Documentos de Académico
Documentos de Profesional
Documentos de Cultura
AT
KITEX LTD.
KIZHAKKAMBALAM, ERANAKULAM
SUBMITTED BY,
SARATH.V.L
S4 MBA, 2008-2010 Batch.
UNDER THE GUIDANCE OF,
Prof: PRABHAKARAN.
CERTIFICATE
This is to certify that the project report entitled “PRODUCT PLANNING AND
MARKETING STRATEGIES”WITH SPECIAL REFERENCE TO KITEX
LIMITED, ALUVA” is a bonafide record of the work done by ‘SARATH.V.L’ in
partial fulfillment of the requirement of the award of MASTER OF BUSINESS
ADMINISTRATION of COCHIN UNIVERSITY OF SCIENCE AND
TECHNOLOGY at CAMS, THIRUVANANTHAPURAM.
CERTIFICATE
This is to certify that the project report entitled “PRODUCT PLANNING AND
MARKETING STRATEGIES”WITH SPECIAL REFERENCE TO KITEX
LIMITED, ALUVA” is a bonafide record of the work done by ‘SARATH.V.L’
under my guidance in partial fulfillment of the requirement of the award of
MBA 2008-2010
I, SARATH.V.L hereby declare that this project report titled “PRODUCT PLANNING &
MARKETING STRATEGIES” is an original work done by me in partial fulfillment for the
Degree of Master in Business Administration under Cochin University of Science &
Technology. I further declare that this work is not partly or wholly submitted for any other
purpose and that the data included in the Report, collected from various sources, are true to the
best of my knowledge.
Place: SARATH.V.L
Date:
ACKNOWLEDGEMENT
I feel great pleasure in expressing my sincere gratitude to all those persons – without those help
and support, this work wouldn’t have reached its completion.
I am thankful to the Almighty God for giving me strength and wisdom throughout the project
work.
I extent my thanks to my parents, friends and all those who encouraged me directly or
indirectly to complete the project in a better manner.
Thanking you
SARATH.V.L
TABLE OF CONTENTS
CHAPTER 1:
INTRODUCTION 1
CHAPTER 2 3
INDUSTRIAL PROFILE 4
COMPANY PROFILE 6
PRODUCT PROFILE 11
SWOT ANALYSIS 13
CHAPTER 3
REVIEW OF LITERATURE 15
CHAPTER4
RESERCH METHEDOLOGY 18
CHAPTER5
COMPETITIVE ANALYSIS 26
DATA ANALYSIS AND INTERPRETATION OF CUSTOMERS 30
SURVEY.
DATA ANALYSIS AND INTERPRETATION OF RETAILERS 54
SURVEY.
FINDINGS 72
CHAPTER 6
SUGGESTIONS 73
CONCLUSION 74
CONCLUSIION 75
APPENDIX 77
LIST OF TABLES IN THE PROJECT
Sl No. Name of the Table P age no
LIST OF FIGURES IN THE PROJECT
Sl No. Name of the Table P age no
EXECUTIVE SUMMARY
KITEX LTD, KIZHAKKAMBALAM, ERANAKULAM
An over view
Kitex Ltd was incorporated in 1975 at Cochin as a sister concern of Anna Group, a multi
product company that began in 1968 is now spearheading to the new millennium. This company
is devoted to manufacture of aluminum vessels in to a multi dimensional grant with interest in
various fields ranging from textiles to ayurveda.
Kitex Ltd is a textile manufacturing company having a wide range of products like cotton
fabrics, polyester, bed sheets, Lungies, dhothies, pillow cover & inner wears. These are
marketing through a network of over 2500 authorized dealers.
The purpose of the project was to study the marketing strategy adopted by Kitex Ltd for Adonis
& to find out the buying preferences of customers. Hence separate questionnaires were prepared
for retailers and consumers for conducting a true survey. The area covered for the survey is
Thiruvananthapuram district.
Research methodology adopted in this project was exploratory research partly followed
by descriptive research. The discovery of insights, ideas, the analytical familiarity and the
concept clarification is done through exploratory research. Primary data was collected through
questionnaire and personal interview and secondary data was collected through websites,
company documents.
CHAPTER 1
INTRODUCTION
Introduction
The innerwear market in India is currently valued at Rs. 5160 crore in value terms and
80.16 crore units in volume terms The Indian lingerie industry is poised for a great leap
ahead due to the growing domestic demand coupled with huge export potential. There are
more than 1000 Indian brands present, but only 200 are active nationwide. The remaining
cater to markets in the vicinity of their manufacture. The Last decade has witnessed
inflow of many multinational brands in the Indian innerwear market. Many foreign
companies have already set up or are in the process of setting up their manufacturing
units in India in collaboration with local players. India’s vast resources, skilled manpower
and infrastructure attract a lot of foreign investment in the field of innerwear.
This paper brings to light the product offering by Kitex Ltd. and their comparison
with leading brands. Leading brands present in Indian lingerie market have been studied
under the heads of year of establishment, retail presence, styles of products offered, price
range and the best selling categories. The data has been gathered by personal interviews
of fifty consumers and twenty five retailers.
To study the marketing strategies adopted by Kitex ltd for Adonis brand of inner wear for men.
CHAPTER 2
INDUSTRY PROFILE
The innerwear market is flooded with the best of Indian as well as international brands. The
inside story got its first stylish boost when Associated Apparels Pvt. Ltd. makers of Liberty
shirts, launched the world famous Maiden Form bras, Jockey men’s underwear and swimwear in
1962 in India. The brands were an instant success with their style and quality. Because of the
change in government policies the company gave the overseas tie-up and changed the names to
Libertina for lingerie and Liberty for men’s underwear in the late 70s. With the success of
Libertina and Liberty other Indian companies moved into lingerie bandwagon. Peter Pan from
Dawn Mills in the 70s entered the market. The brand was one of the favorites with the Indian
women, but two decades later it vanished from the market. VIP a major player in men’s segment
launched Petals, a lycra moulded cup bra with motifs, which was considered ahead of its time
and was discontinued. But its Lovable launch in 1996 proved a success when they brought in a
foreign brand but made in India. Lovable was followed by Feelings, a domestic offering of VIP
along with Daisy Dee. Vanity Fair was launched in 2004 and finally a Korean brand Try for men
and women in 2004. Another big brand in the lingerie market is Rupa & Co. started in 1985. Its
range of men’s, women’s and children’s underwear makes it India’s largest manufacturer and
seller of innerwear.
Other brands that are making their presence felt in the Indian innerwear market are Amul, Lux
Cozi and Dollar catering to a particular segment of men’s innerwear market while the lingerie
segment has its own local brands like Neva, Bodycare, Softy, Lady Care, Little Lacy, Red Rose,
Sonari and many more.
Trickle of foreign brands started in 90s with the advent of Jockey re-entering the Indian
market followed by Calida and liberty Blu. Then the very high fashion Gossard came for
a limited period. The entry of the Marks and Spencer chain stores created a stir.
Another big entry was Triumph. Enamor, another foreign brand entered through
Gokaldas Exports and very chic French brand Aubade opened its only outlet in Mumbai.
LaSenza and Hanes are other brand in the scene.
Though innerwear includes garments for men, women and kids , it’s the women segment
called lingerie, that draws the maximum attention. Lingerie is considered an important
value added segment. The range of items available as innerwear is enormous. But for an
average Indian woman innerwear is limited to just a couple of items, mainly bras and
panties. Out of these two, also brassiere is more complex an item to ensure the comfort
and fit. A number of styles are available in this basic garment like full cup, push up,
sports, strapless and under wired bras. In India, brassieres are constructed using 100
percent cotton fabrics, either knitted or woven. Sometimes, 3-10 percent Lycra is also
added to get stretch effect and to provide a better fit. Panties are generally made of 100%
cotton sinkers, ribs and interlock fabrics. Polyester - cotton jacquard knits are mainly
used for achieving comfort and aesthetics. Other components include range of elastics for
different areas of the garment, underwires for support, eye hooks and ring fastners. Laces
are also used extensively, with both knit and woven fabrics. Linings are used in the cup
area for support and strength, while pipings are used at the cup and side seems to give
fullness and strength.
As inner wear comes in direct contact with the skin, primary requirement for users is
comfort, followed by elegance. There is a need for a good combination of technology and
quality components as raw materials, to succeed in producing a standard product.
Anna Group's weaving unit, KITEX LIMITED was established in 1975. The Company is
engaged in the production of fabrics made of Cotton and other blends, Grey Cloth, Bed sheets
and Lungies. Through the years, the company has carved a niche for itself in this highly
competitive industry with its tradition of world class quality.
Kitex is engaged in the production of fabrics made of Cotton and other blends, Grey Cloth, Bed
sheets, Lungies, Dhothies ,Inner garments, school bags etc.'Kitex White' gives you an array of
white dhothies -single as well as double. It comes with streaks of colour and gold to add to the
looks of your dhothies. Companies have a beautiful and wide range of bedspreads under the label
of Sweet Dreams. Companies also have school bags and inner garments in wide variety. Through
the years, the company has carved a niche for itself in this highly competitive industry with its
tradition of world class quality.
Vision
A world class manufacturing company focusing on all round business excellence through a total
quality management system with committed leadership, effective team work, delighted customer
and satisfied employees in an environment friendly organization.
Mission
Fabrics are produced as per the customer specification efficiently in a professional and
environmental friendly manner, on time and at the right cost with at most customer specification
to become a world class organization through improvement.
More than three decades ago, in 1968, Mr. M.C.Jacob founded the company, he made a break
with past. Belonging to an affluent family of plantation owners, he ventured in to the risky world
of manufacturing industry and hoped for the best, while working very hard to make his maiden
venture a success. Today the group is involved in the manufacturing aluminum sheets, vessels,
spices, fabrics, garments, marine exports, medicine etc. the Anna range of vessels are highly
popular in the domestic market and in the middle east, U.S.A, Africa and Australia.
Anna Aluminium
It is the flagship company of Anna Group. Engaged in the manufacturing and marketing of
Vessels and Utensils as per ISI standards for the past three decades, it is presently the only
company having ISI Certification for Vessels in Kerala. The company manufactures vessels only
using 99.5% pure aluminium ingots. The brand ‘ANNA’ has become a household name in
Kerala due to its high standards of quality and workmanship. The Company has more than 525
different varieties of vessels and utensils, marketed through more than 2500 dealer outlets in
India.
Anna Aluminium has a wide range of vessels to cater to all necessities of a modern day kitchen.
Depending on the various types of cooking and dishes, Anna provides more than 525 varied
vessels and utensils. All products are made of high standards and strict adherence to quality. To
maintain this quality, vessels and utensils are made using 99.5% pure aluminium.
Anna group is the only company having ISI certification for all its products in Kerala. The
group’s packaged cookware items were brought under a new brand name-Chakson.
CHAKSON
Chakson brand Pressure cookers stormed into the market in 1993; and within a short span of 4yrs
Chakson Pressure Cookers captured a sizeable share of the domestic market.
Products: Thermal Cooker, Pressure Cooker, Multi Steamer, Non Stick Cookware.
KITEX LTD
Anna Group’s Textile unit, KITEX LIMITED was established in 1975. The Company is engaged
in the production of fabrics made of Cotton and other blends; Grey Cloth, Bed sheets and
Lungies.
Scoobee Day
From the house of Kitex has a wide range of School Bags which became an instant hit,
and scoobee became a close companion to all school going kids. With shoulder strap cushions
and rear padding for added comfort, Scoobee Day bags come in various colour combinations.
The unique features include special pouch for water bottles, Tiffin boxes and even a secret
pocket.
TrawellDay BAGS
These are wide range of luggage and baggage products. Coming up with latest designs and
models, these travel & everyday travel luggage needs are designed to meet the modern trends
and requirements of the customers. Made from the imported materials, the bags are available in
attractive styles and different colour combinations.
Products: Travel bags
ELLYS
Ayurveda is a traditional Indian system of medicine, recognized even by the World Health
Organization. ELLYS HERBAL EXTRACTIONS makes use of the ancient secrets of Ayurveda,
to provide you with every day food supplements that can enhance your general health.
Products: Ellys Gastro Herbal Digest.
Dago Bert
Shirting & Suiting are woven from the finest cotton, using the toughest materials that are soft to
touch when draped on your body. Dago Bert shirting & Suitings are available in a variety of
colours and shades.
Adonis
ADONIS is the brand name of innerwear for men. Adonis a range of refined vests and briefs. Its
100% combed compact cotton keeps skin free of itches, black spots, prickly heat, boils etc.
Agna
AGNA a range of Bras & Panties ensure seamless fit and finish. The Smooth elastic used makes
the skin feel fabulous and the label free stitch ensures flawless comfort.
SARA SPICES
Sara Spices is the condiment producing unit of the Anna Group. It is involved in the production
and exporting of Curry powders, whole Spices, etc. for the past two decades. Sara Spices and
curry powders are known for its high standards of quality and hygiene and have won accolades at
home as well as abroad.
Kitex introduced new product inner garment for men under brand name ADONIS. The Adonis
is made from 100% combed cotton with the help of computerized controlled machines.
ADONIS:-
The ADONIS brand is promoting with a caption “Inner strength of a man.” Under Adonis both
vests & briefs are marketing. There are 3 different types of products in the Brief section. All the
3 are available on five colours and six sizes.
Adonis vests have 5 products. Among this Handsome and Sleek are also available on both sleeve
less & with sleeve. Vests are also on 6 sizes but only white colour is available.
These are manufactured in the Rs.100crore worth plant, meeting the quality standards &
requirements of the developed countries; every garment makes use of cutting-edge German
Technology, special machine dying, printing etc. Its 100% combed compact cotton keeps skin
free of itches, black spots, prickly heat, boils etc. The Smooth elastic used makes the skin feel
fabulous and the label free stitch ensures flawless comfort. Complementing the shrinkage
controlled fabric are perfect cuts and apt measurements.
Features
PRODUCTS OF ADONIS:-
ADONIS
ADONIS BRIEFS:
ADONIS VESTS:
Sl No Product Size MRP
1. HANDSOME (RNSL) 80, 85,90,95,100,105 62
2. HANDSOME (RNS) 80, 85,90,95,100,105 72
3. MASCULINE 80, 85,90,95,100,105 89
4. SLEEK (RNSL) 80, 85,90,95,100,105 50
5. SLEEK (RNS) 80, 85,90,95,100,105 57
Strength
• A market with large hidden strength.
• Current growth rate of 14%.
• Industry with never declining demand. Also the class of its consumers will always grow
with the growing population and specific consumer preferences and awareness.
• Managed by a team of professionals.
• High quality products.
• Highly skilled workers.
• Product from an ISO certified company.
• Company reputation.
• Financial stability.
• Existing distribution channel features.
• Existing dealer network
Weakness
• A large segment of the market is in the unorganized sector.
• Low degree of brand loyalty.
• High degree of price-sensitiveness.
• Non utilization of 100% capacity.
• Lack of advertising
Opportunities
• Changing perceptions about the product from a marginal item of clothing it is now slowly
being perceived as a part of one’s wardrobe.
• Projected future growth rate of about 15% for the Rs. 1,500 crore industry.
• Explosion potential for the unorganiz sector to grow by making inroads into the share of
the unorganized sector.
• The impact of better educating advertisements are making the consumers, look at factors
like comfort, quality and brand name and not only price.
• High price
• Greater pace of technological change.
• High competition.
CHAPTER 3
REVIEW OF LITERATURE
3.1 DESCRIPTION OF MARKETING RESERCH
Marketing research is a systematic design, collection, analysis & reporting the findings relevant
to specific marketing situation that the company faces in regard to specific marketing problems.
Manager cannot always wait for information to achieve in bits and pieces from the marketing
system. They often require formal studies of specific situation. In each situation, the marketing
intelligence will not provide the detailed information needed by the managers. So it is required to
go for marketing research.
Marketing research is the function that links the marketer to the consumers and the public with
information. It is used to identify and define marketing opportunities and problems, to generate,
evaluate the market, to monitor marketing performances, and to improve understanding of the
marketing process.
Marketing researchers engage in a variety of activities ranging from market potential and market
share studies, to access the consumer’s satisfaction & purchase behavior to the studies, product,
distribution and promotion activities. A company can conduct market research in its own
research department or have some outside agency to do it.
CHAPTER 4
RESERCH METHODOLOGY
4.1. RESERCH METHODOLOGY
Research Methodology is a way to scientific and systematic research for pertinent information on
a specific topic and solves the research problem. It comprises defining and redefining problems
formulating hypothesis or suggested solution, collecting, organizing and evaluating data and
reaching conclusions, and at least carefully testing the conclusions to determine whether they fit
the formulating hypothesis. Methodology is a way to systematically solve the research problem.
It may be understood on a science of studying how research is done scientifically.
Research Design:
A research design indicates the plan of actions to be carried out in connection with a proposed
research work. It provides only a guideline for the researchers to enable him to keep track of his
actions and to know that he is moving in the right direction in order to achieve his goal.
Data are collected from various sources, i.e. Primary and Secondary Sources.
Primary Sources:
Primary data are those which are collected a fresh and first time and thus happen to be original in
character. These data are attained by means of questionnaire. In some fields Primary Data are
collected through personal interview.
Primary Data:
Primary data are collected by direct interview with the consumers and retailers, and data
collected by using survey method by using questionnaires.
Secondary Sources:
In this study information regarding company profile, product profiles etc are collected from
secondary sources. Information also collected from the websites which is secondary source of
information.
Secondary Data:
Company database, Websites.
Sampling Technique:
Sample Size:
The main tool used for analysis of data is percentage analysis. Pie diagram used between
variables and to project findings.
CHAPTER 5
The easiest way to understand the main aspects of marketing is through its more famous
synonym of "4Ps of Marketing". The classification of four Ps of marketing was first introduced
and suggested by McCarthy (1960), and includes marketing strategies of product, price,
placement and promotion.
Marketing mix is a combination of marketing tools that are used to satisfy customers and
company objectives. Creating a successful marketing mix that will increase results often takes
experimenting and market research. There are many methods that can be used, both in person
and the use of impersonal presentations. The key is to not always depend on "one" mix always
explore other avenues. The combining and coordination of these elements will be more effective
than depending on one.
The objective of the “analysis of existing marketing mix” is to find out and know what is the
marketing strategy adopted by the company for the marketing of the product in the current
market situation.
Analysis of existing marketing mix contains the detailed study about the 4Ps of marketing such
as Product, Place, Price and Promotion.
1. Product Mix.
The product under study was innerwear for men made by Kitex and marketed in the
brand name of Adonis. This brand is promoting with a caption “Inner strength of a man.”
Product details:
• Core part:-
The core part of Adonis is to produce vets and briefs for men. Products are label-free for
the non itch comfort of the users.
• Actual parts:-
Actual parts of Adonis are as follows:
• Vests are available under 6 sizes in 5 products in basic, trendy and premium category.
These basic and premium products available in white colour. The trendy product is
available on black with red colour border.
• Briefs are also available in 6 sizes & colours in three products and categories.
2. Price Mix
Both internal & external factors will affect the pricing strategy of the product.
Internal factors:
External factors:
3. Place
Distribution Channel
The distribution of the Adonis to the retailers is done the company directly. There is no
intermediary in between the company and retailer.
Retailers:-
Adonis is distributed through a large number of retails throughout the state. Company has
dealing with at minimum 2 leading textile shops in each city and town. Company having a
large network of retailers throughout the state.
Numbers of Dealers in Kerala are as follows:
4. Promotion
Advertising:-
The advertising phenomenon which is currently using by the Kitex for Adonis is conveying
the offer for the product to the general public. Company making advertisement on
different T V channels and in news paper. An amount of 5% of the net sale is spending to
the advertisement.
Sales promotion:-
According to theory, the performance of a company within a market is directly related to the
possession of key assets and skills. Therefore, an analysis of strong performers should reveal the
causes behind such a successful track record. This analysis, in conjunction with an examination
of unsuccessful companies and the reasons behind their failure, should provide a good idea of
just what key assets and skills are needed to be successful within a given industry and market
segment.
• What strategies are our competitors pursuing and how successful are these strategies?
Benchmarking
The process of comparing the company’s products and process to those of competitors or leading
firms in other industries to find ways to improve quality and performance.
Here Adonis Vests and briefs are compared with other leading brands in Kerala market. This
comparison is based on number of product and product’s price etc.
Vests: - In the case of vest there are two type are available in the market, sleeve and
sleeveless. All the three companies comparing here, producing white colour vests only. Some
brands also producing trendy products. This is available only on black colour.
Adonis’s vests namely Handsome and Sleek is available on both category, ie with sleeve and
sleeveless. Both are available on six sizes. Vest’s of Adonis is label free for non itch comfort.
Trendy product named’ MASCULINE’ is available in black colour.
Ramraj was making vets in five type under two category. They are offering two type in with
sleeve category and three type in sleeveless category. In sleeve both products are available at
eight sizes starting from 75cm and end at110 cm. In the sleeveless category all except one are
available on eight sizes. The model RXRN is available on six sizes only. All are making from
100% Cotton super fine fabric.
V Star owned Valero brand has three product two each category. Two sleeveless models
and one sleeve mode. Among the two sleeveless mode one is basic and other is premium model.
All are available in five sizes starting from 80cms.
Briefs:- Adonis have three products namely Regular, Regular Plus, Trendy in the brief section.
All three are available on six sizes and five colours.
Here Ramraj have four products available on six sizes and different colours. These are coded as
MCIE, SROE, TR2P, AR2P etc.
V star having four models in brief section. It includes basic, premium and trendy models. All are
available on 5 sizes and colors.
V Star/Valero 2 1 - 5 1
Product1 50 62 49
Product2 62 67 59
Product3 - 77 -
Brief
Product1 49 65 47
Product2 60 65 59
Product3 89 91 63
Product4 - 116 79
ANALYSIS
5.3. DATA ANALYSIS
&
INTERPRETATION OF CUSTOMERS SURVEY
Analysis:
It has been observed that annual purchase of Vest is in between 0-5number for the 30% of the
respondents. Were 40% purchasing in between 6-10, for 22% it is 11-15 and the 8% of the
respondents were making 16-20 vests in a year.
Figure no: 5.3.1 Annual purchasing quantity of vest.
It has been observed that annual purchase of Brief is in between 0-5number for the 16% of the
respondents. Were 30% purchasing in between 6-10, for the 40% it is 11-15nos and the 14% of
the respondents were making 16-20 vests in a year.
Analysis
It has been observed that the price range preference was only 8% for product priced below Rs.
50/-. Preference of major 46% of the respondents is towards product priced in between 50-70.
30% were preferred product priced in between70-90. Product priced more than Rs. 90 were
preferred by 16% respondents.
Figure no: 5.3.3. Preference of price range
2 Price 12 12
3 Quality 64 64
4 Availability 4 4
5 Colours 8 8
6 Variety 8 8
It is observed that only 4% of respondents will consider the brand image/ name for buying a
product. The price range will consider by 12%, availability by 4% and colours and variety by 8%
for both. It has been identified that 64% of respondents were looking at ‘Quality’ of the product.
3 Price 14 14
4 Quality 46 46
5 Friends 8 8
Total 100 100
Analysis
It is observed that advertisement will influence the buying decision of 16% of the respondents.
Brand name have influence on another 16% and price on 14%. Quality of the product is the
factor influencing the major 46% of the respondents. Only 8% of the respondents mentioned
that friends can influence their buying decision
Analysis
It is observed that 40% of the respondents are ready to change their brand currently using. On the
other hand 60% are not at all willing to change their brand. They are satisfied with that product.
Significance?
Figure no: 5.3.6 Respondent’s attitude towards frequent changing of brands
70% of the respondents who are willing to change their brand is only because of desire to use
new brands. Non- Comfortability is the reason for15 % and Non availability of current using
brand is the reason for remaining 15%.
Analysis
It is observed that Ramraj have 6% and V Star have 8% users. VIP & Jockey have 58% and
Adonis have 12% users in the respondents. Amul and other brands own 8%each among the
respondents.
Figure 5.3.7. Brands currently using by the Respondent.
3 Quality 3 25
4 Availability - -
5 Offers 6 50
Total 12 100
Analysis
50% of the customers Adonis purchase only because of the offer providing by the company. The
25% customers purchased because of the Brand name and remaining 25% is because of the
quality of the product.
Total 12 100
Analysis
59% the customers of Adonis get information about product from Advertisements. 33 % of the
respondents get information about Adonis from retailers. Remaining 8%get information from
friends and family members.
Figure: - 5.3.9 Customers source of information about Adonis.
3 Offers 3 25
Total 12 100
Analysis
It has been observed that 25% of the respondents using Adonis expecting more quality for the
product. Major 50% is expecting more colour variants and the remaining 25 % expecting more
offers for the product.
Figure no:- 5.3.10: Expecting additional features.
Table No: 5.3.11 Reason for choosing other brand.
3 Price 3 5
4 Brand loyalty 12 21
Total 60 100
Analysis
17% Respondents who are using brand other than Adonis because of the availability of product.
56% chosen because of the quality of the product. Price of the product is the reason for 5% and
Brand loyalty is the reason for 21%.
Figure no: 5.3.11 Reason for choosing other brand.
Analysis:
The above table shows that the 45% of the average sale is on VIP and Jockey. Vstar having 22%
and Ramraj having 15% share of the average sales. The Adonis brand having only 7% share. The
remaining 11% is included the local and unbranded products.
Figure 5.3.12: Monthly sale of innerwear (average)
Analysis :
The above table shows that the product less than Rs. 50 having only 4% of the total sale.
Product having Price in between 50-75 marks tha 32 and 75-100 having 56 % of the sale.
Product priced more than Rs. 100 having 8% sale in the market.
Analysis:
It has been observed that VIP and Jockey is asking by 56% and V Star by 28%. Adonis
was asking by 8% and Ramraj was asking by 4%. The remaining 4 % include Tantex,
Amul etc.
Figure no: 5.3.14 Brand demanded by the customer
Analysis:
Above table shows that 8% of the retailers stocking the product on the basis of
availability and another 8% by brand image. 32% give consideration to fast moving
brand and 4 % for offers. Another 325 of the respondents tells that they look at profit
margin and 16 % look at quality before stocking the goods.
table
Analysis :
72% of the retailers expecting more colours for the product. 16% is expecting more
quality and 12% of the respondents expecting additional packaging features for the
products.
Figure no: 5.3.16: Additional Features expecting for the product.
Analysis:-
It has been observed that 20% of the respondents are very satisfied and 56% are very
satisfied with the service providing by the company. An amount of 8 % is told that they
stands in netural. 12 % is dissatisfied and 4 % is highly dissatisfied with the service
providing by the company.
Analysis:
76% of the respondents will recommend the Adonis to their customers, while 24% is not
recommending Adonis.
Figure no: 5.3.18. Will retailers recommend Adonis
Analysis
Reason for the recommendation from the major 58% is ‘Profit margin’. Reason for 5% is
company offers and 26% is quality of the product. Only 11% is recommending Adonis
because of brand name.
Analysis
33 % of the respondents not recommending because of lesser margin, the reason for 17%
is poor quality and another 17% is because of offers from other brands. 33% remaining
in other category.
Figure no: 5.3.18.2 Reason for not recommending Adonis.
FINDINGS 5.4
• Innerwear market in India is growing at the rate of 17%.
• There is a huge potential for the organized sector to grow by making inroads into the share of
unorganized sector.
• Leading international brands are turning their eyes towards India by setting up joint ventures
with local players.
• Indian manufacturers are offering products in the price range of Rs. 50-1000.
• Design development of brassieres is based on the availability of interesting fabrics and trims
and not many efforts are made to gather customer feedback.
• White is the most frequently purchased colour.
• Size is available in between 75 – 110cms.
• Consumers lack awareness regarding the product, their own sizes for lingerie and styles
available.
• Trials are rarely done before the purchase.
• Fit, comfort and brand image are main factors kept in mind by the consumers while selecting
a product.
CHAPTER 6
6.1 Suggestions:-
1. Company should give special attention to advertisement. Giving more advertisement will
capture consumer’s attention.
2. Company has to reduce the price so as to boost up the sales and also to compete against
competitors.
6.2 CONCLUSIION.
The project study was conducted in Trivandrum District. The project title is “Product
Planning and Marketing Strategy of Adonis”. It was an attempt to study and make some
recommendations to improve the sales of Adonis with the full co-operation by the company &
the necessary data provided by the company. A research was conducted and some findings and
suggestions are made with the research. This project study has tried to find out the areas where
the company needs to make improvements.
I hope that this project study will help the company to improve their sales and thoroughly
studies the customers attitude and to adopt a suitable marketing strategy for the same.
BIBLIOGRAPHY
• www.annaaluminium.com
• www.google.com
• www.mbaguys.net
• www.textileindustry.com
APPENDIX
QUESTIONAIRE
Dear Respondent,
Ph: No :
Address :
1. What is the approximate monthly sale of innerwear’s in your shop?
Ramraj
V star
VIP & Jockey
Adonis
Others
Total
5. What are the additional features that you expect for the product?
More quality More colours Packaging features