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Dixon Tech profit plunges 36 as demand weakens and costs rise sharply
Business
Published on 12 May 2026
The profit drop comes as PLI tailwind ends
Dixon Technologies’ quarterly profit fell 36% even as revenue grew, driven by soft consumer demand, higher component costs and the withdrawal of PLI benefits. Margins came under pressure, but the company is looking ahead with plans to scale smartphone manufacturing, telecom equipment, exports and IT hardware, betting on strong growth momentum into FY27.
- Quarterly profit declined 36% despite revenue growth
- Weak consumer demand and rising component costs squeezed margins
- End of PLI benefits hit profitability
- FY27 growth outlook hinges on manufacturing and exports
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times