Dixon Technologies (India) Ltd
Dixon Technologies (India) Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets over INR 1 lakh crore revenue in the next 3 to 4 years — management remains optimistic and committed to aggressive growth. Dixon Technologies is targeting over INR1 lakh crore revenue in the next 3 to 4 years, indicating aggressive growth plans.
From Dixon Technologies (India) Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets over INR 1 lakh crore revenue in the next 3 to 4 years — management remains optimistic and committed to aggressive growth.
- Mobile phones remain the largest growth trigger but there is also significant potential in IT hardware, telecom equipment, appliances, lighting, and industrial EMS segments.
- Mobile phone volumes are expected to be around 60-65 million units by FY '27-'28, with plans to scale camera modules to 160-170 million units and displays to 40-50 million units per annum.
- Q Tech segment anticipates hitting a run rate of INR 2,000 crores, with capacity expansion from 40 million units to nearly 180-190 million units in the near term.
- IT hardware business revenues expected to grow from INR ~1,500 crores (current year) to INR 3,500-4,000 crores next year.
- Lighting and appliances segments are expanding, with exports expected to rise benefiting from tariff reductions.
- Vivo JV expected to contribute 8-10 million units in FY '27, subject to PN3 regulatory approval timing.
- Overall growth visualized across multiple product lines and geographic expansions despite short-term supply chain and memory price challenges.
Profitability & Margins
See what Dixon Technologies (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY '26 capex of INR 1,100-1,200 crores planned, with INR 720 crores spent in first 9 months.
- Capex spread:
- - Display business: INR 1,100-1,200 crores for smartphones, automotive, IT hardware, and TVs.
- - Camera modules (Q Tech): INR 250-300 crores.
- New 4,000 sq. ft. facility at 74:26 JV for smartphones to start operations by Q2 FY '26-'27.
- Construction of 1 million sq. ft. facility in Noida (anchor customers) completing by Q1 FY '26-'27; mass production from Q2.
- Display modules facility at 74:26 JV near completion, initial capacity 24 million smartphones/year; trial from Q2 FY '26-'27.
- Setting up a new facility in Tirupati for 2G, 4G, and 5G phones targeting export markets.
- Expanding front-loading washing machine capacity (300,000 units/year) to start Q2 FY '26-'27.
- Expansion in refrigerator factory to 3 million units.
- Acquisitions and JVs in mobile phones and components ongoing, with committed aggressive growth plans.
Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Dixon Technologies (India) Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- IT hardware products revenue expected:
- - FY '26: Around INR 1,500 crores
- - FY '27: Estimated INR 3,500 to INR 4,000 crores (order book looks very healthy)
- Telecom business revenue guidance for the year: Close to INR 5,200 crores
- Mobile phone volumes under Vivo JV: Expected around 20 million units for FY '27 (subject to approval timing)
- Longcheer JV mobile volume guidance for FY '27: Around 8 to 10 million units
- Export business (Motorola) revenue in current fiscal: INR 4,000-4,500 crores (expected INR 5,500-6,000 crores by year-end)
- New customer discussions ongoing, expecting conclusion by Q1 of forthcoming fiscal
- Backlog/orders in component business and expansion projects indicate continued growth opportunities across multiple verticals, including industrial EMS, lighting, and appliances.
Dixon Technologies (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹10.5K Cr, net profit ₹298 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Dixon Technolog.'s management said in earlier quarters
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Frequently Asked Questions
What were Dixon Technologies (India) Ltd Q3 FY26 results?
The company targets over INR 1 lakh crore revenue in the next 3 to 4 years — management remains optimistic and committed to aggressive growth. Dixon Technologies is targeting over INR1 lakh crore revenue in the next 3 to 4 years, indicating aggressive growth plans.
What is Dixon Technologies (India) Ltd share price analysis?
Dixon Technologies (India) Ltd currently shows a neutral. The stock trades at a P/E of 46.0 with a market cap of ₹86,394 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dixon Technologies (India) Ltd planning capital expenditure?
FY '26 capex of INR 1,100-1,200 crores planned, with INR 720 crores spent in first 9 months. - Capex spread: - Display business: INR 1,100-1,200 crores for smartphones, automotive, IT hardware, and TVs. - Camera modules (Q Tech): INR 250-300 crores. - New 4,000 sq.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.