Marketing Strategies of Haldiram by Mohd Aqil Final
Marketing Strategies of Haldiram by Mohd Aqil Final
ON
“MARKETING STRATEGIES OF
HALDIRAM'S”
A REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE
SUBMITTED BY
MOHD AQIL
ENROLLMENT NO.: 17-4586
BBA Vth (2017-20)
(NOVEMBER-2019)
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BONAFIDE CERTIFICATE
I, Dr. mohd Mehdi certify that the project Report entitled ‘MARKETING
islamia University is an original one and has not been submitted earlier either to
Jamia Millia islamia University, or to any other institution for the fulfillment of the
Date-
(DR.MOHD MEHDI)
Faculty Guide
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DECLARATION
HALDIRAM'.
I declare that the work presented for assessment in this Dissertation Report is my
original work, that it has not previously been presented for any other assessment and
that my debts (for words, data, arguments and ideas) have been appropriately
( MOHD AQIL)
Enroll.No:17-4586
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ACKNOWLEDGEMENT
project would be incomplete without the mention of the people who made it possible
and whose constant guidance & encouragement crowned my efforts with success.
for his support, guidance and valuable suggestions without which I would not have
I would also also like to extend my gratitude to our Head Of Department PROF.
And last but not the least; I regard my sincere and heartfelt thanks to my parents and
(MOHD AQIL)
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TABLE OF CONTENTS
EXECUTIVE SUMMARY
· Objectives
· Research Methodology
· Limitations
ORGANISATION
· Background
· Company's profile
I. Profile
Conclusion
Recommendations
bibliography
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annexure
EXECUTIVE SUMMARY
There are many varieties of snacks foods, which are produced in India, and the type of
snack food varies according to the region. The snacks market has changed with the
advent of innovative products. It has emerged as a fast, customized and large market.
centralized food service system. The primary reason for these changes is the dynamic
snacks business. And in this new arena of increased competition and market
saturation, Haldiram’s is still doing well with highly satisfied customers. As it has
very skilled management who can easily sense customer requirement, maintain
product quality and frequent market research always assures product authenticity in
the market.
This Project has given me a great learning experience and at the same time it has
provided me enough scope to implement my analytical ability. This project has helped
The analysis and study presented in this Project Report is based on data analysis,
maintain its brand equity in the niche market. This Project as a whole provided
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insights into the different facts of marketing in an organization but the major focus
can be divided majoring into four parts viz. market survey, research, promotional
PURPOSE OF REPORT
The purpose of the report is to learn the facets of marketing and do the forecasting of
sales and laminates for Haldiram PVT. LTD. Along with that I have also worked in
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CHAPTER 1
INTRODUCTION
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INTRODUCTION
This project is done under the title “Marketing strategies and Sales &
Distribution”.
Preparing this project I went to each and every distributors & retailers
because I was doing market research & sales research. It include, total market
volume that is being sold in grocery shops, small shops and from distributors
and retailers, shopping malls, big bazaar, and others where chips and
I have collected information about all the products of Haldiram’s but worked
I went to the retailers and saw the chips and Namkeens there I observe the following
things
Ø How much sale is of that particular counter and what the sales volume
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And if we get our product, we used to asked the sales volume, response of
consumer, delivery and thus came to know interest of retailers & consumers.
If we didn’t get our product we said about us, about our products, about the
margin, what about margin difference, comparing the competitors’ product and
And then we made them understand the extra facilities and unique selling point
of our product and make them ready to sale our product. Thus we developed
After this we saw the competitor’s product (quantity) and asked the strength.
We also counted the signage and a stand of all the competitor’s company and
After all I create a daily survey report and listed the total shops & canteens
available nearby. And then analyses the data which was collected from market.
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OBJECTIVES
In marketing only project report is not required there must be some objective
or goal because without any goal and objective , no project Report can be
completed in true sense so the main objective of doing this project Report is
confined to completion of some work that is assigned to you for some reason :-
one can find out the types of channel, by which product is selling and can
Haldiram's
with recommendations.
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RESEARCH METHODOLOGY
DATA SOURCE:
PRIMARY DATA is the first hand data, new data gathered to help solve the
problem at hand. Data is collected personally for the specific project through research.
services.
SECONDARY DATA is the is the second hand data collected by someone else with
DATA COLLECTION:
The data collection method used was survey method which is usually incorporated for
collection of raw information. The survey method has advantage because it helps to
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Survey:
The type of survey undertaken was that of sample type keeping in consideration the
Statistical Tool:
The tool for obtaining the information was questionnaire. A structured questionnaire
was administered. The questionnaire was designed in the view both major and minor
objective of study.
Sampling:
With the customer being unknown and given the time and resource constraints,
After the data was collected, it was tabulated and findings of the project were
LIMITATIONS
1. The sample was collected using sampling techniques. As such result may not give
1. Most of the data being secondary can be biased towards the company.
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4. Most of the information was taken from secondary sources being based on
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Chapter 2
BACKGROUNG AND
PROFILE OF THE
ORGANISATION
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BACKGROUND
HALDIRAM – is a name associated with consumers for sweets and namkeens for the
past six decades in India and abroad. It made its modest start in the beginning 1937 in
Bikaner in the State of Rajasthan. Today the company has diversified into snack food,
sweets, syrups, biscuits and fast food. It is the leader in the Namkeens segment with a
Haldiram's is a huge brand and has diversified its activities into various industries.
The one industry where it is the king right now is the “namkeens” industry. Hence the
project mainly focuses on studying Haldiram's namkeen division, though other areas
Haldiram's offers a wide range of products to its customers. The product range
includes namkeens, sweets sharbats, bakery items, dairy products, chips, papad and
ice creams. However namkeens remain the main area of focus for the group as it
the namkeen market the company has created a niche market. The raw materials used
to prepare namkeens are of best of quality and are sourced from all over India.
The food industry in India is forever changing to suit their consumers' palate,
preference and pocket. All the players in the industry thus, have to constantly adapt to
the ever-changing trends and invent and re-invent themselves to stay in the league.
due to distinct packaging, product quality, traditional taste and authentic Indian
flavour.
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COMPANY PROFILE
Company Logo
Road
City Nagpur
State/Province Maharashtra
Zip/Postal
440032
Code
Country
India
Fax 0712-2680218
Website http://www.haldirams.com/
www.haldiramsonline.com
Products
- Asian Foods
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- Candy & Confectionery
- Processed Food
- Snacks
Awards
Spain in 1994.
Golden Jubilee Celebration for manufacturing the best quality food products.
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· ‘MERA DELHI AWARD – 2004' for the exemplary contribution in the field
of export.
Certifications
· ISO 9001-2008
· ISO 22000-2005
· KOSHER CERTIFIED
· FSSAI CERTIFIED
· EIA CERTIFIED
· BRC CERTIFICATE
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CHAPTER 3
ANALYSIS AND
INTERPREATETION
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MARKETING MIX
Product:
Haldiram's offers a wide range of products to its customers. The product range
includes namkeens, sweets sharbats, bakery items, dairy products, chips, papad and
ice creams. However namkeens remain the main area of focus for the group as it
the namkeen market the company has created a niche market. The raw materials used
to prepare namkeens are of best of quality and are sourced from all over India.
Haldiram's customizes its products to suit the tastes and preferences of customers
from different parts of India. It launched products, which catered to the tastes of
Indian Snack and Chennai Mixture' for south Indian customers. Similarly Haldiram's
company offered certain products such as , ‘Panchratan' and ‘Premium' only during
the festival season in gift packs. These measures have helped Haldiram's compete
shapes, sizes & flavors. It has also recently launched biscuits & cookies.
Table 1.1 on the following page shows the list of Haldiram's products
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Namkeens
2. Bhujia 2. Bhhujia
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10. Peanut Salted
25
65 Gms
1. Kahmiri Mixture
2. Cornflakes Mixture
3. Kaju Mixture
Sweets Syrups (700 ML)
1. Rasgulla (1 Kg Tin Pack) 1. Rose Syrup
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Gift Packs Gms)
· Namkeens
Savouries or namkeens, as they are known, is where the Haldiram's story began.
Savoury snacks have been a part of Indian food habit since ages. They are normally
consumed at teatime. The variety is almost mind-boggling with specialties from all
The company has a team of experienced Bikaneri namkeen makers who employ
techniques that have remained unchanged for over two hundred years. They use the
most high quality and original ingredients. So much so, that even the spices are
grinded in special spice grinders to give that original Bikaneri flavour which no one
else can deliver. Small wonder then that, they have managed to capture a lion's share
namkeen's.
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· Sweets
Sweets, which is must for some, an indulgence for others; and for Haldiram's another
area to establish its superior quality. Haldiram's sweets have found their way into
millions of households and left behind an after taste of great satisfaction, which is not
surprising because all the sweets here are made traditionally, by expert cooks using
the freshest and purest ingredients each day. After which they are tested for quality
and taste. Haldiram's sweets are known for their range too. Delicious sweets like
Rasgullas, Jamphal (Gulab Jamuns), Raj Bhog, Nargisi Rolls, are hot favourites
The fact that Haldiram's sweets are packaged and tinned in mechanized plants, which
gives them a long shelf life of about 12 months, is also of great significance.
· Syrups
Imagine a hot summer day and a tall glass of chilled orange crush to cool you down.
Or a glass of hot badam milk for a cold winter night. Sounds delicious, doesn't it?
And Haldiram's range of crushes and sherbets are another fine example of its plan to
Price:
Haldiram's offers its products at competitive prices in order to penetrate the huge
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· The company pricing strategy has taken into consideration the price conscious
· The prices also vary on the basis of the type of namkeens and the raw materials
used to manufacture it. The cost of metallized packing also has an impact on the
· The company revises the prices of its products upwards only when there is a steep
Place:
The Haldiram's products are distributed all over the country and outside country also.
Haldiram's is successfully exporting its products to USA, UK, Australia, Middle East
& Far East Countries, Germany, Philippines, New Zealand, Nepal, Sri Lanka, UAE,
France, Spain, Italy, Holland, Japan, etc., Haldiram's is an ISO and HACCP Certified
possible reach for its products in India as well as overseas. From the
manufacturing unit, the company's finished goods are passed on to the carrying &
forward (C&F) agent. C&F agents passes on the products to distributors, who ship
them to retail outlets. While the Delhi unit of Haldiram's has 25 C&F agents and
700 distributors in India, the Nagpur unit has 25 C&F agents and 375 distributors.
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Haldiram's also has 35 sole distributors in the international market. The Delhi and
ranging from 8% to 10%. The retail outlets earn margins from 14% to 30%. At
retail outlet level, margins vary according to the weight of packs sold. Retailers
earn more margins ranging from 25% to 30% by selling 30gms pouches (priced at
· Apart from the exclusive showrooms owned by Haldiram's, the company offers its
stores, bakeries and ice cream parlors. The products are also available in public
places such as railway stations and bus stations that account for a sizeable amount
of its sales.
other to stock its products. Moreover sweet shops and bakeries stock Haldiram's
products despite the fact that the company's products compete with their own
products.
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Fig 2.1: Outside Delhi
Haldiram's
Organization
C&F
Distributor
Retailer
Consumers
Distributor
Retailer
31Consumers
B. Functions Performed by the Channel Member
· The main functions of different channel members are to supply goods, to achieve
· One of the main functions of C&F agents is to achieve the targets assigned to
them. They are responsible for all the activities of their areas.
· Maximum sale of the Haldiram's products comes from the Nankeens and other
· The sale of other goods including the sales of its entire outlet is around Rs.150
crore.
C. Order processing
· Sales persons of C&F agents and distributors go to the retailers of their areas
and bring the orders daily. After that they give order in the Corporate Office of
general manager gives order in the factory. (Noida /Gurgaon /Mathura Road)
· As the order is ready to deliver and on confirming from the corporate office,
· Orders within Delhi and the places near Delhi (like Meerut) are delivered
within 24 hours.
· Orders outside Delhi are delivered according to the distance. It takes from 24
hours to 72 hours.
· Every distributor and C&F agent has a fixed day in a week to give an order.
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· Haldiram's has its own warehouse, which is managed by its own staff.
Promotion
Haldiram's product promotion had been low key until competition intensified in the
snack foods market. The company tied with ‘Profile Advertising' for promoting its
products. Attractive posters, brochures and mailers are designed to enhance the
· Different varieties of posters are designed to appeal to the masses. The punch line
for Haldiram's products was ‘Always in good taste'. Advertising depicting the
entire range of Haldiram's sweets and namkeens were published in the print media
of tongues can't go wrong', ‘what are you waiting for, Diwali??' and ‘Keeping
· To increase the visibility of the Haldiram's brand, the company has placed its
hoardings in high traffic areas such as train stations and bus stations. Posters are
designed for display on public transport vehicles such as buses and hoardings.
· Captions are developed that focus on individual products such as ‘yeh corn hai'
(this is corn), ‘chota samosa – big mazaa' (small samosa- big entertainment) ‘yeh
kashmiri mix khoob jamega' and ‘oozing with taste' (for Rasgulllas) promoted
individual products .
· Special brochures are designed for those customers who want to know more about
Haldiram's products. The brochures describe the products and give information
about the ingredients used to make those products. Mailers are also sent to loyal
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customers and important corporate clients as a token of appreciation for their
patronage.
influences purchases. Haldiram's uses the latest technology (food items were
packed in nitrogen filled pouches) to increase the shelf life of its products. While
the normal shelf life of a similar product is under a week, the shelf life of
Haldiram's product is about six months. The company projects the shelf life of its
· Posters highlighting the shelf life of its products carried the caption ‘six months
· During festival season, Haldiram's products are sold in attractive looking special
gift packs.
· The showrooms and retail outlets of Haldiram's give importance to the point of
usually outside retail outlets. The showrooms has sign boards displaying
· Haldiram's has also diversified into the restaurant business to cash on its brand
image. The company has established 6 restaurants overall in India. The restaurant
people who were traveling by train to order food from places where stockists of
Haldiram's, Nagpur unit were located. The customer could order for lunch/dinner
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by sending a demand draft or a cheque to the Nagpur unit or giving the same to
specified local distributors belonging to the Nagpur unit. Along with the
DD/Cheque, customers had to provide information such as the same name of the
train, its likely time of arrival at Nagpur, their names and coach and seat numbers.
· Haldiram's restaurants in Delhi also use innovative ways to attract customers. The
restaurants located at Mathura and Lajpat Nagar have special play area for
children.
· To cater to NRI's and foreign tourists, who hesitate to consume snack foods sold
by the roadside vendors since they do not prepare the foods in a hygienic manner,
Haldiram's restaurant uses specially purified water to make snack foods including
These promotional strategies have helped Haldiram's to compete effectively with the
local restaurant chains such as Nathu's, Bikanerwala and Aggarwal's and with western
A. Advertising Strategy
Haldiram's advertisements have traditionally been copy heavy for various reasons and
do not have any face, known or otherwise, attached to them. They are graphic heavy
as well with extremely vibrant use of colour. Its advertisements earlier had a mature
approach with the base line “Always in good taste”, but of late due to a shift in target
Haldiram's typography contains a very stylized and sophisticated font style, which
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The layout is picture heavy with extensive use of colours as to make the
Initial advertising of the brand contained long copy but this phenomenon has recently
changed as the company is now going in for a very precise and clear form of
THE BRAND
Introduction
The food industry in India is forever changing to suit their consumers' palate,
preference and pocket. All the players in the industry thus, have to constantly adapt to
the ever-changing trends and invent and re-invent themselves to stay in the league.
due to distinct packaging, product quality, traditional taste and authentic Indian
flavour. The company's timely introduction of new products and line extension has
A word of caution for the company though is that it should concentrate on its
branding activities, which will be its saving grace in the future. As the competition
toughens the only thing to see a company through would be its ability to adapt to
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Figure 3.1 on the following page shows the ‘Eleven Brand Definitions'
PRODUCT
BRAND BRAND
EQUITY
BRAND
PROPERTY BRAND NAME
HALDIRAM'S
BRAND
MNEMONI C BRAND
CORE
VALUE
BRAND
POSITIONING BRAND
CHARACTER
BRAND BRAND
POSITION PERSONALITY
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a) Product
Haldiram's products are traditional high quality Indian sweets, namkeens and snack
food items at a premium yet affordable price. They were the first in India to use state-
of-the-art technology for manufacturing traditional Indian snack items thus setting
quality standards and improving the shelf life of the products as well.
b) Brand
When it comes to sweets, namkeens and snack food items, Haldiram's is a name
trusted across the Indian sub-continent. It is a name associated with high quality and
traditional taste.
c) Brand Name
The brand name Haldiram's came from the owner's forefathers and one thing is clear,
the name has been chosen on a purely personal basis. What was chosen as a name for
the company decades ago has today revolutionized the way we look at the ethnic
Haldiram's brand core values are quality, taste, variety, traditional and very Indian.
e) Brand Character
The brand character of Haldiram's that distinguishes it from its main competitor
f) Brand Personality
It is not the brand alone but the manner in which the brand presents its characteristics.
Haldiram's depicts the personality of a man, who is rooted in his tradition out of
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choice and not compulsion. He is very Indian in his tastes, choices and behavior and
g) Brand Positioning
Haldiram's has uniquely positioned its brand. It has positioned itself as a premium
segment product available to all those who can afford it. It is in not perceived to be
cheap but does offer good value for money giving high priority to quality and taste
standardization throughout its outlets, which are suitably located in posh areas of the
city. Initially the brand catered only to the 35+ category with its positioning statement
“Always in good taste” but lately the company has started to target kids and teenagers
Haldiram's has also gained an edge over its competitors by minimizing promotion
costs. Haldiram's once was just another sweet maker but it had moved into trained
brands by improving the product quality and packaging. Through its clever products
& brilliant distribution it has moved into the star category of brands.
h) Mnemonic
Whenever one things of a brand, the first thing that comes to the mind that reminds us
of just the brand and not the features attached to it is considered as the mnemonic for
that brand. In Haldiram's case it is not available as yet but is under consideration. For
the time being the logo itself could be taken as the mnemonic for the brand.
j) Brand Equity
In case of Haldiram's the brand equity is its 70% holding of the entire market for
namkeens, its undisputed leadership in the sweets category and also top of the mind
recall amongst the target audiences' vis-à-vis the competitors in the sweets and
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namkeen market achieved through decades of quality and taste control measures. The
taste that Haldiram's provides through its products is very Indian and yet it maintains
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COMPETITION ANALYSIS
Introduction
To retain and expand its market share for higher profitability a company must
understand it's competitive environment. It must know its competitors, their strategies,
· Analyze the intrinsic long run profit attractiveness through Porter's 5 force
model.
· Frito Lays
· Bikano
· MTR
· Unorganized Sector
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However the comparison is restricted to Frito Lays, as this is the closest competitor of
Haldiram's.
Levels of Competition
This analysis covers all four levels of competition for Haldiram's: Brand, Industry,
bikano , frito
sweets
consumer dollars
A. Brand Competition
Brand Competition includes other companies offering similar products and services to
the same customers at similar prices. Here, the brand competition would be all the
companies selling Namkeens along the same lines as Haldiram's. Because of this
brands like Bikano, Frito Lays, etc… and the unorganized sector are considered as
brand competitors.
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B. Industry Competition:
The namkeens industry is essentially made up of a few players producing the same
product partially differentiated along the lines of quality, styling and services. This
means that the namkeens industry follows the pattern of ‘Differentiated Oligopoly'.
C. Form Competition:
Form competition essentially means that competitors who produce products that
supply the same service. In case of Haldiram's Namkeens, it faces stiff competition
from traditional snacks like samosas, kachoris etc. and others like salty biscuits,
pizzas, burger and bakery items as people tend to substitute namkeens very easily with
these products.
D. Generic competition
Generic competition essentially includes those companies competing for the same
amount consumer money. In case of Haldiram's, it includes all edible products in the
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Porter's Five Forces Model
Porter's five forces determine the intrinsic long-run profit attractiveness of a market or
a market segment. The following is the analysis of this model with respect to
Haldiram's:
Haldiram's did not face any intense segment rivalry in the initial stages and some time
after that, but the last few years have seen a lot of players entering the
namkeens/snack food segment. This has led to various new products being introduced
by all. Variety and higher quality standards have been set & the companies are
competing with each other to grab a larger market share in this segment and hence
there is evident segment rivalry. The primary and potential threat that appears to
Haldiram's is from the unorganized segment with its lower pricing and variety in the
products.
There is a threat of new entrants especially from the unorganized sector that has lesser
quality pressures. The entry and exit barriers are both low leading to stable returns,
therefore big companies may enter this segment looking for a quick profit.
Threat of substitute products arises from the ability of the consumer to substitute
namkeens by other things that suit him. For example ice creams, biscuits, bakery
products. Like wise and outing for burger and other fast food items may also
substitute for namkeens. The players have to monitor prices closely as a fall in the
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prices of these substitute products may lead to a price cut in the namkeen segment as
well.
45
4) Threat of Buyer's Growing Bargaining Power
significant portion of the buyers' cost. The buyers do not seem to be very price
sensitive and nor are they more concentrated (buyers are distributed across a wide
Suppliers are unorganized and there are a lot of substitutes available to the company.
Moreover the number of suppliers being large and the size of the suppliers being very
Figure 6.1 on the following page shows the ‘Porter's 5 Force s Model' with respect to
Suppliers
· Many
competitivesuppliers
· Low costs to switch
suppliers
· Size small as
compared to company
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SWOT ANALYSIS
Introduction
A. Strengths:
· Haldiram's has a large product basket for the customers to choose from. One of
the biggest reasons for their namkeen segment succeeding is the continuous
· Their products are known among the most hygienic products available in this
segment.
· Their packaging is attractive and innovative which makes for easy discernment of
their products on the shelves is safe and keeps contents fresh for long.
Industry Competitors Buyers
· Approval by FDA-HACCP, ISO 9002 and SPA stand testimony to the emphasis
Substitutes
· Though a large percentage of their consumers are middle-aged customers who are
fond of namkeens, yet they are successfully catering to all age groups and sections
of society.
B. Weaknesses:
· Haldiram's doesn't lay emphasis on the need to carry out market surveys either to
· Haldiram's started advertising its products too late, as it is not a firm believer in
big marketing budgets and lavish promos because of which they might have lost
environmental norms, which may affect their Goodwill in the long run.
· The Haldiram's group consists of three concerns that are independent of each
other and also there is a lack of collaboration between the three concerns, which
· The company is not as cash rich as its competitors, which gives its competitors an
edge.
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C. Opportunities:
· Though till now, Haldiram's presence in the western snack foods segment is
restricted to potato chips. It has plans to market convenience food products in the
· If the company starts associating itself with other brands, it will help strengthen
· Haldiram's doesn't have any special namkeen for the kids and teenagers segment,
· Greater scope to increase market share and profits as they have just started
penetration.
· To cut into the unbranded sector by reducing prices to capture value conscious
customers.
D. Threats:
· A large number of competitors have started entering this segment which might
erode the market share of Haldiram's. For example companies like Frito Lay's,
ITC, etc, which is cash rich companies, can actually undercut Haldiram's profits as
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· As there are three concerns under the Haldiram's group, the quality standards
differ substantially and any irresponsibility on the part of any one concern will
have a negative impact on all the three as they share the same brand name.
· Competitors such as MTR, Tasty Bites and ITC have already entered the western
snack food market and taken the initial advantage whereas except for potato chips,
competitors will cut into its market share as they do advertise on a large scale.
STRENGTHS WEAKNESSES
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OPPORTUNITIES · Existing customer base · Opportunity to spread
resorted to.
· Ability to use superior
fragmentation and
51
THREATS · Overcoming competition · Conflict between
· Lack of transparency
in the organization,
difficulty in raising
expansion.
· Lack of Corporate
Social Responsibility
the organization.
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SWOT Matrix – 2(Fig 4.2)
STRENGTHS WEAKNESSES
5. Technology concerns
8. Quality
9. Exports
11.Rural penetration
12.Online selling
OPPORTUNITIES THREATS
image.
3.Kids and teenagers segment
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5.Radio advertising western snack foods market.
The following chart shows the distribution of the respondents according to the age
group:
more than 50
6% 15-20
6%
41-50 21-24
9% 19%
31-40
22%
25-30
38%
A. Consumption Patterns
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Do you consume Haldiram's products?
NO
9%
YES
91%
answered in the positive, which translates into almost 91% of the sample size.
This establishes the superiority and awareness of the product among the people.
Also another interesting point observed was that the three who didn't consume
Haldiram's products weren't actually averse to Haldiram's products but did not
consume them because they either didn't consume namkeens generally or had
Namkeen Consumption
Prefer Local Snacks?
OTHERS 7
MTR 3
Brand
BIKANER 14
YES
LEHAR 21
LAYS 21
34%
HALDIRAM'S 29 NO
0 10 20 30 40 66%
No. of Respondents
· Another point that came across was that when questioned about the consumption
of other brands, the closest competition for Haldiram's came form Lehar and Lays
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as 21 of the surveyed people consumed these too. Also only 34% preferred local
snacks when compared to branded snacks which shows that the branded snacks
B. Brand Loyalty
1-3 years
31%
6mths- 1 year
10%
less than 6 mths 6mths- 1 year 1-3 years greater than 3 yrs
· 59% of the respondents have been consuming Haldiram's namkeens for over 3
years while 31% have been consuming it for between 1-3 years. With the arrival
prove brand loyalty which is established very firmly in this case. Thus the chances
rather low as there has been no switching of brands by any of these respondents.
Those who have tried it have maintained their loyalty towards it. This is again re-
iterated by the following chart, which depicts the perceived change in the quality
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Factors Influencing Buying Behaviour of Namkeens
Factors Packaging
Quality
Price
0 5 10 15 20 25
No. of Respondents
· Consumers gave the highest priority to the taste of the namkeens as compared to
the other factors. Quality came in a close second on their priority list. What came,
Feature Preference(s)
30
25
No. of Respondants
20
15
10
5
0
Variety Food Taste & Hygiene Nutritional Price Packaging
Quality Value
Very Important Important Somew hat Important Least Important Not at all Important
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· Again when asked to rate the importance level of six factors, the results were
somewhat important. Also the opinion on the price feature was divided as
somewhat important and some even didn't find it important. The strongest
factors that influenced the buyer while purchasing namkeens were Food taste
and quality and Hygiene. The majority of the respondents rated these two
factors as being ‘Very Important'. Apart from this consumers also considered
didn't seem to have much of an effect on the buying trends as opinion here
High
41%
Reasonable
56%
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With respect to Haldiram's it was found that 56% of the respondents considered the
however solved when viewed in the light of the following graph that analyses the
95
Total Score
90
85
80
Packaging Variety Price Quality Hygiene Taste
Factor
· In the above chart, the respondents were asked to rate the factors based on a 5-
point scale, 5 being the highest. The total score for each factor has been computed
again the same trend of hygiene and taste being given the highest priority is
reiterated. The confusion relating to the price factor is solved as ‘Price' gets the
least priority among the people surveyed. Hence people don't mind paying for
Haldiram's namkeens as long as they get a tasty and hygienic product as value for
their money. Once again Packaging, which is a top priority for Haldiram's, fails to
get top priority among the consumers and finishes fifth on the priority list. This
may lead to dissatisfaction among the consumers but the presence of it does not
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I find Haldiram's Namkeens nutritional
value...
27
R espondants
30
N o. of
20
10 5
0
0
Minimal Adequate Healthy
respondents felt that the nutritional value was minimal while none of them felt
that it was healthy. But despite this the average consumer still prefers to buy
Haldiram's namkeens thereby proving that the lack of sufficient nutritional value
No
31%
Yes
69%
Haldiram's and any other brand, 69% are of the view that there does exist a
levels while buying. Thus it can concluded that buying behaviour of the
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This translates into a positive for Haldiram's, as the consumers, in spite of trying
The survey also sought to know as to what the consumers expect in the future from
Haldiram's Namkeens and otherwise. Many creative ideas came out. With regard
toNamkeens, people are looking forward to popcorn, cheese balls, much more variety
in the wafers, banana chips, roasted nuts, etc… Many of the respondents are seeking
low calorie namkeens from Haldiram's and there is also a demand for many more
varieties in bhujia's. The minimal nutrition levels do not seem to be affecting the
buying trends of the consumers right now; but as people are becoming more and more
health conscious, in the future consumers might be looking forward to low calorie
namkeens and snacks from Haldiram's. Apart from the Namkeens segment, the
consumers in general are looking forward to products like masalas, milk and milk
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FINDINGS
· Consumers have started increasing their consumption of other brand items which
is evident from the fact that 29 of the 32 respondents eat Haldiram's Namkeens
while a close 21 each eat products of Lays and Lehar. However local snacks seem
to be losing their hold on the consumers mainly because of their lack of stress on
hygiene and quality. However, consumers seem to be very loyal towards the brand
called Haldiram's primarily because of the high priority they give to taste, quality
· Another interesting finding that is that in the absence of the role of the
‘Influencer', the roles of the ‘Decider' and ‘User' seem to be shared by the same
person.
· The consumers have given top priority to ‘Food taste and Quality' and ‘Hygiene'.
consumers and attract new consumers, Haldiram's needs to maintain and even
· One aspect, however, that Haldiram's needs to focus on is their price. 41% found
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price cut by it's competitors may influence the buyer to drift towards another
brand.
and this is established by one of the findings whereby 91% of the total
‘Competition Analysis'
· There are no two ways about the fact that when it comes to the namkeens segment
Haldiram's is way ahead of its competitors. It has a very strong brand loyalty,
which is what makes the task of its competitors even more difficult. However with
the entry of Lays, MTR into this segment and the prior presence of Bikano in this
segment the competition has really heated up and the market share is gradually
being grabbed by various players. Hence its important for Haldiram's to keep
innovating and concentrating on its strengths – quality and taste in order to further
· Another thing that Haldiram's has to be wary about is the immense form
substituted. There are various substitutes like salty biscuits, bakery items but the
biggest threat that it faces is the traditional snack items like samosas,
· Another plus for Haldiram's is that it has started targeting the international market.
It now doesn't face any major competition in this market and can hence make the
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best of it. This long-term strategy of Haldiram's has already started yielding
results.
CHAPTER 4
CONCLUSION &
RECOMMENDATIONS
64
CONCLUSION
The market is clogged with dominant players such as Frito-Lay India, PepsiCo's snack
foods arm, which has almost brought in a snack-chip revolution in the country,
Haldiram's and the Delhi-based snack-food-retailer Bikanerwala Foods Pvt Ltd etc.
Even the dairy major Mother Dairy has a presence in the category. With the entry of
companies such as ITC and HLL into this industry, it is getting tough for companies
such as Haldiram's who till now have not paid serious attention to its branding
activities.
Increased media exposure, ever increasing purchasing power of the target audience
coupled with their desire to spend more on eating out due to lifestyle changes will fuel
the demand for snack food items and only those companies which have a considerable
share of voice and space in the market will be able to survive. Haldiram's has the
capability of meeting these demands and only requires a certain revision in its
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RECOMMENDATIONS
· Cash in on the call center wave and have tie-ups with business process
outsourcing companies.
· Undertake catering at get together, wedding and kitty parties for women who form
66
BIBLIOGRAPHY
Book Material
Christopher H.
Company Visits
Corporate Office
B-1/H-8,
Websites:
· www.Indianfoodindustry.net
· www.haldirams.com
· www.haldiramsusa.com
· www.bikaji.com
· www.google.co.in
· www.samratnamkeen.com
· The Hindu(www.hinduonnet.com)
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ANNEXURE
QUESTIONNAIRE
o Yes oNo
o MTR o Others
o Yes oNo
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Q6. How would you rate the quality of Haldiram over the period of use?
Q9. How would you rate the following factors in order of your preference?
o Price o Packaging
o Low o Reasonable
Q12. How would you rate the Haldiram's namkeens for their nutritional value?
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o Minimal o Adequate o Healthy
o Yes o No
Q14. Do you think that is there any significance difference between Haldiram's
o Yes o No
70