Only if you select “Format All + Download”. Stick to “Download Only” or “Firmware Upgrade” to keep NVRAM (IMEI) intact.
: Download the "Fastboot" version of the firmware for your exact model; extract it to find the MTxxxx_Android_scatter.txt file. SP Flash Tool : Use the latest stable version (v5 or v6). sp flash tool for xiaomi mtk mt6765 mt6785