Electronics Manufacturing Stock Targets Rs 56,000 Crore Revenue In FY27; Check Details

On Wednesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index gaining 56.65 points, or 0.24 per cent, to 24,045.80. Amid the broader market strength, Dixon Technologies share price traded at Rs 12,815.00, up 580 points or 4.74 per cent from the previous close, after the company outlined its growth roadmap and financial guidance for FY27.

Dixon Technologies Targets Rs 56,000 Crore Revenue In FY27

Dixon Technologies has guided for revenue of approximately Rs 56,000 crore in FY27, excluding potential contributions from its proposed partnership with Vivo. The company expects to maintain strong growth momentum, with revenue projected to grow between 15 per cent and 17 per cent on a standalone operational basis.

Management indicated that while margins may witness some pressure due to the expiry of certain Production Linked Incentive (PLI) benefits, absolute profitability is expected to increase during the year. The company also expects margin expansion of 40 to 50 basis points once its component manufacturing strategy is fully implemented.

Mobile And EMS Business To Remain Key Growth Driver

The Mobile and Electronics Manufacturing Services (EMS) segment is expected to record revenue growth of 12 per cent to 15 per cent in FY27 despite volumes remaining largely stable at 33 million units, excluding Vivo-related business.

The company expects higher average selling prices due to increasing component content in devices. If regulatory approvals for the Vivo partnership are received, Dixon estimates an additional annualised volume contribution of 20 million to 22 million units.
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Dixon Technologies Strong Growth Expected Across Business Segments

The IT Hardware segment is expected to cross Rs 4,000 crore in revenue during FY27, supported by increasing domestic manufacturing opportunities and rising demand for electronics products.

In the Telecom and Networking business, Dixon has guided for revenue between Rs 7,500 crore and Rs 8,000 crore, compared with approximately Rs 5,000 crore in FY26.

The Lighting business is expected to benefit from the joint venture with Signify, with revenue projected to nearly double to around Rs 1,700 crore.

Meanwhile, the Camera Modules business operated through Q Tech is targeting revenue of approximately Rs 2,500 crore. The company plans to significantly expand capacity from 70 million units to nearly 190 million units to support future demand.

Dixon Technologies Stock Performance

Dixon Technologies has delivered a return of 18.79 per cent over the past one month. However, the stock has declined 3.53 per cent over the last six months and 10.09 per cent over the past one year.

The stock touched a 52-week high of Rs 18,471 on September 25, 2025, and a 52-week low of Rs 9,600 on March 30, 2026.

About Dixon Technologies 

Dixon Technologies (India) Ltd is one of India's largest electronics manufacturing services companies. The company manufactures consumer electronics, mobile phones, lighting products, home appliances, telecom equipment, wearables and IT hardware products for leading global and domestic brands.

The company has expanded its presence across multiple electronics manufacturing segments and continues to benefit from India's growing focus on domestic electronics production and import substitution.

What are your thoughts on Dixon Technologies' FY27 growth guidance and expansion plans? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.