Just Dial Q4 Review - Pickup In Growth At The Cost Of Operating Margin: Yes Securities

BQ Blue’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 BloombergQuint’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 in-line, 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. We expect that operating margin would remain subdued in FY23 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 business-to-business segment is being scaled up and the current focus is to invest in better quality content that will drive traffic flow and monetisation. We estimate revenue compound annual growth rate of 26.0% over FY22‐FY24E with average Ebit margin of 18.7%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Just Dial Q4 Review - Pickup In Growth At The Cost Of Operating Margin: Yes Securities

Just Dial Q4 Review - Pickup In Growth At The Cost Of Operating Margin: Yes Securities

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