Thursday, June 3, 2021

Britannia Industries Ltd. Part-1

 

Britannia Industries Ltd.

Eat Healthy, Think Better


Introduction- Britannia Industries Limited is one of the Indian foods and beverage company which was founded in 1892 (129 years ago) in Calcutta. This is a Public company and its headquartered situated in Kolkata. Now this company is a part of the Wadia Group (The Wadia Group is one of the oldest conglomerates of India) headed by Nusli Wadia (Chairman of Wadia Group). 4,480 employees working in Britannia Industries Limited. They come with a partnership, then changed the name “The Britannia Biscuit Company Limited. But they again decided to change the name to “Britannia Industries Limited” in 1979.  
 
The company sells its Britannia and Tiger brands of biscuits, dairy products and breads throughout India and in more than 60 countries across the world. Britannia is among the most trusted food brands which manufactures in India’s favorite brands like Good Day, Tiger and Marie Gold.
 
Britannia is one of India's 100 most Trusted brands listed in The Brand Trust Report at 2007. Britannia has an estimated market share of 38% in India.
 
Britannia’s total biscuit value sales, 18% are from savory biscuits and crackers and 82% are from sweet biscuits. In Britannia baked foods category, 87% consist of bread products, 13% are cakes. 
 
Vision of Britannia is to dominate the beverage and food market in India with a distinctive range of Tasty yet healthy Britannia brands. 
 
Mission of Britannia is to dominate the beverage and food market of India through a lucrative range of Tasty yet healthy products by making every Indian a Britannia consumer.

Company’s product categories and product features– Britannia Industries Limited has many products portfolio. It deals with varieties of Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.

Britannia India is a brand which many generations of Indians have grown up.

1)    Biscuits- Britannia Industries Limited have 11 varieties of biscuits i.e., Good Day, Crackers, Nutrichoice, Marie Gold, Tiger, Milk Bikis, 50-50. Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic and Nice Time. In 2006, Tiger biscuit is the mass market brand which boost the sales in $150.75 million which includes exports to the U.S. and Australia. This amounts to 20% of Britannia revenues for 2006.

Biscuit is one the fastest growing categories within Fast moving consumer goods (FMCG). The per capita consumption of biscuits in India relative to certain developed economies is quite low and offers important opportunities for category growth. In view of the widespread penetration of biscuits among households more than 90%, the opportunity for innovation and scale is large in this category.




1)    Breads- The bread category has been experiencing significant transformation through the introduction of healthier variants and the company has been leading this revolution. Britannia Industries Limited have 5 varieties of Breads i.e., Whole Wheat Breads, White Sandwich, Breads, Bread Assortment and Daily Breads. 

2)    Dairy Products- Britannia Industries Limited deals with 4 types of dairy products which includes beverages i.e., Cheese, Milk based beverages, Fresh Dairy and Everyday Goodness. The company not only sells dairy products to the public but also trades dairy commodities business-to-business (B2B). Britannia dairy products directly reach 100,000 outlets which earn the revenue 5%.

3)    Cakes- Britannia Industries Limited have 7 varieties of cakes i.e., Gobbles, Tiffin
Fun, Nut and Raisin, Muffles, Layerz, Rollyo and Fudgeit. The year 2018-19 has
seen the company launch 3 new formats of cake and it intends to further work on its innovations in the cake category. The Britannia aim is to lead the market through launch of many new-to-market products and thereby, retain its strong market share and competitive position. 

4)    Rusk- Double baked bread, otherwise known as Rusk or Toast, is a traditional category. The company which is already the leader in the market, has launched a new brand “Toastea”, offering an innovative milk rusk of superior quality to its consumers. The company's strategic expansion plan is based on the principle of ‘One new market a year’ which means to make a strong frame in upcoming marking. The company plan to expand through local operations in South East Asia and Africa in the coming years.


5)    Creme Wafers- Britannia Industries Limited have only one varieties of Crème wafers i.e., Treat Crème Wafer. The business operates with 13 factories and 4 franchisees selling close to 1 Million locals daily across more than 100 cities and towns of India.

6)    Croissant- Britannia Industries Limited have only one varieties of Croissant i.e., Treat Croissant.

Products Features of Britannia Industries Limited

 

Britannia Industries Limited believe in better quality of ingredients to provide his customers.  Britannia made their products which is 100% vegetarian. For cow’s milk product which is used in dairy products of Britannia, they highly care about the taste, color, size of its products like the physical parameters. Generally, it depends on the type of milk used to make these products of Britannia.

1)    Zero Trans Fat- Britannia Industries not care about the products only, even they take care of customers too. So, they made some of the biscuits, cakes, dairy products in that manner which will not increase the Fat of consumer.

 

2)    Britannia Cheese- Britannia cheese is made with a recipe which is developed post extensive research in trying to understand the Indian palette, which is made to deliver a delicious taste. Even this cheese is made from one of the largest factories of cheese in India. Chesses requires a cold temperature when the product is transport. So, they care about it because this product has to cover a nationwide.

 

3)    No sugar- some of people demands that they want a cookie sugar free. But they also want its cookie will deliciously creamy, soft, very smooth and luxurious to taste. So, they made of some of the products sugar free like cheese cake, biscuits and many more. 

 

4)    Britannia Butter- The salient features of this products are pasteurized table butter which is rich yellow color having a rich creamy taste and iodized salt is added. Milk fat is 80% having no sugar. 

 

5)    Britannia Milk- First of all, they boil Britannia milk at 1350 Celsius to kill bacteria and ambient. They packed milk inside the Tetra pack with six layers of total protection which is also available in slimz range 0% Fat and 0% Cholesterol.

 

6)    Britannia Ghee- This ghee is made up of cow’s milk fat, which is in yellow color and fine grains. The Goodness of Cow’s mike which is rich aroma and milk Fat 99.7% with rich of vitamins.

There are many more products of Britannia Industries limited which is not possible to mention it all with full of detail. 


All IMC tools and strategies

To interact with consumes and understand their buying behavior- During the process of selling Britannia products in store, it was very important that we should have to know what are customer want, need is, his buying actions, the customer, powerful and all the aspects impacting the buying actions example public etc. Britannia do a small study which had been performed by making them complete a set of questions while interacting with them and selling goods to them. 

Certain customers were product devoted toward their particular brand and they don’t want to switch to other brand, but many were willing to change to the low costs that Britannia was providing, in the customers mind. 

Brand Ambassador of Britannia Industries is Salman Khan which endorse its range of 'Tiger' brand of biscuits. According to Britannia, Salman Khan will play a role in further enhancing Tiger's core values through his association in presenting the brand, its products and promotional activities.

 To attract youngster- Britannia created 50-50 as a biscuit snack for young adults with its sweet and salty taste. The salty time pass brand is targeted at the same age group as well, Britannia mariegold, is a respected tea-time offering that is packed with wheat energy and has found much favor with health-conscious urban adults. Good day, a cookie filled with rich ingredients is a healthy everyday treat for whole family. They even provide an offer of 20% extra on all biscuits. 

When Baahubali movie release, the craze of movie was extremely high. So, they decide to print the packet of Baahubali in biscuits. By giving an enthusiasm that those who eat this biscuit will become a Baahubali. 

 

 

  Promotion is the one of the major aspects in marketing strategies. To create a strong brand image of Britannia Industries Limited, use different type of promotional activities such as advertising, sales promotions and public relations etc. It helps in increasing the brand awareness. Britannia Biscuits are available to consumers, even in the most remote places and in the smallest of villages with a population of just 1500 only.

  The marketing mix is a business tool used in marketing. Marketing decisions generally fall into the following four categories of Britannia Industries Limited: a) Product

b)    Price

c)     Place (distribution)

d)    Promotion

The goal is to make decisions that the four P’s on the customers in the target market in order to create perceived value and generate a positive response.

Product of Britannia Industries Limited
a. Consumable good like Britannia biscuits, cakes, dairy items, etc.


b.    
Different size and shapes like Britannia milk packets.

c.      Good for health, tasty, attractive packaging like Tiger biscuits and bourbon.

d.     Good quality and in a number of variants.

e.      Brand image of fun, taste and health.

Price of Britannia Industries Limited

a.      Market penetration pricing for product like tiger biscuit only Rs.5

b.     Product quality leadership for products like Good day and Treat.

c.      Special event pricing in festival season like Diwali, New Year, etc. 


Promotion of Britannia Industries Limited

a)     Advertisement- Television, Newspaper, Magazines and Radio

b)    Sales promotion- Small pack of 50-50 with Good day, free gift pack in festive season, rural marketing fair and big malls.

c)     Been a sponsor for many cricketers on Bats.

d)    Lagaan match in 2001.

e)     Britannia Khao World Cup Jaco in 2016.

f)      Interactive web sites.

Place of Britannia Industries Limited

a)     Factories at Kolkata, Delhi, Mumbai, Chennai, Uttarakhand, Bihar and Orissa

b)    All products can be found in all the places

c)     Available in small stores to big retail outlets

d)    Also, they are targeting college canteens as sole contractors for the supply of biscuits and other products. 


Recent promotional campaign

Britannia Industries Limited was extremely active in rolling out the new products. It introduced its Little Hearts brand which is also known as “melt in the mouth” biscuits. Little Hearts Orange (orange-flavored biscuits) and Classic retail for only 10 Rupees. Britannia also added Blackcurrant Treat, Good Day Gingernut, Jam Treat and Good Day Choco-Nut to its growing biscuit line. For the bread and dairy markets, Britannia introduced Milk Man low-fat cheese slices and NutriChoice vitamin-enriched bread.

The promotion strategies use by the Britannia to strengthening its brand association with cricket was amazing. As the innovation or craze for cricket and cricketing stars exploited with a fresh perspective to advertised its Britannia Treat Biscuit packet.

Britannia has increased its sales by announcing revamped and variety offers to his customers during the festival seasons like Diwali, Rakshabandan, Independence

Day and many more. They give an offer to customers to get multi packs of Britannia products in one kit with low prices. Some of customers attract to purchase because the style and color of kit is dam pretty. So, they don’t need to wrap it again with follower papers, etc.

 

1)    Small pack of 50-50 with Good day, free gift pack in festival season, rural marketing fair.

2)    Been a sponsor for many cricketers on Bats.

3)    Britannia Khao World Cup Jao” in 2016 promotion further fortified the affinity consumers had with ‘Brand Britannia’.

4)    The Lagaan Match was voted India’s most successful promotional activity while the delicious Britannia 50-50 Maska-Chaska became India’s most successful product launch.  

 

Britannia do many marketing campaigns for their products to influence more sale.

1.)  Over 40 years of childhood friendship- This is the latest video campaign of Britannia Industries, where a daughter give a bite of biscuit to his father. When her father takes a biscuit in half biscuit in hand, he falls in childhood memory and do remembering his childhood. This is emotional happiness appeal in this advertisement. This is the video link https://youtu.be/ICd9aAQRAXw

 

2.)  Britannia Roll You- In this video Campaigns, a mother and his son coming back to home. His mother telling him that whether she purchase all items or not. When his mother asks for Britannia roll, he says that he ate it because it seems to be very delicious. Tagline- “Bite Together Delight Together”. This is the video link- https://youtu.be/6u9bceoaT28

 

3.)  Khushiyon Ki zidd karo- This advertisement of Good Day is so much popular as cast is Deepika Padukone. In this campaign, she gives Good Day biscuits to children who is coming back to school by getting a returns of paper toys. This is

the video link- https://youtu.be/RAwafBq5f0w.


1.)  Instead of video advertisement, Britannia use testimonials for its customer who have used their products daily in order to get feedback. Previously, they put their testimonials in the official website of Britannia India. Result, people think that Britannia is really boost the person when he was tired after job by watching this testimonial of people in the international brands in 2014. This is informative strategy. 

  

2.)  Britannia try more to influence its beverages in the eyes of Indian. So, they come up in the movie of “Koi mill Gaya” in which Hrithik Roshan drink Britannia milk which represent that it can drink all age group whether be a child, actor, younger and elder. 


 



 

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