Kotak Inst Eqt on Just Dial
Buy, TP Rs 1175
Just Dial recently announced changes to its management team, with Dinkar Ayilavarapu taking over as the CEO of the company from VSS Mani
Believe that new management is looking to
(1) sharply increase its focus on merchant acquisition and RoI by enhancing new product launches,
(2) drive higher growth in collections from B2B business
(3) focus on other verticals where there is limited/no competition.
These steps may revive collections growth, which was subdued at 1.6% yoy in FY2026.
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