Just Dial reported a continued deceleration in top-line growth as weak macro & adverse mix pressured campaign growth and realizations. JD is addressing the slowdown by offering monthly payment plans to advertisers, optimizing sales and advertising efforts etc. Traffic trends were up 17% YoY but declined 3% QoQ.
PAT grew at 8% YoY at Rs.620mn due to lower tax rates while PBT excluding other income was up 11% YoY.
JD has leadership in local search, focused execution on core capabilities and its traffic trends are quite robust.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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