Dixon Technologies Q2 Results Review - Growth, Margin Improvement Priced In: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.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-order book across the categories continues to remain healthy; new capacities have started commercial production;revenues from new product categories like wearables and refrigerators will drive incremental growth and; new joint venture in, wearables and telecom products will add further growth levers,lighting exports has started in Q1 with order from UAE and soon will start exporting to U.S..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dixon Technologies Q2 Results Review - Growth, Margin Improvement Priced In: Yes Securities

Low revenue growth as consumer electronics segment saw flattish growth which was marred by steep correction in open cell prices.

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