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Earnings Call

Dixon Technologies (India) Earnings Call: Key Takeaways

Dixon reported 26% YoY revenue growth for FY26 but faced Q4 stagnation in mobile and IT segments due to high memory prices and geopolitical headwinds.

Highlights
Revenue growthFY26 revenue up 26% YoY to ₹48,893 crore.
MarginsPressure from PLI expiration; looking to offset via component manufacturing.
Order bookRobust order book for smartphones and IT hardware segments.
Demand visibilitySoft consumer demand in Q4; improvement expected in FY27.
Management confidenceCautiously optimistic; focusing on backward integration to protect margins.

Growth

FY26 Revenue grew 26%, PAT 20%. Growth led by telecom and washing machines, offset by flat mobile volumes.

Outlook

Targeting ₹56,000cr revenue in FY27 excluding Vivo; SSD manufacturing starting Q2 FY27; mobile exports starting soon.

Risks

Input cost inflation in memory chips and semiconductors squeezing margins; high client concentration risk in mobile JV.

Source

Earnings Call filed with NSE, NSE: DIXON. Summary written with AI assistance from the document.

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Dixon Technologies (India) Ltd: key numbers

Share price
₹13,390.00
Market cap
₹81,907 Cr
Revenue (annual)
₹48,873 Cr
Net profit (annual)
₹1,439 Cr
P/E (TTM)
43.6×Sector 45.9×
Promoter holding
28.55%-0.13% QoQ
FII holding
17.87%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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