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Dixon Technologies Ltd.’s revenue growth has been below expectation as consumer electronics segment saw flattish revenue growth which was marred by steep correction in open cell prices. In volume terms television has grown by 54%.
Dixon fared better on margin front as margin in television improved on back of original design manufacturer solutions provided by the company saw higher traction. Q2 has seen continuing strong ramp‐up in washing machines.
Dixon has added capacities across the product categories as order book continues to remain strong. The company is expected to continue its strong growth momentum in medium term as-
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order book across the categories continues to remain healthy;
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new capacities have started commercial production;
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revenues from new product categories like wearables and refrigerators will drive incremental growth and;
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new joint venture in, wearables and telecom products will add further growth levers,
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lighting exports has started in Q1 with order from UAE and soon will start exporting to U.S.
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