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Informist, Thursday, Jan. 29, 2026

--Dixon Tech: Will keep investing in backward integration 

--CONTEXT: Dixon Tech management's comments in post-earnings analyst concall 

--Dixon Tech: Confident of building export business, in talks with customers 

--Dixon Tech: Expect factory with Vivo JV to be operational by Q1 FY27 

By Arya S. Biju and Shruti Nair

MUMBAI – Dixon Technologies Ltd. expects to operationalise its factory in Noida under its joint venture with Vivo Mobile India by the end of the June quarter of the next financial year, Atul B. Lall, chief executive officer and managing director of the company, said in post-earnings call with analysts and investors. The facility, which is under contruction, is expected to initially have a capacity of 18 million units, he said. 

The company also said that it was close to finalising the joint venture with the Chinese phone manufacturer Vivo and expect it to "happen shortly". Dixon Tech had entered into a binding term sheet with Vivo India to set up the joint venture to make electronic devices as an original equipment manufacturer in December 2024. However, the company is yet to recieve PN3 approval for the joint venture. It is also awaiting the PN3 approval for its joint ventures with Chinese HKC Corp. for manufacturing displays. 

PN3 approval is a compulsory multi-ministry clearance that companies operating in neighbouring countries like China need to get in order to make investments in India, including joint ventures. The company remains confident in getting this approvals, Lall said.  

Further, the company said it was confident in building its export business and is currently in talks with customers. Going forward, the company will continue to "focus on building scale, bringing operational efficiency, extending relationship with customers, focusing on backward integration, and diversification ...to navigate the environment," Lall said.  

Earlier, in the day, the company had reported consolidated net profit of INR 2.87 billion for the December quarter, up nearly 68% on year. This was better than the INR 2.01 billion estimated by the Street. The company's consolidated revenue for the quarter grew over 2% on year to INR 106.72 billion, below the INR 113.23 billion estimated by the Street. Ahead of the earnings, shares of the company closed around 1% higher at INR 10,337 on the National Stock Exchange.  End

Edited by Akul Nishant Akhoury

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