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Informist, Tuesday, May 12, 2026

--Dixon Tech: See higher QoQ growth in mobile phones Q1 onwards 

--CONTEXT: Comments by Dixon Tech's mgmt in post-earnings analyst call 

--Dixon Tech: Expect more than INR 40 bln revenue in FY27 from IT pdts 

--Dixon Tech: Expect 12-15% on-year volume growth in Apr-Jun 

--Dixon Tech: No shortage of chips in mobile phone making 

--Dixon Tech: Cost of mobile phone chips have risen, inflating prices 

--Dixon Tech: Target INR 560-billion revenue from mobile phone making FY27 

By Avishek Rakshit & Prateem Rohanekar

KOLKATA/MUMBAI – Despite global headwinds induced by the West Asia crisis, Dixon Technologies (India) Ltd. is looking at aggressive growth in its cellphone making business and information technology hardware business in the current financial year, a top company official said Tuesday. 

"We expect a higher double digit growth quarter on quarter in the smartphones volume along with growth in selling prices by 12 to 15%," Atul B. Lall, managing director and vice chairman of Dixon Technologies, told sector analysts in a post-earnings call. 

Lall said the cell phone industry has seen some headwinds from memory price inflation and demand moderation in the last six months. However, over the past few weeks, supply demand dynamics have become more balanced and the company is beginning to see an improvement in customer ordering pattern.

Lall said that Dixon is not faced with a chip shortage as it is widely being speculated and said across the globe. However, the West Asian crisis, which is causing a global financial crisis, has led to increased chip costs which has inflated prices.

"Next year, we are targeting almost 56,000 crores (INR 560 billion) without the Vivo (mobile phone brand) numbers and mobile volume being flat. If Vivo comes in, then it's a very major trigger. So, we feel that without Vivo also, the company will keep growing at almost 15 to 17%," Lall said. 

Vivo is a major cell phone maker procuring from India and sells smartphones in India. During the year ended March, Dixon Technologies' top line from the mobile phone division grew 34% on year to INR 442 billion and the overall revenue increased 28% on year to around INR 496 billion. 

Lall said Dixon Technologies has commenced manufacturing of highly complex telecom backward microwave radios and plan to initiate exports in this fiscal year. 

"We have commissioned a new manufacturing plant for capacity expansion and increased the housing area to support the growth trajectory," he said. 

Lall said that business from the company's IT products division looks "healthy" and the company has created more capacities to drive growth. "We see that our revenue in this fiscal (year) is going to be more than 4,000 crores (INR 40 billion," he said.

On Tuesday, shares of Dixon Technologies closed nearly 6% lower at INR 10,138 on the National Stock Exchange.  End

Edited by Avishek Dutta

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