
Search engine company Just Dial Ltd reported net profit of ₹166.22 crore for Q1FY27, representing a 4.12% year-on-year increase from ₹160 crore in the corresponding quarter last year. According to reports from CNBC TV18 and Business Standard, the company's revenue from operations grew 9.94% to ₹327.47 crore compared to ₹297.86 crore in Q1FY26. The results were announced after market hours on Friday, July 10, 2026, with Business Standard confirming the figures as of the quarter ended June 2026. Just Dial also reported profit before tax of ₹206.6 crore, up 3.9% from ₹198.9 crore in Q1FY26. Collections increased 13.7% YoY, while web traffic remained largely flat YoY, as reported by ICICI Securities.
In a significant organizational development, Just Dial has appointed Dinkar Ayilavarapu as Chief Executive Officer (designate) and Key Managerial Personnel, effective July 10, 2026. As reported by CNBC TV18, he will assume charge as the company's Chief Executive Officer and Key Managerial Personnel from August 1, 2026. The appointment follows the completion of V.S.S. Mani's term as Managing Director and Chief Executive Officer on July 31, 2026. Ayilavarapu brings over two decades of experience in building, transforming and scaling businesses across digital commerce, retail and technology. He previously led Flipkart Wholesale, an omnichannel business-to-business platform serving more than one million customers across India, and earlier served as Flipkart's group head of strategy. Additionally, the company has approved the appointment of Dinesh Taluja as Chief Financial Officer and Key Managerial Personnel, effective July 11, 2026, with the board noting his resignation as a non-executive director.
Despite the revenue growth, Just Dial's EBITDA margin declined 233 basis points YoY driven by headcount expansion of +267 employees QoQ and higher marketing investments, as reported by ICICI Securities. The company's EBITDA stood at ₹87.40 crore, marginally higher than ₹86.44 crore in Q1FY26. This margin compression indicates increased operational costs despite the revenue expansion, suggesting potential challenges in maintaining profitability efficiency. Business Standard reports that other income stood at ₹131.5 crore, up 3.3% YoY and 170.3% QoQ, driven by higher mark-to-market gains on treasury portfolio due to declining yields by nearly 40-50 basis points on sequential basis.
The company's user engagement showed mixed trends with total traffic (unique visitors) at 192.9 million for the quarter, down 0.2% YoY but up 5.8% QoQ, according to Business Standard. 86.5% of traffic originated on mobile platforms, 10.6% on desktops, and 2.9% on the company's voice platform. Just Dial maintained strong user retention with total active listings at 56.1 million as of June 30, 2026, representing a 13% YoY increase and 2.7% QoQ growth. The company added 1,467,180 net new listings during the quarter, while total ratings and reviews stood at 160.5 million, up 4.4% YoY. Active paid campaigns reached 639,200 at the end of the quarter, up 3.5% YoY. Revenue growth was driven by 3.5% YoY growth in paid campaigns and pricing-led improvements, as noted by ICICI Securities.
The market responded positively to the results announcement, with Just Dial shares ending at ₹565.00, up by ₹19.05 or 3.49% on the BSE, according to CNBC TV18. The positive stock movement suggests investor confidence in the company's revenue growth trajectory despite margin pressures. Business Standard reports that cash and investments stood at ₹6,022.1 crore as of June 30, 2026, compared to ₹5,429.8 crore as of June 30, 2025. Just Dial Chief Growth Officer Shwetank Dixit noted that the company started FY27 on a strong note with revenue growing 6.6% QoQ, representing the fastest sequential growth in a decade outside the post-COVID recovery period. The strong sequential growth reflects focused execution across core business and sustained investment in technology capabilities.
ICICI Securities maintains a BUY rating on Just Dial with a revised target price of ₹825, down from the earlier target of ₹968, based on a 3x one-year forward EV/EBITDA multiple/12x 1-year forward EPS (FY28E). The brokerage believes that improving clarity on this management transition could help rerate the stock. The company's leadership transition from founder VSS Mani to former Flipkart executive Dinkar Ayilavarapu, effective August 1, 2026, represents a significant organizational change that could drive future growth and operational efficiency improvements.