Dixon Technologies - Strong Q3 Show; Medium-Term Growth Priced-In: ICICI Securities
Dixon Technologies Ltd. facility for designing, manufacturing and testing of a wide range of washing machines. (Source: Company website)

Dixon Technologies - Strong Q3 Show; Medium-Term Growth Priced-In: ICICI Securities

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Dixon Technologies India Ltd.’s most positive triggers such as higher revenue growth in television, production linked incentive-driven revenues in mobiles, traction in 2G phones/set-top boxes, capacity-driven growth in LED lights, washing machines and TV, are already factored into our estimates.

Near-term challenges include the possible margin overhang in original design manufacturer business (washing machines) with higher commodity prices.

Click on the attachment to read the full report:

ICICI Securities Dixon Technologies Q3FY21 Result Update.pdf

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