Dixon Technologies (India) Limited — Investor Meet, 15-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dixon Technologies reported FY26 revenues of INR 48,893 Cr (+26%) and PAT of INR 845 Cr (+20%). Q4 revenues were flat due to geopolitical concerns and inventory rationalization. For FY27, Dixon targets INR 56,000 Cr revenue (excluding Vivo), anticipating flat mobile volumes but 12-15% price growth. Margins face near-term pressure from PLI phase-out but expect expansion from backward integration (camera, display modules starting Q4 FY27), IT hardware (3x growth), and Telecom (high double-digit growth). Management is deeply engaged on Vivo approval, which could add 20-22M units. The company is also exploring high-margin specialty EMS. Overall sentiment is confident.