Nikon India

The company said that the major drivers of growth during the current financial year are from professionals, content creators and also from the hobbies segment

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

Well-known for its high-quality cameras, Japanese electronics giant Nikon unveiled another masterpiece in Gurugram on Wednesday.

Japanese imaging giant Nikon on Friday launched a full-frame (Nikon FX-format) Z series mirrorless camera Nikon Z 9 in the Indian market.

Pricing is a plus point for Z50 as it costs less than its peers; the Sony A6400, and the Fujifilm X T30

The FX-format cameras have an image sensor that measures approximately 36mm x 24mm. The size of the FX sensor offers higher sensitivity and lower noise

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 ...