Lifebuoy
Lifebuoy
Lifebuoy
The Indian soap market is worth 7000 crore approx. The Industry includes about 700 companies with combined annual revenue of about $17 billion www.indianmirror.com It is highly concentrated with the top 50 companies holding almost 90% of the market The market is growing at 7% a year, could increase to 8%
HUL
28.01%
Godrej
Nirma
1.75% 54.30%
6.74%
9.20%
www.managementparadise.com
For WeP Peripherals only
Competitors
Sales
Time
Various Stages
Launched in 1935 in India Lifebuoy Worlds largest selling soap brand Down market brand to Upscale brand First revamp: 2002, carbolic soap to toilet soap, contains Active B for superior bathing experience Market Share in bath soaps sector rose from 12% to 18% Second revamp 2004: A new curved shape (easy grip and modern look) Value Addition to product: Twice as good as others in preventing germs that cause body odour, acne and infections Lifebuoy varieties: Strong, Fresh, Gold and Naturals
For WeP Peripherals only
STP
Then Segmentation Geographic Age Income Lifestyle Personality Target Positioning Rural Youngsters/Hard Workers Lower Sports oriented, outdoor oriented Achievers Product Specialization Now Rural + Urban Whole Family Lower + Middle Holistic view (Kids, Mothers) Caring Full Market Coverage
Traditional, Male, Victorious Health for the entire concept of health family
Source: Idris Motee Brand 2.0 Advanced Brand Strategy Master Class
For WeP Peripherals only
Profits rise and fall at different stages of the product life cycle
Products may require different marketing, financial, manufacturing, purchasing and human resource strategies in each life-cycle stage
Brand Identity
Product Life Cycle Brand Life
Brand Identity
Introduction Growth Maturity Decline Realization of the communicative function of the brand Source: Brand Life Cycle: Theoretical Discourses, Lina Bivainiene
For WeP Peripherals only
Primary Awareness
Brand Rejuvenation
Review the current business strategy
Offerings Costs of producing and delivering them Primary customers
10