Justdial Posts ₹166 Cr Profit In Q1, CEO VSS Mani To Step Down After 30 Years

Digital classifieds platform Justdial’s net profit rose a meagre 4.1% to ₹166 Cr in the first quarter (Q1) of fiscal year 2026-27 (FY27) as against ₹159.6 Cr in the year-ago quarter. On a sequential basis, the company’s PAT zoomed 66.2% from ₹100 Cr.

Meanwhile, operating revenue increased 9.9% YoY and 6.6% QoQ to ₹327.5 Cr in Q1 FY27. Including other income of ₹131.5 Cr, Justdial’s total income for the quarter under review stood at ₹458.9 Cr.

Meanwhile, total expenses rose 11.5% to ₹252.3 Cr in the quarter under review as against ₹226.2 Cr in Q1 FY26.

In a statement, the platform said that its “operating” EBITDA for the quarter under review rose a meagre 1.1% YoY to ₹87.4 Cr, while “operating” EBITDA margin plummeted 233 basis points (bps) YoY to 26.7%. 

“We started FY27 on a strong note, with revenue growing 6.6%QoQ, our fastest sequential growth in a decade outside the post-COVID recovery period. This performance reflects focused execution across our core business, alongside sustained investment in technology capabilities that are now translating into tangible outcomes,” said Justdial chief growth officer Shwetank Dixit.

On the operational front, Justdial’s total traffic (unique visitors) stood at 19.3 Cr in Q1 FY27, down 0.2% YoY but up 5.8% QoQ. Of this, 86.5% (16.7 Cr) originated from mobile platforms, while the remaining 10.6% (2.1 Cr) and 2.9% (56 Lakh users) came from desktops and the voice platform, respectively.

Total active listings hovered around the 5.6 Cr mark at the end of June 2026, an increase of 13% YoY and 2.7% sequentially. The company claimed 14.7 Lakh listings were added to its database during the quarter under review. Of the total listings, 4.2 Cr listings were geocoded by the end of Q1 FY27, up 19.7% YoY.

Top-Level Rejig At Justdial

Besides announcing its financial performance, the Reliance Retail-backed internet giant also announced the departure of cofounder VSS Mani after a 33-year long tenure. He will step down as the chief executive and managing director of the company on July 31. 

Mani has been at the helm of affairs of Justdial since it was founded in 1993. He continued to be the company’s top executive even after Reliance Retail acquired a majority stake in the platform for ₹3,497 Cr in 2021. This marks a change of guard at Justdial as it juggles stagnant sales, plateauing traffic, and losing traffic to apps like Google, Zomato (for food) and Practo (for doctors).

Meanwhile, Justdial’s board has approved the appointment of former Flipkart executive Dinkar Ayilavarapu as its new chief executive officer (CEO). Ayilavarapu, who will also become a key managerial personnel (KMP) of the company, will take charge as the new chief executive on August 1. 

An alumnus of IIM Calcutta, Ayilavarapu counts more than two decades of experience under his belt and has served at platforms like Flipkart Wholesale, Accenture, Bain & Company, among others. 

Justdial also announced the appointment of Dinesh Taluja as the new chief financial officer (CFO) and KMP of the company, effective July 11. Ahead of his appointment, Taluja resigned as the non-executive director on the company’s board on July 10. 

This comes a few months after Abhishek Bansal stepped down as the CFO of Justdial after a nearly twelve year-long stint to pursue opportunities outside the company. 

Shares of Justdial ended Friday’s trading session 3.42% higher at ₹564.6 on the BSE.

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