Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessCompanies

Nikon India aims to achieve turnover of Rs 1100 crore

Nikon India, a 100 percent subsidiary of Japanese camera giant Nikon Corporation today said it has set a turnover target of Rs 1,100 crore by March 2017.

February 16, 2017 / 03:05 PM IST

Nikon India, a 100 percent subsidiary of Japanese camera giant Nikon Corporation today said it has set a turnover target of Rs 1,100 crore by March 2017.

"We expect Rs 1,100 crore in sales turnover this fiscal year (in 2016-17) up from Rs 1,000 crore last fiscal.

We expect to continue with double digit growth going forward," Nikon India Managing Director Kazuo Ninomiya told reporters after inaugurating a Nikon Experience Zone here.

He said Nikon has set up over 120 Nikon Experience Zone pan India and plans to open a total of 150 Nikon Experience Zone mostly in Tier-II and Tier-III cities.

Reacting to a query, he claimed "for DSLR market we have a share of 55 percent while enjoy 50 percent market share in compact cameras." Asked on competition coming from high pixel camera mobile phones, Ninomiya said, "DSLR has big advantage with regard to picture quality (as compared to cell phone cameras)...consumers who want quality of picture shifting to DSLR.

first published: Feb 16, 2017 02:56 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347