From Smartphones To AI Data Centers ! Dixon Tech Reveals Its Next Big Growth Bet | CNBC TV18
CNBC-TV18 · 02 Nov 2026 · 10 min
Management interview of Dixon Technologies (India) Ltd (DIXON), with 10 key numbers discussed.
- Saurabh Gupta, Director & Group CFO, Dixon Tech
Dixon Technologies expects smartphone volumes to reach around 34 million units this fiscal year excluding Vivo, which is set to integrate by Q4 and add 4-5 million units. For next fiscal, management targets around 60 million units, aided by exports and a potential Indian brand tie-up, scaling further to 70 million units in FY29. Margin drag from elevated memory prices in mobile is a pass-through, while ODM margins were impacted by 2.5-3% due to higher polymer, freight, and currency fluctuations. To drive future margin growth, the company is targeting high-end EMS areas including silicon-photonics-based optical transceivers for AI data centers and precision engineering.