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CB Mini Project MBA21F26 Ashlesh P. Patil
CB Mini Project MBA21F26 Ashlesh P. Patil
CONSUMER BEHAVIOUR
Mini Project Report on:
Guided by:
PROF. G. PRAVIN KUMAR
INTRODUCTION
Shampoo - includes all 2-in-1 shampoos and conditioners, regular shampoos,
anti-dandruff shampoos, and medicated shampoos. Excludes baby shampoos.
The shampoo market in India registered a positive compound annual growth
rate (CAGR) of 11.24% during the period 2015 to 2020 with a sales value of
INR 93,637.83 million in 2020, an increase of 5.44% over 2019. The market
achieved its strongest performance in 2016 when it grew by 13.50% over its
previous year and its weakest performance in 2020 when it increased by 5.44%
over 2019.
The fastest-growing segment of the Shampoo market in India between the years
2015 and 2020 was Anti-Dandruff which registered a CAGR of 17.26%. The
weakest performing segment of the market was Standard Shampoo with a
CAGR of 10.26%. In 2020 Standard Shampoo segment in India’s Shampoo
market accounted for a major share of 74.30%, while Anti-Dandruff stood in a
second position representing 14.07% of the market’s 2020 share.
COMPANY INFORMATION
Vatika red onion black seed oil evolved to fulfill the very need for hair fall and
damage. As to keep hair healthy in this fast-moving and polluting environment
there was a need for a one-stop solution for all the problems which is effective
and ayurvedic. Onion Shampoo with black seed oil helps to revive your
tiredness resulting in strong & lustrous hair. This hair shampoo is infused with
red onion extract, black seed oil is known to help in the rejuvenating-tired scalp
and weak hair. It also helps to improve hair texture and strengthen the strands.
Onion shampoos are rich in onion juice that is known to stimulate hair
development, fight hair fall, and baldness, prevent dandruff, split ends
premature greying, and make your hair thicker. It enriches antioxidants,
nutrients, and vitamin E that support making healthy hair. It smoothens hair
cuticles and restores shine. This shampoo clarifies blocked roots and nourishes
roots. Black seed oil rich in fatty acids moisturizes roots and optimizes hair
health.
1. Emami
3. Mamaearth
4. Khadi
5. Spantra
Dabur Vatika red onion black seed oil shampoo is available in a single variety
of packaging which is 300 ml.
CONSUMER BEHAVIOUR ANALYSIS FOR THE
PRODUCT
b. Being the most used brand the satisfaction level of customers and the
value for money given by the company made customers retain the brand.
Vatika shampoo was launched in 1999 and contributed Rs. 80 crores to
Dabur’s revenue.
d. Customer motivation:
With Vatika launching a red onion black seed oil shampoo the customer
will be willing to buy with the motivation of having a product that is
chemical-free and ayurvedic.
Price
From the vast competition within the hair care trade, Vatika has been
forced to stay up a relatively low worth. It offers products in terms of
small sachets ranging from Rs one to bottle prices of Rs 169.
Vatika uses a value-based evaluation methodology in its marketing mix
during which the price is decided in keeping with the perception of users.
as compared to the competitors like P&G, Vatika maintains a way
cheaper price. Nevertheless, Vatika has used lower costs if and once
markets were required to be punctured.
The evaluation strategy alongside the aggressive selling strategy has
enabled Vatika to retain its position united among the market leaders
within the hair care market globally.
Place
Vatika positively catches the attention of the buyer with the intense
packaging it has. Moreover, the supply and visibility of Vatika are quite
high because it is available at each grocery store, retail store, and
convenience outlet.
On a bigger scale, Vatika is accessible in over eighty countries and
encompasses a market leader position in countries like India, Thailand,
Indonesia, and Sri Lanka. The distribution happens through Dabur and
there’s a separate team for handling the segmentation. because the market
is big and unfolds geographically, the distribution network is sort of in-
depth. except for the normal channel approach, warehouses are
maintained to account for the demand. the most important places of sale
of Vatika products are the grocery stores.
Promotion
Vatika has always been a brand that has focused on vigorous marketing
and promotion. the overall route of promotion through newspapers and
other mediums, television advertisements has been adopted by Vatika.
Celebrities like Priyanka Chopra promotes the brand. ‘Your hair by your
side’ is the tagline used by Vatika. It also increases consumer
participation by having interactive games and quizzes.
It also launched a web all-girl community which has helped in increasing
brand awareness among the target group. This initiative also ended up
getting large-scale media coverage. Vatika also included professionals
and experts in producing shampoos which emphasized the quality of the
brand. Vatika has proactively been involved in advertising and marketing
its products which have helped the brand achieve its current status. Vatika
has a unique way to associate and acknowledge the requirements of its
potential customers through its interactive website.
Product
Product is one of the most important components of the Mamaearth. The
Start-up that Keeps Toxin Safe Marketing mix. The distinctive
characteristics of the product by Mamaearth. The Start-up that Keeps
Toxin Safe are:
Quality
Ease to use
The benefit of product consumption
Price
Mamaearth The Start-up that Keeps Toxin Safe marketing mix focuses on
a hybrid strategy for pricing to obtain maximum value for its products.
The marketing mix Mamaearth the Start-up that Keeps Toxin Safe uses a
combination of several techniques for pricing its products, which are
detailed below:
Premium
Psychological
Geographical
Bundle
Place
Mamaearth The Start-up that Keeps Toxin Safe places high importance
on the placement of its products because it directly relates to accessibility
for consumers.
Company-operated stored
Licensed stores
E-commerce
Supermarkets and hypermarkets
Partner agents
Promotion
The marketing strategy for Mamaearth the Start-up that keeps Toxin Safe
also places high importance on the promotional tactics and strategies
used. The promotional strategies allow the Mamaearth Start-up that
Keeps Toxin Safe to interact with the consumers and influence them
directly. Mamaearth The Start-up that uses a 360-degree approach in its
promotional activities and makes use of the following means of
promotion:
Digital marketing
Reward Programs
Community Influencers
Conventional methods
CONCLUSION
Vatika being the ayurvedic and nontoxic series of oils and shampoos from the
parent brand Dabur is most trusted by the customers. Dabur being the dominant
brand in the Indian market also affects the buying behavior of the products.
Vatika red onion black seed oil shampoo is mostly purchased by the consumers
either teenage or middle be it male or female. Results of the shampoo suggest
damage and hair fall control. Dabur promotes the product which influences the
customers through TV ads and social media. Influence is created in such a way
that the consumers who don’t have any issues also buy the product to avoid
future problems and damage.