Nikon India aims for 10% growth in FY25, to expand healthcare business

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