Just Dial Ltd. · NSE:JUSTDIAL

Just Dial — Q1 FY26 Earnings Presentation

61 slides from Just Dial's earnings presentation, Jul 15, 2025

  1. Slide 1: Regulation 30 disclosure letter to stock exchanges

    July 15, 2025 To BSE Limited National Stock Exchange of Metropolitan Stock Exchange of Phiroze Jeejeebhoy India Limited India Limited Towers, Exchange Plaza, C-1, Building A, Unit 205A, 2nd Floor, Dalal Street, Block G, Bandra-Kurla Complex, Piramal Agastya Corporate Park, Mumbai - 400 001 Bandra (E

  2. Slide 2: Corporate Presentation July 2025

    CORPORATE PRESENTATION July 2025

  3. Slide 3: Disclaimer

    DISCLAIMER This Presentation has been prepared by Just Dial Limited (“Just Dial”) for investors, shareholders, analysts and other relevant stakeholders, solely for informational purposes. The information set out in this Presentation, including business overview, traffic related numbers, products rel

  4. Slide 4: Business Overview

    BUSINESS OVERVIEW

  5. Slide 5: Company Overview

    C O M PA N Y O V E R V I E W Justdial’s services connect High user engagement, 153.7 sellers of products & services million ratings & reviews with potential buyers/ users 193.2 million quarterly unique visitors in Q1-FY26 Database of 49.7 million listings Scalable and profitable business model 617,3

  6. Slide 6: Key Strengths

    KEY STRENGTHS ❑ First Mover Advantage in Indian Local Search Market ❑ Strong Brand Recognition with 193.2 million unique quarterly visitors^ in Q1 FY26 (191.3 million in Q4 FY25) ❑ Comprehensive database of 49.7 million listings ❑ Attractive Value Proposition For Local SMEs ❑ Experience and Expertis

  7. Slide 7: Nationwide Presence

    N AT I O N W I D E PRESENCE Chandigarh Delhi NCR (Noida) Nationwide coverage, branches Jaipur in 11 cities across India Ahmedabad Kolkata Corporate Headquarters in Mumbai, Technology operations in Bengaluru Mumbai Pune Hyderabad 4,689 employees in tele-sales, 5,487 feet-on-street salesforce Bengalur

  8. Slide 8: Platforms Traffic Share

    P L AT F O R M S 86.9% MOBILE Mobile Site & Apps Traffic Share Q1 FY26 10.1% D E S K TO P/ P C 193.2 million^ www.justdial.com 3.0% VOICE 88888-88888 ^ Unique visitors are aggregated across various mediums – Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive

  9. Slide 9: Mobile

    MOBILE Android & iOS Apps Predictive Auto-Suggest Company, Category, Product Search Map View of Category Search Location Detection Voice Search App Notifications JD Pay Maps & directions Location-based search service Ratings & Reviews Friends’ Ratings Real-time Performance tags for listings Catalogu

  10. Slide 10: Website

    WEBSITE Predictive Auto-Suggest Company, Category, Product Search Location Detection Maps & directions Operating hours Business logos Pictures & videos Ratings & reviews Friends’ Ratings Catalogues Search Plus Popular Category Searches

  11. Slide 11: Voice

    VOICE 88888-88888 Operator-assisted Hotline Number One number across India 24 Hours a day x 7 Days a week Multi-lingual support Zero-ring Pickup Personalized Greeting Multiple queries in one call Instant WhatsApp, SMS & Email

  12. Slide 12: Value Proposition for SMEs

    VA LU E P R O P O S I T I O N FOR SMEs LISTING OWN WEBSITE PAYMENTS RATINGS REACH Every SME should Justdial can SMEs can accept Ratings are key to With curated be listed on create websites digital payments users’ decision- content including Justdial - India's for SMEs from their making, JD Catalogui

  13. Slide 13: User Engagement

    USER ENGAGEMENT 153.7 million Ratings & Reviews Mobile-verified, unbiased ratings Intelligent tags to capture experiences Friends’ Ratings 5-Point Rating Scale Photos Upload with Review Robust Audit Mechanism

  14. Slide 14: Product Overview

    PRODUCT OVERVIEW

  15. Slide 15: JD Mobile

    JD Mobile C— Justdial ray Q. Search in Mumbai oe 8 S ray wr & B2B Doctors Travel Car Hire 6 Ey v s Beauty Wedding ym Education Planning ® x a & Packers Repairs & Rent & Hire Jobs & Movers Services é * ff @ Loans Real Estate: PG/Hostel ‘Show More: List your business GT) Home Services > = AC REPAIR &

  16. Slide 16: JD Mobile

    JD Mobile < General Physician Doctors... aaa Link Road-Malad West, Mumbai RMS MULTISPECIALITY HOSPITAL & ICU HAR) 224 Rating #2 = Sortby Book Appointment —_ Available Now 28.7k Results for your search ¢ Trenaing OLaxmi Clinic 44 Ratings Evershine Nagar Malad West - 600 mts 48 Years in Healthcare Avo

  17. Slide 17: JD Mobile

    JD Mobile < QnA ii < Enrich Beauty Qa: © The Neha Salon & Academy 22k Ratings verified —\ylnusey +27km 2 Gender Beauty Parlours + 36 Years in Business Overview Catalogue Locations _Reviev Goregaon West, Mumbai « @ 8 Open Now: until 8:30 pm ¥ @ Unisex Women Hair Cut Starting at % 850 | Grooming © i @

  18. Slide 18: JD Mobile

    JD Mobile < Prequel Qo p } <_ Mainland China QA: Uploaded By : Owner Reviews Services Quick Info Photos Reviews Services Quick Info Photos & all (47) QR] Food (21) «| Wes Q > TD) Se F000 (65) $y amvienc Q asta N ind ited

  19. Slide 19: Voice Search

    Voice Search Listening... Mainland China restaurant < Qa Mainland China 146k Ratings vorified — ¢amwath Andheri West, Mumbai « @ 15 min + 5.0 km Chinese Restaurants - 26 Years in Business 2 2100 Price for two Opens at: 12:30 PM ¥ Vv w o call WhatsApp Direction Review —_Edit Listing le mA 4 Overview

  20. Slide 20: JD Website

    JD Website Justdial Search across ‘5.9 Crore+’ Products & Services ® Ranchi Search Packers and Mover (PENS WeareHiring Investor Relations «Advertise Lz Free isting £Y Search book hote. GET BEST DEALS ae @ ¢ a Restauronts Hotels Beauty Home Wedding Spa Decor Planning Po/Hostels Estne Dentists ym Loan

  21. Slide 21: JD Website

    JD Website Justdial © mumbo: Prequel Hebbal xeQ@ DPINY Gh Advertise Le Free List Bongalore > Restourants in Bangalore > Restaurants in Habba! > Prequel f S73 Add More Photo 4 zl 1.857 Rating - Claim this business § © Hebbal, Bangalore - Openuntil:00am © Price for two € 1400 « 48 Live Music » @ Parki

  22. Slide 22: JD Website

    JD Website & Add Photos | [2 x Uw Marriott Hotel in Juhu, Mumbai - Gallery ‘Swimming Pool (6) | | Dining (2) { View 360° (14) Ail(63) Room (Nl) | Video (2) | Exterior (10) |_| interior (5) Ne) a “ em a, e a ens ow) A

  23. Slide 23: Enhanced Ratings & Reviews System

    Enhanced Ratings & Reviews System

  24. Slide 24: Review Insights

    Review Insights Key Insights > What users liked + The cate has a great and pleasant ambiance + The staff is friendly and attentive ‘+ The food is delicious and flavorful, with a variety of options More *BETA VERSION - Linas and suggested impsovamants are nated on the reviews across the web Reviews &

  25. Slide 25: JD Mart – Exclusive B2B Platform

    JD Mart – Exclusive B2B Platform

  26. Slide 26: JD Mart – Exclusive B2B Platform

    JD Mart – Exclusive B2B Platform

  27. Slide 27: JD Mart – Exclusive B2B Platform

    JD Mart – Exclusive B2B Platform

  28. Slide 28: JD Mart – Exclusive B2B Platform

    JD Mart – Exclusive B2B Platform

  29. Slide 29: JD Mart – Exclusive B2B Platform

    JD Mart – Exclusive B2B Platform

  30. Slide 30: Self-Sign-up for SMEs to start paid campaign

    Self-Sign-up for SMEs to start paid campaign

  31. Slide 31: JD Business – Dashboard for SMEs to manage campaigns

    JD Business – Dashboard for SMEs to manage campaigns

  32. Slide 32: Beyond Search: JD Shopping, Get quotes, Travel

    Beyond Search JD Shopping Get quotes on Products Travel

  33. Slide 33: Beyond Search: Flights, Bills & Recharge, JD Pay

    Beyond Search Flights Bills & Recharge Jd Pay

  34. Slide 34: Beyond Search: Stocks, Logistics, Get quotes

    Beyond Search Stocks Logistics Get quotes

  35. Slide 35: JD Xperts – One Stop Solution for On-Demand Services

    JD Xperts – One Stop Solution for On-Demand Services

  36. Slide 36: JD Omni – Cloud-Hosted Solution for Digitalizing Businesses

    JD Omni – Cloud-Hosted Solution for Digitalizing Businesses

  37. Slide 37: JD Homes

    JD Homes 4 QA © Prime Property Consultant PERS 74 Ratings Sanpada Sector I, Mumbai + @ 68 min + 22.4 km Real Estate Agents + 30 Years in Business Response time: 2 hrs Open Now: until 8:00 pm v a VF : call WhatsApp Enquiry —_—Direction Re Overview _— Properties Reviews Service: Start a review S call

  38. Slide 38: Operational & Financial Overview

    O P E R AT I O N A L & F I N A N C I A L OVERVIEW

  39. Slide 39: Key Business Attributes

    E F F I C I E N T & P R O F I TA B L E B U S I N E S S M O D E L ▪ Paid Advertisers pay a fixed fee to run search- led advertising campaigns for their businesses on Justdial’s platforms ▪ Various premium & non-premium listing packages available which determine placements in search results ▪ Multiple

  40. Slide 40: Quarterly Unique Visitors (million)

    TRAFFIC/ VISITORS Quarterly Unique Visitors (million) 198.0 193.2 200 191.2 191.3 181.3 180 171.4 171.7 171.1 165.9 160 140 120 100 80 60 40 20 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  41. Slide 41: Quarterly Unique Visitors split (million)

    TRAFFIC/ VISITORS Quarterly Unique Visitors split (million) 200 180 160 140 120 169.0 164.4 167.9 100 154.5 166.2 146.5 147.9 141.2 144.7 80 60 40 20 20.8 20.4 23.4 21.4 18.6 17.9 19.1 20.1 19.4 0 6.3 5.9 5.6 5.6 6.3 5.6 5.4 5.0 5.9 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q

  42. Slide 42: Ratings & Reviews (million)

    USER ENGAGEMENT Ratings & Reviews (million) 160 151.4 152.6 153.7 147.0 148.0 149.1 150.3 144.6 145.8 140 120 100 80 60 40 20 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  43. Slide 43: Active Listings - period end (million)

    D ATA E N R I C H M E N T Active Listings - period end (million) 48.8 49.7 50 47.5 46.2 44.9 45 43.6 41.6 40.2 40 38.0 35 30 25 20 15 10 5 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  44. Slide 44: Listings with Geocodes (million)

    D ATA E N R I C H M E N T Listings with Geocodes (million) 34.8 35 32.7 31.8 30.8 29.5 30 28.5 26.4 25.3 25 23.5 20 15 10 5 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  45. Slide 45: Images in Active Listings (million)

    D ATA E N R I C H M E N T Images in Active Listings (million) 250 227 231 216 207 198 200 188 176 165 150 150 100 50 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  46. Slide 46: Cumulative JD App Downloads (million)

    MOBILE APPS Cumulative JD App Downloads (million) 45 39.9 40.7 40 38.2 39.0 36.4 37.3 35.0 35.8 35 34.0 30 25 20 15 10 5 0 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  47. Slide 47: Operating Revenue (Rs million)

    REVENUE Operating Revenue (Rs million) 2,979 3,000 2,848 2,873 2,892 2,806 2,650 2,703 2,606 2,470 2,500 2,000 1,500 1,000 500 - 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  48. Slide 48: Adjusted EBITDA (Rs million) & Margin %

    O P E R AT I N G M A R G I N Adjusted EBITDA (Rs million) & Margin % 900 36% 30.2% 29.8% 750 28.8% 28.8% 29.0% 30% 26.2% 600 22.8% 24% 18.6% 450 867 865 18% 14.7% 821 861 807 707 300 606 12% 486 363 150 6% - 0% 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 Note: Adjusted EB

  49. Slide 49: Expenses as % of Operating Revenue

    COST STRUCTURE Expenses as % of Operating Revenue 100% 1.8% 90% 2.5% 3.0% 3.1% 2.4% 80% 11.2% 2.2% 3.0% 2.1% 2.1% 2.1% 2.1% 1.9% 10.1% 3.2% 9.9% 2.8% 2.9% 3.1% 3.2% 3.0% 70% 9.7% 9.6% 9.9% 9.6% 9.8% 10.5% 60% 50% 40% 74.1% 71.2% 67.3% 64.1% 30% 61.6% 61.2% 60.2% 60.4% 60.4% 20% 10% 0% 1Q FY24 2Q FY2

  50. Slide 50: Other Income (Rs million)

    OTHER INCOME Other Income (Rs million) 1,400 1,273 1,200 1,136 1,087 1,000 913 869 814 800 749 774 579 600 400 200 - 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 Note: Other Income primarily constitutes mark-to-market (MTM) gains on treasury portfolio, which can have high

  51. Slide 51: Net Profit (Rs million) & PAT Margin %

    NET PROFIT MARGIN Net Profit (Rs million) & PAT Margin % 1,750 39.6% 42% 38.4% 38.7% 37.5% 36.0% 1,500 36% 32.0% 1,250 30% 27.1% 25.4% 1,000 22.5% 24% 1,541 1,576 1,596 750 18% 1,412 1,313 1,156 500 12% 920 834 718 250 6% - 0% 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 N

  52. Slide 52: Active Paid Campaigns - period end

    PA I D C A M P A I G N S Active Paid Campaigns - period end 700,000 613,290 617,340 591,650 598,430 601,080 600,000 583,690 560,830 566,955 548,270 500,000 400,000 300,000 200,000 100,000 - 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  53. Slide 53: Cash & Investments - period end (Rs million)

    CASH AND INVESTMENTS Cash & Investments - period end (Rs million) 60,000 54,298 52,786 49,428 50,627 50,000 47,555 46,254 42,822 44,053 41,592 40,000 30,000 20,000 10,000 - 1Q FY24 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26

  54. Slide 54: Sales Strength - Period End

    SALES FORCE Sales Strength - Period End 11,746 11,532 12,000 10,906 9,980 10,184 10,103 10,176 9,816 9,765 10,000 4,734 4,841 4,487 8,000 3,707 3,754 3,866 3,932 3,919 3,764 6,000 1,746 1,745 1,705 1,574 1,574 1,532 1,523 1,538 1,568 4,000 5,266 4,946 4,714 4,694 4,744 4,689 2,000 4,535 4,478 4,633

  55. Slide 55: 1Q FY26 Performance Summary

    JUST DIAL LTD - 1Q FY26 (Quarter ended June 30, 2025) PERFORMANCE SUMMARY Metric Unit 1Q FY26 1Q FY25 YoY change 4Q FY25 QoQ change Operating Revenue (₹ million) 2,979 2,806 6.2% 2,892 3.0% Operating EBITDA (₹ million) 864 806 7.2% 861 0.4% Operating EBITDA Margin % 29.0% 28.7% 28 bps 29.8% -74 bps

  56. Slide 56: 1Q FY26 Performance Summary

    JUST DIAL LTD - 1Q FY26 (Quarter ended June 30, 2025) PERFORMANCE SUMMARY Metric Unit 1Q FY26 1Q FY25 YoY change 4Q FY25 QoQ change Unique Visitors (million) 193.2 181.3 6.6% 191.3 1.0% - Mobile (million) 167.9 154.5 8.7% 166.2 1.0% - Desktop/ PC (million) 19.4 20.4 -5.0% 20.1 -3.4% - Voice (million

  57. Slide 57: Board of Directors

    BOARD OF DIRECTORS EXECUTIVE DIRECTOR V S S Mani is the Founder, Managing Director and Chief Executive Officer of Just Dial. With over 36 years of experience in V S S Mani the field of media and local search services, he has successfully steered and kept our business on the growth track, driven by t

  58. Slide 58: Board of Directors

    BOARD OF DIRECTORS NON-EXECUTIVE DIRECTORS V. Subramaniam is a Chartered Accountant and Cost Accountant. He has over 25 years of experience in the fields of finance, accounts, taxation and business management. He has over the years served at various leadership positions in V. Subramaniam industries

  59. Slide 59: Leadership Team

    LEADERSHIP TEAM Name Designation Experience Functional Areas Overall growth strategy, planning, execution & V S S Mani Managing Director & CEO 36 Years management V Krishnan Group President 31 Years Growth Strategy and Business Development Finance, Strategy, Accounting, Treasury, Audit, Legal, Abhis

  60. Slide 60: Shareholding Pattern

    S H A R E H O L D I N G P AT T E R N 7.03% 74.15% FOREIGN PROMOTER INVESTORS GROUP* 8.57% AS ON INDIVIDUALS JUN 30, 2025 10.25% DOMESTIC INVESTORS *Stake held by Promoter - Reliance Retail Ventures Limited (RRVL) = 63.84%

  61. Slide 61: End of Presentation

    - End of Presentation - Registered & Corporate Office: Just Dial Limited, Palm Court Building M, 501/B, 5th Floor, New Link Road, Malad West, Mumbai, Maharashtra – 400064 For any queries, please contact us at investors@justdial.com

Just Dial — Q1 FY26 Earnings Presentation on 6ix