Dixon Technologies now expects to earn ₹40,000 crore in revenue in financial year 2025, according to its MD & CEO Atul Lall. This is 25% to 33% higher than the earlier guidance of ₹30,000 crore to ₹32,000 crore that the management had shared.
Lall made these remarks in a post-earnings interaction with CNBC-TV18 on Friday, September 2025.
However, the stock is witnessing profit booking in Friday’s trading session, declining 10%, having more than doubled in value so far in 2024.
The Dixon MD & CEO also added that the margins in its mobile segment, which is the largest for the company will also improve from 3.3% to 4.5% in the next 12 to 18 months, as it looks to include more value addition in the business. The mobile segment contributed 82% to Dixon’s topline during the quarter, compared to 57% during the year-ago quarter.
Lall mentioned that the mobile segment is the biggest growth trigger and the addressable market of mobile is largest in the economy. He added that all brands in the android ecosystem are customers of Dixon.
Dixon Technologies reported revenue of ₹11,534 crore during the September quarter compared to ₹4,943 crore that it had reported in the base quarter. The quarter also had an exceptional gain of ₹210 crore.
EBITDA margin for the quarter stood at 3.7%, which was in-line with the poll expectation of 3.8%. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) doubled from last year to ₹426 crore. Lall believes that the margins will remain in this range for Dixon as a company based on the change in sales mix for the company.
Dixon’s Consumer Electronics & Appliances business saw its contribution drop to 12% from 29% last year with revenue declining by 2% from last year to ₹1,413 crore.
Brokerage firm Nomura has the highest price target for Dixon Technologies on the street. It maintained a “buy” rating on the stock with a price target of ₹18,564.
Nomura wrote in its note that mobiles, IT hardware and components are major long-term opportunity for the company.
It has raised Dixon’s revenue estimate by 10%, 8% and 5% respectively and Earnings Per Share (EPS) estimates by 3% to 5% for financial year 2025 – 2027.
The brokerage said that the focus on component manufacturing will be a key margin tailwind with full impact to be visible from financial year 2027.
Shares of Dixon Technologies are trading 9.6% lower currently at ₹13,549. The stock though, is witnessing some profit booking from higher levels after having risen over 100% so far in 2024.
Content retrieved from: https://www.cnbctv18.com/market/dixon-technologies-share-price-fy25-revenue-guidance-raised-mobile-biz-analyst-target-returns-19498917.htm.
