Professional Documents
Culture Documents
By Swarnim Deshpande 11 Vidhi Doshi 12 Priyanka Fulekar 13 Madhu Sudhan 14 Pavan Gobburu 15 Aditya Goswami 16 Harshal Holkar 17 Kavita Irpachi 18 Anandsagar Joshi 19 Pallavi Kachare 20
Introductory Stage
Challenges in the initial stage Launch of first product Difficulty with Loan sanction Money multiplication Stabilization of marketing network Accomplishment
Out-Of-The-Box Strategy
Not a highest market recall One sachet free for every four empty sachet of any shampoo
One free sachet for every four used Chik shampoo The strategy was a Huge Hit Sales grew to Rs.12 lakh from Rs.3 lakh pm Turnover in 1991-92 was around Rs.400 lakh
Chik Insights
Rural Indian Population-72%,Penetration of shampoos there8% Awareness in Rural India-70% Rangas Insight found the most Important Barrier - Price 50Rs a month in the 80s for a family of 6 was very expensive Cannibalization then became a threat Market Penetration Pricing at fifty paisa did wonders
Analyzing the fairness cream market Strategy adopted by Fair and Lovely Birth of Fairever Cavinkare strategy to promote Fairever Market share for Fairever-18%
Conclusion
Expansion from Rs15000 to Rs 750 cr
Second Largest Selling Shampoo After Clinic Plus Spinz became the 4th largest perfume selling brand Fairever achieved 18 percent market share in its first year Ruchi is the no. 1 pickle brand in South India