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m at the Monde selection since 1970 35% share of the total biscuit market 15% share of the total confectionery market 14 manufacturing units for biscuits & 5 manufacturing units for confectioneries Parle has largest such manufacturing units in India Annual turnover 2000 crores It has provided its products to the mass with the affordable range.
HISTORY OF PARLE
In 1929 a small company by the name of Parle products emerged in British dominated India. A small factory was set up in the suburbs of Mumbai, to manufacture sweets and toffees. Parle name has grown in all directions, won international fame and has been sweetening people's lives all over India and abroad. Parle Products also has 7 manufacturing units and 51 manufacturing units on contract.
Product Range
Biscuits Parle G Milk Shakti Parle - Magix Krackjack Monaco Digestive Marie Hide & Sick Confectionary Melody Mango bite Poppins Kismi Toffee Orange Candy Must Bites Sixer
Cont..
Largest manufacturer of biscuits since 80 years Quality, nutrition and great taste. More than 1500 Wholesalers an 1.3 Million retail outlets Faith and trust Example of marketing brilliance for Competitors 65 % of Glucose Biscuit market.
MARKETING STRATEGIES
Initiatives taken by parle for parle-g as a marketing strategies . Target young generation, i.e. school going children, Associate with various Government initiative like, Primary Education scheme, National Rural health mission centres, Mid-day meals being serve in primary school, This will help in Brand Registration, Associate Parle G as health food, and complete nutrition package
Parle G has adopted the Market Penetration strategy i.e. low price along with capturing of a large market Also they focus on providing good quality products at the same time, which means it uses the value pricing method. The value-for-money positioning helps generate large sales volumes for the products. Parle G is available in Re 1,Rs 2, Rs 4 to Rs 25 packet Profit margin for distributors is 4% and for retailers is 10- 12% Parle-G maintained its price of Rs.4.00 for the last 12 yrs & has seen the variation in its sales due to increase in price by mere 50p.
REASONS FOR MARKET LEADER: Mass Production i.e. Volume Cost Cutting: They are in Backward Integration so that to cover The profit by introducing sugar plants, Maida plants as well as Packaging Plant. Taste
CONCLUSION
PARLE is one of the best manufacturing company of Biscuits and other products among their Competitors. Looking at the challenges and the opportunities which rural markets offer to the marketers ,it can be said that the future is very promising for those who can understand the dynamics of rural markets and exploit them to their best advantage like parle.
PARLE Company using new technology. That is the key point of Success of PARLE.