MIT College of Management (MITCOM), Pune: A Project Report ON
MIT College of Management (MITCOM), Pune: A Project Report ON
A PROJECT REPORT
ON
“CONSUMER BEHAVIOUR AND BRAND AWARENESS
OF ANKUR SALT IN KUTCH DISTRICT
SUBMITTED TO
MAEER’s MIT COLLEGE OF MANAGEMENT (MITCOM)
BY
IN PARTIAL FULFILLMENT OF
POST GRADUATE PROGRAM (PGP)
MONTH:MAY-JULY
YEAR:2010-11
Table of C O N T E N T S
Executive Summary
I. Introduction
1.1 Background of the study
2.7 Limitations
IV. Findings
V. Conclusions
VI. Recommendations
Bibliography
Appendices / Annexure
A. Questionnaire
DECLARATION
I, Mr.: ANKUR SINHA. hereby declare that this project report is the
record of authentic work carried out by me during the period from MAY
2010 to JULY 2010 and has not been submitted to any other University
or Institute for the award of any degree / diploma etc.
5
Signature
CERTIFICATE
Counter signed by
Signature
Name
Director
Date:
ACKNOWLEDGEMENT
With immense pleasure, I would like to present this project report for ANKUR CHEMFOOD
LTD,GANDHIDHAM. It has been an enriching experience for me to undergo my summer
training at ANKUR CHEMFOOD LTD,GANDHIDHAM which would not have possible
without the goodwill and support of the people around. As a student of MIT COLLEGE OF
MANAGEMENT.I would like to express my sincere thanks too all those who helped me during
my practical training programme.
Words are insufficient to express my gratitude toward Mr.ASHOK BHAI PAREKH, the
chairman of ANKUR CHEMFOOD LTD.I am very thankful to Mr .HITESH PATEL,
MARKETING HEAD,WEST ZONE who helped me at every step whenever needed..
7
At last but not least my grateful thanks is also extended to Prof.SWATI BANKAR (COURSE
HEAD,MITCOM,PUNE) and Prof. SONAL PARMAR(INTERNAL GUIDE) .I am thankful
to all my faculty members for the proper guidance and assistance extended by them. I am also
grateful to my parents, friends, to encourage & giving me moral support.
However, I accept the sole responsibility for any possible error of omission and would be
extremely grateful to the readers of this project report if they bring such mistakes to my notice.
CHAPTER SCHEME
Chapter No. Title Page No.
8
List of Graphs
Graph No. Title Page No.
9
List of Charts
Chart No. Title Page No.
10
EXECUTIVE SUMMARY
11
Ankur chemfood ltd India’s largest manufacturers of refined free flow edible & highly industrial
salt based at gandhidham near kandla port with manufacturing capacity of 2100 MT per day
(appx 7 lacks ton per annum.) an ISO 9001 : 2000 certified refined salt manufacturers.
The main objectives of the study are to find out the awareness level of Ankur salt in kutch
district vis-à-vis other brands and the various grounds on a which consumer decided to purchase
salt.
The research methodology used for the study is exploratory research. The primary data is
collected by the means of scheduled interviews through questionnaires for both retailers and
consumers and secondary data is collected from company records .The sample size decided for
the study is 100 retailers and 150 consumers which was selected through random sampling and
cluster sampling
The major findings of the study are that the most preferred brand is the TATA salt in case of
both retailers and consumers with 32% in both the cases and Ankur salt is the third most
preffered brand with 20% and 23% share .quality and packaging are the two most important
criteria on which a consumer purchase a salt. And as per promotion requirements ,hoardings are
the most preferred tool.
At the end of the study I concluded that company should work on the people who are not brand
conscious as they are easy to convert into a loyal customer. Company should post more
hoardings and wall posters as they are more likely to be noticed.
Chapter-I
Introduction, Importance and Significance
13
About 75 years ago, Mahatma Gandhi ignited India’s fight for independence by telling people to
produce their own salt. His salt march proved successful and today, India is the third largest salt
producing country in the world (after the US and China) with an average annual production of
about 148 lakh tones. The major salt producing countries are US and China – with around 45
million MT in the year 2004, with India being the third largest with a production of around 16
million MT. The major importing countries are UK, Japan, Germany and South Korea. In a very
short period of time sufficiency was achieved (in 1953) and made a dent the export market. Since
then, the country has never resorted to imports. Exports touched an all time high of 1.6 million
tonnes in the year 2001.
The per-capita consumption of salt in the country is estimated at about 12 kg, which includes
edible as well as industrial salt. The current annual requirement of salt in the country is estimated
to be 60 lakhs tones for industrial use. Caustic soda, soda ash, chlorine etc., are the major salt-
based industries. Besides about 15 lakhs tones of salt is exported every year.
Sea salt constitutes about 70% of the total salt production in the country. Salt manufacturing
activities are carried out in the coastal states of Gujarat, Tamil Nadu, Andhra Pradesh ,
Maharashtra , Karnataka, Orissa, West Bengal Goa and hinter land State of Rajasthan. Among
these States only Gujarat, Tamil Nadu and Rajasthan produces salt surplus to their requirement.
These three states produce about 70%, 15% and 12% respectively of the total salt produced in
the country and cater to the requirement of all the salt deficit and non-salt producing states.
Private sector plays a dominant role contributing over 95% of the salt production, while the
public sector contributes about 2-3%. The co-operative sector contributes about 8% whereas the
small-scale sector less than 10 acres) accounts for nearly 40% of the total salt production in the
country.
There are about 11,000 salt works, mostly in small sector, engaged in the production of salt.
Total area under salt production is about 5.0 lakhs acres. The salt manufacturing activities
provide direct employment to about 1 lakh persons. Salt manufacturing season commences with
the closure of monsoon i.e. by 15th October and last up to June next year.
Gujarat contributes around 70% of India’s total salt production. The salt
production in India in 2004 was around 15.7 million MT –about 13 million MT was consumed
within the country and about 2.0 million MT were exported – the total world salt trade in 2004
was around 40 million MT
The basic transportation infrastructure in Gujarat to move the salt from production centre to
consuming centre within India and for exports is inadequate as compared to competing countries
involved in salt exports – road facilities are below standard and inadequate draft, low loading
rates due to lack of modern handling equipment.
Another major area of focus is the quality of salt for exports – both in terms of absolute quality
as well as consistency. In this context, the reasons for low capacity utilisation for the current
washing capacity in the state have been explored and remedial measures for the same have been
suggested
We now do a SWOT analysis of the Indian salt industry keeping in mind the global changes that
have taken place in the post quota regime.
STRENGTHS
WEAKNESS:
1. Fragmented industry
7. The export-import policy of India changes too frequently due to which it becomes very
difficult for importers to import goods.
18
OPPORTUNITIES:
5. Extensive commercial interactions have greatly helped in laying the foundation for the
development of a multi-dimensional relationship between India and the Other countries.
6. India appears to be a competitive and sustainable hub of production globally, and therefore
manufacture-suppliers are investing in India as a growing market
THREATS:
19
3. Regional awareness
Branding
20
The central concern of brand building literature experienced a dramatic shift in the last decade.
Branding and the role of brands, as traditionally understood, were subject to constant review and
redefinition. A traditional definition of a brand was: “the name, associated with one or more
items in the product line that is used to identify the source of character of the item” (Kotler 2000,
p. 396). The American Marketing Association (AMA) definition of a brand is “a name, term,
sign, symbol, or design, or a combination of them, intended to identify the goods and services of
one seller or group of sellers and to differentiate them from those of competitors” (p.
404).Within this view, as Keller (2003a) says, “technically speaking, the n, whenever a marketer
creates a new name, logo, or symbol for a new product, he or she has created a brand” (p. 3).
He recognizes, however, that brands today are much more than that. As can be seen, according to
these definitions brands had a simple and clear function as identifiers. Before the shift in focus
towards brand s and the brand building process, brands were just another step in the whole
process of marketing to sell products.“For a long time, the brand has been treated in an off-hand
fashion as a part of the product” (Urde 1999, p. 119). Kotler (2000) mentions branding as “a
major issue in product strategy” (p. 404). As the brand was only part of the product, the
communication strategy worked towards exposing the brand and creating brand image.
Consumer Behaviour
The standard discrete choice models prevalent in IO literature assume that consumers are aware
of all the products, and as a result those models only address variation in the choice sets across
markets (in fact, it is an important source of identification in these models). However, there is
some recent research in IO that focuses on other sources of variation to estimate more realistic
demand specifications. Anupindi, Dada, and Gupta (1998) and Conlon and Mortimer (2007)
study variation in consumer choice sets generated by the presence of stock outs. In Katz (2007),
the variation comes from the fact that consumers restrict their attention to a subset of products
before making a choice.
21
For a marketing manager, the challenge is to understand how customers might respond to the
different elements of the marketing mix that are presented to them. If management can
understand these customer responses better than the competition, then it is a potentially
significant source of competitive advantage.
Why do customers buy? What goes on inside a customer's mind before, during and after a
purchase?
Research helps find the real reasons why we buy what we buy. This requires time,
money and expertise. Surprisingly many other organizations don't really know exactly why their
customers buy or don't buy from them. Yet understanding customers is at the heart of marketing.
Once the reasons why people buy or don't buy are discovered, the marketing mix can be changed
to suit the buyer's needs and wants. Buyer behaviour involves both simple and complex mental
processes. Marketers cannot capture human nature in its entirety but we can learn a lot about
customers through research, observation and thinking.
Our products are also endorsed by bureau of Indian standard and international council for control
of iodine deficiency disorder. Our premium quality products have market base in more than 30
countries worldwide including United Kingdom & Europe, Australia, New Zealand, Fiji, solo
men islands & Papua new guinea in Asia pacific , Qatar in middle east , Sri Lanka ,
Bangladesh , Nepal in Asia , Singapore ,Malaysia , Vietnam in far east and African destinations
like sierra Leone , Madagascar , Tanzania , Djibouti , Ethiopia , Angola & rep. of Congo etc.
Mission
1. To strictly adhere to our values and ethics based system in order to maintain our integrity.
2. To perform constant research in order to improve the quality of products and innovate
new value-added products.
3. To expand our network with significant global presence
4. To provide utmost work satisfaction to our employees.
5. To maintain the trust of consumer by always providing them best quality, at best rates
with attractive packaging.
Vision
The vision statement of the company is “Exploring the greatness of the smallest”.
is the founder of the ANKUR CHEMFOOD LTD Group. He had more than 40 years of
experience in the field of Salt industries.
Mr. Ashok C. Parakh is the Chairman and Managing Director. He has been the strength behind
ANKUR CHEMFOOD LTD 'S vision & progress since inception.
1.3.5. Achievements
Ankur Chemfood Products (Guj.) Ltd. Is the First ISO 9001:2000 Company
certified Refined Salt Manufacturer of India with largest manufacturing capacity of
4 lacks metric tones per annum.
The company was also awarded with the National Level Prestigious “Bhartiya
Udyog Ratan Award” by The Indian Economic Development & Research
Association, New Delhi as prominent Achievers of the Millennium for the
excellent quality of its products.
Besides its own brand ANKUR, many leading and prestigious brands of Indian salt
market are EXCLUSIVELY manufactured by the company. Some of leading
brands are saffola , star , RCM , Shaktibhog , Sampoorna , Tulsi , Gagan ,
sarvapriya , Annapurti , Amrut etc.
Besides domestic market , company is also producing many brands like Ezy Cook ,
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Master Cook , Honest , Football , Quickserv etc . for its overseas customers.
Company’s Iodised Salt is used by various prestigious FMCG companies like Parle
Biscuits Ltd. , Britannia Industries Ltd., Nestle India Ltd, General Mills (India) Pvt.
Ltd. In their premium quality products.
1.3.6 Products
Ankur Chemfood Ltd. is a manufacturer, supplier and exporter of the following products:
When I was going through the records of the Ankur Chemfood Ltd, I found a sharp decline in
the sales of the Ankur Chemfood Ltd in 2010 from the previous years which was quite a cause of
disturbance, It can be more clear from the below given table and figure.
Table 1.3
Figure 1.02
140
130.86
125.65
120
100
93.3
80 80.41
60 Column2
40
20
0
2006-07 2007-08 2008-09 2009-10
34
From the above chart we can see that from 2006 onwards company is showing positive growth in
sales and we can see that in 2010 there is a sharp decline in sales of around 5 crores. However
the company is not in loss but as sales is declining so company decided to give a thought for this.
This was the first reason for the study.
Table 1.4
As we can see from the above table that in comparison to other districts ,demand from Kutch
district is declining continuously from the last three quarters whereas other district are showing
positive increase in demand .The reason for worry is there because Ankur Chemfood Ltd is a
company whose headquarter is located in Gandhidham, Kutch, and sales is declining in this
region. So me and My project guide Mr. Hitesh Patel together reach to conclusion that we
should do a survey on Consumer Behavior during purchase of salt and Brand awareness for
Ankur Salt in the region, so that company can make its strategy for the Kutch region .
35
Chapter-ii
Hypothesis
36
Hypothesis may be defined as a proposition or a set of proposition set forth as an explanation for
the occurrence of some specified group of phenomena either asserted merely as a provisional
conjecture to guide some investigation or accepted as highly probable in the light of established
facts.
Chapter-iii
Research Methodology
39
EXPLORATORY RESEARCH
Marketing researches devote a significant portion of their work on exploratory studies when very
little is known about the problem being examined.
CONCLUSIVE RESEARCH
Conclusive studies attempts to determine the frequency with which something occurs or the
relationship between two phenomenon. Usually conclusive studies assume certain under
underlying characteristics of the market or have some precise statement of research
questions/hypothesis.
41
Primary data are those which are gathered specially for the project at hand, directly – e.g.
through questionnaires & interviews. Primary data sources include company salesman,
middleman, consumers, buyers, trade association’s executives & other businessman & even
competitors.
For collection of primary data two main sources have been selected, which are as follows:
These are generally published sources, which have been collected originally for some other
purpose. Source are internal company records, government publication, reports & publication,
reports & journals, trade, professional and business associations publications & reports.
The secondary sources used to collect the data for the project were :
Sample Design
Sample design is a definite plan of obtaining some items from the whole population. The sample
design used in this project is two state sampling i.e. Cluster and convenience. In the probability
sampling methods, each items in the sample is chosen one at a time from a complete list of
42
universe elements. In marketing research practice, it will sometimes be more expedient to select
clusters or groups of universe elements, rather than to choose sample items individually.
Sampling methods in which universe elements are chosen in groups ---- rather than individually
-- are called cluster-sampling methods. They are widely used in the sampling of human
populations. When no complete universe listing exists, a type of sampling is called area sampling
may be the only practically feasible form of probability sampling.
The non structured techniques for attitude measurement are primarily of value in exploratory
studies, where the researcher is looking for the salient attributes of given products and the
important factors surrounding purchase decisions as seen by the consumer. Structured techniques
can provide a more objective measurement system, one which is more comparable to a scale or a
yardstick. The term scaling has been applied to the efforts to measure attitudes objectively, and a
number of useful scales have been developed.
The sample design used in this project is two state sampling i.e. cluster sampling and
convenience sampling. The whole Kutch district was divided into some geographical areas and I
have chosen Gandhidham , Bhuj, Adipur, Anjar and Mundra .The total sample size was 150
consumers and 100 retailers.
Cluster Sampling
Here the whole area is divided into some geographical area and a definite number of consumers
were to be surveyed.
43
Convenience Sampling
This type of sampling is chosen purely on the basis of convenience and according to
convenience. I visited Superstores ,General stores ,Wholesale market.
3.3.2 Sampling
The method used for the collection of primary data is Survey method. In this method,
information gathered directly from individual respondents, either through personal interviews.
If one wants to know what type of dentifrice people use, what they think of, television
commercials, or why they buy particular brands of cars, the natural procedure is to ask them.
Thus, the questionnaire method has come to be the more widely used of the two data collection
method. Many consumers are now familiar with the telephone caller who greets them with “We
are making a survey”, and then proceeds to ask a series of questions. Some interviews are
conducted in person, others by telephone, and others by mail. Each of these has its special
advantages and disadvantages and limitations. The questionnaire method in general, however,
has a number of pervasive advantages and disadvantages. Discussion of particular variations will
be more meaningful if these characteristics of the general methods are brought out first.
A questionnaire consists of list of questions to be asked from the respondents and the space
provided to record the answer / responses. Questionnaire can be used for the personal interviews,
focus groups, mails and telephonic interviews. The choice among these alternatives is largely
determined by the type of information to be obtained and by the type of respondents from whom
it is to be obtained.
The common factor in all varieties of the questionnaire method is this reliance on verbal
responses to question, written or oral.
First, I had to know about all the competitors present in the salt
segment (Reputed and well established brands as well as Local brands).
Before going for the survey I had to know the comparative packs and
prices of all the competitors existing in the market.
Since Salt is a product that attracts housewives hence I had to trace the market and
segment it.
As Salt is different product, the main information needed is the various types of Salt
available in the market, their calorific value and various other facts.
As Ankur Salt advertisements are mainly done through hoardings but I also needed the
information about the other sources of advertisement through which Ankur Salt is
advertised.
47
In order to get accurate information, direct interviews conducted with the help of
questionnaires.
I visited as many respondents as I can and asked them their real preferences about any
salt and also got an idea, How a Salt should be?
3.6 Limitations
Limited time available for interviewing the respondents. As a result of this it was not
possible to gather full information about the respondents.
Sometimes the problem which I face is language problem for which I have to make them
understand.
If the respondents answer does not falls between amongst the options given then it will
turn up to be a biased answer.
49
Chapter- iv
Data Processing and Analysis
50
1) Retailers Survey
2) Consumer Behavior and Brand Awareness Survey
Retailsers Survey was done in order to get the correct information about the reach of Ankur salt
in the market or how well the Ankur salt is distributed in the market. Retailers are surveyed
because they are the one who finally sold the product to the consumers. Therefore in order to
know the consumer behavior and brand awareness, retail penetration survey is the first step .It
gives you the information about your position in the market with respect to other brands.
In the survey , 100 retailers are surveyed from the five regions. They are
Gandhidham , Bhuj, Mundra, Adipur and Anjar. And the retailers are selected in random to
avoid biasness in research.
51
a) Yes
b) No
Chart 4.1.01
No
26%
yes
74%
Interpretation:
By the above chart we can interpret that out of 100 retailers 74 retailers stores Ankur Salt.
But still there are 26% of retailers who don’t store Ankur Salt .26% of the whole region
comprises of huge market, they should be point of concentration of Ankur Salt.
52
a) Yes
b) No
Chart 4.1.02
Brand Preference
yes
28%
no
72%
Interpretation:
From the above chart we can say that out of 74 % retailers who store Ankur salt only 28% i.e ,
20 retailers say that the Ankur Salt is the highest preferred salt from their shop, but 54 retailers
i.e 72% doesn’t agree on this point. According to them there are other brands which are more
prefer by the people.
53
a) Tata Salt
b) Nirma Shudh
c) Saffola Salt
d) Annapurna Salt
Chart 4.1.03
Brand Preference
Others 6%
Saffola 4%
Annapurna 22%
TATA 40%
Interpretation:
From the above chart we can find that, Tata Salt is highly preferred by the people according to
the retailers, these retailers include those who doesn’t store Ankur Salt and those who store
Ankur Salt but it is not the highest preferred brand. The other brands include Nirma Shudh
(28%), Marico’s Saffola Salt (4%), Hindustan Unilever’s Annapurna Salt and others with
6%.Others include local brands like Prime Salt etc. Tata Salt leads the Market with 40%.
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4. Please rate the following salts on the range of 1-5,according to their sales:
a) Ankur Salt
b) Tata Salt
c) Annapurna
d) Nirma Shudh
e) Saffola Salt
Chart 4.1.04
35
30
25
20
Column2
15
10
0
Tata Salt Nirma Shudh Ankur Salt Annapurna Others Saffola
55
Interpretation:
From the above graph we can conclude that out of 100 retailers surveyed 32% says that the Tata
salt has largest sales among all the competitors in the market. Ankur Salt grabs the third slot with
20%. The fact which is surprising is that there is very close competition for the second place
among three brands which are Nirma Shudh, Ankur Salt and HUL’s Annapurna. As the sales %
share by three brands are 22%, 20% and 18%. Saffola salt and others together comprise only 8%
of the market which can easily be snatched by any of the big brands.
Consumer behavior and brand awareness survey is the second and last phase of the survey. The
main objectives of this survey are:
This survey is done by conducting direct interviews with the consumers with the help of
questionnaire. Questions were asked to about 150 respondents which were women aged between
18 to 55. The questions were asked to know the purchase pattern, consumption pattern towards
Salt and the awareness level of people towards Ankur Salt in the Kutch district .
56
Chart 4.2.01
Brand Consciousness
15%
Branded
Non-Branded
85%
Interpretation:
From the above data we can say that 85% of the people buying salt are brand conscious, whereas
still there are 15% people who use non-branded salt. These 15% collectively makes a huge
population of people who still uses non-branded salt, which shows the huge opportunity for the
players.
57
a) Weekly ______
b) Fortnightly _______
c) Monthly ______
Chart 4.2.02
70
60
50
40
Consumption in%
30
20
10
0
Weekly Fortnightly Monthly
Interp
retation:
By analyzing the above figure we can very easily make that majority of people purchases the salt
fortnightly i.e.,54%, whereas 38% of the consumers prefer buying weekly and a very low
percentage of people found buying salt monthly. Interestingly , it has been found during project
that people who live in joint families or have large number of members prefers purchasing salt
weekly or monthly, if they purchase monthly, usually they purchase salt in bulk.
58
a) Yes
b) No
Chart 4.2.03
No
18%
Yes
82%
Interpretation:
The above figure helps us in finding about the number of people who are aware of the Ankur
Salt. Out of 150 respondents, 82% says that they are aware of Ankur Salt i.e. 123 consumers are
aware of Ankur salt, whereas 18% doesn’t know about Ankur Salt. Interestingly the population
which is not aware of Ankur Salt also resembles to the population which prefers non-branded
salt.
59
Chart 4.2.04
Column1
No
33%
Yes
67%
Interpretation:
The chart shows that 67% respondents have tried Ankur Salt, while still 33% have not tried
Ankur Salt. These respondents include those who are aware of Ankur salt because it helped to
know the correct relation between brand awareness and brand adaptation.
Ankur Chemfood ltd. must use proper techniques in order to cater the needs of every common
man.
Chart 4.2.05
Yes
44%
NO
56%
Interpretation:
The above chart helps us to conclude that there are only 44% consumers who are Brand loyal for
Ankur salt .Rest 56% shows their brand loyalty for other brands. These respondents include only
those respondents who have tried Ankur Salt and there are 80 such respondents. It means that out
of 80 only 35 shows loyalty for Ankur Brand. In other words we can say that out of 150
respondents only 35 consumers uses Ankur Salt regularly i.e. only 23.33%.
6. If “YES” then which brand of Ankur Salt you prefer the most?
61
Chart 4.2.06
50
45
40
35
30
25
20
15
10
5
0
d lt
um ise Sa
odi d d
S io fie
w w r ti
r Lo
e Flo Fo
ku e le
An r Fr oub
ku D
An kur
An
Interpretation:
Table -3.2.05 reveals that the most preferable brand in Ankur salt is Ankur Free Flow iodized
salt. 45% customers are prefer to purchasing Ankur Free Flow iodized salt , and other customers
are prefers to purchase, Ankur Double fortified Salt , and Ankur low sodium Salt are respectively
20% and 35%. These respondents are those consumers who have tried Ankur Salt
a) Tata Salt
b) Saffola Salt
c) Nirma Shudh
d) Annapurna
e) Others
Chart 4.2.07
3200%
1800%
600%
200% 5
3 4
1 2
Interpretation:
The above chart tells us about the brand loyalty of consumers for brands other than Ankur Salt.
The respondents included 115 consumers as out of 150 there were 35 consumers who prefer
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Ankur Salt. From the rest 115 ,42% people prefers Tata Salt which is highest in the category,
and the other brands which are preferred by the people are Nirma Shudh and HUL’s Annapurna
which is preferred by 32% and 18% people respectively whereas the lowest preference is showed
for saffola Salt.
a) Quality
b) Quantity
c) Price
d) Packing
Chart 4.2.08
Price
20%
Quantity
6%
Interpretation:
64
The above chart tells us about the various criteria on which consumers are likely to judge a salt.
The four criteria which are usually looked up by consumers during purchase of salt are Quality,
Quantity, Price and Packaging. Out of these four 42% people prefers quality while purchasing
salt whereas 32% go with the packaging of the salt. Only 20% goes with price and very few
takes quantity into account.
9. Through which sources of advertisement you came to know about the Ankur Salt..?
a) Door to Door ad
c) Dealer
d) TV advertisement
e) Hoarding ad
65
Chart 4.2.09
Advertising Effectiveness
4000%
2100% 2000%
1200%
700%
4 5
2 3
1
The above chart explains about the various sources of advertisement used by the Ankur
Chemfood Ltd to promote their product and their effectiveness and reach to the consumers. From
all the sources 40% says that they get to know about the Ankur Salt through Hoardings, whereas
2nd most preferable source is door to door advertisement and promotions through pamphlets and
Demo pouches. 20% says Ankur Salt is suggested by their dealers and 7% through friends &
family. Whereas 12% goes with TV ads .
66
a) Volume
b) Offers
c) Price discount
Chart 4.2.10
Promtional Schemes
offers 30%
volume 10%
Interpretation:
67
Above table reveals that the most preferable promotional schemes by customers is price discount
. 60% customers are prefers price discount promotional schemes, and other customers are prefers
offers, and volume related promotional schemes which are respectively 30% and 10%.
Chapter-v
Findings
68
By retail penetration Survey, we can find that there are 74% retailers who store Ankur
Salt whereas still there are 26% retailers who don’t store Ankur Salt, so Ankur Chemfood
Ltd should concentrate on their Distribution network.
According to retailers, Tata salt is the highest preferred brand with 32% sales in the
region, next is Nirma Shudh with 22% and then comes the Ankur Salt with 20% but it is
above the brands like HUL’s Annapurna and Marico’s Saffola salt.
Through Brand Awareness and consumer behavior survey, we can find that there is a
huge population which is not brand conscious during purchase of salt, which is around
15% which is due to lack of awareness and lack of education. Among the local
population.
Most of the people prefer buying salt weekly and fortnightly, so the stock should be
rotated in the market in every 15 days to meet the demands of the consumer.
There are 123 people out of 150 consumers, who are aware of the Ankur Salt but there
are only 35 people i.e. 23% people who shows brand loyalty for Ankur salt which means
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that Ankur Chemfood has done enough promotions to get the people aware about there
product but is not successful in changing their preference.
According to consumers, the highest preferred brand is Tata Salt with 32% consumers,
second is Nirma shudh with 25% consumers; here also Ankur salt grabs the third slot
with 23% consumers which is almost equal to the data which we got through Retail
Penetration Survey which proves the validity of the data.
For purchase of Salt, Quality and Packaging are two main parameters on which a
consumer is likely to select a salt. Ankur Salt is good at quality but according to some
retailers, in many cases they found packaging is very loose.
Hoardings are the main source of advertisement for Ankur Salt which is mostly preferred
by the people in Kutch region as in interior villages there is very less presence of
electronic media, whereas Door to Door advertisement through pamphlets is second most
preferred way for advertising.
Of all the different variations of Ankur Salt, Ankur Free Flow Iodized is highly preferred
but Ankur’s Low Sodium and Double Fortified Salt are two products which are
introduced only by the Ankur Salt and Ankur Chemfood Ltd should take the advantage of
that.
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Chapter-vi
As we know that salt is a product which is very necessary for every human being and as the
population is rising the demand for salt is also increasing and it will never going to decrease and
as the consumer is more educated today and they are getting more brand conscious it is an
opportunity for the Ankur Chemfood ltd to educate the consumer more about their products
which are new and innovative.
Some of the conclusions which are derived from the findings are:
Ankur Salt is the third most preferred brand in the region with 20% of the total sales and
23% consumers in the Kutch district. With a little more effort it can surpass the Nirma
Shudh and reach to second position. Hypothesis is rejected.
As quality and packaging are the two most important factors on which a consumer
purchase a salt, Ankur Salt has to improve on its packaging. Hypothesis is accepted
Company should work on the people who are not brand conscious as they are easy to
convert into a loyal customer.
Company should post more hoardings and wall posters as they are more likely to be
noticed, other than that advertisements should be published in local newspapers to
increase brand awareness among the local population.
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In comparison to Ankur salt, the other players such as Tata, Nirma, and Annapurna
provide a better availability and give competition to the hilt.
People are mostly satisfied with the overall quality of Ankur Salt, but for the existence in
the local market Ankur Chemfood ltd. must use aggressive selling techniques.
Recommendations:
Company should concentrate on strengthening of its distribution channel so that more and
more of product will reach to the customer and at the right time.
Ankur Chemfood must come up with new promotional activities such that people become
aware about low sodium salt and double fortified salt.
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Bibliography
74
Books
Annexure
76
&
QUESTIONNAIRE
1. Buyer’s personal information
1) Name of Buyers:
2) Contact no:
3) Address:
4) Occupation:
5) Age:
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2. Gender of Buyers:
a) Male
b)Female
a) Weekly ______
b) Fortnightly _______
c) Monthly ______
a) yes
b)no
8. If “YES” then which brand of Ankur Salt you prefer the most?
a) Tata Salt
b) Saffola Salt
c) Nirma Shudh
d) Annapurna
e) Others
10. Which criteria do you prefer the most while purchasing Salt..?
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a) Quality
b) Quantity
c) Price
d) Packing
11. Through which sources of advertisement you came to know about the Ankur
Salt..?
a) Door to Door ad
b) Web site ad
c) Friends
d) Dealer
e) TV advertisement
f) Hording ad
a) Volume
b) Offers
c) Price discount
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PRICE
UTILITY
(SALTYNESS)
PACKAGING
QUALITY
SCHEMES
81
AVAILABILITY
RETAILERS QUESTIONNAIRE
1. Details of buyer:
Name of Store:
Address :
Contact No :
2. Shop Type:
a) Super Market
b) General Store
a) Yes
b) No