Dixon Technologies, a leading electronic manufacturing services provider, projects a margin improvement of 100-120 basis points over the next two to three years, fueled by higher value addition in its mobile component manufacturing. The company plans to increase the value addition in its mobile business from 17-18% to 35-36% during this period.
For the financial year 2024-25, Dixon is targeting revenues between ₹35,000 crore and ₹40,000 crore. Commenting on the outlook, Saurabh Gupta, CFO of Dixon Technologies, stated, “We achieved approximately ₹18,600 crore in revenue in the first half, and we anticipate a stronger performance in the second half. The first quarter was slightly slower, but significant ramp-ups in Q2 have positioned us for a robust finish to the year.”
Looking ahead to 2025-26, Dixon expects the mobile segment’s contribution to overall business to drop to 60-65% from the current 70%, supported by growth in the telecom and IT hardware sectors. As part of its diversification efforts, the company has started manufacturing fixed broadband devices in collaboration with Nokia, reflecting its strategy to expand into new segments. Dixon, which holds a market capitalization of ₹95,282 crore, has experienced significant growth, with its shares surging 193% over the past year.
Dixon Technologies is a leading Indian electronic manufacturing services (EMS) company, specializing in the production of consumer electronics, home appliances, lighting, mobile phones, IT hardware, and security devices. Established in 1993, the company has become a key player in India’s “Make in India” initiative, partnering with renowned global and domestic brands to deliver high-quality, cost-effective manufacturing solutions.
Dixon’s diversified portfolio, coupled with its focus on innovation, operational efficiency, and strategic partnerships, has driven its rapid growth. With a robust market presence and expanding capabilities in sectors like telecom and IT hardware, the company continues to strengthen its position as a trusted manufacturing partner while contributing significantly to India’s growing electronics ecosystem.
