Summer Internship Project
Summer Internship Project
Submitted by:
Mr. Ayush Shelke
Company
Guide: Mr. Ashfaq Ahmad
Faculty Guide:
Prof. Swati Rahate
2023
CERTIFICATE
This is to certify that the investigation described in this report titled “Marketing
Of Britania Pvt Ltd” has been carried out by Mr Ayush Shelke during the
summer internship project. The study was done in the organisation, SIP Britania
work is the own work of the candidate, completed in all respects and is of
sufficiently high standard to warrant its submission to the said degree. The
assistance and resources used for this work are duly acknowledged.
CERTIFICATE OF INTERNSHIP
Date : 25/11/2023
ACKNOWLEDGEMENT
It is a matter of pride and privilege for me to have done a summer internship project
in “Britania Industries Ltd” and I am sincerely thankful to them for providing
this opportunity to me.
I am thankful to “Mr. Ashraf Ahmad” for guiding me through this project and
continuously encouraging me. It would not have been possible to complete this
project without his / her support.
CONTENTS
CERTIFICATE………………………………………………………………………... i
DECLARATION……………………………………………………………………… ii
ACKNOWLEDGEMENT…………………………………………………………….. iii
ABSTRACT…………………………………………………………………………... iv
CONTENTS…………………………………………………………………………... v
LIST OF TABLES……………………………………………………………………. vii
LIST OF CHARTS…………………………………………………………………… viii
LIST OF ABBREVIATIONS………………………………………………………… ix
CHAPTER 1
INTRODUCTION…………………………………………………………………… (1-2)
1.1 INTODUCTION………………………………………………………………….. 2
CHAPTER 2
LITERATURE REVIEW…………………………………………………………... (3-5)
2.1 LITERATURE REVIEW………………………………………………………… 4
CHAPTER 3
COMPANY PROFILE……………………………………………………………… (6-8)
3.1 INTROCTION……………………………………………………………………. 7
3.2 BISCUITS………………………………………………………………………… 7
3.3 DAIRY PRODUCTS……………………………………………………………... 8
3.4 JOINT VENTURE………………………………………………………………... 8
CHAPTER 4
PROBLEM, SCOPE & MOTIVATION…………………………………………… (9-10)
4.1 PROBLEM STATEMENT……………………………………………………….. 10
4.2 OBJECTIVES…………………………………………………………………….. 10
4.3 SCOPE OF THE STUDY………………………………………………………… 10
4.4 SCOPE OF THE INDUSTRY……………………………………………………. 10
4.5 MOTIVATION…………………………………………………………………… 10
CHAPTER 5
RESEARCH METHEDOLOGY…………………………………………………… (11-14)
5.1 RESEARCH DESIGN……………………………………………………………. 12
5.2 SELECTION OF VARIABLES………………………………………………….. 12
5.3 PERIOD OF STUDY & SOURCE OF DATA…………………………………... 12
5.4 METHOD OF DATA COLLECTION…………………………………………… 13
5.5 HYPOTHESES…………………………………………………………………… 13
CHAPTER 6
EXPLORATORY RESEARCH……………………………………………………... (15-18)
61 FREQUENCY OF SALES…………………………………………………………. 16
62 CONSUMER BRAND PREFERENCE……………………………………………. 17
CHAPTER 7
RESULTS AND DISCUSSIONS…………………………………………………….. (19-30)
71 PACKAGING………………………………………………………………………. 20
72 SWITCHING BEHAVIOUR DUE TO PACKAGING……………………………. 21
73 PRICE………………………………………………………………………………. 22
74 QUALITY…………………………………………………………………………... 24
75 SWITCHING BEHAVIOUR DUE TO QUALITY………………………………... 26
76 COMPARING PRICE AND QUALITY…............................................................... 27
77 PRIORITY TOWARDS MILKSHAKE…………………………………………… 28
78 BRAND AWARNESS……………………………………………………………... 29
CHAPTER 8
CONCLUSION……………………………………………………………………….. (31-32)
81 CONCLUSION…………………………………………………………………….. 32
CHAPTER 9
SUGGESTIONS TO THE COMPANY…………………………………………….. (33-34)
91 SUGGESTIONS TO THE COMPANY…………………………………………… 34
CHAPTER 10
REFERENCE………………………………………………………………………… (35-36)
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CHAPTER 1
1.1 INTRODUCTION
In the past there has been many attempts made to study about consumer switching behavior
in many different context. However, many theories has been developed in recent times in
consumer switching behavior literature. This paper attempts to give a more current view of
existing market phenomena and the causes for such phenomena. It also measures the impact
that each cause has over the consumer switching behavior of flavoured milk consumers.
In 2016, 43% newly introduced products in the ready to drink category in India were
flavoured milk, according to Mintel research agency’s study. In 2015, Indian consumers of
flavoured milk have drank about 73 million litres of flavoured milk. This may be because of
the fact that The Mintel research agency’s research results has revealed a result that says
that 64% of diary drink consumers of ready to drink flavoured milk products think that those
products are healthier than fresh milk and some think that convenient and hygienic choice.
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CHAPTER 2
LITERATURE REVIEW
This study identifies three major switching costs that is experienced by customers while they switch brands.
First one is the waste of effort and time. Second, financial cost involved while switching. Third one is the
emotional and psychological loss due to breaking of bonds.
This study was conducted in Chennai for the diversified and well mixed population of Tamil Nadu which
would give a normal distribution for their sample of 112. The variables chosen for this study are consumer
satisfaction with their regular brand and consumer demographics.
“An Empirical Study of Consumer Switching from Traditional to Electronic Channels”, Gupta, Alok,
(2004)
The researcher of this paper has studied about the relation between consumer switching behaviour and
purchase intention. This study has a sample size of 337 consumers of electronic equipment. They also insist
that demographics may not be the basis of segmentation.
This is an empirical study done using structural equation with the data collected from customers using
mortgage service of different Canadian financial institutes. Factors influencing switching behaviour and
switching intention were examined and measured for analysis.
“The contribution of emotional satisfaction to consumer loyalty”, Dean, Alison, Yu, Yi‐
Ting, (2001)
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This study explores the role that emotions play in customer satisfaction and then compares the
affective and cognitive elements of satisfaction. Regression analysis is used to analyse the variables.
This paper investigates the consequences of customer satisfaction over customer behaviour. More
specifically the author investigates the impact satisfaction of customers over their behavioiur.
“Measuring Switching Costs and the Determinants of Customer Retention in Internet- Enabled
Businesses”, Pei-Yu Chen, Lorin M. Hitt (2002)
In this paper they have developed and implicated a method for measuring the amount of impact of the
magnitude of each switching cost and brand loyalty of customers using online service providers.
This study says that customer dissatisfaction leads to customer switching behaviour and that damages the
market share and profitability of the service industry. But still it remains unexplored in literature of
marketing.
“An empirical study of consumer switching behaviour towards mobile shopping: a Push–
Pull–Mooring model”, Jung-Yu Lai, Sutappa Debarmma, (2008)
The unit of analysis used for this study is the customers who do mobile shopping and investigates the
factors affecting the customer switching behaviour. The findings of this research conveys that the forces
such as trust, privacy and security have a stronger effect on switching behaviour.
This is a model proposed to assess the aspects of customer satisfaction and dissatisfaction in their
consecutive purchases. This attempt to determine the repurchase behaviour on the base of cognitive
variables.
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CHAPTER 3
INTRODUCTION
The company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes
and dairy products.
The company was established in 1892, with an investment of ₹265. Initially, biscuits were
manufactured in a small house in central Kolkata. Later, the enterprise was acquired by the
Gupta brothers mainly Nalin Chandra Gupta, an attorney, and operated under V.K Brothers."
In 1918, C.H. Holmes, an English businessman in Kolkata, was taken on as a partner and The
Britannia Biscuit Company Limited was launched. The Mumbai factory was set up in 1924
and Peek Freans UK, acquired a controlling interest in BBCo. Biscuits were in high demand
during World War II, which gave a boost to the company’s sales. The company name was
changed to the current "Britannia Industries Limited" in 1979. In 1982 the American company
Nabisco Brands, Inc. acquired the parent of Peek Freans and became a major foreign
shareholder.
BISCUITS
The company's factories have an annual capacity of 433,000 tonnes. The brand names of
biscuits include VitaMarieGold, Tiger, Nutrichoice Junior, Good day, 50 50, Treat, Pure
Magic, Milk Bikis, Good Morning, Bourbon, Thin Arrowroot, Nice, Little Hearts among
others.
Tiger, the mass market brand, realised $150.75 million in sales including exports to countries
including the U.S. and Australia, or 20% of Britannia revenues in 2006.
In a separate dispute from the shareholder matters, the company alleged in 2006 that Danone
had violated its intellectual property rights in the Tiger brand by registering and using Tiger
in several countries without its consent. Britannia claimed the company found out that
Danone had launched the Tiger brand in Indonesia in 1998, and later in Malaysia, Singapore,
Pakistan and Egypt, when it attempted to register the Tiger trademark in some of
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these countries in 2004. Whilst it was initially reported in December 2006 that agreement had
been reached. It was reported in September 2007 that a solution remained elusive. In the
meantime since Danone's biscuit business has been taken over by Kraft, the Tiger brand of
biscuits in Malaysia was renamed Kraft Tiger Biscuits in September 2008.
Britannia initiated legal action against Danone in Singapore in September 2007. The dispute
was resolved in 2009 with Britannia securing rights to the Tiger brand worldwide, and
Danone paying Rs220 million to utilise the brand.
DAIRY PRODUCTS
Dairy products contribute close to 10% to Britannia's revenue. Britannia trades and markets
dairy products and its dairy portfolio grew to 47% in 2000-01 and by 30% in 2001-02.
Britannia holds an equity stake in Dynamix Dairy and outsources the bulk of its dairy
products from its associate. Its main competitors are Nestlé India, the National Dairy
Development Board (NDDB), and Amul (GCMMF).
JOINT VENTURE
On 27 October 2001, Britannia announced a joint venture with Fonterra Co-operative Group
of New Zealand, an integrated dairy company from procurement of milk to making value-
added products such as cheese and buttermilk. Britannia planned to source most of the
products from New Zealand, which they would market in India. The joint venture will allow
technology transfer to Britannia. Britannia and New Zealand Dairy each hold 49% of the JV,
and the remaining 2 percent will be held by a strategic investor. Britannia has also tentatively
announced that its dairy business would be transferred and run by the joint venture.
The authorities' approval to the joint venture obliged the company to start manufacturing
facilities of its own. It would not be allowed to trade, except at the wholesale level, thus
pitching it in competition with Danone, which had recently established its own dairy business.
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CHAPTER 4
PROBLEM STATEMENT
Very less sales of Britannia’s new flavoured milk brand – Winkin Cow. Since this is an already
existing market and consumers of flavoured milk are hesitating to switch to Winkin cow from their
regular brands. So, here arises a need to identify and analyse the factors affecting switching behaviour
flavoured milk consumers to help the company realise were to change their strategy in order to increase
the sales of their flavoured milk category products.
OBJECTIVES
• To identify the major factors influencing consumer switching behaviour on flavoured milk
products
• To find the amount of impact that each variable has on consumer switching behaviour • To
analyse the data and make a suggestion report to the company
This research will help the company understand how product factors are affecting the sales of their
flavoured milk product – Winkin Cow. By referring to this study, company can make changes in their
strategy to boost up the sales.
Flavoured milk industry booms at the past five years in India. According to Mintel research agency’s
study consumers of ready to drink products in urban India are attracted towards packaged flavoured milk
especially for its health benefits and convenience.
MOTIVATION
Despite of such huge market for flavoured milk products in India, the flavoured milk brand of Britannia
has the least share among its own brands as well as among other companies in flavoured milk market.
Having my core elective as marketing, I am curious to find the causes for this issue and measure the
impact of different causes over the consumers switching behaviour in flavoured milk market.
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CHAPTER 5
RESEARCH DESIGN
Objective 1: To identify the product category with the least consumer preference
Design: Exploratory
Sampling technique: Non probabilistic judgmental sampling
Sample Size: 24
Coverage: Chennai
Objective 2: To find the magnitude of impact each variable has on consumer switching behaviour
Design: Causal
Sampling technique: Non probabilistic random sampling
Sample Size: 62
Coverage: Chennai
Selection of variables
The chosen outcome variable for this study is consumer switching behaviour and among many of the
variables affecting consumer switching behaviour this study focused on four major variables viz.
Price, Packaging, Brand awareness, Product quality which are the independent variables.
The period of study was from July 2023 – August 2023 and the data used for this study were collected
by personal interview technique from the respondents’ viz. sales associates and customers of 35
organizedretail outlets in Chennai.
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The data collection for the exploratory research was done through both survey method as well
as personal interview method. The survey was used to collect data about consumer preference
for brands under Britannia from the sales associates in organised retail stores who were
assigned to the products of Britannia. The data were collect through personal interview from
the professionals working in Britannia for prolong period and have an immense knowledge
about the company and all its brands.
The primary data collected for the causal research was only by survey method. The unit of analysis
were customers of organised retail stores and specifically the consumers of flavoured milk
products. The sampling size for this study was 62.
HYPOTHESES
The following hypotheses are developed by testing the relationship between consumer switching
behaviour and factors.
CONCEPTUAL DIAGRAM
PRICE
H1
PACKAGING
H2
SWITCHING
BEHAVIOUR
H3
PRODUCT
QUALITY
H4
BRAND
AWARNESS
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CHAPTER 6
FREQUENCY OF SALES
The chart below is the visual representation of data collected from 35 organized retail outlets.
The unit of analysis where the sales associates assigned to the respective product category.
This survey was conducted to examine the frequency of sales of various Britannia products.
The purpose of this survey was to identify the product category which has the least
acceptance among consumers and to future search for the causes responsible for the
phenomena.
Frequency of Sales
6
Average Rating
The survey result shows that the Winkin Cow product which falls under the flavoured milk
category has the least frequency of sales which is the direct effect of consumer purchase intention
and also has an indirect effect on retailer preference.
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This least contribution of the flavoured milk product among other products of Britannia may
not mean that consumers do not prefer purchasing flavoured milk products. So, further
survey was conducted to address this question of consumer brand preference. Unit of analysis
for this survey were consumers of flavoured milk products with a sample size of 62
customers.
3 2
Amul kool
23 Cavin's Hershey's Britanni a
Others
34
The above chart shows the consumer brand preference for flavoured milk product.
Britannia’s flavoured milk product (Winkin Cow) has the least consumer preference and this
has a direct effect over its share in flavoured milk category.
Despite of such huge market for flavoured milk products in India, the flavoured milk product
of Britannia has the least share among its own products as well as among other companies in
flavoured milk industry.
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According to Ansoff’s matrix this is an existing market with an existing product, therefore
market penetration strategy has to be implemented. Market penetration refers to the
successful selling of a product or the extent to which a product is recognized and bought by
customers in a specific market. It is measured by the amount of sales volume of an existing
product compared to the total target market for that product.
Since there is a huge existing consumer base for flavoured milk products we now just need
the existing consumers to switch from their usual brand to Britannia’s flavoured milk (Winkin
Cow). For this we need to identify and examine the factors influencing consumer switching
behaviour. The magnitude of impact of each factor over the consumer switching behaviour
will help in changing the strategy to increase the sales volume.
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CHAPTER 7
PACKAGING
Does packaging of a product influence your purchase decision?
Yes 29
No 7
Sometimes 25
Does packaging of a product influence your purchase decision?
48%
Yes No
11% Sometimes
Only 11% of the consumers have said that packaging do not affect their purchase
intention. This is because packaged milkshakes are impulse products and
packaging plays a major role in consumer purchase behaviour while making an
impulse purchase.
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0%
41%
Yes No
Sometimes
Even though packaging influences purchase intention, consumers are not ready
to leave their regular brand for the reason of better packaging of another brand.
Consumers may be associated with their regular brand due to other stronger
factors such as Price, Quality and Trust.
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PRICE
What is the price on your brand?
20 16
25 27
30 14
35 and above 2
20
25
30
35 and above
From the above chart we can infer that packaged milkshakes in India have an
ideal pricing range between Rs.20-30 and most of them are priced Rs.25 and
also an acceptable price by customers. Products priced 35 and above have a
very limited number of customers who price insensitive minority upper class
people.
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Y
es No
Somewhat
98% of the consumers have said that they compare prices of alternative brand
before making a purchase. This proves that pricing of a impulse product has an
immense effect on its sales. We can also infer that consumers are highly sensitive
to price and they are constantly looking for a better deal; this factor may have a
greater impact over consumer switching behavior.
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QUALITY
You ever compared the quality of your brand with other brands?
23%
77% Yes
No
28%
2%
70% Yes No
Somewhat
Over 77% of the consumers admit that they compare quality of different brands,
which can be done only post purchase. Which means that consumers are ready
make experiments by trying a new brand in search for better quality. But the
fact is, almost 98% of the consumers are satisfied with their regular brand or
maybe they quickly find their good quality brand with simple comparisons.
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10%
5%
Yes No
Maybe
85%
Over 85% of the respondents have said that if they encounter a brand with a
better quality than their regular brand, they will or may switch to the better
quality brand. 95% of consumers switch brands for better quality. This shows that
quality has an important role to play while it comes to switching behaviour over
impulse goods.
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Yes 23
No 14
Maybe 23
Yes No
Maybe
Almost 77% of the consumers have said that they will or may switch brand if
the new brand has a better quality even though its priced above Rs.40. However
18% of the consumers who said yes to the previous question have said no due to
the raise in price with better quality. This means that business may lose a
considerable amount of sales by increasing their product price 35 or above.
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Healthy 23
Taste 36
3%
38%
Affordable Healthy
Tas te
59% of the consumers purchase packaged milkshakes for taste and 38% are
health conscious people. So from this its clear that taste is a very important
factor affecting consumer preference.
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5%3%
occasionally I buy
it often
From the above two charts its very clear that Brand awareness of Britannia’s
milkshake brand is very low among consumers and it is the first most
requirement for a consumer to try a brand for at least the first time.
42% of the consumers have said that they were aware of the product but never
bought one, this may be due to the pricing factor which is above the threshold
level of Rs.35 and which would have affected the purchase intention of
consumers while they happen to compare price with other brands because
previously we have seen that over 985 of the consumers compare price with
other brands for a better deal and another reason facilitates this behaviour is that
in organised retail stores all brands under similar category are placed together in
the same shelf, which eventually tempts consumers to compare price.
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CHAPTER 8
CONCLUSION
There are four major factors affecting consumer switching behaviour when it comes to the
flavoured milk market. The four factors are Price, Quality, Package and Brand awareness.
According to the current strategy implemented by Britannia for their flavoured milk brand –
Winkin Cow, Price, Packaging and Brand awareness has a negative impact over consumer
switching behaviour. These three variables act as barriers which prevent customers from
making a purchase. The quality of the product has a positive impact over consumer switching
behaviour because consumers feel that Winkin Cow’s Quality is one of the best among top milk
shake brands.
When customers make a simple value calculation before they do a purchase they feel that one
positive and three negative factors make a negative value and hence hesitate to switch from
their regular brand. The company can use their positive factor to penetrate into the market
and also make some changes in those three negative factors to increase customer purchase
intention by triggering a switching behaviour by giving better value than the competitor. This
can be done using the following suggetions.
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CHAPTER 9
CHAPTER 10
REFERENCE
• Gupta, Alok, (2004), “An Empirical Study of Consumer Switching from Traditional to
Electronic Channels: A Purchase-Decision Process Perspective”
• Harvir S. Bansal, Shirley F. Taylor, (1999), “The Service Provider Switching Model
(SPSM):A Model of Consumer Switching Behaviour in the Services Industry”
• Dean, Alison, Yu, Yi‐Ting, (2001), “The contribution of emotional satisfaction to consumer
loyalty”
• Pei-Yu Chen, Lorin M. Hitt (2002), “Measuring Switching Costs and the
Determinants of Customer Retention in Internet-Enabled Businesses: A Study of the Online
Brokerage Industry”
• Jung-Yu Lai, Sutappa Debarmma, (2008), “An empirical study of consumer switching
behaviour towards mobile shopping: a Push–Pull– Mooring model”