• Event Type: Q1 FY27 Earnings Conference Call hosted by DAM Capital Advisors Limited
  • Date and Time: Friday, 31st July, 2026 (time not specified in transcript)
  • Purpose: Discussion of quarterly results and strategic updates for Q1 FY27 ended June 30, 2026
  • Management Participants: Mr. Atul Lall (Managing Director and Vice Chairman), Mr. Saurabh Gupta (Director and Group Chief Financial Officer)
  • Moderator: Mr. Tanay Shah from DAM Capital Advisors Limited
  • Availability: The transcript has been uploaded to the company website at https://dixoninfo.com/financial-performance under 'Earnings Call Transcripts (2026-27- Quarter Q1)'

Financial Highlights Disclosed

  • Revenue: INR15,557 crores for quarter ended June 30, 2026
  • EBITDA: INR472 crores (excluding fair value gain on stake held by Dixon Aditya Infotech Limited)
  • PAT: INR218 crores (after minority interest and excluding fair value gain)
  • Return Metrics: ROCE at 34.1%, ROE at 23.4%
  • Working Capital: Negative 5 days cycle

Business Segment Performance

Mobile and EMS Business:

  • Revenue: INR14,179 crores
  • Operating Profit: INR373 crores
  • Q1 Volume: 7.5 million smartphones
  • Export Revenue: ~INR1,100 crores (0.6-0.7 million units)
  • Received PN3 approval for JV with Vivo in July 2026, expected to commence operations in Q3 FY27

Telecom Products:

  • Revenue: ~INR2,100 crores
  • Operating Margin: 5.1%
  • Scaling up production of microwave backhaul radios
  • JV with Gemtek for optical transceivers under ECMS application

IT Hardware Products:

  • Revenue: ~INR1,350 crores
  • Manufacturing notebooks, desktops, AIOs, and tablets
  • New JV with Inventec Corporation (60-40) expected operational from Q4 FY27
  • Planning server and data center hardware manufacturing

Home Appliances:

  • Revenue: INR382 crores
  • Operating Profit: INR32 crores
  • Expanding capacity from 0.6 million to 0.9 million units annually
  • Launching front-loading washing machines, dishwashers, and microwave ovens in Q3 FY27

Lighting (JV with Signify):

  • Expanded baton production capacity to 5 million units/month
  • Launching 1,000+ SKUs in premium indoor lighting
  • Starting exports to US and Germany retail chains in Q2/Q3 FY27

Consumer Electronics:

  • Revenue: INR987 crores (LED TVs and refrigerators)
  • Operating Profit: INR58 crores
  • Initiating mini LED production, transitioning to OEM model by Q2 FY27

Strategic Updates and Guidance

Mobile Business Outlook:

  • Expecting 20-25% QoQ volume growth in Q2 FY27
  • Order book for Q2: 9-9.2 million units
  • Full-year guidance: ~32 million units (similar to FY26)
  • PLI 2.0 scheme expected to be announced in coming weeks

Expansion Projects:

  • Noida facility (1 million sq ft) for anchor customer - operations commencement in Q3 FY27
  • Camera module capacity expansion from 70M to 180-190M units annually over 15-18 months
  • Display facility completion - trial starts beginning Q3, mass production from end Q3/beginning Q4
  • Tirupati facility for appliances - adding 0.3M units capacity

Component Business:

  • Q Tech (camera modules): ~INR500 crores revenue
  • Display manufacturing for mobiles, IT hardware, and automotive
  • SSD production starting from Q3 FY27

Additional Notes

  • The document is a regulatory filing containing the transcript of the earnings conference call
  • The filing includes detailed management commentary and Q&A session with analysts
  • Financial data was disclosed in the transcript including segment-wise performance metrics