Just Dial Limited stands as the undisputed market leader in India's local search engine segment, providing essential local search-related services to users across the nation through a platform-agnostic approach. The company's core business revolves around search engines in India, offering a comprehensive suite of local search, search-related, and software services accessible via the internet, mobile internet, telephone, and text.
Established in 1996 by Mr. VSS Mani (MD & CEO), Just Dial has evolved into a crucial one-stop destination for all search and transaction-related needs of Indian consumers, spanning across diverse sectors and geographical regions. What began as a provider of local search information services has successfully positioned itself as India's No. 1 player in this category.
A significant turning point in Just Dial's journey occurred on September 1, 2021, when Reliance Retail Ventures Limited acquired sole control of the company. Reliance Retail's strategic investment involved acquiring a controlling stake of 66.95% for Rs 3,497 crore, making it a substantial stakeholder in the 25-year-old Indian search and discovery firm.
Under the ownership of Reliance, Just Dial has undergone a profound transformation. The company has strategically shifted its focus from being solely a provider of local search and information to becoming a key enabler of transactions. Driven by a commitment to digitization and tech intensity, Just Dial aims to deliver an equitable share of voice in the digital space to Indian businesses. A recent and significant development is the launch of JD Mart, the country's latest B2B platform, accessible through both its website and dedicated apps.
Just Dial boasts a robust operational footprint with approximately 12,000 employees engaged in telesales, marketing, and on-ground activities. These dedicated professionals are deployed across more than 250 cities, covering over 11,000 pin codes throughout India. The company derives approximately 70% of its revenue from its operations in the top 11 metropolitan cities, including Mumbai, Ahmedabad, Hyderabad, Kolkata, Bengaluru, Chennai, and Delhi, among others. Its central technology and research and development division is strategically located in Bengaluru.
The company's multi-platform service offering is comprehensive, encompassing its dedicated App (available on Android and iOS), a mobile-optimized website, a desktop/PC interface, and services accessible via voice and text. Just Dial operates as India's premier Local Search engine, diligently providing localized service information to users through various channels. These include its mobile applications (Android & iOS), mobile website (M-site), desktop website, a pan-India toll-free voice service (88888-88888), and SMS-based services.
Just Dial offers a diverse range of products and services designed to cater to both consumers and businesses. The JD App serves as a unified solution, providing business discovery services that include user ratings, location-based search functionalities, immersive 360-degree views, and access to information on movies, news, sports, stocks, and an augmented reality-based listing finder. Complementing these are the JD Ratings tool and the JD Business App, which empowers businesses to manage their listings effectively. A significant addition is JD Mart, a dedicated B2B marketplace catering to the procurement needs of micro, small, and medium enterprises.
Further enhancing its ecosystem, JD Omni provides an end-to-end business management solution specifically tailored for SMEs. JD Pay facilitates quick and seamless digital payments for both users and vendors. Additionally, the company's social media platform, JD Social, enables businesses to share curated content and engage with their audience.
Just Dial has consistently demonstrated strong financial performance in recent years. As of Q4 FY25, the platform recorded an impressive 191.3 million quarterly unique visitors, marking an 11.8% year-on-year growth. The total number of business listings reached a significant 48.8 million by the end of FY25.
Recent data indicates a market capitalization of ₹7,982 crore as of May 13, 2025. The company reported a revenue of ₹1,142 crore and a profit of ₹584 crore for FY25. This fiscal year saw a substantial 61% increase in Just Dial's net profit, reaching ₹584.2 crore.
Just Dial achieved its "highest-ever quarterly revenue" in Q3 FY25, amounting to Rs 287.33 crore, surpassing the previous record of Rs 265.05 crore from the same quarter in the preceding year, signifying an 8.4% growth. The EBITDA margin also saw a notable surge to 30.1% in Q3 FY25, compared to 22.8% in Q3 FY24. The EBITDA for the December quarter stood at Rs 86.6 crore, demonstrating a robust growth of 43.4%.
In its Q3 results for FY25, the company reported a significant 42.7% year-on-year increase in its consolidated net profit, which grew to Rs 131 crore in the December-ended quarter, up from Rs 92.01 crore during the corresponding period last year.
- Market Cap: ₹7,982 crore (as of May 13, 2025)
- Revenue Growth: The company's consolidated revenue in FY23 stood at ₹986.67 crore, an increase from ₹769.11 crore in FY22.
- Debt Position: The company is almost debt-free.
- Promoter Holding: 74.2%
- P/E Ratio: 13.14
- P/B Ratio: 1.67
Shwetank Dixit, Chief Growth Officer at Justdial, stated, "FY25 has been a landmark year for Justdial -- not just in terms of financial performance, but also in how we have transformed local business engagement. With Generative AI integration, enriched listings, and a sharpened focus on user and merchant experience, we have laid the groundwork to sustain our long-term growth. As we step into FY26, our confidence in delivering sustained value to users, merchants, and shareholders remains stronger than ever."
In Q4 of FY25, growth was primarily propelled by well-executed merchant acquisition strategies, which facilitated deeper market penetration in both urban and semi-urban areas. Just Dial continues to leverage its dominant position as India's leading local search platform while strategically expanding its digital services portfolio under the guidance of Reliance.
Just Dial Ltd is a publicly traded company listed on the NSE stock exchange. Its stock symbol is JUSTDIAL. The company is also listed on the BSE with the identifier 535648. The ISIN for Just Dial Ltd is INE599M01018.
