Showing posts with label Brand equity. Show all posts
Showing posts with label Brand equity. Show all posts

Wednesday, July 15, 2009

Horlicks

Horlicks is a health drink brand existing in India since decades. Horlicks holds 50% market share of milk beverage market of India that is around 2300 crore (source: The Nielsen Company). GlaxoSmithKline Consumer Healthcare is a proud owner of such a strong brand. The brand has created such a great entry barrier that other big players like Nestle and Dabur have got a hit.. NestlĂ© has stopped making Milo and new entrant Dabur India has decided to stay clear of Horlicks and pitch its Chyawan Junior against GSK Consumer Healthcare’s other beverage brand, Boost.

One of the important reasons of Horlicks domination since years is because of constant innovation not intems of product only but also marketing. GSK Consumer Healthcare has decided to use the brand to get into new categories. In the last few months, it has launched biscuits for children, a nutrition drink for women, an energy bar and chilled milk.

The crazy thing is that Nestle and Dabur fell into the trap of Horlicks. It is GSK who dictates terms, all these new categories always existed in the market and GSK identified the market gap and filled it with its new product line. GSK is fully utilizing the strong brand equity of Horlicks to promote its new products and now Horlicks is India’s 6th trusted brand.

When marketers see saturation in the market, they have either two choices one expand the market second increase the usage of its existing products. As of now Horlicks is banking on the first strategy and that is very obvious Young kids would like to continue with Horlicks when they grow older.. As increasing the usage is very difficult. Again, five years ago, GSK Consumer Healthcare had reached out to pregnant and lactating mothers with Mother’s Horlicks; last year it came up with Women’s Horlicks catering for women across age groups.
There’s Horlicks Lite for the elderly who often have a sugar problem and for the youth there is Horlicks Nutribar

With Horlicks Nutribar, positioned on the twin planks of health and convenience, GSK Consumer Healthcare has leveraged the brand to venture into an entirely new product category — energy cereal bars. A strong brand, opens up doors to new variants and even new categories.

In 2003, the brand was revamped: It was made tastier and launched in two new flavours — vanilla and honey. The company had earlier launched a chocolate version to try and win over consumers in the North and West who typically prefer chocolate-flavoured drinks. Not just higher tonnage, the company does succeed in extracting a price from consumers. In January this year, for instance, prices were upped by about 5 per cent. But it has been seen that parents in India can spend to maximum limit on two things Child’s nutrition and education. Horlicks cover the first part.

Horlicks has used media mix to its full capacity to reach out to every customer be it TV, radio, Print, Point of sales etc. Now it seems the next big task and if it succeeds, Horlicks would become the biggest brand in India is to sell Horlicks in rural India and make every villager drink Horlicks Milk.

Tuesday, May 5, 2009

Jaguar Bath Fitting



In India it is believed that the status of one’s family can be judged by the outlook of a bathroom. A decade back, people didn’t spend much on the interiors of the bathroom. More was concentrated on the functional products. But Jaguar changed all the rules of the game and offered a variety of bathroom fitting products. Jaguar is a market leader and thus so very successful in changing the perception of the people.

Before the entry of Jaguar, there were lot of small and fragmented players in the market and none of the market experts have ever believed that this so customer centric industry can ever be tapped by a national level organized player. Jaguar was the first company to offer after sales service at the doorstep. The brand Jaguar is in alliance with the demands of the young generation of India. Jaguar opened showrooms across India to introduce a bathroom concept where in customers can feel the bath-fittings in actual.
Innovation is also a part of Jaguar’s success story, where in company spend huge amount of money to introduce new products. Ceramic disc cartridge is one such product.

Jaguar has leveraged its brand equity by diversifying into other product categories like electrical fittings and accessories. Well jaguar has also joined hands with many International players such as Switzerland’s Aquis for sensor products, Glass Idromassagio for whirlpools and bath tubs and many more.

The core philosophy of the company is the customer service and this is the brand values. Company spends huge amount of money in below the line promotions so as to offer after sales service. On the other hand Jaguar was the first bath-fitting company to offer above the line promotions by introducing television commercials. The company offers training to its technicians so as they in turn satisfy the end customers.

The commercials of the Jaguar show that the brand is “TOO GOOD TO RESIST” and that is the tagline of the Jaguar. In one of the commercials of Jaguar, thieves steal the bath-fittings leaving behind other valuable items back. The commercial goes well aligned with the brand image of the company. With the changing nature of the Indian customer, company realized will in time that the value for money is what customers want and they are not price sensitive. That is why brand, quality and aesthetics are brand elements of the Jaguar.

Source: superbrands.org