Nikon aims double-digit FY24 growth, expects India to be in top 3 markets

Japanese imaging products maker Nikon expects around 11 per cent volume-driven growth in India in the current fiscal, touching its top-line to Rs 1,000 crore-mark, and expects the country to be among its top three global markets, according to top company officials.

Growth in the current year will be led by increased mobility, growing penetration and growth of the economy, said Nikon India Managing Director Sajjan Kumar.

The company, which is known for its imaging products business here, is also expanding its healthcare business in India and expects the segment's contribution to increase in the coming year.

"We expect India to be among the top three markets after US and China," Nikon Chief Regional Director for S E Asia, Oceania, Middle East and Africa Region Keizo Fujii told PTI.

Currently, India is the fifth largest market for imagining products after US, China, Japan and Germany.

In his zone India contributes around 40 per cent of sales, said Fuji.

For the financial year ended