Dixon Technologies' subsidiary and joint venture, Dixon Electro Appliances Private Ltd (DEAPL), has entered into an intellectual property licence agreement with Aviat Networks (India) Private Ltd. According to the regulatory filing on Wednesday, September 30, the agreement grants DEAPL a limited licence to use specified intellectual property, including technical know-how, for the manufacture, use, offer for sale and sale of microwave radios. The Intellectual Property License Agreement was executed on September 30, 2026, and this partnership is part of Dixon's broader strategy to expand its manufacturing footprint and build capabilities in higher-value electronics and telecom products. Under the agreement, Aviat has granted DEAPL a limited licence to use specified intellectual property, including technical know-how, for the manufacture, use, offer for sale and sale of microwave radios, subject to the terms and conditions of the agreement.
Commenting on the development, Atul B Lall, Vice Chairman and Managing Director of Dixon Technologies, stated that the collaboration marks a significant milestone in DEAPL's strategy to expand its manufacturing capabilities. He emphasized that the partnership reflects Dixon's commitment to strengthening domestic manufacturing capabilities and supporting the development of a robust supply chain for critical telecom infrastructure in India. Aviat Networks is described as a wireless transport solutions provider with more than one million systems sold across 170 countries, as reported in the regulatory filing.
The agreement comes against the backdrop of increasing investor focus on Dixon's expansion into components and higher-margin electronics manufacturing. According to market reports, Dixon Technologies shares were trading with a mild decline on Wednesday, opening at ₹13,280 and hitting a high of ₹13,421.70 and a low of ₹13,117.35, compared with the previous close of ₹13,312. The stock movement reflects investor reaction to the strategic partnership announcement. The agreement comes against the backdrop of increasing investor focus on Dixon's expansion into components and higher-margin electronics manufacturing.
Dixon's June-quarter results showed mixed performance against analyst expectations. According to reports, revenue rose 21.1% year-on-year to ₹15,548 crore, ahead of the ₹14,769 crore estimate in a CNBC-TV18 poll. However, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 4.1% year-on-year to ₹463 crore from ₹483 crore, and the figure was below the CNBC-TV18 poll estimate of ₹499 crore. Nuvama maintained its 'Hold' rating on the stock with a target price of ₹14,800 per share.
