Presentation on Promotional Misfire - Vicco

Post on 16-Nov-2014

807 views 5 download

description

This the PPT used for the competiton on Promotional Misfire held by the Marketing Club of my college. We did on the promotional misfire of Vicco....

Transcript of Presentation on Promotional Misfire - Vicco

PALAN AD AGENCY

PROJECT ON VICCO TURMERIC

ZZZzz….

INDUSTRY OVERVIEW• Total market share of fairness creams –

700 crores• Key players– HLL’s Fair & Lovely – market leader – Cavin Kare’s Fair ever– Emami

• Minor domestic players– Himalaya– Ayur– Dabur– Biotique– Fem– Everyuth

ABOUT VICCO

• Founded in 1952 by late Shri. K.V.Pendharkar.

• Production units at Dombivli, Nagpur and Goa

in India

• 15% of company’s total production goes to

overseas market.

• Ayurvedic products

• Exports : U.S.A, Canada, Mexico, Surinam,

Africa, Mauritius,Fiji,Saudi Arabia,Kuwait.

MISFIRE

• Early positioning - “To be brides”

• Poor promotion

• Monotonous Packaging

• Lack of variety in products

• Core competency – not concentrated on

• Coping up with changing times

CLEAR EVIDENCE

• Ads of Vicco Turmeric cream

SOLUTIONS

• Reposition the product

– Vicco turmeric cream - target the people who

wish for a glowing, healthy looking skin.

• Packaging– A better packaging to build brand equity and drive

sales – Modern look

• Poor promotion

– Take advantage of high brand recall

– Maintain the same catchy jingles

– Competitive advantage appeal and emotional appeal

for advertisement

– Ads can be displayed in more channels

– Promotional activities – offers, discounts, samples, etc

can be given

– Point of purchase displays

– Rejuvenate the brand (brand makeover with a hype)

• Variety of products– Capture the market for men

• Core competency – not concentrated on

– Ayurvedic contents

– First move advantage

• Coping up with changing times

– Instill a feel of empowerment and motivation in

women

– Cultural change and life style

BRAND AMBASSODARS

SHRUTHI HASSAN IMRAN KHAN

THANK YOU!!!