Founded 1987 Headquarters Bandra, Mumbai, India Key People Harsh Mariwala Products Edible Oil, Hair Oil, Skin & Personal care, etc. Revenue Rs. 4008.3 crore (USD. 757.57 million) Employees 1000 (2010) Website www.marico.com Products of Marico Overview of Edible Oil Industry India 4 th largest edible oil consuming economy after USA, China and Brazil India accounts for 9.3% of world oil seed production Production of oilseeds & edible oil is far below the requirement In 2007-2008, the country could produce only about 8.2 million MT of edible oil. 35-40% of the demand had to be met imports, it shows heavy reliance on Import High penetration of 90% in India About Marico Ltd. Share price is Rs. 204.25 (volume 380,501) Company has recently acquired the erstwhile personal care business from Reckitt Benckiser. Marico now owns popular brands like Set Wet, Livon, Zatak , and other personal care brands. Marico Innovation Foundation (2003) Presence in more than 25 countries (India, Egypt, Vietnam, Bangladesh, South Africa, Malaysia, Middle east) Indias first company which has opened its manufacturing plant in Bangladesh (Industry wise) Continue. Parachute, Saffola, Hair & Care, Nihar, Mediker, Revive, among others, which occupy leadership positions in most categories- Coconut Oil, Hair Oils, Post wash hair care, Anti-lice Treatment, Premium Refined Edible Oils, niche Fabric Care etc. Consumers: For they are the reason we exist Membership: For a sense of ownership empowers us. Excellence: For it unleashes our potential Wealth: For on it hinges our growth Innovation: For it gives wings to ideas Product Line HAIR OIL REVIVE PARACHUTE AFTER SHOWER HAIR CREAM COOLING OIL ADVANCED COONUT HAIR OIL SCALP THERAPIES AYURVEDIC HOT OIL JASMINE HAIR OIL HAIR & CARE HERBAL PROTIEN HAIR OIL(50ml,100ml, 200ml,300ml,500 ml) SILK N SHINE (3ML,18ml,50ml,100ml) REVIVE POWDER(50gm, 200gm,400gm) REVIVE LIQUID(20gm ,45gm,100g m,200gm,40 0gm) NIHAR NATURAL NATURAL PERFUMED COCONUT OIL SHANTI AMLA HAIR OIL COOLING OIL ALMOND HAIR OIL SAFFOLA SAFFOLA OIL SAFFOLA SALT SAFFOLA OATS SAFFOLA FUNCTIONAL FOODS SAFFOLA ARISE NEW SAFFOLA SAFFOLA GOLD SAFFOLA TASTY SAFFOLA ACTIVE SAFFOLA STRONG HEART SAFFOLA BODY FIT EVERY DAY BASMATI RICE PREMIUM GOLD MEDIKER ANTI LICE HAIR OIL ANTI LICE SHAMPOO KAYA CLINIC SKIN BEAUTY LAISER HAIR REDUCTION ANTI AGEING THERAPY Saffola Health Benefits Saffola have LoSorb Technology, due to which oil gets absorbed less, reducing oil consumption in your diet. Saffola oils are Free of Trans fat. Saffola contains Rice Bran Oil (RBO) which contains Heart healthy nutrients . Saffola contains Safflower oil which is a colorless and flavorless edible vegetable oil extracted from the seeds of the safflower & well known for reducing cholesterol levels. Saffola Oils Saffola Gold 1Lt. Rs. 135 5 Lt. Rs. 730 Saffola Tasty 1Lt. Rs. 120 5 Lt. Rs. 605 New Saffola 1Lt. Rs. 165 2 Lt. Rs. 330 5 Lt. Rs. 810 15 Lt. - Rs. 2370 Saffola Active 1 Lt.- Rs. 115 5 Lt.- Rs. 550 Saffola Oil Ad CHALLENGE Retrospective
Transforming a brand known for its health benefits for heart patients Perspective
into an cooking OIL brand that will be consumed by all people of all age groups. PRELIMINARIES BRAND IMAGE 1.Problem Solving Brand
2.Higher PuFA (poly unsaturated fatty acid) used in marketing efforts
3. Consumers basically urban dwellers above 45.
4. Heart Patients forming the chunk of customers base.
5. Costly and to be taken on doctors recommendation Desired Brand Image Healthy and Tasty Oil for entire family
92, The Ad Campaign played up the fear element and established the heart specialist image. Market shrunk in size Only patients & 40+ age group
98, SAFFOLA TASTY was launched, because of shortage of Safflower crop, but was advertised as a blended version of Saffola with taste of Corn Oil.
The Saffola Ad-Journey
00, The launched an ad campaign focused on all age groups healthy living the timing was premature as the health concern crowd was still in its nascent stage, so it again back fired. 04, they again went back to advertising saffola as a supplementary measure against heart disease minus the grave consequences. The Saffola Ad-Journey PROMOTION Any doubts??? Heart Age Finder AWARENESS
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On 29 th Sept TOI and Saffola delivered One big Birthday Party In A Newspaper TOI and Saffola Ad Television World Heart Day Ad BLINKING HEART