DIXON

India’s largest EMS (Electronics Manufacturing Services) player Manufactures for brands like Samsung, Xiaomi, Motorola, etc. Key segments: Mobile manufacturing (fastest growing) Consumer electronics & appliances Lighting, wearables, IT hardware 👉 Strong beneficiary of Make in India + PLI scheme Revenue growth strong (Q2 FY26 29–33% YoY) Profit growth very strong (70–80% YoY) FY25 revenue ₹38,800 Cr (sharp jump vs past years) 👉 Growth is volume-driven, especially in mobile segment Structural Growth Story India becoming global manufacturing hub Electronics demand rising Dixon is a front-runner in EMS space 2. Mobile Segment Explosion Contribution increased significantly (major revenue driver) 3. Backward Integration Display modules, camera modules Expected to improve margins going forward 4. Strong Order Book + Clients Works with global brands → stable demand visibility