Haldiram was established in 1937 in Bikaner, India and introduced its brand name in 1941. It has since expanded operations, establishing manufacturing and retail units across India and abroad. Haldiram offers a variety of Indian snacks and sweets and has become a $4 million brand available in stores internationally.
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Haldiram Case Study Group 4 Final Presentation
Haldiram was established in 1937 in Bikaner, India and introduced its brand name in 1941. It has since expanded operations, establishing manufacturing and retail units across India and abroad. Haldiram offers a variety of Indian snacks and sweets and has become a $4 million brand available in stores internationally.
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1937 -Started in Bikaner in Rajasthan.
1941-Brand name HALDIRAM BHUJIWALA introduced.
1950- Expanded the business by establishing a small manufacturing unit of Sweets and Namkeens in Kolkata.
1970- A large manufacturing unit set up in Nagpur.
1983- A retail outlet set up in New Delhi.
1992-A manufacturing unit with a retail outlet set up in Delhi
1995 restaurant in Delhi.
1999: started operating as separate entities. competition among themselves for market shares. PRODUCTS OFFERED : Haldiram namkeens and sweets, crushes, syrups, bakery items, dairy products, sharbats, ice creams
Presently, $ 4 million brand, familiar sight not only in India, but also on shelves across US, Canada, UK, UAE, Australia, New Zealand, Sri Lanka,Nepal, Japan and Thailand.
INTRODUCTION :
PRODUCT : Haldiram offers a various products such as namkeens, sweets, sharbats5, bakery items, dairy products, papad and ice-creams. It launched products to suit the tastes and preferences of customers from different parts of India
PRICE : Competitive price to penetrate the unorganized markets. Prices varies according to weights & type of Namkeens & raw materials. Haldiram's launched namkeens in small packets of 30 grams, priced as low as Rs.5
PLACE : From the manufacturing unit, finished goods were passed on tocarrying and forwarding (C&F) agents. C&F agents passed on the products to distributors, who shipped them to retail outlets. Haldiram's also offered its products through the Internet.
PROMOTION: product promotion had been low key until competition intensified in the snack foods market. Various promotion ideas were used which were creative.
POSITIONING : Haldiram offers ready to eat high quality readily available Indian snacks with excellent packaging which provides increased shelf life to its products. MARKETING MIX: SWOT Analysis Haldirams Strength 1. Quality 2. Research & Development 3. Pricing 4. Latest technology 5. Packaging Weaknesses 1. Low Advertising Budget 2. Too much into traditional Indian items 3. Products not targeted to particular market segment 4. Customer service not up to mark 5. Internal competition.
Opportunity 1. Growing Food Industry. 2. Changes in the Consumers Taste and Preferences. 3. Increase in the Purchasing Power of Families. 4. Prospects for Exports. Threat 1. Availability of substitute goods. 2. Spurious products with Haldiram name. 3. Health conscious or awareness. 4. Increasing competition from Indian and MNC food companies with heavy promotion.
Promotion tactics suggestions Mass market-television FM radio Events in womens club Sponsor cookery shows Sales promotions- Act now due to limited supply! type Loyalty program Promoting the brand personality of Haldirams Rich in taste and quality Down to earth, honest, wholesome, authentic & genuine brand High quality and has rich patronage More Suggestions Anticipate consumer requirements Introduce new flavors in a timely interval Place products near the counters to persuade impulsive purchase Make packaging appealing to the consumers The pack can be designed as a container which can be used by the consumers in future with Haldirams branding on it Diversifying into new innovative products. Target specific segment, like kids and teenagers with unique products. The 3 units of Haldirams should collaborate with each other else will result into brand dilution Never compromise on the quality and taste of the product Expand direct outlets in India as well as abroad. As WOMEN are the buyers for household needs and the deciding factor on what to be served to the guests, Haldiram targets them for their namkeens and other ready-to-eat food needs. In Mithai also, they can come up with sugar free sweets for the diabetic or HEALTH CONSCIOUS CUSTOMERS.