Dixon Technologies Q4 Review - Long-Term Growth Outlook Remains Intact: ICICI Direct

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ICICI Direct Report

Dixon Technologies India Ltd. witnessed strong revenue, profit after tax growth of 47%, 33%, respectively, in FY21 despite loss of sales in Q1.

The strong growth came on the back of customer additions in consumer electronics and mobile and electronic manufacturing services segments in FY21.

The company has outlined a capex of Rs 200 crore in FY22 for a brownfield expansion in TVs, washing machines, mobile phones and to start a new manufacturing unit for direct cool refrigerators.

The company has also applied for production linked incentive schemes in electronics/technology products, telecom products and LED lights and air conditioners component manufacturing.

The approval for all applications are expected within H2 FY22.

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