offset by decreased other income from investments

Comparison to market estimates: Not Specified

Key Risks: Not disclosed in the presentation

Geographical Revenue Split

Not Specified

Balance Sheet Snapshot

Net Debt/Equity: Not Specified

Reserves: Not Specified

Current Assets/Liabilities: Not Specified

Working Capital/Leverage Metrics: Not Specified

Financial Health Insights: Cash positive business with negative working capital, strong treasury balance providing financial flexibility

Capex & Cash Flow Health

Capital Expenditure: Not Specified

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Not Specified

Investment Rationale: Financial flexibility to pursue future opportunities with growing cash and investments balance

Strategic & R&D Initiatives

Investments in Innovation: AI-assisted ratings and reviews, LLM-powered review insights, Ask Genie for quote generation, JD Mart B2B marketplace with conversational RFQ, AI-led merchant onboarding and support, Lead Bank with AI-qualified leads, merchant analytics dashboard, JD Omni cloud tools including website builder

Expected impact on growth: Not quantified in the presentation

Strategic Rationale: Democratizing AI for Indian SMEs, verticalized user experiences, helping users choose with confidence through rich content and AI insights, enabling businesses to grow through self-service tools and analytics

Industry Trends & Business Environment

Not Specified

Management Commentary & Growth Outlook

Strategic Outlook: Not explicitly stated in the presentation

FY Guidance: Not provided

Market Share Targets: Not specified

Risks and Opportunities: Not highlighted

Governance Updates

Board of Directors includes Krishnan Sudarshan (Chairman), Ranjit Pandit, Bhama Krishnamurthy, Prof. Dipak C. Jain, V S S Mani (Founder), V. Subramaniam, Ashwin Khasgiwala, Geeta Fulwadaya, and Anshuman Thakur

Leadership team includes Dinkar Ayilavarapu (CEO), Dinesh Taluja (CFO), Vishal Parikh (CPO), Shwetank Dixit (CGO), Prashant Nagar (CRO), Rajesh Madhavan (CPO), Bandan Karkidholy (SVP & General Counsel), and Manan Udani (Company Secretary & Compliance Officer)

Shareholding: Reliance Retail Ventures Limited holds 63.83% stake