Dixon Technologies (India)

Dixon's Q4Current reported value: 4. No comparable prior figure is available in the source record. FY26 revenue came in at INR 10,520 croresCurrent reported value: INR 10,520 crores. No comparable prior figure is available in the source record. with EBITDA of INR 418 croresCurrent ₹418 crore vs previous available quarter ₹421 crore. and PAT of INR 192 croresCurrent reported value: INR 192 crores. No comparable prior figure is available in the source record., reflecting a flat quarter due to geopolitical headwinds, softer consumer demand, and memory price inflation impacting the mobile and IT hardware segments. Full-year revenue grew 26% YoYCurrent reported value: 26% YoY. No comparable prior figure is available in the source record. to INR 48,893 croresCurrent reported value: INR 48,893 crores. No comparable prior figure is available in the source record., driven by telecom and lighting JV strength. Management expects mobile volumes to remain flat ex-Vivo, but a 12-15% ASP upliftCurrent reported value: 12-15% ASP uplift. No comparable prior figure is available in the source record. from memory pass-through should support revenue growth. Key growth drivers include IT hardware (targeting INR 4,000+ croresCurrent INR 4,000+ crores. Reported change: 3x YoY. in FY27), telecom (targeting INR 7,500-8,000 croresCurrent INR 7,500-8,000 crores. Reported change: +50-60% YoY.), and backward integration via camera module and display JVs. Margins face near-term pressure from PLI expiry, but component forays should add 40-50 bps over time. Risk: Vivo JV approval remains delayed, capping a major volume catalyst.