Just Dial Q1 Review - Operating Margin Remains Weak: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Overall, Just Dial Ltd. reported mixed performance for the quarter. While revenue growth was inline, the operating margin for the quarter was below expectation. The pickup in sequential revenue has been achieved with higher investment in sales; and focus on monthly plans. The pickup in the addition of paid campaigns is expected to remain robust in near to medium term. We expect that Just Dial's Ebitda margin would remain subdued in FY23 before picking up in FY24 as it invests in sales network and content enrichment to put the core business-to-consumer business back on growth trajectory. The B2C segment continues to face high competition from Google, Facebook and other vertical and horizontal players. The B2B segment is being scaled up and the current focus is to invest in better quality content that will drive traffic flow, leading to better monetisation. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Just Dial Q1 Review - Operating Margin Remains Weak: Yes Securities

Just Dial Q1 Review - Operating Margin Remains Weak: Yes Securities

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