Just Dial Ltd. · NSE:JUSTDIAL
Just Dial — Q2 FY26 Earnings Presentation
61 slides from Just Dial's earnings presentation, Oct 13, 2025
Slide 1: Exchange filing cover letter
October 13, 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
Slide 2: Corporate Presentation October 2025
CORPORATE PRESENTATION October 2025
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
Slide 4: Business Overview
BUSINESS OVERVIEW
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, 154.7 sellers of products & services million ratings & reviews with potential buyers/ users 197.7 million quarterly unique visitors in Q2-FY26 Database of 51.2 million listings Scalable and profitable business model 623,9
Slide 6: Key Strengths
KEY STRENGTHS ❑ First Mover Advantage in Indian Local Search Market ❑ Strong Brand Recognition with 197.7 million unique quarterly visitors^ in Q2 FY26 (193.2 million in Q1 FY26) ❑ Comprehensive database of 51.2 million listings ❑ Attractive Value Proposition For Local SMEs ❑ Experience and Expertis
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 4,740 employees in tele-sales, 5,337 feet-on-street salesforce Bengalur
Slide 8: Platforms Traffic Share
P L AT F O R M S 87.3% MOBILE Mobile Site & Apps Traffic Share Q2 FY26 10.0% D E S K TO P/ P C 197.7 million^ www.justdial.com 2.7% VOICE 88888-88888 ^ Unique visitors are aggregated across various mediums – Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive
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
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
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
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
Slide 13: User Engagement
USER ENGAGEMENT 154.7 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
Slide 14: Product Overview
PRODUCT OVERVIEW
Slide 15: JD Mobile
JD Mobile oe Justdial cal Q. Search in Mumbai oe & » © Ee a B28 Doctors Travel Car Hire 6 88 v Ss Beauty Wedding sym Education Planning ®3 x a & Packers Repairs & Rent & Hire Jobs & Movers Services & e aj 8 loans Real Estate: PG/Hostel ‘Show More: List your business (779 Home Services > AC REPAIR &
Slide 16: JD Mobile
JD Mobile < General Physician Doctors... aea Link Road-Malad West, Mumba =o RMS MULTISPECIALITY HOSPITAL & ICU $#) 224 Roting $2 = Sortby Book Appointment —_ Available Now 28.7k Results for your search 4 Wenaing ® Laxmi Clinic 44 Ratings Evershine Nagar Malod West - 600 mts 48 Years in Healthcare Av
Slide 17: JD Mobile
JD Mobile < Qpr: < Enrich Beauty Qa: © The Neha Salon & Academy Overview Catalogue Locations Reviev LEER) 22 Ratings veritics shomuen Goregaon West, Mumbai » @ 8 min + 27 km Beauty Parlours « 36 Years in Business Sseiaee Open Now: until 8:30 pm Y Q unisex Women Hair Cut Starting at % 850 | Grooming
Slide 18: JD Mobile
JD Mobile <_ Mainland China a. — Uploaded By : Owner < Poco Loco Tapas & Bar eB. Reviews Services Quick Info Photos Raum KA Food (65) $B amviene: Q Ss All (152) tz Food (45) | Amb FGANG —LY}- BROTHERS Lic we _CallNow ff order online ff 800k a Table ‘\CallNow ff Order Online ff © Whatsapp ES Ca
Slide 19: Voice Search
Voice Search Listening... Mainland China restaurant < Qa Mainland China 146k Ratings verified yim Andheri West, Mumbai + @ 15 min + 5.0km Chinese Restaurants + 26 Years in Business 2 2100 Price for two ‘Opens at: 12:30 PMY {oO} V w 2 call WhatsApp Direction —Review _—Ediit Listing Overview Menu _ Lo
Slide 20: JD Website
JD Website Justdial Search across ‘5.9 Crore+’ Products & Services 2) Ranchi Search for Packer nd Mover (PENS WeareHiring Investor Relations —k Advertise Lb Free isting £Y Search book hote. a a Restauronts Hotels fi &a 6 /Hostels Estero Agent Wedding Requisites Bonquet Hells Repairs & Services ei &
Slide 21: JD Website
JD Website Justdial — 9 wumbai Poco Loco Tapas Bar Khar West xt@ Py Broads Ff vy susness) 2 @ Murreoi > Restourants in Mumba’ > Restauranes in Khar West > Poe loca Tope & Rar Add More Photo ga : P x © Poco Loco Tapas & Bar RESSRS WEreodisivtsices yh | 7) 6526 Rating Verified @ Claimed @ Khor West, M
Slide 22: JD Website
JD Website <_ Hilton in Domiur, Bangalore ~ Gallery ail(180) —Roorn (14) video (4) Exterior (4) interior (33) __Smimwming Poot (5) ining (14) Washroom (7) Food n Drink (14) re — Hilton 9 vensaop
Slide 23: Enhanced Ratings & Reviews System
Enhanced Ratings & Reviews System
Slide 24: Review Insights
Review Insights Key Insights ry What users liked {i What can be improved + The cate has a great and pleasant ambiance * Some customers mentioned that the customer service was disappointing, with arrogant and coreless staff '* The stoff is friendly and attentive members * The food is delicious and fl
Slide 25: JD Mart – Exclusive B2B Platform
JD Mart – Exclusive B2B Platform
Slide 26: JD Mart – Exclusive B2B Platform
JD Mart – Exclusive B2B Platform
Slide 27: JD Mart – Exclusive B2B Platform
JD Mart – Exclusive B2B Platform
Slide 28: JD Mart – Exclusive B2B Platform
JD Mart – Exclusive B2B Platform
Slide 29: JD Mart – Exclusive B2B Platform
JD Mart – Exclusive B2B Platform
Slide 30: Self-Sign-up for SMEs to start paid campaign
Self-Sign-up for SMEs to start paid campaign
Slide 31: JD Business – Dashboard for SMEs to manage campaigns
JD Business – Dashboard for SMEs to manage campaigns
Slide 32: Beyond Search: JD Shopping, Get quotes, Travel
Beyond Search JD Shopping Get quotes on Products Travel
Slide 33: Beyond Search: Flights, Bills & Recharge, JD Pay
Beyond Search Flights Bills & Recharge Jd Pay
Slide 34: Beyond Search: Stocks, Logistics, Get quotes
Beyond Search Stocks Logistics Get quotes
Slide 35: JD Xperts – One Stop Solution for On-Demand Services
JD Xperts – One Stop Solution for On-Demand Services
Slide 36: JD Omni – Cloud-Hosted Solution for Digitalizing Businesses
JD Omni – Cloud-Hosted Solution for Digitalizing Businesses
Slide 37: JD Homes
JD Homes < QA © Prime Property Consultant ER 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 FTF - call WhatsApp Enquiry —_—Direction Re Overview _—— Properties Reviews Service: Start a review So aUNe
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
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
Slide 40: Quarterly Unique Visitors (million)
TRAFFIC/ VISITORS Quarterly Unique Visitors (million) 198.0 197.7 200 191.2 191.3 193.2 181.3 180 171.7 171.1 165.9 160 140 120 100 80 60 40 20 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 41: Quarterly Unique Visitors split (million)
TRAFFIC/ VISITORS Quarterly Unique Visitors split (million) 200 180 160 140 120 169.0 164.4 167.9 172.5 100 154.5 166.2 147.9 141.2 144.7 80 60 40 20 20.8 20.4 23.4 21.4 17.9 19.1 20.1 19.4 19.7 0 5.9 5.6 5.6 6.3 5.6 5.4 5.0 5.9 5.5 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q
Slide 42: Ratings & Reviews (million)
USER ENGAGEMENT Ratings & Reviews (million) 175 151.4 152.6 153.7 154.7 147.0 148.0 149.1 150.3 150 145.8 125 100 75 50 25 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 43: Active Listings - period end (million)
D ATA E N R I C H M E N T Active Listings - period end (million) 60 51.2 48.8 49.7 50 47.5 44.9 46.2 43.6 41.6 40.2 40 30 20 10 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 44: Listings with Geocodes (million)
D ATA E N R I C H M E N T Listings with Geocodes (million) 40 35.9 34.8 35 32.7 31.8 30.8 29.5 30 28.5 26.4 25.3 25 20 15 10 5 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 45: Images in Active Listings (million)
D ATA E N R I C H M E N T Images in Active Listings (million) 250 239 227 231 216 207 198 200 188 176 165 150 100 50 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 46: Cumulative JD App Downloads (million)
MOBILE APPS Cumulative JD App Downloads (million) 45 40.7 41.4 39.0 39.9 40 38.2 36.4 37.3 35.0 35.8 35 30 25 20 15 10 5 0 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 47: Operating Revenue (Rs million)
REVENUE Operating Revenue (Rs million) 3,500 2,979 3,031 3,000 2,848 2,873 2,892 2,806 2,650 2,703 2,606 2,500 2,000 1,500 1,000 500 - 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 48: EBITDA (Rs million) & Margin %
O P E R AT I N G M A R G I N EBITDA (Rs million) & Margin % 900 36% 30.1% 29.8% 750 28.7% 28.8% 29.0% 28.7% 30% 26.1% 600 22.8% 24% 18.7% 450 871 18% 866 861 864 806 821 706 300 604 12% 488 150 6% - 0% 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 49: Expenses as % of Operating Revenue
COST STRUCTURE Expenses as % of Operating Revenue 100% 90% 2.5% 3.1% 2.4% 80% 2.2% 3.0% 2.1% 2.1% 2.1% 2.1% 1.9% 1.9% 10.1% 3.2% 9.9% 2.8% 2.9% 3.1% 3.2% 3.0% 2.5% 70% 9.7% 9.6% 9.9% 9.6% 9.8% 10.5% 10.7% 60% 50% 40% 71.2% 67.3% 30% 64.1% 61.6% 61.2% 60.2% 60.4% 60.4% 60.6% 20% 10% 0% 2Q FY24 3Q FY2
Slide 50: Other Income (Rs million)
OTHER INCOME Other Income (Rs million) 1,400 1,273 1,200 1,136 1,087 1,000 913 869 800 749 774 733 579 600 400 200 - 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 Note: Other Income primarily constitutes mark-to-market (MTM) gains on treasury portfolio, which can have high
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% 31.7% 1,250 30% 27.1% 1,000 22.5% 24% 1,541 1,576 1,596 750 18% 1,412 1,313 1,156 1,194 500 12% 920 718 250 6% - 0% 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 52: Active Paid Campaigns - period end
PA I D C A M P A I G N S Active Paid Campaigns - period end 700,000 613,290 617,340 623,970 591,650 598,430 601,080 600,000 583,690 560,830 566,955 500,000 400,000 300,000 200,000 100,000 - 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 53: Cash & Investments - period end (Rs million)
CASH AND INVESTMENTS Cash & Investments - period end (Rs million) 60,000 55,697 54,298 52,786 49,428 50,627 50,000 47,555 46,254 42,822 44,053 40,000 30,000 20,000 10,000 - 2Q FY24 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26
Slide 54: Sales Strength - Period End
SALES FORCE Sales Strength - Period End 12,000 11,532 10,906 9,980 10,184 10,103 10,176 10,077 9,816 9,765 10,000 4,841 4,487 8,000 3,707 3,754 3,866 3,932 3,919 3,771 3,764 6,000 1,745 1,705 1,574 1,532 1,574 1,538 1,568 1,566 1,523 4,000 4,946 4,714 4,535 4,694 4,744 4,478 4,633 4,689 4,740 2,000
Slide 55: 2Q FY26 Performance Summary
JUST DIAL LTD - 2Q FY26 (Quarter ended September 30, 2025) PERFORMANCE SUMMARY Metric Unit 2Q FY26 2Q FY25 YoY change 1Q FY26 QoQ change Operating Revenue (₹ million) 3,031 2,848 6.4% 2,979 1.8% Operating EBITDA (₹ million) 871 821 6.1% 864 0.7% Operating EBITDA Margin % 28.7% 28.8% -9 bps 29.0% -29
Slide 56: 2Q FY26 Performance Summary (Operating Metrics)
JUST DIAL LTD - 2Q FY26 (Quarter ended September 30, 2025) PERFORMANCE SUMMARY Metric Unit 2Q FY26 2Q FY25 YoY change 1Q FY26 QoQ change Unique Visitors (million) 197.7 198.0 -0.2% 193.2 2.3% - Mobile (million) 172.5 169.0 2.1% 167.9 2.7% - Desktop/ PC (million) 19.7 23.4 -15.9% 19.4 1.4% - Voice (m
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
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
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
Slide 60: Shareholding Pattern
S H A R E H O L D I N G P AT T E R N 6.50% 74.15% FOREIGN PROMOTER INVESTORS GROUP* 8.82% AS ON INDIVIDUALS SEP 30, 2025 10.53% DOMESTIC INVESTORS *Stake held by Promoter - Reliance Retail Ventures Limited (RRVL) = 63.84%
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