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VIJAY KUMAR GUPTA

10th Aug · SEBI-Registered Analyst

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins compressed to around 3%,

DIXON
Revenue Profile: Consolidated revenue for the June 2026 quarter reached ₹16,076 crores, marking an approximate 25% year-on-year growth driven largely by its mobile manufacturing ***** Profit Momentum: Net profit (Profit After Tax) spiked significantly over the previous year, supported by solid volumes and high other income ***** Pressures: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins compressed to around 3%, trailing historical averages. Brokerages attribute this tightening to raw material cost inflation, higher memory prices, and gaps in immediate smartphone Production Linked Incentive (PLI) ***** Business SegmentsMobile Phones & EMS: Accounts for approximately 90% of overall company revenue. Dixon serves as the local manufacturing anchor for major brands like Samsung, Xiaomi, and ***** Electronics: Prominently handles the production and assembly of LED televisions and smart display ***** Solutions: Holds roughly a 25% market share in India's consumer lighting market, executing contract orders for companies including Signify (Philips), Havells, and ***** Appliances: Dedicated production lines for semi-automatic and fully automatic washing ***** & Specialized EMS: Includes the assembly of CCTV security systems, wearables, and air conditioner ***** Strategic Growth DriversVivo Joint Venture: Dixon is finalizing a 51:49 joint venture with Vivo Mobile India to handle the Chinese smartphone giant's local production footprint.

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