Dixon Technologies (India)540699Electronics manufacturing services
Dixon posted a decent quarter with revenue beat but margins at multi-quarter low, driven by mobile and EMS segment growth
By ScoutQuest · · 1 min read
- Revenue growth
- 47 percent
- Poll revenue growth estimate
- 36 percent
- Mobile and EMS segment growth
- 50 percent
- Gross margin
- 5.1 percent
- Gross margin decline
- 200 basis points
Heard on business television between 08:34:05 - 08:37:05 IST.
- Revenue growth stood at 47% versus poll estimate of 36%, driven by mobile and EMS segment growth of nearly 50%.
- Gross margins fell nearly 200 basis points to 5.1%, a multi-quarter low, under pressure across the industry.
- EBITDA margin fell 110 basis points to 2.7% versus poll estimate of 2.9%; mobile segment down 100 bps, consumer electronics down 50 bps, home appliance down 340 bps to 8.3%.
- Adjusted PAT grew nearly 36% YoY.
- Smartphone volumes were 9.7 million in Q2 and 17.2 million in H1 FY27, despite a 26% YoY fall in the India smartphone market in Q2.
- Company guided FY27 volume of 33-34 million units, with Q3 guided at 7 to 7.5 million; Jefferies said the stock trades at a rich 48 times forward PE.
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Source: Live TV News Channel · 2 Nov 2026
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