13-May-2026      12:39

Dixon Technologies jumps on Vivo JV optimism despite muted Q4

During the company's Q4 earnings call, Dixon managing director and CEO, Atul Lall, said the company was 'deeply engaged with the government' and remained 'very, very close' to securing approvals for its proposed partnership with Vivo. He added that Vivo sold around 35 million units last year and the proposed JV could add around 20'22 million units annually over time.'

On Tuesday, Dixon Technologies (India) reported a 35.91% decline in consolidated net profit to Rs 297.97 crore on a 2.12% increase in revenue from operations to Rs 10,510.51 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) tanked 35.81% YoY to Rs 369.76 crore during the quarter.

EBITDA rose 9% to Rs 493 crore in Q4 FY26, compared with Rs 454 crore in Q4 FY25. EBITDA margin improved to 4.7% in Q4 FY26 as against 4.4% in Q4 FY25.

In Q4 FY26, revenue from the Mobile & Other EMS Division stood at Rs 9,485 crore (up 4.21% YoY), while Home Appliances was at Rs 329 crore (up 8.94% YoY), and Consumer Electronics & Appliances (LED, TV & Refrigerator) stood at Rs 956 crore (up 1.16% YoY).

Dixon Technologies (India)'s board recommended a final dividend of Rs 10 per equity share of face value Rs 2 each for FY26. The dividend, if approved by shareholders at the ensuing 33rd AGM, will be credited/dispatched within 30 days from the date of the AGM.

Dixon Technologies (India) is a design-led solutions provider engaged in manufacturing products across consumer durables, lighting, and mobile phone segments in India.

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