Dixon Technologies vs Havells India: Which Stock Should You Track

Dixon Technologies vs Havells India: India's largest EMS company by revenue vs a leading FMEG and consumer electricals major. Dixon Technologies sector: Electronics Manufacturing Services. Havells …

Updated: 28 Jul 2026 • 3:37 pm

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Dixon Technologies vs Havells India: Which Stock Should You Track

Dixon Technologies vs Havells India is a comparison investors search for because the two companies represent genuinely different positions within Indian markets. This Dixon Technologies vs Havells India breakdown goes beyond generic labels and looks at real numbers: reach, products, the latest results each company has declared, and how each stock is positioned today. Understanding Dixon Technologies vs Havells India this way is more useful than a surface-level label, because it shows where each company actually stands rather than how it describes itself.

Table of Contents

Dixon Technologies vs Havells India: Reach and Market Position

In the Dixon Technologies vs Havells India comparison, Dixon Technologies stands out for India's largest electronics manufacturing services (EMS) company, manufacturing for global brands including Samsung, Motorola, Nokia and Reliance. This scale gives Dixon Technologies a distinct position within Electronics Manufacturing Services that shapes how it competes.

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Havells India, on the other hand, is built around a Fast Moving Electrical Goods (FMEG) major with a broad consumer and industrial distribution network across India. Comparing Dixon Technologies vs Havells India on reach alone shows two different growth strategies, not a single verdict.

Dixon Technologies vs Havells India: Key Products and Business Mix

Dixon Technologies's business runs on smartphones, LED TVs, home appliances, lighting products, and IT hardware built under contract for global and domestic brands. This product mix is central to any Dixon Technologies vs Havells India comparison, since it explains where each company's revenue actually comes from.

Havells India instead leans on fans, cables and wires, switchgear, lighting, water heaters, and small domestic appliances (owns the Lloyd brand for air conditioners). The Dixon Technologies vs Havells India product comparison shows these are genuinely different businesses, not just different brand names in the same category.

Dixon Technologies vs Havells India: Latest Results

Looking at real numbers rather than claims, Dixon Technologies's latest disclosed results show FY26 revenue of Rs 48,873 crore and profit of Rs 1,644 crore; Q1 FY27 results were not yet declared at the time of writing (board meeting scheduled July 31, 2026). This is the clearest evidence available for the Dixon Technologies vs Havells India comparison on Dixon Technologies's side.

Havells India's latest disclosed results show Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input costs, even as revenue grew about 19% YoY to around Rs 6,518-6,572 crore. Weighing Dixon Technologies vs Havells India on actual results, rather than headline positioning, is what separates a useful comparison from a generic one.

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Dixon Technologies vs Havells India: Stock and Valuation

On the market side, Dixon Technologies is described as: Market cap around Rs 84,657 crore, down 17.1% over the past year. Havells India is described as: Stock down about 16-22% over the past year despite the revenue growth. The Dixon Technologies vs Havells India valuation gap often reflects how the market is pricing each company's growth and risk profile differently.

Dixon Technologies vs Havells India: Quick Comparison Table

Parameter	Dixon Technologies	Havells India
Sector	Electronics Manufacturing Services	Electricals
Market position	India's largest EMS company by revenue	a leading FMEG and consumer electricals major
Reach	India's largest electronics manufacturing services (EMS) company, manufacturing for global	a Fast Moving Electrical Goods (FMEG) major with a broad consumer and industrial distribut
Latest results	FY26 revenue of Rs 48,873 crore and profit of Rs 1,644 crore; Q1 FY27 results were not yet declared	Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input cost

Conclusion

Dixon Technologies vs Havells India ultimately comes down to two companies solving similar problems in different ways. Dixon Technologies brings India's largest EMS company by revenue, while Havells India brings a leading FMEG and consumer electricals major. Investors weighing Dixon Technologies vs Havells India should track both companies' upcoming results and valuation gap rather than picking a side on reputation alone. This Dixon Technologies vs Havells India breakdown is a starting point, not a final verdict.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What is the main difference between Dixon Technologies and Havells India?

Ans. The main difference in the Dixon Technologies vs Havells India comparison lies in scale and business mix. Dixon Technologies is built on India's largest EMS company by revenue, while Havells India is positioned around a leading FMEG and consumer electricals major.

How do Dixon Technologies and Havells India's latest results compare?

Ans. Comparing Dixon Technologies vs Havells India on latest disclosed results: Dixon Technologies reported FY26 revenue of Rs 48,873 crore and profit of Rs 1,644 crore; Q1 FY27 results were not yet declared at the time of writing (board meeting sc, while Havells India reported Q1 FY27 consolidated net profit of Rs 289.71 crore, down 16.6% YoY on higher ad spend and input costs, even as revenue grew about 19% YoY to.

What sector do Dixon Technologies and Havells India operate in?

Ans. Dixon Technologies operates in Electronics Manufacturing Services and Havells India operates in Electricals. Even where the sectors overlap, the Dixon Technologies vs Havells India comparison shows different product mixes and market positions.

Should I invest in Dixon Technologies or Havells India?

Ans. Both Dixon Technologies and Havells India have distinct strengths within their space. Investors comparing Dixon Technologies vs Havells India should review the latest quarterly results, valuation and their own risk profile, and consult a financial advisor before deciding.

What are the key products of Dixon Technologies?

Ans. Dixon Technologies's key products and business lines include smartphones, LED TVs, home appliances, lighting products, and IT hardware built under contract for global and domestic brands.

What are the key products of Havells India?

Ans. Havells India's key products and business lines include fans, cables and wires, switchgear, lighting, water heaters, and small domestic appliances (owns the Lloyd brand for air conditioners).

How do Dixon Technologies and Havells India compare on market position?

Ans. On market position, Dixon Technologies holds India's largest EMS company by revenue, while Havells India holds a leading FMEG and consumer electricals major. The Dixon Technologies vs Havells India comparison shows both companies lead in different ways rather than one being universally ahead.