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MINOR PROJECT
On
Marketing strategy of Dabur Vatika Hair Oil &
Dabur Chyawanprash
Submitted in Partial Fulfillment for the award of Degree of"Bachelor of Business Administration
Submitted by: Submitted to
Siddharth Mittal miss Manisha sethi
Roll:06012401709
______________________________________________________
DELHI INSTITUTE OF RURAL DEVELOPMENT
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NANGLI POONA NEAR G T KARNAL ROAD-110036PH.NO-27731458,32561030,22773259
DECLARATION
I, SIDDHARTH MITTAL pursuing bachelor in business administration at WTIM hereby
declare that I have completed the three months Capstone Project on the following topic:
marketing strategies of dabur
The information submitted is true & original to the best of my knowledge.
Signature of the Student
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CERTIFICATION
This is to certify that SIDDHARTH MITTAL has completed his project report
entitled products and services of Videocon as a part of partial fulfillment of B.B.A
(Gen) programme from dlhi institute of rural development, affiliated to Guru
Gobind Singh Indraprastha University, under my guidance and his work is
original.
____________________
DR. ANIL CHAUDHARY
(Director)
______________________
MISS MANISHA SETHI
(Project guide)
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Acknowledgement
Words often fail to express ones feelings of gratitude and
indebtedness to ones benefactors, but then it is the only readily available
medium through which the undersigned can express their sincere thanks to
all those who are associated with the work in one way or another.
A project can never exist and thrive in solitude. Project work is never
the work of an individual. It is more a combination of use, suggestion and
contributions and work involving many individuals. This project also bears
the impact of many people. Thus, one of the most pleasant parts of writing
this report is the opportunity to thank all those who have been active part init.
I am thankful to -------- for his vital inputs and valuable
suggestions and continuous guidance, which have gone a long way in
providing necessary impetus to our efforts in consummating this report.
I am thankful to our professors from Marketing department for their vital
inputs regarding the project work. I am also thankful to friends who helped
me in understanding of the topic given in an easier way.
Siddharth Mittal
EXECUTIVE SUMMARY
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This report aims at analyzing and reporting on the marketing strategies of Dabur India Ltd
(DIL) for the brands Dabur Vatika Hair Oil and Dabur Chyawanprash
The Vatika brand was launched in 1995 with Vatika Hair Oil as its first product. In the
very first year of its launch it crossed Rs. 100 million in turnover. Over the years, Vatika
has come to be amongst the companys highest selling brands. Vatika is a comparatively
young brand but is already acknowledged for the qualitatively influential and pioneering
role that it has played in the evolution of the categories it has had a presence in. Dabur
Chyawanprash is the leader in the Chyawanprash category and enjoys a market share of
61 per cent. In 50s Dabur pioneered the concept of branded Chyawanprash and since has
invested heavily in product development, clinical studies and consumer awareness. The
product is essentially a health supplement.
This report is not aiming at the overall marketing mix or the marketing strategy of Dabur
India Ltd, but is an attempt to analyze the marketing mix of Dabur Vatika Hair Oil and
Dabur Chyawanprash.
The report also enlists various recommendations based on BCG Growth Share Matrix
analysis, Ansoffs Product Matrix Expansion Grid, SWOT Analysis etc. This analysis has
been done on the basis of the information gathered from the company website and other
online resources and books and articles.
TABLE OF CONTENT
Chapter-1 Introduction And Objective Page No
1.1 FMCG Sector Overview 81.2 Objectives and Importance 10
1.3 Literature review 11
Chapter-2 Company Profile
2.1 Company Profile 13
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2.2 Financial Report 14
2.3 Product Line 16
2.4 Overview Of The Hairoil Segment 18
2.5 Overview of the Dabur Chyawanprash segment 27
Chapter-3 Research methodology 33
Chapter-4 Data Analysis
4.1 Swot Analysis 36
4.2 STP Analysis of Dabur Chyawanprash 37
4.3 Marketing Mix of Dabur Chyawanprash 39
4.4 Competitor Analysis of Dabur Chyawanprash 42
4.5 Customer Questionnaire of Dabur Chyawanprash 43
4.6 Customer Survey Results of Dabur Chyawanprash 45
4.7 Retailer Questionnaire of Dabur Chyawanprash 46
4.8 Retailer Survey Results of Dabur Chyawanprash 47
4.9 Ansoffs Product Market Expansion Grid 54
4.10 The BCG Growth-Share Matrix 55
Chapter-5 Conclusion 58
Chapter-6 Recommendation 61
Chapter-7 Biblograph 63
Annexure
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CHAPTER: 1
INTRODUCTION
OVERVIEW OF FMCG SECTOR IN INDIA
The Indian FMCG sector is the fourth largest
sector in the economy with a total market size in
excess of US$ 13.1 billion. It has a strong MNC
presence and is characterized by a well-established
distribution network, intense competition between
the organized and unorganized segments and low operational cost. Availability of key
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raw materials, cheaper labour costs and presence across the entire value chain gives India
a competitive advantage.
According to a study by the McKinsey Global Institute (MGI), 'Bird of Gold': The Rise
of India's Consumer Market, Indian incomes are likely to grow three-fold over the next
two decades and India will become the world's fifth largest consumer market by 2025,
moving up from its 2007 position as the world's 12th largest consumer market.
India ranks second in the Nielsen Global Consumer Confidence survey released on
January 7, 2010an indication that recovery from the economic downturn is faster in
India with consumers more willing to spend. The survey showed that in addition to the
emerging markets of Indonesia and India, eight of the top ten most confident markets in
The fourth quarter of 2009 came from the Asia Pacific region.
The FMCG market is set to treble from US$ 13.1 billion in 2009 to US$ 33.4 billion in
2015. Penetration level as well as per capita consumption in most product categories like
jams, toothpaste, skin care, hair wash etc in India is low indicating the untapped market
potential. Burgeoning Indian population, particularly the middle class and the rural
segments, presents an opportunity to makers of branded products to convert consumers
to branded products. Growth is also likely to come from consumer 'upgrading' in the
matured product categories. With 200 million people expected to shift to processed andpackaged food by 2010, India needs around US$ 28 billion of investment in the food-
processing industry.
According to a FICCI-Technopak report, despite the economic slowdown, India's fast
moving consumer goods (FMCG) sector is poised to reach US$ 43 billion by 2013 and
US$ 74 billion by 2018. The report states that implementation of the proposed Goods
and Services Tax (GST) and the opening of Foreign Direct Investment (FDI) are
expected to fuel growth further and raise the industry's size to US$ 47 billion by 2013
and US$ 95 billion by 2018.
The Ministry of Food Processing Industries is also planning to double the market size of
the food processing industry to US$ 165.1 billion by 2009-10 and trebling it to US$
271.8 billion by 2014-15.Demand for personal care products such as shampoos,
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toothpastes and hair-oils grew faster in rural areas than urban areas during April-
September 2009, a period that includes the peak monsoon months, as per the numbers
released by market researcher AC Nielsen.
As socio-economic changes sweep across India, the country is witnessing the creation of
many new markets and a further expansion of the existing ones. According to Pradeep
Kashyap, chief executive officer of MART Rural Solutions, speaking at the Calcutta
Management Association Rural Marketing Meet, over 300 million people would move
up from the category of rural poor to rural lower middle class between 2005 and 2025
and rural consumption levels are expected to rise to current urban levels by 2017.
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OBJECTIVE OF THE STUDY
Following are the major objective of study:-
1. To study the impact of Budget Policies on Marketing Strategy of Dabur Foods.
2. To study the Consumer, Buying behavior.
3. To study the problems faced by Dabur.
IMPORTANCE OF THE STUDY
Being student of BBA it is very essential for me to have a practical knowledge in an
organisation. Only to study business administration course knowledge is not the solution
of the problems, which arise in practical field. There is a certain formula for anyparticular problem, but the aim of this study is to develop the ability of decision making.
A right decision at right time and right place itself helps an organisation to run smoothly.
This study gives an idea of all marketing activities. So the way a problem is solved right
decision making and knowledge of different types of making activities give much
importance to the study. Only in two month training it was not possible to understand it
so deeply, but an overall idea could be developed.
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LITERATURE REVIEW
THE NEW DABUR ENTITY
The New Dabur Identity modernizes the 100-year old equity of the
Dabur brand by subtly transforming the tree. While it retains the essence of the banyan
tree, it now projects a contemporary image, in consonance with today's lifestyle.
The tree, a symbol of nature, is indelibly regarded as a provider of shelter, food and
protection. On a metaphysical plane, the tree is regarded as sacred, trustworthy and a
symbol of fertility. The new Dabur identity retains these enduring and valuable attributes,
while it adds a fresh, healthy and holistic dimension to the tree.
The new identity appropriates nature as the wellspring for Dabur. It conveys Dabur's
heritage, commitment and stability through the form and colours of the tree; its branches
and leaves. It also conveys that the brand stands for wellness across age groups. Taken as
a whole, the tree appears well rooted, implying stability; and its abundant canopy implies
that it can provide amply for those who seek its produce and shade. Further, the entire
image, being well-proportioned, evokes a harmonious, well-balanced, wholesome and
holistic brand.
In India, the tree is a symbol of life. It is a giver of fuel, food and protection. It is a heaven
for creatures it generously harbors in its foliage, as well as in the shade of its canopy. The
tree is held auspicious as it spreads through the three spheres with its roots meshing
through the earth, its trunk rising through the terrestrial world and its branches reaching
into the heavens. This symbolism also occurs in cultures across the world.
Keeping these vital associations in mind, the tree in the new Dabur identity has been
carefully created to communicate Dabur's invaluable 100-year old legacy.
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CHAPTER:2
COMPANY PROFILE
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COMPANY PROFILE
Over its 120 years of existence, the Dabur brand has stood for goodness through a natural
lifestyle. An umbrella name for a variety of products, ranging from hair care to honey,
Dabur has consistently ranked among Indias top brands. Its brands are built on the
foundation of trust that a Dabur offering will never cause ones harm.
The trust levels that this brand enjoys are phenomenally high. While Ries and Trout may
ask What does Dabur stand forshampoo or digestive tablets? The answer is fairly
simple, it stands for Indias fourth largest fast moving consumer goods company that both
consumers and trade respect and trust unequivocally, and which has an annual turnover of
over Rs 15 billion.
The company has kept an eye on new generations of customers with a range of products
that cater to a modern lifestyle, while managing not to alienate earlier generations of loyal
customers.
Dabur is an investor friendly brand as its financial performance shows. There is anabundance of information for its investors and prospective information including a daily
update on the share price (something that very few Indian brands do). Theres a great
sense of responsibility for investors funds on view. This is a direct extension of Daburs
philosophy of taking care of its constituents and it adds to the sense of trust for the brand
overall.
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FINANCIAL REPORT
Balance sheet
Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Sources of funds
Owner's fund
Equity share capital 86.51 86.40 86.29 57.33 28.64
Share application money - - - - -
Preference share capital - - - - -
Reserves & surplus 651.69 441.92 316.90 390.54 309.43
Loan funds
Secured loans 8.26 16.45 19.28 19.23 15.70
Unsecured loans 130.72 0.24 0.26 1.25 32.77
Total 877.17 545.01 422.73 468.35 386.54
Uses of funds
Fixed assets
Gross block 518.77 467.93 404.30 328.23 317.46
Less : revaluation reserve - - - - -
Less : accumulated depreciation 210.45 189.77 168.97 142.46 135.12
Net block 308.32 278.17 235.33 185.77 182.35
Capital work-in-progress 51.71 16.26 3.71 13.07 9.26
Investments 232.05 270.37 145.35 275.08 270.94
Net current assets
Current assets, loans & advances 973.42 576.82 397.78 285.68 253.35
Less : current liabilities & provisions 696.97 610.57 379.27 324.12 335.16
Total net current assets 276.45 -33.75 18.52 -38.44 -81.81
Miscellaneous expenses not written 8.64 13.95 19.82 32.87 5.81
Total 877.17 545.01 422.73 468.35 386.54
Notes:
Book value of unquoted investments 319.12 67.99 65.99 234.43 227.12
Market value of quoted investments 118.48 205.19 80.82 43.43 46.18
Contingent liabilities 174.15 171.24 153.25 190.02 175.62
Number of equity sharesoutstanding 8650.76 8640.23 8628.84 5733.03 2864.20
(lacs)
Report title: Dabur India Limited - Financial Analysis Review
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from Global Markets Direct - Company Reports
16 page report published Sep 15, 2009
Dabur India Limited Financial Analysis ReviewSummaryDabur India Limited (Dabur) is
a consumer care and health care products company. Product portfolio offered by the
company includes personal care products, health care products, home care products and
foods. Dabur also offers ayurveda-based healthcare products. It markets its products in
India as well as in International markets as Middle East, South-East Asia, Africa, the
European Union and America. Global Market Directs Financial Analysis Review is an
essential source for data, analysis and insight into Dabur India Limited . It examines the
companys business structure and operations, products and services. The report provides
information regarding key data, details on key executives and the major locations and
subsidiaries of the company. It also provides key financial ratios for the company.Scope
The report includes key company information such as business description, products and
services, and key suppliers and competitors. It provides detailed financial ratios for the
past five years as well as interim ratios for the last four quarters. Ratios include
profitability, margins and returns, liquidity and leverage, financial position and efficiency
ratios.Reasons to buy A quick one-stop-shop to understand the company. Get an in depth
understanding of companys recent and historical financial performance. Get the latest
metrics on companys performance. Support sales activities by understanding your
customers businesses better Qualify prospective partners and suppliers. Understand andrespond to your competitors business structure, strategy and prospects.
Source: Global Markets Direct
PRODUCT LINE
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Foods
Real
Real Activ
Hommade Lemoneez
Capsico
Shankha Pushpi
Dabur Balm
Sarbyna Strong
Personal Care
Hair Care Oil
Amla Hair Oil
Amla Lite Hair Oil
Vatika Hair Oil
Anmol Sarson Amla
Hair Care Shampoo
Anmol Silky Black Shampoo
Vatika Henna Conditioning Shampoo
Vatika Antidandruff Shampoo
Anmol Natural Shine Shampoo
Oral Care
Dabur Red Gel
Dabur Red Toothpaste
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Babool Toothpaste
Dabur Lal Dant Manjan
Dabur Binaca Toothbrush
Skin Care Gulabari
Vatika Fairness Face Pack
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OVERVIEW OF THE HAIR OIL SEGMENT
In the last quarter of the previous century Indian women have imbibed global mores,
ethics, fashions and styles in a remarkable way. Yet the popular iconography of Indian
beauty still associates them with beautiful fair skin and dark, long lustrous hair a
commonly accepted definition of beauty in Indian society.
Across the country, mothers spend endless hours teaching their daughters what their
mothers had taught them about maintenance of their natural beauty taken primarily
as caring for the skin and hair. In the hair care regime, of the numerous prescriptions
none is more universally accepted than the oiling of hair for nourishment and use of
home-made concoctions of henna and shikakai paste for conditioning them.
It would come as a surprise to only a few that hair oils have a penetration of almost
98%. Of the branded market, hair oils form a major chunk accounting for Rs. 13
billion with coconut hair oils as the prime segment at Rs. 9.1 billion.
OVERVIEW OF VATIKA:
The Vatika brand was launched in 1995 with Vatika Hair
Oil as its first product. In the very first year of its launch it
crossed Rs. 100 million in turnover. Over the years,
Vatika has come to be amongst the companys highest selling
brands.
It was joined in 1997 by Vatika Henna Cream Conditioning
Shampoo and later, in 2000, by Vatika Anti-Dandruff
Shampoo. In 2009, brand sales crossed Rs. 1,000 million. From the companys
perspective, Vatika is expected to continue to drive its growth in the years to come.
With its innovative offerings, the brand aims to become a frontrunner in the market for
hair care and skin care products.
Vatika is a comparatively young brand but is already acknowledged for the
qualitatively influential and pioneering role that it has played in the evolution of the
categories it has had a presence in. Currently, the total annual sales of Vatika products
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are over Rs. 1,000 million. Of this, Vatika Hair Oil enjoys a 6.4% market share in the
coconut hair oil category.
Vatika has not just been successful in garnering a premium image but, today, stands as
the preferred and trusted brand of 11.1 million users (Source: IRS Household Data).
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STP ANALYSIS OF VATIKA HAIR OIL
SEGMENTATION
Vatika Hair Oil was launched at an almost 100% premium to the market leader.
This meant that the segment of the market that dabur wanted to cater to was the
premium segment which valued nourishment of the hair above the price and it tried
to attend to that segment which was not price sensitive.
TARGETING
This was in line with its proposition and overall brand strategy of a premium up-
market product targeted for individual needs as opposed to the collectivist culture of
the category. It targeted the high income urban category of hair oil users. Since the
product was expensive it could mainly cater to the urban market as opposed to the
rural market where consumers are highly price sensitive. Being positioned as having
amla, henna and lemon extracts, the product was targeted towards the young,
contemporary, educated, multi-faceted, achievement-driven and confident women who
were positioned as the Vatika Woman.
POSITIONING
Total hair Care brand:
The product innovation was fed by the vital consumer insight that many women in
contemporary India are worried about hair problems.
PROMOTION:
Vatika the key focus brand of the company has always been well supported.
The company realized early that, from the perspective of brand building, it was vital
to invest in this brand.
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.
Vatika Hair Oils first promotion: It focused on the key benefit beautiful hair
without hair problems that came about as a result of the extra nourishment
through the value addition of henna, amla and lemon-derived additives.
Creating conceptual awareness: In the initial phase of the communication, the
marketing objective was to create conceptual awareness about the new product
the goodness of coconut oil enriched with natural herbs. Vatika was firmly
established as the leader in the new category of value-added hair oils and its
promotion campaign was so successful that the product segment itself came to be
identified with Vatika.
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MARKETING MIX OF VATIKA HAIR OIL
Vatika Hair Oil has made a huge impact with its innovative product offering, pricing
strategy, easy availability and promotion campaigns. In the marketing mix of Dabur, we
shall be discussing the 4 Ps of marketing mix with respect to Vatika Hair Oil. The mix
shall be analyzed as followed:
Product
Price
Place
Promotion
Product Price Promotion Place
Product
Variety
Quality
Design
Features
Brand
Names
Services
List Price
Discount
Financing
Schemes
Credit Terms
Advertising &
Promotion
Public Relations
Sponsorships
Internet
Marketing
Channels
Location
Inventory
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PRODUCT:
Brand Name: Vatika in Hindi means garden. The brand attempts
to live up to the promises beauty and nature that are associated
with its very name. Starting with these associations Vatika has
assiduously built a brand that delivers on all these values through
its various product offerings, the mother brand being Vatika Hair
Oil.
Innovative product offering: Vatika Hair Oil is coconut hair oil
with special ingredients adding value to the product. While coconut oil has been
regularly used by Indian women as a basic hair nutrient, a combination of herbs and
natural products such as henna, amla and lemon have been used for special hair
needs.
Coconut hair oil provides nourishment to the hair, while henna along with other
herbs coat the hair and protect it from oxidation, thereby maintaining its natural
colour. Amla strengthens hair roots and helps maintain their natural health and
thickness. Lemon with its astringent action controls sebum flow and helps in
prevention of dandruff.
Apart from henna, amla and lemon, it also contains other natural ingredients like
brahmi, neem, bahera, kapurkachari, harar, dugdha and sugandhit dravyas.
Packaging: The qualities of Vatika products, ascribed to the brand by hundreds of
thousands of satisfied consumers, have been further underlined by its attractive
packaging. In a category dominated by blue packs as analogous of pure coconut
oils, Vatika broke the norm with its white and green bottle with a mushroom cap.
The green-and-white colours, used in its packaging, reflect the brands naturalancestry and give it a premium look. These also help Vatika stand out in the
cluttered environment of Indian retail.
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Available in:
Bottles 75 ml, 150 ml, 300 ml
Flip cans 150 ml, 300 ml
Flip cans were introduced for the winter season.
Quality: Vatika products contain natural ingredients that have been blended
together through scientific processes at Daburs in-house research laboratories.
Dabur Research Foundation has more than 100 scientists working together to make
superior quality products that match international standards.
PRICE:
In the traditional coconut hair oil category, which presumably had price sensitive
consumers, Vatika Hair Oil with its value added proposition henna, amla and
lemon in a pure coconut oil broke this myth when it launched at almost a 100%
premium to the market leader; even with such a pricing strategy it was able to
garner a significant share from the leader in the very first year of its launch.
The table above shows that Dabur Vatika is one of the highest priced of hair oils
since it targets the higher income class and also that the prices have remain
unchanged since 1999.
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PRICE/QUALITY MATRIX
Price
Quality
High Middle Low
High
Luxury Segment
VATIKA
Ideal For Penetration Premiere
Offering
Middle
Overpriced Average Real Bargain
Low
Make The Sale
and Run
Unhappy Customers Cheap Goods
PLACE
Vatika products including Vatika Hair Oil are sold in 38 countries through morethan 15 lakh retail outlets and 5,000 distributors who service the entirecountry
through a wide marketing network.
Daburs distribution network extends beyond India in the following countries as well:
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Distribution Network
Central, North & South America
Australia
Asia
Middle East
OVERVIEW OF THE CHAYAMANPRASH SEGMENT
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http://www.dabur.com/en/exports/Network/America.asphttp://www.dabur.com/en/exports/Network/Australia.asphttp://www.dabur.com/en/exports/Network/Asia.asphttp://www.dabur.com/en/exports/Network/MiddleEast.asphttp://www.dabur.com/en/exports/Network/America.asphttp://www.dabur.com/en/exports/Network/Australia.asphttp://www.dabur.com/en/exports/Network/Asia.asphttp://www.dabur.com/en/exports/Network/MiddleEast.asp -
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STP ANALYSIS OF DABUR CHYAWANPRASH
SEGMENTATION
Dabur Chyawanprash is the market leader in the Chyawanprash segment. It comes under
the category of health supplements. The segments that it considers are growing kids,
competitive youth, ever busy housewives and the aged.
For the growing kids: In today's competitive environment, the children are under high
pressure to excel.
For the competitive youth: Modern life keeps the youth busy and demands them to be
active and efficient.
For ever-busy housewives: The 'homemaker' needs to be fit in order to shoulder all
responsibilities.
For the aged: Old age weakens a person physically and mentally.
After segmenting the population into these categories it aims to keep them fit and healthy.
TARGETING
Traditionally, chyawanprash was supposed to be a health supplement for the aged and
kids. Dabur Chyawanprash (DCP) is now targeting adults, housewives, youth and
kids .This it is trying to achieve through its promotion activities by making Amitabh
Bacchan and Vivek Oberoi do the endorsement act. Amitabh has been projected as a
user of Chyawanprash attempting to establish the relevance of DCP amongst the adults in
todays demanding lifestyle. Vivek, who represents an urban ambitious non-user with a
mindset that Chyawanprash is not for him, meets his moment of truth when outperformed
by a young Chyawanprash user, thus reaching out to kids. His final conversion from a
non-user to a Chyawanprash user connects with the Youth. These two ads compliment
each other and connect very well with the targeted consumers
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MARKETING MIX OF DABUR CHYAWANPRASH
Dabur Chyawanprash is the market leader in the chyawanprash segment and has achieved
this with its innovative product offering, pricing strategy, easy availability and promotion
campaigns. In the marketing mix of Dabur, we shall be discussing the 4 Ps of marketing
mix with respect to Dabur Chyawanprash. The mix shall be analyzed as followed:
Product
Price
Place
Promotion
Product Price Promotion Place
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Product
Variety
Quality
Design
Features
Brand
Names
Services
List Price
Discount
Financing
Schemes
Credit Terms
Advertising &
Promotion
Public Relations
Sponsorships
Internet
Marketing
Channels
Location
Inventory
PRODUCT
Dabur Chyawanprash is the leader in the Chyawanprash category and
enjoys a market share of 61 per cent. In 50s Dabur pioneered the concept
of branded Chyawanprash and since has invested heavily in product
development, clinical studies and consumer awareness. The product is
essentially a health supplement.
Known as the elixir of life, Chyawanprash has (clinically) proven benefits in
maintaining smooth body functioning. The principal ingredient Amla (IndianGooseberry) acts as an anti-oxidant and immuno-stimulant. Dabur Chyawanprash helps
in stimulating immune system, relieving stress, improving stamina, fighting aging through
anti-oxidant property, improving lung function, fighting respiratory infections & building
resistance to disease. It is these properties that make Dabur Chyawanprash a preferred
choice for its users.
Ingredients of Dabur Chyawanprash
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Vishwast
Amla, Ashwagandha, Hareetaki, Dashmul, Ghrit and several
other herbs and herbal extracts.
Special
Vishwast fortified with additional health beneficial herbs like
Keshar, Akarkara etc.
Packaging:
The figure above shows the evolution of the packaging of Dabur Chyawanprash.
Advertisement showing Vivek Oberoi
A little boy suggests his brother to have Dabur
Chyawanprash everyday.
To which the brother replies,
Mujhe iski kya zaroorat?
The boy asserts, Zaroorat hai! and starts running. The big brother follows him but
is unable to catch him using
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http://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Amlahttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Amlahttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandhhttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandhhttp://images.google.co.in/imgres?imgurl=http://ayurvedic.ru/shop/images/dbr-vishvast-new.gif&imgrefurl=http://ayurvedic.ru/ayurveda-links.html&h=100&w=58&sz=4&tbnid=NENQYw8rRUkJ:&tbnh=77&tbnw=44&hl=en&start=16&prev=/images%3Fq%3Ddabur%2Bchyawanprash%26svnum%3D10%26hl%3Den%26lr%3Dhttp://images.google.co.in/imgres?imgurl=http://ayurvedic.ru/shop/images/dabur-chawan-blue.gif&imgrefurl=http://ayurvedic.ru/ayurveda-shop.html%26pcat%3Dsupplements&h=80&w=45&sz=4&tbnid=jQhWx16LD7UJ:&tbnh=70&tbnw=39&hl=en&start=20&prev=/images%3Fq%3Ddabur%2Bchyawanprash%26svnum%3D10%26hl%3Den%26lr%3Dhttp://images.google.co.in/imgres?imgurl=http://www.ayurmedic.co.uk/images/sprash.jpg&imgrefurl=http://www.ayurmedic.co.uk/products.php&h=150&w=108&sz=13&tbnid=cTwBh2KpdowJ:&tbnh=90&tbnw=64&hl=en&start=1&prev=/images%3Fq%3Dold%2Bdabur%2Bchyawanprash%26svnum%3D10%26hl%3Den%26lr%3Dhttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Amlahttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandh -
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every way.
Running with super energy the boy dives into the river.
Not to be left behind...
...the big brother also dives in
the river but ultimately stops
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CHAPTER:3
RESEARCH
METHODLOGY
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RESEARCH METHODOLOGY
As the purpose of the project report is to analyses the consumable products successfullylaunched in the last three years. The data was collected both with the help of primary as
well as secondary sources.
For primary data, I proceeded with the drafting of the questionnaire for consumers was
structured as undisguised, & Personal -interview retailers. It was handed personally by me
to the respondents to be analyzed.
The questionnaire method was used-
a) To get first and relevant and unbiased information
b) Questionnaire provides versatility and solutions can be obtained by just asking the
questions.
c) Questioning is usually faster and cheaper.
d) Moreover, there is more control over data gathering activities.
Secondary data was also collected personally by me, which the company has furnished for
the general public. The secondary data was gathered with the help of various magazines,
newspapers, journals, brochures and also through the internet. For secondary sources no
field work was employed.
In order to amplify the empirical findings from primary and secondary sources, a survey
was conducted both of consumers and retailers Distributor & Wholesalers in order to
gauge the market opinion.
The questionnaire was of multiple choices and the pattern of questions was as simple as
possible. With every question, multiple choices were given and respondents were asked to
select one of them. The questionnaire technique was structured and not disguised as the
questions followed one pattern and reason behind the questionnaire was stated properly.
All the questions were directly related to the subject.
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For DaburChyawanprash and Vatika hair oil.
1. Sample size for customers were 100 in number and the universe comprised of all
the consumers within the geographical region of Delhi.
2. Sample size for retailers were 20 in number and the universe comprised of all the
consumers within the geographical region or Delhi.
3) Sample size for Distributor & Wholesaler were four in number & the universe
comprised of all the consumers within the geographical region of Delhi.
No other field work was employed to gather the information. The questionnaires were
distributed to the respondents and the data was collected through primary and secondary
sources.
The statistical technique such a Pi-chart and percentages were used in analyzing and
interpreting the data.
Rapid urbanization, increased literacy and rising per capita income, have all caused rapid
growth and change in demand patterns, leading to an explosion of new opportunities.
Around 45 per cent of the population in India is below 20 years of age and the young
population is set to rise further. Aspiration levels in this age group have been fuelled by
greater media exposure, unleashing a latent demand with more money and a new mindset.
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CHAPTER:4
DATA ANALYSIS
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STRENGTHS
Strong presence in well defined
niches( like value added Hair Oil
and Ayurveda specialties)
Core knowledge of Ayurveda as
competitive advantage
Strong Brand Image
Product Development Strength
Strong Distribution Network
Extensive Supply Chain
IT Initiatives
R & D a key strength
WEAKNESS
Seasonal Demand( like
chyawanprash in winter and Vatika
not in winter)
Low Penetration(Chyawanprash)
High price(Vatika)
Limited differentiation (Vatika)
Unbranded players account for the
2/3rd of the total market (Vatika)
OPPORTUNITIES
Untapped Market(Chyawanprash)
Market Development
Export opportunities.
Innovation
Increasing income level of themiddle class
Creating additional consumption
pattern
THREATS
Existing Competition( like Himani,
Baidyanath and Zandu for Dabur
Chyawanprash and Marico, Keo
Karpin, HLL and Bajaj for Vatika
Hair Oil)
New Entrants
Threat from substitutes (like
Bryllcream for Vatika Hair Oil)
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COMPETITOR ANALYSIS OF HAIR OIL
The key competitors of Dabur in the Hair Oil segment are Keo Karpin, Emami, Bajaj,
Marico, HLL which together with Dabur have about 64% of India's domestic market.
Dabur is one of India's largest players in the hair oil segment and the fourth largest
producer of FMCG. It was established in 1884, and had grown to a business level in 2003
of about 650 million dollars per year. Dabur Hair Oils have a market share of 19%.
We have tried to analyse the competition for Dabur in the Hair Care segment as follows:
Keo Karpin, a fifty-year old brand, is a pioneer in the light hair oil category. The
pleasantly perfumed hair oil has its main market in the Hindi belt and also has significant
presence in eastern and western India. Its share is 6% of the total hair oil market.
Emami has existence in hair oil market through Himani Navratan oil and Himani Oil.
Emami has taken Madhuri Dixit as brand ambassador for emami oil and Amitabh
Bachchan for Himami Navratan Oil. Overall it has a share of 4% in hair oil market.
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Bajaj has two flagship oil brands - Bajaj Brahmi Amla and Bajaj Almond Drops
currently have a value share of 19 per cent and 12 per cent in their respective oil
categories as per ORG-Marg. Besides, the company has also decided to enhance its retail
presence by nearly 20 per cent from the existing 5 lakh retail outlets in an attempt to reach
the rural parts. Overall it has a market share of 4% in hair oil market.
Maricos Parachute is premium edible grade oil, a market leader in its category.
Synonymous with pure coconut oil in the market, Parachute is positioned on the platform
of purity. In fact over time it has become the gold standard for purity. Parachute's primary
target has been women of all ages. The brand has a huge loyalty, not only in the urban
sections of India but also in the rural sector. It has a market share of 28%.
HUL has two products, Clinic plus Hair Oil and All Clear Clinic Hair Oil. Overall it has a
3% share in hair oil market.
CONSUMER QUESTIONAIRRE- DABUR VATIKA HAIR OIL
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Dear Respondent,
Thanks for sparing few minutes to fill this questionnaire, which will help us to study the
consumer perception for hair oil.
Any information provided by you will strictly be used for Academic Purpose.
1. Which brands of hair oil are you aware of?
Parachute
Keo Karpin
Nihar
Hair And Care
Dabur Vatika
2. Which brand of Hair Oil do you use?
Parachute
Keo Karpin
Nihar
Hair And Care
Dabur Vatika
3. Where would you rate your brand on a scale of 1 5 (5 being highest)?
1
2
3
4
5
4. What are the primary reasons for which you use this particular brand?
Non sticky
Brand Loyalty
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Fragrance
Price
5. How did you get to hear about this brand?
TV Internet
Word of Mouth
Print
6. If your brand is not available you would..?
Purchase another brand
Wait for it to be available Go for a substitute
Buy what is offered by the retailer
7. Which pack size do you prefer?
75 ml
150 ml
300 ml
8. On what parameters do you choose this pack size?
Availability
Price
Family size
Storage
9. How often do you buy?
Once in 15 days
Once a month
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Once in two months
10. Are you satisfied with your brand?
Yes
No
Personal Information:-
Age:
Location:
Income (per month):
(1) Rs. 1,000 Rs. 10,000 (2) Rs. 10,000 Rs. 30,000
(3) Rs. 30,000 Rs. 50,000 (4) Above Rs. 50,000
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CUSTOMER SURVEY RESULTS
DABUR VATIKA
AWARNESS LEVEL
0
20
40
60
80
100
PARACHUTE NIHAR DABUR
VATIKA
PERCENTAGE
PREFERRED BRAND
0
5
10
15
20
25
30
3540
PARACHUTE NIHAR VATIKA
PERCENTAGE
SATISFACTIONLEVEL
0
0.5
1
1.5
2
2.5
3
3.5
4
PARACHUTE NIHAR VATIKA
RATING(1-LOW 5-HIGH)
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RETAILER QUESTIONNAIRE-DABUR VATIKA HAIR OIL
Dear Respondent,
Thanks for sparing few minutes to fill this questionnaire, which will help us to study the
consumer perception for the Hair Oil category that we have chosen to study.
Any information provided by you will purely and strictly be used for Academic Purpose
only.
1. Which brands of Hair Oil do you stock?
Marico
HLL
Keo Karpin
Dabur Vatika
2. Out of these which are the most preferred?
Marico
HLL
Keo Karpin
Dabur Vatika
3. According to you what are the reasons for customers preferences?
Brand loyalty
Price
Availability
No reason
4. What is the profile of your typical consumer?
High income
Middle income
Low income
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5. What schemes are you offered by the companies?
Price discounts
Buy one get one free
Others
6. What schemes does a consumer prefer most?
Price discounts
Buy one get one free
Others
7. According to you, does in-store advertising have an affect on the consumers
preference?
Yes
No
8. Does a change in price affect their preferences?
Yes
No
Personal Information:-
Location of store:
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RETAIL SURVEY RESULTS
DABUR VATIKA
1. Which brands of Hair Oil do you stock?
0
10
20
30
40
50
60
70
80
marico hll karrpikeo karpin vatika
PERCENTAGE
2. Out of these which are the most preferred?
0
10
20
30
40
50
marico hll karrpikeo karpin vatika
PERCENTAGE
3. According to you what are the reasons for customers preferences?
0
10
20
30
40
50
brand loya lty pr ic e a va ila bility no rea son
PERCENTAGE
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COMPETITOR ANALYSIS OF CHYAWANPRASH
The key competitors of Dabur in the Chyawanprash segment are Baidyanath, Zandu and
Himani, which together with Dabur have about 85% of India's domestic market.
Dabur is India's largest Ayurvedic medicine supplier and the fourth largest producer of
FMCG. It was established in 1884, and had grown to a business level in 2003 of about
650 million dollars per year, though only a fraction of that is involved with Ayurvedic
medicine. Dabur Chyawanprash (herbal honey) has a market share of 61%.We have tried
to analyse the competition for Dabur in the Chyawanprash segment as follows:
Sri Baidyanath Ayurvedic Bhawan Ltd. (Baidyanath for short) was founded in 1917 in
Calcutta, and specializes in Ayurvedic medicines, though it has recently expanded into the
FMCG sector with cosmetic and hair care products; one of its international products is
Shikakai (soap pod) Shampoo. Its Chyawanprash has a market share of 10%.
Zandu Pharmaceutical Works was incorporated in Bombay in 1919, named after an
18th-century Ayurvedic. The company focuses primarily on Ayurvedic products (in 1930,
pharmaceuticals were added, but the pharmaceutical division was separated off about 30
years later).
The Emami Group, founded in 1974, provides a diverse range of products, doing 110
million dollars of business annually, though only a portion is involved with Ayurvedic
products, through its Himani line; the company is mainly involved with
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toiletriescosmetics, but also provides Chyawanprash and other health products. Its market
share is 12%.
CONSUMER QUESTIONAIRRE-DABUR CHYAWANPRASH
Dear Respondent,
Thanks for sparing few minutes to fill this questionnaire, which will help us to study the
consumer perception for chyawanprash.
Any information provided by you will strictly be used for Academic Purpose.
1. Which brands of Chyawanprash are you aware of?
Zandu
Himani
Baidyanath
Dabur
2. Which brand of Chyawanprash do you use?
Zandu
Himani
Baidyanath
Dabur
3. Where would you rate your brand on a scale of 1 5 (5 being highest)?
1
2
3
4
5
4. What are the primary reasons for which you use this particular brand?
Health
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Brand Loyalty
Taste
Price
5. How did you get to hear about this brand? TV
Internet
Word of Mouth
Print
6. If your brand is not available you would..?
Purchase another brand Wait for it to be available
Go for a substitute
Buy what is offered by the retailer
7. Which pack size do you prefer?
1 kg
500 gm 250 gm
8. On what parameters do you choose this pack size?
Availability
Price
Family size
Storage
9. How often do you buy?
Once a month
Once in two months
Once in six months
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10. Are you satisfied with your brand?
Yes
No
CUSTOMER SURVEY RESULTS
DABUR CHYAWANPRASH
AWARNESS LEVEL
0
20
40
60
80
100
ZANDU HIMANI BAIDYANATH DABUR
PERCENTAGE
PREFERRED BRAND
0
10
20
30
40
50
60
ZANDU HIM ANI BAIDYANATH DABUR
PERCENTAGE
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SATISFACTION LEVEL
0
1
2
3
4
5
ZANDU HIMANI BAIDYANATH DABUR
RATING(1-LOW 5-HIGH)
REASONS FOR SELECTING A PARTICULAR BRAND
0
10
20
30
40
50
60
70
HEALTH BRAND
LOYALTY
TASTE PRICE
PERCENTAGE
HOW DID YOU COME TO KNOW ABOUT THIS BRAND?
0
10
20
30
40
50
60
70
80
TV INTERNET WOM PRINT
PERCENTAGE
UNAVAILABILITY OF PREFERRED BRAND
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0
5
10
15
20
25
30
35
40
PURCHASE
ANOTHER
BRAND
WAIT BUY
SUBSTITUTE
WHATEVER
OFFERED BY
RETAILER
PERCENTAGE
RETAILER SURVEY RESULTS
DABUR CHYAWANPRASH
1. Which brands of Chyawanprash do you stock?
0
20
40
60
80
100
ZANDU HIMANI BAIDYANATH DABUR
PERCENTAGE
2. Out of these which are the most preferred?
0
10
20
30
40
50
60
70
80
ZANDU HIMANI BAIDYANATH DABUR
RATING(1-LOW 5-HIGH)
3. According to you what are the reasons for customers preferences?
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0
10
20
30
40
50
60
brand loyalty price availability no reason
PERCENTAGE
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DISTRIBUTION
Supply chain: Dabur has steadily improved its procurement and distribution systems to
achieve a significant reduction in material costs. Dabur has an extensive supply chain and
distribution network that has grown and spans 29 factories, 47 stocking points, 4 zonal
offices, a dozen manufacturing locations, six mother-warehouses and over 50Carrying and Forwarding Agents(CFAs) that distribute more than 1,000 SKUs to
several thousand stockists and dealers.
MIS: An in-house developed, easy-to-use, Intranet based data-warehouse displays as-
of-yesterday sales, stock, receivables, banking, and other MIS. Over 5,000 ASP pages
meet almost all reporting requirements and make this a single source of MIS for all levels
of decision makers.
VSATs: This Success paved the ground for the company's supply chain initiative. Fifty-
five Ku Band TDMA VSATs were used to link primary distributors to the system.
Factories were hooked up using PAMA (Permanent Assigned Multiple Access) VSATs.
At some locations VPNs had to be used because it was not possible to set up a dish. The
integrated primary and secondary system has a number of unique features. The features
like tight integration of schemes, stockists credit limit control, automated banking of
cheques, and online cheque reconciliation has obvious advantages in the primary
distribution. These are basically extensions to the MFG/PRO ERP system and not core
customizations. The integrated system allows each Area Manager to plan for the month's
sales forecasts, stockists performance, and sales officers' performance. The integration
allows better control on pipelines in primaries and secondaries, brings down inventories,
and offers better control on production and sales against a confirmed forecast. The idea is
to increasingly shift focus from primaries to secondaries. Schemes based on secondary
volumes will help control secondary pipelines and sales. Primary sales will therefore
come from a resultant 'pull' from secondary replenishments. Further, sales order servicing
can be improved by taking orders through the Internet, and by setting stocking norms andreplenishing stocks to improve ROI of stock holders.
ANSOFFS PRODUCT MARKET EXPANSION GRID
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MARKET PENETRATION: The new campaigns, featuring Amitabh Bachchan and,
for the first time, Vivek Oberoi, makes an aggressive attempt to establish the relevance ofChyawanprash in an increasingly tough and demanding lifestyle, for the entire family. As
a market leader, Daburs focus has been to increase the relevance of this time-tested and
proven product in the family - both for users and non users - and increase penetration. In
their new campaign they have tried to establish the fact that Chyawanprash, with its well
- being properties, gives an edge to the users and dispel the myth that it should be
consumed in illness or is meant only for Children or the aged.
MARKET DEVELOPMENT: Dabur has identified exports as a major thrust area for
the future. An international business division has been set up within the company to
promote exports and it expects this business to grow steadily in the coming years. The
company plans to focus on Russia and CIS countries along with Afghanistan, West
Indies and the Asia Pacific region. It has also entered the North American markets by
appointing distributors and initiating marketing of products to the ethnic Indian segment.
The company has already been exporting hair oils, shampoos and Hajmola candies to
Afghanistan. In Bangladesh, Dabur is entering into a joint venture with a local partner tomanufacture and market its products. Dabur will hold a majority stake in this joint
venture.
BOSTON CONSULTANCY GROUPS GROWTH SHARE MATRIX
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DABUR
In the past, the sheerdiversity of Dabur's product portfolio has made an evaluation of
the company's prospects quite difficult.
Dabur's FMCG business contributes over 70 per cent of Dabur India's current revenues.
Within the FMCG business, Dabur India focusses on three key product groups family
products, healthcare and FMCG exports. The family products portfolio boasts of quite a
few market leading brands Dabur Amla and Vatika hair oils, Vatika shampoo, Dabur
Honey, and Dabur Lal Dant Manjan.
Dabur India also has well-recognised brand names and an established distribution set-up
in the healthcare business with brands such as Dabur Chyawanprash, Hajmola, Pudin
Hara and Dabur Lal Tail. Given Dabur's acknowledged strengths in ayurvedic healthcare,
the scope for expansion in each of these product baskets is considerable.
Though in the recent years, the growth from Dabur's FMCG portfolio has been
sedate, due to sluggish rural demand and intense competition from a host of regional
brands and counterfeit products. However Dabur's operating profit margins have been
more or less constant over this period.
However, the FMCG business is Dabur's cash cow contributing over 70 per cent of
Dabur India's current revenues. The business has consistently generated high cash
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CHAPTER:5
CONCLUSION
CONCLUSIONS
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The ChyawanprashIndustry is yet to capture the beverage market in full swing. Packed
Chyawanprash followed byAmla,Ashwagandha,Hareetaki, Dashmul, Ghrit and several
other herbs and herbal extracts. The consumers patriotic love for tea and coffee is
unfared. Chyawanprash are yet to establish their supplement use in the average
household here in lies the great opportunities. Within the market, it is safe to conclude
that dabur has hit off rather well with the masses. Dabur has clearly lost it head start
advantage and thereby acquiring just 35% of the market share while others enjoy rest of
the market share. This could be well attributed to dabur successful ATA (Availability,
Taste and Affordability) marketing module, the attributes most rated by the consumers.
Lack of publicity has hampered the growth progress of the brand so aggressive
advertising is needed to promote Chyawanprash and Vatika hair oil brand .The brands
such as that of Chyawanprash by vednath, Chyawanprash with its sonacahndi,
Minute- made and also US food giantssDel Monte are ready to hit the Chyawanprash
market very soon.
Vatika hair oil has no major competition except an Australian Product Tobasco. As a
new product so people are not able to digest it yet Dabur is getting 8 Crores from Vatika
hair oil in which accounts for 4 Crores, Lemoneez 1 Crore & others 3 Crores .
As the strategies of the companies keeps on changing, be it in Chyawanprash industry, a
company has to create perceptions and cover them into realities. It is an expensiveproposition requiring huge expenditure on advertising, sponsorships and media. Thus, the
ideal company will be the one which combines the high end technology with consumer
insight.
As 16% of the excise duty is exempted on food products in this budget, many food
companies including Dabur got benefited from it. On the analysis of survey it was found
that target Market of Chyawanprash want quality benefit rather then Price benefit, so it is
better to stress on quality rather than on decreasing price to increase sales and profit. Toincrease market share Dabur should give slight price benefit on Dabur brand so that
customers of other Juice brand should switch from other brand to Dabur brand.
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http://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Amlahttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandhhttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandhhttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Amlahttp://www.dabur.com/EN/Ayurveda/herbalGarden/details.asp?herbName=Ashgandh -
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CHAPTER:6
RECOMMENDATION
AND SUGGESTION
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RECOMMENDATIONS
Focus on growing core brands across categories.
Reaching out to new geographies, within and outside India.
Improve operational efficiencies by leveraging technology.
Be the preferred company to meet the health and personal grooming needs of ourtarget consumers with safe, efficacious, natural solutions by synthesizing the deepknowledge ofayurveda and herbs with modern science.
Provide consumers with innovative products within easy reach.
Vatika hair care centre: On the lines of Maricos Kaya Skin Clinic, Dabur couldstart a venture called Vatika hair care centre which would provide total hair care
solutions. It could have hair care experts to solve hair problems. Services couldinclude dandruff treatment, straightening of hair, treatment for split ends, etc.
Position Dabur Chyawanprash as not more of a medicine but as something which isnecessary for health.
More initiatives like Dabur ki Deewar toincrease brand visibility. It is an initiative tooccupy shelf space.
Suggestions
In todays world of competition, the
company should pay more attention
towards:
Best sales service
Displays
In festivals we do promotions
0% finance
Exchange offer
High incentives
0% interest
Carry back scheme
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Chapter:7
biblography
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biblography
Books:
Marketing Management: Twelfth Edition Philip Kotler & Kevin Lane Keller
Websites:
www.dabur.com
www.tutor2u.net
www.brandchannel.com
www.blonnet.com
www.superbrandsindia.com
http://www.dabur.com/http://www.tutor2u.net/http://www.brandchannel.com/http://www.blonnet.com/http://www.superbrandsindia.com/http://www.dabur.com/http://www.tutor2u.net/http://www.brandchannel.com/http://www.blonnet.com/http://www.superbrandsindia.com/