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Nikon India
Nikon India expects double-digit growth in India in the current fiscal year and aims to strengthen its imaging business with more launches and market expansion, top company officials said on Thursday. Currently, India contributes around 6 per cent of Nikon's imaging business globally, Nikon India Managing Director Sajjan Kumar said. Besides, Nikon is expanding its healthcare business in the Indian market, in which it operates in segments such as microscope solutions. The company has plans to expand this vertical, which currently contributes around 5 per cent of its business here, Kumar said. For the financial year 2024, Nikon India has reported a revenue of Rs 965 crore, said Kumar. When asked about the current financial year, Kumar told PTI:" we aiming for around Rs 1,060 crore revenue, with a 10 per cent growth". Currently, India is the fourth largest market for imaging products after the US, China, and Japan. "When it comes to imaging, we are contributing almost 6 per cent of
Consumer sentiments in the festive season are in the "right direction" and Nikon India will record 35-37 per cent of its FY24 sales during this period and the wedding season that follows, Managing Director Sajjan Kumar said on Wednesday. The festivals are followed by the wedding season, which would further catalyse camera sales, he said. "This wedding and festive season will contribute 35-37 per cent of our business (in FY24)," Kumar told PTI on the sidelines of a Nikon event here. Like appliances and consumer electronic products, camera sales also get high traction during the festive season, which starts from Onam in south India and continues through Ganesh Chaturthi, Durga Puja, and Diwali. "The kind of response we are getting and customer participation we have observed is certainly in the right direction. It is very very promising. "We as a brand are ready to offer many options like easy EMI, cashback, memory storage cards, additional battery or even a camera charger for the ..
Imaging products major Nikon India is expecting to clock a revenue of Rs 900 crore this fiscal, riding on a robust sales recovery with the waning COVID-19 pandemic, a company official said. It is hoping to cross the Rs 1,000-crore sales mark by the 2023-24 financial year (FY24), he said. In a bid to retain festive months' sales buoyant, the company has not hiked prices of its products despite pressure on margin and supply chain with rising costs, Nikon India managing director Sajjan Kumar said. The festive season spreading from Onam to Diwali contributes 32-35 per cent of its total annual revenue, he said. "With the robust recovery, we are going to surpass the pre-COVID level sales this year. We expect Rs 900 crore turnover in FY'23 and will exceed the Rs 1,000-crore mark in FY'24," Kumar said in an interview. The camera market is estimated at Rs 3,000 crore per annum, he said, adding that products for social media content creators and professionals are the growth drivers. The pr
Nikon, the Japanese optics and imaging major, turns 100 next month. It has faced tough competition from the growing sale of smartphones, replacing entry-level cameras. KAZUO NINOMIYA, managing director of Nikon India, to Arnab Dutta. Edited excerpts:Where does India stand for Nikon globally?India's contribution to global revenue was three to four per cent last year, which I expect to go up to five to six per cent in 2017-18. Globally, we have 24 subsidiaries. While India is still behind our top five markets, I am expecting that we will get there by March 2018. Last year, the domestic market for DSLR cameras was 500,000 units, of which we held 55 per cent. We grew by 10 per cent, in line with the market growth rate, and posted Rs 1,150 crore in sales. We are looking at Rs 1,200 crore of sales for the current financial year.With the quality of smartphone cameras improving dramatically in recent years, haven't they threatened your existence?We have seen a big impact on sales for ...