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Marketing Plan of Animal Feed (Summerkool) For Godrej Agrovet
Marketing Plan of Animal Feed (Summerkool) For Godrej Agrovet
Marketing Plan of Animal Feed (Summerkool) For Godrej Agrovet
Animal Feed
(Summerkool) for
Godrej Agrovet
Submittted By
Pankaj K Bhaisare
Introduction
Godrej Agrovet Limited (GAVL) is a diversified agribusiness
company
FY2011-12 sales of Rs. 2439 crore
GAVL's Animal Feed business was started in the year 1972.
The Animal Feed business is India’s largest, producing over
9,57,000 tons annually of high-quality feed and cutting-edge
nutrition products for dairy cattle, poultry & aquaculture.
Today, the business has 40 production units across the
country and more than 22% market share in the compound
feed market.
But now it want to enter in customize feed supplement
business for cattle feed and developed Summerkool feed in
power form packed in 1 kg pack.
Current business situation
Financial results
Its total income from
animal feed during year
2011-12 is Rs 1748 crore
as compared to Rs 1293
crores in 2010-11
Ref: Godrej Industries Limited / Investor and Analyst Meet presentation | June-07-2012
SWOT Analysis:
Strength: Opportunities:
Brand Name
Strong investment capacity and Acquisitions
financial position
Skilled employees Emerging markets and
20% market share in Feed expansion abroad
industry.
40 well equipped production Product and services
units expansion
More product range in product
line. Threats:
Cost Advantages Lower cost of
competitors product
Weakness: Maturing products
Lack of R&D investment Product substitution
Focus on Product Fluctuation in Milk
Prices
Competitors analysis: Porters five
forces
Rivalry: Threat of New entrant Threat of substitute
Existing Competitors: High High
Cargil International, Customer can switch More alternative
Hindustan Animal Government products
Feeds, Pfizer Animal regulation is less available
Health India Limited Low production customer can
and many local players. cost purchase low cost
More competition products
from rivalry.
Bargaining power of
buyers:
High
Bargaining power of Many alternative
Supplier product available
Low Switching cost for
Many supplier for buyer is less
raw material
Contract farming
Marketing Strategy
Mission statement
“We are fully dedicated to producing , selling and serving
livestock farmers by providing the most advanced best
nutritional supplement products throughout life.”
A vision statement
“ Being leader in animal feed market in India by providing
best quality feed supplements which helps to gain trust among
consumers.”
Objectives
Our goal is we want to achieve sales target of Rs 4000
crore in year 2015.
Strategy for Growth: Summerkool in
Ansoff Matrix
Existing Product New Product