Dixon Technologies (India) Ltd
Dixon Technologies (India) Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Mobile Phones: Targeting volume ramp-up to 60-65 million units in FY'27 from around 43-44 million units in FY'26, driven by anchor customers and export growth, especially to North America and Africa. Dixon Technologies expects significant margin expansion driven by higher-margin component business and backward integration strategies. - CAPEX for FY'25-'26 is targeted around Rs.
From Dixon Technologies (India) Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Mobile Phones: Targeting volume ramp-up to 60-65 million units in FY'27 from around 43-44 million units in FY'26, driven by anchor customers and export growth, especially to North America and Africa. Monthly order book for smartphones currently at 3.3 to 3.5 million units.
- Backward Integration & Automation: Focus on efficiency, automation, and backward integration to drive volume growth and margin expansion.
- Exports: Expects exports of 10-12 million units in FY'26 with potential upside beyond current guidance driven by North America and Africa markets.
- Consumer Electronics & Appliances: Expand capacity in refrigerators from 1.2 million to 2 million units with 50% growth expected in FY'26. Debut in additional home appliance categories like fully automatic front loaders and robotic vacuum cleaners.
2 more points from Dixon Technologies (India) Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Dixon Technologies (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY'25 CAPEX was around Rs. 900 crores; expected similar in FY'25-26 (~Rs. 900-1,000 crores) supported by cash flows and credit lines (Atul Lall, p18).
- Construction of new 1 million sq ft factory in Noida for mobile manufacturing underway (p5).
- Setting up display module facilities with HKC partnership; initial capacity 2 million displays/month, to be enhanced to 4 million; also 2 million laptop displays (p4-5, 13).
- Plans for backward integration under ECMS for components like camera modules, lithium-ion batteries, enclosures; discussions ongoing with technology partners (p4-5, 18).
- Expansion of refrigerator production capacity from 1.2 million to 2 million units per annum, with plans to launch additional cooling products (p5).
- New Noida facility for telecom products operational; capacity doubled for 5G fixed wireless access devices; expanding manufacturing for non-CPE and network equipment (p6).
2 more points from Dixon Technologies (India) Ltd's call on capex
Pro opens every point from 15K+ earnings calls
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
- Mobile Phones: Order book is very healthy with combined volume around 3.3 to 3.5 million per month from current quarter; targeting 40-43 million units for FY'26 and 60-65 million units for FY'27.
- Telecom & Networking Products: Noida facility operating optimally; increased order book for anchor customer; capacity doubled for 5G fixed wireless access devices; new IPTV box models launching from Q2.
- Laptops & Tablets: Mass production commenced in Chennai for HP, ASUS; Lenovo ramped to ~30,000 units/month; entering 60:40 JV with Inventec; finalizing manufacturing facility.
- Display Modules: Facility under construction in partnership with HKC focusing on mobile & IT hardware; mass production expected soon.
2 more points from Dixon Technologies (India) Ltd's call on order book
Pro opens every point from 15K+ earnings calls
Dixon Technologies (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹10.5K Cr, net profit ₹298 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Dixon Technologies (India) Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Consumer Durables this season
- T B Z (Q4 FY25)
Q4 FY25 revenue from operations: ₹5,293.43 million, a 4.51% increase YoY (Q4 FY24: ₹5,065.17 million) (Page 9, Page 8). Key concall takeaways from Tribhovandas…
- Wonder Electric. (Q4 FY25)
Q4 FY25 Revenue from Operations: ₹312.03 Crores, up 20.75% YoY from ₹259.29 Crores in Q4 FY24 (Page 11, 8). Key concall takeaways from Wonder Electricals Ltd's…
- Asian Granito (Q4 FY25)
Q4FY25 Revenue from Operations: ₹471.62 crore, up 11% YoY (from ₹423.63 crore in Q4FY24) [Page 12]. Key concall takeaways from Asian Granito India Ltd's Q4…
- Symphony Ltd (Q4 FY25)
ROCE on core capital employed, excluding Australia and Mexico, stood very high historically (583% EBITDA/Capital Employed as of Dec 2024), indicating improved…
Arthneeti Pro · Annual
Dixon Technologies (India) Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Dixon Technologies (India) Ltd Q4 FY25 results?
Mobile Phones: Targeting volume ramp-up to 60-65 million units in FY'27 from around 43-44 million units in FY'26, driven by anchor customers and export growth, especially to North America and Africa. Dixon Technologies expects significant margin expansion driven by higher-margin component business and backward integration strategies. - CAPEX for FY'25-'26 is targeted around Rs.
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'25 CAPEX was around Rs.
Keep Dixon Technologies (India) Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.