Dixon Technologies (India) Revenue History — Quarter by Quarter

Dixon Technologies (India)'s revenue moved from ₹3,272 Cr in Q1 FY24 to ₹10,511 Cr in Q4 FY26, a 221.2% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹10,511 Cr	—
Q3 FY26	₹10,672 Cr	+2.07%
Q2 FY26	₹14,855 Cr	+29%
Q1 FY26	₹12,838 Cr	+95%
Q4 FY25	₹10,293 Cr	+120%
Q3 FY25	₹10,461 Cr	+117%
Q2 FY25	₹11,528 Cr	+133%
Q1 FY25	₹6,588 Cr	+101%
Q4 FY24	₹4,675 Cr	+52%
Q3 FY24	₹4,821 Cr	+100%
Q1 FY24	₹3,272 Cr	+15%

What management said about revenue

Q4 FY26 · FY27 revenue target of INR 56,000 crores (ex-Vivo)

Management targets ~15-17% revenue growth to INR 56,000 crores in FY27, excluding any Vivo contribution.

Q4 FY26 · IT hardware revenue to exceed INR 4,000 crores in FY27

IT hardware segment expected to grow 3x to over INR 4,000 crores, driven by laptop/tablet/desktop orders and Inventec JV.

Q4 FY26 · Telecom revenue target of INR 7,500-8,000 crores in FY27

Telecom segment to grow from INR 5,000 crores to INR 7,500-8,000 crores, led by microwave radio exports and design-led partnerships.

Q3 FY26 · Camera module capacity expansion to 190-200 million units

Q Tech to expand camera module capacity from 40 million to 190-200 million units per annum over the next couple of years.

Q3 FY26 · IT hardware revenue target of INR 3,500-4,000 crore for FY27

IT hardware revenue expected to grow to INR 3,500-4,000 crore in FY27 from ~INR 1,500 crore in FY26, driven by strong order book.

Q2 FY26 · Mobile volumes of 55-60 million units in FY27

Management expects mobile phone volumes to reach 55-60 million units in FY27, driven by Vivo JV ramp-up and new ODM partnership.

Q2 FY26 · IT hardware revenue target of INR 1,200-1,300 crore in FY26

IT hardware segment is expected to generate INR 1,200-1,300 crore revenue in FY26, with a JV with Inventec operational by Q1 FY27.

Q2 FY26 · Telecom business to reach ~$1 billion in a couple of years

Telecom segment, including new US radio order, is expected to grow to approximately $1 billion in revenue within two years.

Q1 FY26 · FY26 mobile volume target of 42-43 million units

Management reiterated the target of 42-43 million mobile phone units for FY26, excluding Vivo JV volumes.

Q1 FY26 · Q2FY26 smartphone volume growth of at least 15% QoQ

Order books for Q2 indicate at least 15% sequential growth in smartphone volumes, driven by festive season and export ramp-up.

Q4 FY25 · Smartphone volume target FY26: 43-44 million units

Management guided for smartphone volumes of 43-44 million units in FY26, up from 28.3 million in FY25.

Q4 FY25 · Smartphone volume target FY27: 60-65 million units

Targeting 60-65 million smartphone units in FY27, including 18-20 million from Vivo JV.