Comparative Analysis On Lipstick Brand
Comparative Analysis On Lipstick Brand
Comparative Analysis
Of Various
Lipstick Brand
LAKME
SUBMITTED BY:
Nabanita Biswas
SUBMITTED TO:
BBA(H),6th sem
Prof Rajkumar Dasgupta
Roll- 23405013041
NSHM College of Management and
NSHM College of Management and Technology.
Technology
~2~
CONTENT
1. ACKNOWLEDGEMENT 4
2. PREFACE 5
3. DEFINATION OF LIPSTICK 6
4. TYPES OF LIPSTICK 7
5. GLOBAL LIPSTICK MARKET 8
6. INDIAN LIPSTICK MARKET 9
7. TYPES OF INDIAN LIPSTICK BRAND 10
8. COMPANY’S NAME 11
9. INDUSTRY PROFILE 12
10. COMPANY PROFILE 13
11. SWOT ANALYSIS 14
12 LAKME VARIETY OF LIPSTICKS 15 – 23
13 RESEARCH METHADOLOGY 24 – 32
14 QUESTIONNAIRE 33 – 46
15 FINDINGS 47
16 SOLUTION 48
17 CONCLUSION 49
18 BIBLIOGRAPHY 50
~3~
ANNEXTURES
ACKNOWLEDGEMENT
My sincere thanks to my all entire faculty members and all staff members for
offering me all kinds of support and help in preparing the project.
I am deeply indebted to my guide Rajkumar Sir for not only his valuable and
enlightened, guidance but also for the freedom he rendered me during this
project work.
My heart goes out to my parents who bear with me all the trouble I caused then
with smile during the entire study period and beyond.
Nabanita Biswas
BBA(H),6th sem
Nshm College of
PREFACE
The project will help to learn about the growing cosmetic brands in India. The
research will also bring to light what all factors a woman considers at the time of
purchase of a new cosmetic.
~6~
Definition of Lipstick
Many colors and types of lipstick exist. As with most other types of makeup,
lipstick is typically but not exclusively, worn by women. The use of lipstick dates
back to medieval times. Some lipsticks are also lip balms, to add color and
hydration.
Ancient Sumerian men and women were possibly the first to invent and wear
lipstick, about 5,000 years ago. They crushed gemstones and used them to
decorate their faces, mainly on the lips and around the eyes. Also Egyptians like
Cleopatra crushed bugs to create a colour of red on their lips. Also around 3000
BC to 1500 BC, women in the ancient Indus Valley Civilization applied red tinted
lipstick to their lips for face decoration. Ancient Egyptians wore lipstick to show
social status rather than gender. They extracted the red dye from fucus-algin,
0.01% iodine, and some bromine mannite, but this dye resulted in serious illness.
Lipsticks with shimmering effects were initially made using a pearlescent
substance found in fish scales.
During the Islamic Golden Age the notable Andalusia cosmetologist Abu al-Qasim
al-Zahrawi (Abulcasis) invented solid lipsticks, which were perfumed sticks rolled
and pressed in special molds, and he described them in his Al-Tasrif.
In Australia girls would paint their mouths red with ocher for puberty rituals
~7~
Types of Lipsticks
There are many types of lipsticks and they can be used according to your mood or
shape of your lips. Here are some types of lipsticks with basic characteristics:
Moisturizing lipsticks - People who have dry lips should use moisturizing
lipstick because it keeps lips soft and smooth. These lipsticks moisturize lips
because of ingredients like vitamin E, glycerin and aloe. Other benefits of
using moisturizing lipsticks are wet and very shiny lips.
Satin and Sheer lipsticks - Other choices for dry lips are satin and sheer
lipsticks. These lipsticks also moisturize and nourish lips and make it shiny
and glossy. Sheer and satin lipsticks have high oil ingredients and they can
appear darker in the package than they are on lips. Another characteristic
of lipsticks with oil components is that it should be reapplied many times.
Matte lipstick - Mate lipsticks are perfects choice for women who are
looking for colorful and nice shade. These lipsticks have effect of flat and
not shiny lips. Your lips can look smother and younger with matte lipstick.
Also it is recommended to combine products with vitamin E and aloe with
mate lipsticks
Cream lipsticks - Women who had small lips should use cream lipsticks.
Lipstick with cream formula is not so shiny, but it has smooth effect on lips.
You can use lip gloss afterward for desire look. Cream lipsticks contain
more wax in order to protect lips, but also can cause effect of dry lips.
Gloss Lipstick - Gloss is very popular lipstick for women with thin and small
lips because make lips shine and enhance the dimension of depth. Gloss
can be combined with traditional lipstick.
Long wearing and transfer resistant lipsticks - Women who don’t have
time to apply lipstick frequently may use long wearing lipsticks. These
lipsticks have formula that keep lips look perfect from 4 to 8 (or more).
They are long lasting until you eat something greasy or oily. Some of them
contain moisturizer to balance the dryness of lips.
~8~
The global lipstick market is predicted to grow with a CAGR of 3.76% during the
2015-2019 periods.
Further, the report states that counterfeit products have a significant negative
impact on brand image and the revenue of the well-established players that they
imitate.
Over the years lipsticks in India have undergone quite a few changes. With the
rising fashion consciousness among Indian women lipsticks had to be refurbished
by most of the cosmetic companies in India. The latest trend in the lip color
market is lip gloss.
The introduction of the lip gloss was precisely targeted for the younger women
and the teenager. Women started getting more aware of the shades that suited
them, the look that the lip color imparted to their lips and the gloss or shine
provided to their lips by the lipstick.
The cosmetic industry has been growing at a steady pace for the last few years.
The industry was affected by the economic downturn but managed to pull itself
up in 2009. Today the cosmetic industry in India stands at ` 3,000-crore. The
cosmetic market in India is categorized into organized and unorganized. Since
cosmetics are products used on the skin people do not like to experiment too
much with local brands.
According to a survey carried out by AC/Nielson the lipstick market in India is
estimated at 116 crore. Out of this the organized sector contributes almost 78
crores. The organized sector mostly consists of the Top Lipstick Brands in India.
India is home to several domestic and international lipstick brands. The top
lipstick brands in India are Revlon, Lakme and Maybelline. These lipstick brands
are known for their wide variety of lip colors. Their lipstick collection offers you a
plethora of choices. Be it glamorous Metallic lipsticks, the Velvet Matte Lipsticks
or the subtle and shimmering lip glosses you are sure to get carried away by the
stunning shades and lipstick types.
Lakme which is currently leading the lipstick market in India accounts for a market
share of 40 per cent. Revlon which is gaining popularity among the Indian masses
stands at 19 per cent followed by Maybelline which is responsible for holding a
market share of 14 per cent
~ 10 ~
Lipsticks have always been one of the most important cosmetics used by women
in India. Lipstick culture is nothing new to India. It easily dates back to almost fifty
years. Be it the quintessential Indian bride or the teenage college kid the Indian
female always loves wearing lipstick.
Lakme
Revlon
Avon
Mac
Maybelline
~ 11 ~
Company’s Name:
LAKME
~ 12 ~
Industry Profile
In the Brand Trust Report 2012, Lakme was ranked 104th among India's most
trusted brands and following the next year it was ranked 71st among India's most
trusted brands. In 2014, Lakme was ranked 36th among India's most trusted
brands according to the Brand Trust Report 2014. The company is the title
sponsor for Lakme Fashion Week (LFW) a bi-annual fashion event which takes
place in Mumbai.
~ 13 ~
Company Profile
Sector – FMCG
Segment – Personal care items ------ Cosmetics, skin care, & hair styling products.
Positioning – A brand that takes care of you and your beauty needs.
Competitors - Revlon
Yardley
Maybelline
Loreal
~ 14 ~
SWOT Analysis
Strengths
Lakme was the first major beauty brand in India with a legacy of over
50 years
Has a foot print of over 1200 assisted sales outlets, which is the
largest span of outlets with “Beauty Advisors” in the country
Vast range of products and services offered
Has a market share of around 20% in India
Lakme started its new business in the beauty industry by setting up
Lakme Beauty Salons all over India (110 salons at present)
Lakme brand boasts over 300 products, used in professional hair
salons in over 70 countries around the world
Weaknesses
People with sensitive skin avoid skincare products
High service costs involved
Reports regarding presence of Lead in lipsticks
Opportunities
Improving its bond with beauty and fashion is through the Lakme
Fashion Week, which is now the largest fashion event of its kind in
the country
Lakme Beauty Training Academy set up in Mumbai, Delhi, Chennai
Threats
International Brands coming into the domestic cosmetics market can
be a threat to the market share held by Lakme over the years
Availability of cheap local brands and imitations
~ 15 ~
Lakme Varieties of
Lipsticks
~ 16 ~
Say hello to Lakme's newest offering, Lip Love Lip Care - a range of dual core lip
balms, the first of its kind in India. Available in 4 flavors - Cherry, Strawberry,
Peach and Vanilla. Lip Love is 'a little tint with lots of love'. Keep those lips
moisturized and protected with a winning combination of a luscious creamy core
along with a hint of tint and SPF 15. Lakme's Lip Love tinted sticks are here to
make sure you enjoy the best of both worlds!
Key Features
Product Price
Rs 200
~ 17 ~
Lakmé Nine to Five brings you a range of 15 shades that sit on your lips all day
long. Enriched with Vitamin E; it conditions your lips & softens them with wheat
germ oil. So, perk those soft, smooth lips with a touch of matte.
Key Features
• Matte Finish
• Vitamin E
PRODUCT PRICE
Rs 400
~ 18 ~
Enrich Satin
One of Lakmé’s most popular and mainstay classic lipstick range, Lakmé Enrich
Satin lipsticks are back in a whole new avatar. A fresh, stylishly sleek look in its all
new metallic packaging makes it even more desirable.. The pallete has also gotten
trendier with 10 all new vibrant shades!
Launched over 15 years ago, the range now has 40 gorgeous shades that have left
lasting impressions on every Lakmé woman. Designed to match every Indian skin
tone our Lakmé Enrich Satin Lipsticks continue to keep your lips moisturized &
satin soft, with vibrant & long-lasting colour.
Key Features
New packaging
Range of 40 shades
10 brand new shades
Suitable for Normal to Dry Skin
Contains vitamin E
Contains olive extracts
PRODUCT PRICE
Rs. 260
~ 19 ~
Lakmé Absolute’s latest range of high definition Sculpt lipsticks has arrived! One
stroke of contoured perfection is all you need to get a chiseled, long wear
experience with a rich matte finish. Available in 15 dramatic shades (the brightest
shades so far in the Absolute range), Lakmé Absolute Sculpt Studio Hi-Definition
Matte Lipstick is your go-to professional product that provides nothing less than
an expert finish.
KEY FEATURES:
PRODUCT PRICE
Rs 700
~ 20 ~
It’s time for the backstage trend to take center stage as Lakme introduces its very
own playful take on lip tints. Say hello to Lakme Absolute Lip Pouts - a chubby lip
colour pencil that gives you a luscious tint with a scintillating matte finish.
Available in 6 classic matte colors, Lakme Absolute Lip Pouts is your go-to lip tint
for that effortlessly vibrant and playful look.
KEY FEATURES
PRODUCT PRICE
Rs. 650
~ 21 ~
Enriched with Vitamin E & Wheat Oil, Lakmé Absolute Matte Lipcolor keeps your
lips soft, smooth & silky with every application.
KEY FEATURES
Vitamin E
Wheat Oil
Long Lasting
PRODUCT PRICE
Rs 525
~ 22 ~
This Luxurious lip color gives higher colour delivery. Enriched with Vitamin E and
Wheat germ oil this rich creme stick keeps your lips silky, soft and smooth.
KEY FEATURE
Vitamin E
Wheat Germ Oil
Long Stay
Luscious Creamy Finish
PRODUCT PRICE
Rs 675
~ 23 ~
Now get super luscious lips with this revolutionary gloss that gives you high shine,
high coverage for a lacquered finish. Recommended by Lakmé makeup artists for
super glossy lips.
KEY FEATURES
PRODUCT PRICE
Rs 700
~ 24 ~
Research Methodology
Objective of study
Sources of data
Research design
Sampling design
OBJECTIVE OF STUDY
To understand the attitude and the perception of the respondents towards
cosmetic products.
To understand the growth of cosmetic sectors in today’s scenario
To study the respondents awareness towards lakme
To know people’s perception about varieties of lakme lipsticks available in
the market
To understand peoples consumer behavior with reference to cosmetics.
~ 25 ~
SOURCES OF DATA
Secondary Sources Of Data – Secondary data are those, which have been
collected by some other person for their purpose and published. Secondary
data are usually in the shape of finished products. External data were
generated from magazines, research books and internet.
TESTING OF HYPOTHESIS
The test of hypothesis begins with an assumption about the population from
which the sample is drawn. According to Prof.Morris Ham Bury, “A hypothesis is
simply a quantitative statement about a population”. Hypothesis testing deals
with a procedure, which accepts or rejects the hypothesis.
Null Hypothesis
Alternate Hypothesis
NULL HYPOTHESIS
The null hypothesis is a very useful tool in testing the significance of difference. It
states that there is no real difference in the sample value and population value in
the particular value under consideration. This means that the observed difference
is due to the random fluctuations. The null hypothesis is denoted by Ho.
ALTERNATE HYPOTHESIS
As against the null hypothesis the alternative hypothesis specify those values that
the researcher believes to hold true, and he hopes that the sample data lead to
acceptance of this hypothesis as true.
~ 27 ~
TYPES OF ERRORS
LEVEL OF SIGNIFICANCE
Confidence with which the null hypothesis is accepted or rejected depends on
what is called significant level. The probability, with which we may reject a null
hypothesis, when it is true, is called level of significance. Therefore the level of
significance is the risk, statisticians running in his decision. The level of
significance is denoted by ‘a’. It is better to keep level of significance at a low
percentage. It means that we should not reject a true hypothesis.
ACCEPTANCE REGION
This represents the region with which the calculated value of the statistics must
lie to accept the null hypothesis. If calculated value lies in this region then the null
hypothesis will be rejected.
~ 28 ~
It is the number of classes to which the values can assigned arbitrarily without
violating the restrictions or limitations placed. It is calculated using the following
formulae.
DOF = (r – 1) * (c – 1)
Where,
r = number of rows
c = number of columns
DOF = (n -1)
Where,
An underlying assumption for the entire project is that the details and the
feedback received from the population are true.
It was difficult to find respondents as they were busy in their schedule, and
collection of data was very difficult. Therefore, the study had to be carried
out based on the availability of respondents.
Some of the respondents were not ready to fill the questionnaires and
some of them were not ready to come out openly.
~ 31 ~
TEST OF HYPOTHESIS
Whether the consumers are satisfied with Lipstick variations and services of
Lakme Company.
COSMETIC
CUSTOMER’S
PRODUCT SERVICES TOTAL
SATISFACTION
(Lipstick)
SATISFIED 53 48 101
DISSATISFIED 7 12 19
TOTAL 60 60 120
HYPOTHESIS:
Level of significance: 5%
Tab = 7.8
Cal = 1.25
Tab = 7.88
Since, the calculated value (1.25) is lesser than the tabulated value (7.88), null
hypothesis (Ho) is accepted, i.e. alternate hypothesis (Ha) is rejected. It means
consumers are satisfied by the product (lipstick) and services of LAKME.
~ 33 ~
QUESTIONNAIRE
Ans: Table showing that Lipstick of which company are mostly used.
GRAPHICAL INTERPRETATION
70%
60%
50%
40%
30%
20%
10%
0%
LOREAL LAKME MABELLINE LOTUS
~ 34 ~
Ans: Table showing that which makeup product is being used on a regular basis.
GRAPHICAL INTERPRETATION
60%
50%
40%
30%
20%
10%
0%
Eye Liner Khol kajal Lipstick Foundation
~ 35 ~
3. Do you think that your product provides you with an option of healthy and
long lasting makeup?
Ans: Table showing the number of people who think that their product provides
them with an option of healthy and long lasting harmless makeup.
GRAPHICAL INTERPRETATION
60%
50%
40%
30%
20%
10%
0%
YES NO MAY BE NOT SURE
~ 36 ~
4. What is the reason that motivates you to use the products of a particular
company?
Ans: Table showing the reasons that motivates the respondents to buy particular
product.
GRAPHICAL INTERPRETATION
ECONOMICAL
TREND SETTER
MEASURABLE RESULTS
EASILY AVAILABLE
~ 37 ~
Ans: Table showing that how much the respondents invest in the buying of
cosmetics.
GRAPHICAL INTERPRETATION
70%
60%
50%
40%
30%
20%
10%
0%
BELOW Rs 500 Rs 500 – Rs Rs 1000 – Rs Rs 2000 AND
1000 2000 ABOVE
~ 38 ~
Ans: Table showing that how many respondents find their cosmetics to be
economical.
GRAPHICAL INTERPRETATION
NOT SURE
MAY BE
NO
YES
7. If you are being asked to choose among one of the varieties of lipstick that
you use, what would that be?
GRAPHICAL INTERPRETATION
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
LAKME LIP LOVE LAKME 9 – 5 LIP LAKME ABSOLUTE LAKME ABSOLUTE
CARE COLOUR LIP POUT GLOSS STYLIST
~ 40 ~
8. What is the key factor which manipulates your decision while buying a Lakme
Lipstick?
Ans: Table showing the key factor which manipulates the respondents’ decision
while buying the product.
GRAPHICAL INTERPRETATION
70%
60%
50%
40%
30%
20%
10%
0%
~ 41 ~
GRAPHICAL INTERPRETATION
60%
50%
40%
30%
20%
10%
0%
EXCELLENT GOOD MODERATE BAD
~ 42 ~
10. Are you aware of the new advertisement campaign of Lakme Lipstick?
Ans: Table showing about the awareness of the new advertisement campaign of
Lakme Lipstick.
GRAPHICAL INTERPRETATION
PERCENTAGE
YES
NO
CANNOT RECALL
~ 43 ~
Ans: Table showing the awareness of respondents about the services provided by
lakme.
GRAPHICAL INTERPRETATION
HEARD
NO
YES
Ans: Table showing how many of the respondents has experienced the services of
Lakme saloon.
GRAPHICAL INTERPRETATION
70%
60%
50%
40%
30%
20%
10%
0%
YES NO INTERESTED
~ 45 ~
13. What is the difference you find between Lakme Lipsticks and other brands?
Ans: Table showing the difference found by the respondents, which make them
use Lakme lipstick over other brands.
GRAPHICAL INTERPRETATION
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
COLOUR SHADES PRICE QUALITY I DON’T USE
~ 46 ~
Ans: Table showing the markings gave by the respondents according to their taste
and preferences
GRAPHICAL INTERPRETATION
60%
50%
40%
30%
20%
10%
0%
EXCELLENT GOOD MODERATE NEEDS
IMPROVEMENT
~ 47 ~
FINDINGS
Lakme is the clear market leader across all age groups and income levels
Majority of the respondents i.e. 60 respondents out of total 100
respondents are using Lakme products. With Loreal in the second number
having 20 regular customers of it. 15 respondents are using Maybelline and
only 5 are using Lotus lipsticks. This shows that lakme has more number of
women using it.
The dissertation shows that maximum number of the respondents is using
Lipstick and Kohl Kajal more than any other makeup products.
58 respondents trust their brand of cosmetics when it comes to healthy
make up. 20 respondents do not find their cosmetics to be healthy in the
sense that the brand uses more of chemicals in its composition
35 respondents use their cosmetic products because they are economical
in nature, while a major portion of the bulk buys the products of a brand
because they show measurable results
68 respondents spend below Rs 500 on their cosmetics. However there are
many people i.e. 14 who spend Rs 1000 – Rs 2000 in cosmetics
Lakme 9 -5 lip colour is the most popular lipstick and mostly used by the
office goers. Followed by Lakme lip love care which is very handy among
the teenagers.
Most of the respondents buy Lakme products due its price effectiveness
and quality.
58 of the respondents have good knowledge about Lakme as a brand
48 respondents are satisfied with the services provided by Lakme
53 respondents are satisfied with the Lipstick product of Lakme.
~ 48 ~
SUGGESTIONS
Lakme should also launch some cosmetic products for males. Today, boys
are even more concerned about their looks.
Lakme should reduce the price of the services provided by the Lakme
saloon, to make it more affordable for everyone.
Lakme can start contests for free makeover of women it will give a good
publicity
Lakme tied up with HUL. Thus it must advertise in these websites also.
CONCLUSION
The different information or benefits derived from the in depth study of the
above mentioned information sources are as follows:
It helps us to know that what is actually consumer behavior and what are
the factors that affect the buying behavior of consumers. It also helps us to
know how perception can have a positive and a negative impact on the
consumer behavior.
There are many other companies posing tough competition to lakme i.e.
Revlon, Maybelline, Loreal, Lotus etc…
BIBLIOGRAPHY
www.Lakmeindia.com
www.wikkipedia.com
www.lakmesaloon.com
www.hindustanunilever.com
www.feminaindia.com
List of Journals