Revenues from its cell enterprise in Q1FY26 grew 125% on-year to Rs 11,663, whereas working revenue grew 131% on-year to Rs 395 crore. Dixon’s cell enterprise contributed 91% to its topline of Rs 12,838 crore.
Dixon’s EBITDA margins dropped by 10 foundation factors on-year to three.8% within the quarter ended June 2025. Web revenue for the quarter doubled on-year to Rs 280 crore.
The contract producer will begin making digital camera modules, and show assemblies by the top of this fiscal, with precision mechanical elements from the following fiscal, beneath the federal government’s Rs 22,000 crore electronics part manufacturing scheme, Dixon MD Atul Lall mentioned in an earnings name Tuesday.
Dixon has projected Rs 750-800 crores in capital expenditure for its digital camera modules and show meeting enterprise in FY26, with a further Rs 300-400 crores in increasing capacities in its core EMS (electronics manufacturing providers) enterprise.
The corporate is buying a majority stake within the India operations of Kunshan Q-Tech Microelectronics, among the many 5 largest digital camera module producers globally for Rs 400 crore. It has additionally fashioned a joint-venture with HKC for show meeting, with a facility preparing within the subsequent 45 days, Lall mentioned.Nevertheless, the three way partnership offers and acquisitions are at the moment pending approval beneath the federal government’s press observe 3, which mandates ministerial approval for investments coming from neighbouring international locations, particularly China.Lall mentioned the approval course of goes nicely for these offers.
Dixon expects a 15% sequential progress in orders forward of the festive season, and a lift in export volumes for its anchor buyer, Motorola to the US. The corporate can also be negotiating a big export alternative for one more world model, Lall mentioned.
For the present 12 months, exports are projected to achieve Rs 7000 crore, from Rs 1600 crore final fiscal if the export deal works out, with Lall projecting Rs 11,000 crore in exports by FY27.
The corporate has additionally began exporting to Africa, the place it sees a big alternative having been in a position to meet the price targets.
“The ASP (common promoting value) for export is sort of just like home ASP however exports have some ramp up necessities whereby we have now to speculate extra within the organisation. So whereas the margin ranges are lastly going to be comparable, initially the prices are going to be extra,” Lall mentioned.
Dixon can also be increasing its high administration with extra expertise because it expands aggressively into newer classes.
The corporate appointed a vp of technique and digital transformation, and one other high govt to go the part enterprise. “Now we have employed an professional from Taiwan who heads our show manufacturing enterprise, and a Korean professional who head our R&D for laundry machines and home equipment,” Lall mentioned.
