Results · Professional & Local Services

Justdial Q1 profit up 4.1%, CEO steps down

By Startup Enthusiast · 11 July 2026

What they do

Justdial runs a local search and listings platform for businesses and services

Q1 FY27 net profit rose 4.1% to ₹166 Cr; operating revenue grew 9.9% to ₹327.5 Cr

Co-founder VSS Mani steps down as CEO after 33 years; former Flipkart executive Dinkar Ayilavarapu takes over

Justdial reported its Q1 FY27 financial results.
Net profit (profit after tax) was ₹166 Cr, up 4.1% year-on-year from ₹159.6 Cr.
Sequentially, net profit jumped 66.2% from ₹100 Cr in the previous quarter.
Operating revenue (revenue from core business) stood at ₹327.5 Cr, up 9.9% YoY and 6.6% quarter-on-quarter.
Total income, including other income of ₹131.5 Cr, was ₹458.9 Cr.
Total expenses rose 11.5% YoY to ₹252.3 Cr.
Operating EBITDA (earnings before interest, tax, depreciation, and amortisation from core operations) was ₹87.4 Cr, up 1.1% YoY.
Operating EBITDA margin (profitability as a percentage of revenue) was 26.7%, down 233 basis points (2.33 percentage points) YoY.

Co-founder VSS Mani is stepping down as CEO and managing director on July 31 after a 33-year tenure.
New CEO Dinkar Ayilavarapu, a former Flipkart executive with over 20 years of experience, takes charge on August 1.
New CFO Dinesh Taluja was appointed effective July 11, replacing Abhishek Bansal who stepped down after nearly 12 years.
Justdial faces stagnant sales, plateauing traffic, and losing traffic to competitors like Google, Zomato (food), and Practo (doctors).

Justdial is a local search and listings platform that helps users find businesses, services, and products nearby.
It operates through mobile app, desktop website, and voice platform.
As of June 2026, it had ~5.6 crore total active listings, up 13% YoY.
It added 14.7 lakh listings in Q1 FY27.
Geocoded listings (listings with precise location data) reached 4.2 crore, up 19.7% YoY.
Total traffic (unique visitors) in Q1 FY27 was 19.3 crore, down 0.2% YoY but up 5.8% quarter-on-quarter.
Mobile traffic accounted for 86.5% of total traffic (16.7 crore users).
Desktop traffic was 10.6% (2.1 crore users), and voice platform traffic was 2.9% (56 lakh users).

New CEO Dinkar Ayilavarapu will take charge on August 1 to lead the company.
New CFO Dinesh Taluja will oversee financial operations.

Reliance Retail (majority stakeholder) — Acquired a majority stake in Justdial for ₹3,497 Cr in 2021.