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INTODUCTION
For any company selling a product the concepts of marketing and sales are very
important as they can mean the difference between success and failure. While they are
often used interchangeably or grouped together they are two different concepts and it
is important to understand those differences. This article will help you understand
both concepts clearly when it comes to Marketing vs. Sales.
Sales
Sales refers to the short term need to close a sale, get an agreement signed, or
ultimately do what needs to be done to sell whatever it is you are selling. Sales
techniques and strategies are really based on what it takes to 'close the deal', which is
crucial to any business. If you get customers in the door but cannot get them to buy a
product, there is a problem with your sales strategy. Sales strategies are focused on
the individual buyer and what needs to be done for them to pull out their wallet, or
click on the buy button when it comes to online selling. Companies typically set sales
volume targets for a period (weeks, months, and quarters) and have strategies in place
where the individuals responsible for actually selling can make those targets.
Marketing
Marketing is a longer term concept than sales and relates to forward looking strategies
to understand customer needs, influence customer perceptions, and identify how a
company can capitalize on that. The end result of the marketing process, and what it
directly supports, is making sales easier. Marketing techniques and strategies are
really based on what it takes to identify the right product mix, the prices for those
products, and what needs to be communicated to target customers (via advertisement)
in order to ensure successful sales. One of the key aspects of marketing strategies is
building a brand identity for what a company is selling and this varies from company
to company. McDonalds obviously brands their food and advertising far differently
than a luxury steakhouse would do. While sales is really the 'push' to buy the product
once the customer is there, marketing is the 'pull' that gets the customer to you in the
first place. When marketing is done effectively it can also make sales a far easier job
for a company, as the customer can already be convinced and ready to buy by the time
they actually enter your store (or website). Sales can still succeed without very
effective marketing but it certainly makes the job more difficult.
Marketing strategy should not be confused with a marketing objective or mission. For
example, a goal may be to become the market leader, perhaps in a specific niche; a
mission may be something along the lines of "to serve customers with honor and
dignity"; in contrast, a marketing strategy describes how a firm will achieve the stated
goal in a way which is consistent with the mission, perhaps by detailed plans for how
it might build a referral network, for example. Strategy varies by type of market. A
well-established firm in a mature market will likely have a different strategy than
a start-up. Plans usually involve monitoring, to assess progress, and prepare for
contingencies if problems arise.
The product is a physical object that is put on a market to be sold with a set of
benefits that will meet customer needs. This includes policies and procedures relating
to the product lines including the quality and design of the product. As well as product
research and development for any new products being introduced. The price policies
and procedures relate to the price level of the product and the specific prices that need
to be applied whether it is one price or a varying price. This also includes price
maintenance and promotional deals, specials, credit and repayment terms. The
promotion is all advertising, personal selling, promotions and direct marketing as well
as any other promotional work the business does for the product.This includes the
selection of trademarks and branding of the product whether it’s a family brand,
individual brand or sale under a private label. The last P is Place which includes
distribution channels, market coverage, product inventory, transportation and
distribution sites. This also includes the degree of selectivity among the wholesalers
and retailers and the channels between the factory and the consumer.
Real-life marketing
Real-life marketing primarily revolves around the application of a great deal of
common-sense; dealing with a limited number of factors, in an environment of
imperfect information and limited resources complicated by uncertainty and tight
timescales. Use of classical marketing techniques, in these circumstances, is
inevitably partial and uneven.
Thus, for example, many new products will emerge from irrational processes and the
rational development process may be used (if at all) to screen out the worst non-
runners. The design of the advertising, and the packaging, will be the output of the
creative minds employed; which management will then screen, often by 'gut-reaction',
to ensure that it is reasonable.
For most of their time, marketing managers use intuition and experience to analyze
and handle the complex, and unique, situations being faced; without easy reference to
theory. This will often be 'flying by the seat of the pants', or 'gut-reaction'; where the
overall strategy, coupled with the knowledge of the customer which has been
absorbed almost by a process of osmosis, will determine the quality of the marketing
employed. This, almost instinctive management, is what is sometimes called 'coarse
marketing'; to distinguish it from the refined, aesthetically pleasing, form favored by
the theorists.
An organization's strategy combines all of its marketing goals into one comprehensive
plan. A good marketing strategy should be drawn from market research and focus on
the product mix in order to achieve the maximum profit and sustain the business. The
marketing strategy is the foundation of a marketing plan.
IMPORTANCE OF MARKETING STRATEGY
In marketing, there is strategy and there are tactics. A lot of marketing, in practice, is
preoccupied with what I call tactical experimentation. This is the act of throwing all
kinds of things out at the world or at broad demographic targets to see what works. As
you do this you are spending money, potentially lots of it. The idea in this method is
to do this until you find some marketing actions that work, and when you find them
you can then do more of those.
This process often results in the classic Wanamaker dilemma—”Half the money I
spend on advertising is wasted; the trouble is I don’t know which half.” He
was speaking of advertising, but the principle applies.
Marketing strategy allows you to use pathways and footholds that apply your limited
marketing budget more effectively (everyone’s marketing budget is limited).
Marketing strategy facilitates your ability to apply marketing money to the correct
half of the Wanamaker equation—the half you are not wasting on audiences who do
not value your message.
To illustrate this principal with one of our own rather straightforward examples, when
we looked at the South Bronx as a marketplace for the Bronx Museum, the situation
we saw was reflected by the first competitive advantage diagram below; here, there is
nothing in their offer, as understood by the consumer, that is of any perceived value.
The strategy, therefore, could not be to simply support the institutional desire to
communicate about all the great art that was on exhibit
1.1OBJECTIVE OF STUDY
1.2SCOPE OF STUDY
Human beings are governed by ideas and beliefs. Consumers of this day no longer
buy merchandise and services but experiences. Mass Customization is the new
paradigm that replaces old ideology of market segmentation; an idea which is no
longer found suitable for today's turbulent markets, changing customer needs and
growing product variety. Mass customization proactively manages product variety in
the environment of rapidly evolving markets, products and services. This study
attempts to study the reasons which have lead to the phenomenal success of Baba
Ramdev's marketing strategy of Mass customization and that also in an era of high
individual customization.
Research methodology typically involves a full breakdown of all the options that have
been chosen by a company in order to investigate something. This would include the
procedures and techniques used to perform the research; as well as any of the
terminology and explanations of how these methods will be applied effectively.
Primary data
Primary data is a type of information that is obtained directly from first-hand sources
by means of surveys, observation or experimentation. It is data that has not been
previously published and is derived from a new or original research study and
collected at the source such as in marketing.
Data originally collected for investigation are known as primary data. It involves large
expenses in terms of time energy and money. In India there are various agencies
which collect primary data. National sample survey organisation is one of them.
The main method of collecting the primary data are as follows:
1. Questionnaire method.
SAMPLE SIZE:59
Secondary data
Data obtained from published or unpublished sources are known as secondary data.
Secondary data is all the information collected for purposes other than the completion
of a research project and it’s used to gain initial insight into the research problem. It is
classified in terms of its source – either internal or external.
Common sources of secondary data for social science include censuses, organisational
records and data collected through qualitative methodologies or qualitative research.
Primary data, by contrast, are collected by the investigator conducting the research.
Secondary data analysis saves time that would otherwise be spent collecting data and,
particularly in the case of quantitative data, provides larger and higher-quality
databases that would be unfeasible for any individual researcher to collect on their
own. In addition, analysts of social and economic change consider secondary data
essential, since it is impossible to conduct a new survey that can adequately capture
past change and/or developments.
The main sources of secondary data can be classified data can be classified in two
groups
(a) Published sources
(b) Unpublished sources
Published data: - there are certain international, national and local agencies which
publish statistical data on a basis certain periodicals are published regularly.
Unpublished data: - there are various sources of unpublished data such as the records
maintained by the various government and private officers, studies made by research
scholars in the universities and other research institutes, etc.
Sources of secondary data
1. Internet
CHAPTER-2
COMPANY PROFILE
Patanjali Yogpeeth in Haridwar, Uttarakhand is one of the largest Yoga institutes in
India. Named after the Ancient Yog Guru Patanjali, the Institute is Ramdev's flagship
project & has been set up for treatment, research & development
in Yoga and Ayurveda, as well as the manufacturing of ayurvedic medicines.
It is a center of Yoga and Ayurveda activities in India built on the name of Maharishi
Patanjali who invented Yoga 5000 years ago. The ashram is run under the guidance of
Swami Ramdev Ji Maharaj who has revived Yoga and spreading it all over the world.
Patanjali Yog peeth is open to everybody. Located on the Haridwar-Delhi highway at
Kankhal, very near to Roorkee, Patanjali Yogpeeth offers treatment for all and has
residential accommodation.
Yoga has ability to cure even fatal diseases and Baba Ramdev has proved it many
times. Ramdev Baba has spread Yoga to such an extent that sooner or later, everyone
has to embrace it. Patanjali YogPeeth Trust is the dream project of Baba Ramdev. It
was inaugurated on August 6, 2006. Baba Ramdev's aim was to build the world's
largest center of Ayurveda, Yoga and Pranayama. Patanjali YogPeeth provides
facility for treatment for diseases, research and a teaching University for Yoga and
Ayurveda. This trust is located 13kms from Haridwar. The estimated cost of the
project was 10 billion. During inauguration, Sudarshan Agarwal, Governor of
Uttrakhand, said "Patanjali Yog Peeth will soon be the ambassador of Yoga for entire
world”.
According to associated news press, The Patanjali YogPeeth project was divided into
3 phases. Phase one was basic construction. The second stage comprises of
serviceable guesthouses, herbal gardens, yajnashala, meditation caves and many other
facilities. It will be the biggest Yoga and Ayurvedic center in the world. Third stage is
opening a University of Yoga and Ayurveda. Baba Ramdev wants to flow river of
Yoga in each and every region, whether in a village or city. The confidence which
Baba Ramdev exuberates compels people to at least give his Yoga a try. Millions of
people practice Baba Ramdev's Yoga and Pranayama. Ramdev Baba's TV programs
broadcast in several countries including America, Europe, Australia, Asia and Africa.
Viewership is quoted as being 20 millions regular viewers. Followers of Baba
Ramdev have claimed relief from a variety of ailments such as Diabetes, Blood
Pressure, Hepatitis, Spondylitis and Obesity. He is the real hero who devoted his
whole life to help people by giving them unknown knowledge of Yoga and
Pranayama.
Swami Ramdev medicines are manufactured in branches well equipped with modern
equipments, certified by the international standards GMP, GLP & ISO 9001. Swami
Ramdev's pharmacy makes the medicines pure and rich in quality. Medicines
manufactured go through quality control and quality assessment tests. Patanjali
Yogpeeth is operating Patanjali Hospitals in every nook and corner of India, where
one can get life saving Swami Ramdev’s medicines which are affordable to all rich
and poor.
Patanjali Yogpeeth medicines are also available for health care, oral care, hair care
and skin care. Many of the critical ailments such as Cancer, Diabetes, arthritis etc. can
be cured by Swami Ramdev's Medicines. These medicines are low cost, very effective
and available at Ramdev Chikitsalaya. Some of very effective Ramdev medicines
are Mukta Vati for high blood pressure, Madhunashini Vati for Diabetes, Medohar
Vati for Obesity.
Swami Ramdevji Maharaj is a historic personality. He has written new history in the
areas of yoga-prananyam and ayurvedic treatment methods. In this regard the work
done by the organization established by him namely Patanjali Yogpeeth
(Trust), Divya Mandir (trust), Patanjali Yog Samitis, Divya Yog Pharmacy Trust
and branches, will be written in golden letters on the pages of history. The ambition of
these establishments are to reach yoga and Ayurveda to the 700 crore global
population along with Indian culture and words of the sages. To encourage the use of
Ayurvedic medicine, Swamiji manufactures superior quality and proven medicines in
Divya Yog Pharmacy.
Swami Ramdev's medicines are manufactured in branches well equipped with modern
equipments mostly in Haridwar and other places, certified by the international
standards GMP, GLP & ISO 9001. Swami Ramdev also has a botanical garden near
Patanjali Yog Peeth where the herbs and medicinal plants are grown.. Under Swami
Ramdev's guidance an industrial unit is also established called Patanjali Ayurved
Limited which produces pure and high quality minerals and plants products through
scientific methods. Swami Ramdevji and Acharya Balkrishna ji have tried to combine
the ancient knowledge with ultramodern technology.
Some people could not digest the increasing fame of Swami Ramdev and they started
negative campaigning against Swami Ramdev with the help of media. The qualities of
Swami Ramdev’s medicines were doubted. When these medicines were tested in the
lab all the allegations proved baseless and Swami Ramdev came out spotless amidst
the acid test. This resulted in unexpected increase in the demand of medicine of
Swami Ramdev. Baba Ramdev's pharmacy puts in all the efforts to make the
medicines pure and rich in quality. All the medicines manufactured go through strict
quality control & quality assessment tests, Toxicological study - Animal trials,
clinical tests.
Swami Ramdev is working towards the goal of establishing the ayurvedic products at
par with the international standards and to make it known across the world. To
encourage the use of Ayurvedic medicine and amongst Swami Ramdev's
revolutionary thoughts, one is that the farmers of India should adopt the cultivation of
medicinal herbs and plants along with fruits and vegetables.
Patanjali Yogpeeth is a renowned name in the field of medical science, rendering free
services to millions of people across the globe through Yoga and Ayurveda.
Divya Pharmacy has had the exalted vision to bring Ayurveda to society in a
contemporary form and to unravel the mystery behind this haloed and revered, Indian
system of medicine by exploring and selecting indigenous herbs, ancient Ayurvedic
literatures and subjecting the formulations to modern pharmacological, toxicological
safety tests and clinical trials to create new drugs and therapies.
Divya Pharmacy tries that medicines should possibly be available to common man at
the minimum cost price. In the year 2002-03, modernization of the pharmacy has been
done. A new expanded unit of the pharmacy has been established well equipped with
machines based on modern techniques.
PLC controlled herbal extraction plant commissioned in the pharmacy is used for
extracting from the various parts of the medicinal plant like the leaves, The salient
feature of this plant is the production of medicine using latest SCADA technology
under controlled environmental conditions of temperature and pressure. The extract
concentration is achieved under vacuum drying preserving the maximum valued
contents of the herbs.
Quality of the medicines so produced is of the highest level. This unit has the capacity
of extracting from 10,000 kgs. of raw herbs. The desired fluid component is added to
this extract in the process of making the medicines.
For the manufacturing processes in Divya Pharmacy automatic high speed spray drier
unit, for quick liquification a fluid wed processor, tablet compressing device with the
capacity for preparing one lac tablet per hour, high speed auto-coater for coating the
tablets, high speed mixer-grinder, fluid wed driers and cleaning, crossing &
pulverizing units have been established.
From nowhere to everywhere, Brand Baba seems to be pervasive. Yoga has been
there in India since time immemorial, it has been synonymous with sadhus( saints)
who usually after relinquishing their mundane world in search of God or Nirvana used
to keep them healthy, fit, let them channelize their energy and control their inner self
toward a single goal. In marketing parlance we can think of it as a product which was
restricted to a very small segment of society, had some exclusivity attached to it,
expertise of saint in performing it and a luxury which could only be afforded by the
disciples of saints.
Developing an effective pricing strategy remains the most important and difficult part
of the marketing process. For instance, a nominal 1 per cent increase in price
realization will boost net income by 6.40 per cent for Coca-Cola and 28.70 per cent
for Philips. The price-positioning and the value-delivery mechanisms should be done
with one rule in mind: the performance of the product, or the value associated with it
should always be higher than the price. For instance, a company that has either a
product or a service whose performance or value is medium would do well to follow a
low-cost pricing strategy.
Well in tune with this, Baba Ramdev's potion of Pranayama is cheap. He urges people
not to lose hope or suffer and depend on expensive treatments. Indian Pranayama
Yoga is there to help treat all the ailments completely without costly medicines,
operations or surgery.It is amazing, but it is claimed to be true that this is the cheapest
and the only complete cure to most of the so called incurable diseases like Diabetes,
Cancer, HIV & AIDS too.
So, how does the company do it?
“There are four reasons why Patanjali’s products are cheaper than competition,
“Patanjali’s top management takes no salary and they have no big expenses,” the
report added. Ramdev, the face of the brand reportedly doesn’t own any stake in the
company. His close confidant, Acharya Balkrishna, is the managing director.
Ramdev’s brother Ram Bharat runs day-to-day operations, while Deepak Singhal, a
pharma veteran and Ramdev follower, is the chief strategy officer.
For years, Patanjali relied on direct marketing by the yoga guru’s disciples and
instructors. According to brokerage firm, CLSA, Patanjali has the potential to reach
out to more than 200 million directly or indirectly linked to his yoga programme.
This year, however, Patanjali has firmed up plans to spend almost Rs300 crore on
advertisements across television, radio, print and digital media. Overall, it plans to
invest Rs1,000 crore to set up exclusive stores, and ramp up online distribution.
The fourth and last reason is the company’s ability to maintain very low profit
margins, according to the Kotak report.
Patanjali follows a very smooth Supply chain management. The three parts of supply
chain are product flow, cash flow and information flow. In supply chain of Patanjali
all these are maintained very smoothly. Supply Chain of Patanjali can be well
understood with the help of some examples. First we will take the example of sale of
Patanjali products. They sell their products only through their own outlets opened in
almost every district/city of India. Each outlet sends its demand to central office at
Haridwar. Then based on demand, different products are gathered from various units
of Patanjali viz. Divya Pharmacy, Patanjali Ayurved, Patanjali Foods etc. Then the
items are delivered to the respective outlets mainly through Patanjali transport. This
shows a good example of Supply chain management. Next we can take the case of
Patanjali Gram at Uttarkashi. Here Swami Haridasji has presented a very good
example of SCM. They collect cow urine from rural households. After initial
filtration, it is sent to Patanjali Food and Herbal Park where it is processed and is sent
to various Patanjali outlets for distribution. The part of money received from the sale
of cow urine is kept by Patanjali Food and HerbalPark Limited as processing cost and
the rest is sent to the village. Some amount is distributed to the people as a price of
cows urine, rest is used for the development of the village like establishing necessary
infrastructure, building schools etc. The Patanjali Mega Food Park (PMFP) has been
envisaged to help in creation of enabling infrastructure for food processing and a
comprehensive ‘farm-to-plate’ supply chain system. The initiative aims to seek
maximum value addition by backward as well as forward integration between the
farmers, factory and the market. It can be said that the supply chain doesn’t have any
intermediary in between but rather it’s a direct from supplier to producer to consumer.
This also helps in reducing the cost because it avoids the unnecessary commission
cost and other related charges of the intermediaries
Sales and Distribution Patanjali follows various modes of distribution for their
products.
They provide sale of products through their website with online payment facility.
These products can be procured through post also by sending the required amount
through demand draft etc.
Patanjali has opened “Patanjali Chikitsalayas” and “Patanjali Arogya Kendra” in
almost all the cities of the country from where all the Patanjali products can be
procured easily. A Patanjali trained Ayurvedic doctor also sits in every A shop is
established for sale of products wherever a yoga camp is organized.
Patanjali has prepared disease specific CDs which they sell through their various
outlets.
2.4 PROMOTIONAL STRATEGY
Edwin L. Artzt quoting the chairman and CEO of P& G has likened advertising to
exercising saying that "Think of advertising and promotion as exercise and recreation.
Advertising is exercise. It's something you need and it provides long-term benefits,
but it's awfully easy to either cut or postpone because there's no immediate penalty for
not exercising. When you want your brand to be fit, it's got to exercise regularly."
And here's a situation when exercising in itself becomes the object of promotion.
And it all began in the year 2002 when Sanskar television channel started airing Baba
Ramdev's yogic classes; overnight, Baba Ramdev became a sensation he had
hundreds of followers who morphed into thousands. Then Sanskar channel's rival
Astha channel signed him. In two years time he was a hit and with him also the
channel benefited. His TV shows have the largest TRP. Today, he is one of the
biggest draws on Indian television. He can be seen not only on religious channels like
Aastha, but also news and features channels like India TV and Sahara One. Millions
around the country follow his programmes religiously and use ayurvedic medicines
prescribed by him.
There was an eight-month waiting period before one could see Ramdev, he was being
booked that far ahead by television channels for his live yoga classes each morning.
His yoga sessions were beamed live into 170 countries (Bijay Simha, 2007).
Also, Baba Ramdev's pack one DVD, two Video CDs written three books on Yoga,
Pranayama Herbal Remedies and Magazines are available. This set of four
promotional material with a Research Oriented Monthly Magazine of Yog,
Spiritualism, Ayurveda, Culture available in 5 languages can do much to lure
customers. Even healthy people are following his Yoga Pranayama regimen, as
available in his DVDs, VCDs, Books & magazines etc., to keep fit.
It is a well established fact that; "brands set the product and the producer of
that product apart from the competition". There are special though very
obvious facts that this Brand has also mass customized itself to satiate all and
thus have made a distinct place for itself. In an era when the marketers are
faced with the challenge of getting their message heard by consumers who are
hard to find and even harder to influence, this Brand has worked wonders and
all because of its all inclusive image.Baba Ramdev's live yoga classes became
a passion. And it all began in the year 2002 when Sanskar television channel
started airing Baba Ramdev's yogic classes; overnight, Baba Ramdev became
a sensation he had hundreds of followers who morphed into thousands. Then
Sanskar channel's rival Astha channel signed him. In two years time he was a
hit and with him also the channel benefited. His TV shows have the largest
TRP. Today, he is one of the biggest draws on Indian television. He can be
seen not only on religious channels like Aastha, but also news and features
channels like Aaj Tak, India TV and Sahara One. Millions around the country
follow his programmes religiously and use Ayurvedic medicines prescribed by
him. There was an eight-month waiting period before one could see Ramdev;
he was being booked that far ahead by television channels for his live yoga
classes each morning. His yoga sessions were beamed live into 170 countries.
Also, Baba Ramdev's pack i.e., one DVD, two Video CDs, three books on
yoga, pranayam and herbal remedies, and Magazines are available. This set of
four promotional materials with a Research Oriented Monthly Magazine of
Yog, Spiritualism, Ayurveda, Culture and Tradition. Even healthy people are
following his yoga pranayam regimen, as available in his DVDs, VCDs,
Books and magazines etc., to keep fit. Baba Ramdev has got the pulse of the
basic needs of people which is not only limited to food, clothing and shelter
but also includes a healthy life style, and has managed to fine tune his
offerings to suit the needs of all. He has mastered the art of mass
customization and practices the art dexterously so much so that each
individual feels that he is talking to him individually
POSITIONING STRATEGY:
DATA ANALYSIS
AND
INTERPRETATION
Sales of patanjali in the last 4 years
The sales of patanjali has been constantly increasing in the last 4years
thanks to the aggressive marketing strategies used by patanjali in the current
years . the main reason for the increase in sales of patanjali is due to its pricing
strategy and aggressive advertising through bringing the face of baba ramdev in
the group which hs been the influential factor in the sales of patanjali. The sale of
rs5000cr is a mere prediction of the fiscal year 2016-2017 and athe actual sale in
the firts 10 months of 2016 the actual sale is rs3267cr
Profits of patanjali in the last 3 years
The profits of patanjali have been continuously rising and rising in a good
proportion and thus patanjali is using aggressive marketing strategies in the
years.the net profit ratio of patanjali is not as good, but this is a very strong
reason behind the increasing sales of patanjali in the last 4 years
Competitors of patanjali
1) Even though Patanjali’s growth has been rapid, Dabur, emami and Zandu makes up
about 80% of the Indian Ayurvedic market.
2) Threat from established herbal brands like Himalayas, Emami and Jovees who
already have a good pan India presence and are marketing heavily unlike Patanjali.
3) Famous Ayurvedic centers like Kottakkal Arya Vaidya Sala which are well known
even at a global level. They have their own set of products which they prescribe as
part of the treatment which are having patented formulas.
Sales of patanjali for 2016 in comparison to its
competitors
The sales of patanjali of patanjali with its competitors is low but the growth of
patanjali is actually quite high as and when compared to dabur ,godrej
consumer, emami, marico. The current prediction of the sales growth of
patanjali is 150% which would be Rs5000cr.
Patanjali Ayurved Ltd. (PAL) is on the verge on creating a record of sorts. The home
grown company has increased its sales and profits manifolds and is giving sleepless
nights to competitors like Dabur India, Emami and Marico in terms of sales and
profitability in the fast moving consumer goods (FMCG).
If the Haridwar-based company continues its surge, it will soon overtake other majors
in the segment to create a history of sorts. According to Brickwork Ratings, a credit
rating agency, Patanjali Ayurveda has potential turnover of Rs 3,266.97 crore in the
first 10 months of the ongoing financial year which is more than double the figure (Rs
1,587.51 crore) of the last financial year.
Though Patanjali’s turnover and profits are still less than the other FMCG majors, it’s
rise in both has raised many a eyebrows. If Bloomberg report is anything to go by,
Emami’s turnover is Rs.1,953.02 crore in the first three quarters of FY16. Marico’s is
Rs.4,819.61 crore between April 1 and December 31,last year, while Godrej
Consumer Products and Dabur’s figures were in excess of Rs 6,000 crore in the first
three quarters of FY16.
In terms of profit, Patanjali Ayurveda with Baba Ramdev as its brand ambassador
almost doubled its profits from Rs 154.70 crore to Rs. 308.79 crore, reports
Brickwork Rating
1. GENDER
Standard
# Answer Response % Variance
deviation
1 Male 31 53%
2 Female 28 47%
Total 59 100%
2. AGE
Standard
# Answer Response % Variance
deviation
1 below 18 2 3%
2 19 to 25 37 63%
3 26 to 35 11 19%
4 36 to 55 8 14%
55 and
5 1 2%
above
Total 59 100%
3. MARITAL STATUS
Standard
# Answer Response % Variance
deviation
1 Married 16 27%
2 Widowed 0 0%
3 Divorced 0 0%
4 Separated 0 0%
5 Single 43 73%
Total 59 100%
4. EDUCATION LEVEL
Standard
# Answer Response % Variance
deviation
1 Primary 0 0%
2 Secondary 2 4%
4 Graduate 33 55%
Post
5 22 37%
graduate
6 Doctorate 2 4%
Total 59 100%
5. PROFESSION
Standard
# Answer Response % Variance
deviation
1 Retired 0 0%
Civil
2 12 20%
servant
Private
3 9 15%
sector
Self
4 2 3%
employed
5 Student 36 61%
Total 59 100%
9%
25%
52%
6%
8%
77% people strongly agree that patanjali offers large variety of product
while 17% people think that patanjali has not offers large variety of
product.
7. Do you agree that Patanjali products are of high quality?
Strongly agree agree neutral Disagree Strongly
disagree
29% 57% 2% 8% 4%
Column1
Agree Disagree Neutral Strongly agree Strongly disagree
4% 0%
29%
57%
2%
8%
86% people believe that patanjali offers good quality of product but
14% customers are not satisfy with the quality of product.
10%
31%
44%
10%
5%
75% customer thinks that the price of patanjali products are fair but 25%
customer thinks that the price of the product are not fair.
9. Do you agree that the Patanjali products have appealing packaging?
Column1
Agree Disagree Neutral Strongly agree Strongly disagree
8%
42%
29%
17%
4%
10. Do you agree that the Patanjali products have natural ingredients?
Strongly agree agree Neutral disagree Strongly
disagree
29% 71% 0 0 0
Column1
Agree Strongly Disagree
29%
71%
71% customer agree that patanjali products have natural ingredients and
29% customer fully agreed that patanjali have natural ingredients.
11. Do you agree that you are satisfied with the patanjali product?
Srongly agree agree neutral disagree Strongly
disagree
22% 45% 0 19% 14%
Column1
Agree disagree strongly agree strongly disagree
14%
45%
22%
19%
67% customers are satisfy with patanjali product while 33% customer
are not satisfy with patanjali product.
12. Have you faced any problem while using the product?
yes N0
78% 22%
0% 0%
no
22%
yes
78%
78% customer are happy and they do not face any problem while 22%
customer are facing problem with patanjali product.
13. Do you agree that Patanjali products are chemical-free?
Strongly agree neutral disagree Strongly
agree disagee
18% 49% 10% 5% 18%
Column1
agree disagree neutral strongly agree strongly disagree
18%
49%
18%
10%
5%
14. Do you agree that Patanjali products have made a good brand
image?
Strongly agree agree neutral disagree Strongly
disagree
84% 11% 0 3% 3%
neutral
0%
strongly agree
84%
95% people thinks that patanjali product have made a good brand image
while few peoples are not agree with that.
CHAPTER 4
CONCLUSIONS
SWOT ANALYSIS
STRENTHS
a) Low Operational Costs: - The Company enjoys low operational costs and
more operational profit percentage compared to many other big players like
Ranbaxy and Sun pharmaceuticals.
WEAKNESS
a) Strong Global Competition:- PAL has been extensively doing well in India but
to establish it globally, needs a lot of strategy and hard work, due to the
presence of well-established players in the market like BACFO, Himalaya etc.
b) Low Export Levels: - Presently the company is focused only in India.
Extensive growth globally has many hindrances from export policies, to
international rules in the field of medicines etc.
c) Less Promotion: - Where the major companies depend on promotion for its
sales, PAL has kept itself out for some anonymous reasons. The trendz and
statistics have proven that many companies have helped due to promotion.
Promotion will help increase its visibility in the market.
OPPORTUNITIES
a)possibility of inclusion of patanjali in worls’s top mnc’s in the future if
patanjali moves on a good track and continue to grow like this in the future
also
b)patanjali can further diversify in products by adding products to its product
line and thus can conquer a huge market share
c)patanjali can further move in other countries and can expand its routes to
other countries so as to increase its sales and profits
THREATS
a)government regulations can hinder the growth of patanjali which may result
in slow growth of patnajli
b)non supporting behavior of the foreign government in those countries where
ptanjali wants to spread its routes further to expand its markets
Patanjali Ayurved Ltd (PAL) has grown since its inception. Some of
the factors or forces which affected or might affect in future are analysed below using
famous PESTLE analysis.
POLITICAL- Tax policylabor lawenvironmental lawtrade restrictionstariffs
POLITICAL:-
a) Tax Policy: - Presently there are no concessions on the Ayurveda products, but
there are few discussions in the government to levy a tax concession for the
ayurvedic products. Ex-chief minister of Kerala Oomen chandy raised this
issue but was hardly heard. Already PAL have successfully maintained the
price on the cheaper side ranging from Rs25-Rs200 for the products which
costs much higher in homeopathy or allopathy. Tax concession will help PAL
to decrease the price and divert the funding to further research and
development of same.
b) Laws: - Practice of Ayurveda does raise issues of unlicensed practice. Some
Ayurvedic products raise legal red flags. The sale of herbs could be viewed as
“prescribing medicine” or even possible intrusion into unlicensed practice of
acupuncture. Recently PAL was in news for violating labour laws. Also,
political parties have accused company of adulteration time to time. PAL have
to be careful as it could affect their image and brand building in the Indian
market.
ECONOMICAL:-
SOCIAL:-
TECHNOLOGICAL:-
a) Applications of New Inventions and RND; - Inventing a new product is the
best part for a growing company. Doctors and scientists are constantly
working on new inventions and the better version for the old products so
that benefit can be maximized for the general people. AS a part of RND,
Patanjali is constantly working on the medicines of Cancer and AIDS. For
the manufacturing unit in the company, it has high frequency drier unit, for
quick liquefaction a fluid wed processor, tablet compressing device with
the capacity for preparing one lac tablet per hour, high speed auto coater
for coating the tablets and many more.
b) Automation: - Company has PLC controlled packing machine having
capacity of 300-400 volts with automatic blister packing equipment, have
been installed. A utility centre has been set up in the production unit has
two generators with boilers and compressors.
c) Technology Incentives And Rate Of Technological Change: - With the
help of biologists and technology, better options are being created in the
company. With the help of the available technology, new herbs are being
notified and being used in the new medicines. Moreover, company is also
working for new farming ways.
LEGAL FACTORS:-
Ayurveda has its own medicines. There are lots of act related to Ayurveda: The
medicine central council act-1970, the drugs and cosmetics act 1940 and rules made
thereunder, the drugs and magic remedies act 1954 and the rules made thereunder.
The drugs and magic remedies act 1954 and the rules made thereunder for the same.
Except this there are several rules and laws for Ayurvedic medicines and the
processed by which medicines are being formed. Quality assurance need to be
fulfilled by those medicines which are being prepared and laws are there for this
process as well.
ENVIRONMENTAL:-
The main problem which Ayurveda has to confront is seasonable herbs and their
locations. There are lots of herbs which are available in winter season, autumn season
or in summer season. Some herbs are available only on the mountains at very high
location and some of them are not easily identifiable. Technology can help to
construct area where we can do the artificial farming for those herbs by maintaining
temperature according to the herbs.
CONCLUSION:
From the above it can be concluded that:
1) The success of patanjali is purely due to its high quality products and
the price offered for those products
2) Patanjali is getting famous and conquering a huge and progressive
share in the market through aggressive marketing strategies and high
quality products.
3) A large number of people agree that patanjali offers a large variety of
products and products on offer are of high quality and are made of
natural ingredients.
4) Also patanjali products have a good brand image and have appealing
packaging which also attracts people towards them.
5) Patanjali is widely accepted and it can expand its market through
spreading its market in other countries.
6) Patanjali have a varied product line and patanjali can still diversify its
product line further.
CHAPTER-5
RECOMMENDATIONS
RECOMMENDATIONS
4) They can increase their retail outlet and stores in cities across the country
5) Patanjali can expand their markets by entering into new areas as well as
countries to expand further
BIBLIOGRAPHY
REFRENCES