BrandZ India TopMostValuable75IndianBrands - Report
BrandZ India TopMostValuable75IndianBrands - Report
BrandZ India TopMostValuable75IndianBrands - Report
75
23
The Top 10 Most Valuable Indian Brands 2020 Category
75
% Share
% = Brand Value Change 2020 vs. 2019
24
74
25
1 2 3 4 5 6 7 8 9 10
Banks Insurance Technology Telecom Providers Paints Banks Telecom Providers Retail Payments Banks
$20.3 Bil. $18.3 Bil. $14.6 Bil. $13.9 Bil. $8.0 Bil. $7.2 Bil. $6.9 Bil. $6.5 Bil. $6.3 Bil. $5.4 Bil.
-11% -9% -20% +36% +14% -6% +26% +40% +50% -36%
73
26
20%
72
BrandZ™ India Top 75 Portfolio continues to out-perform the market Top 10 by Brand Top 10 Risers
27
BrandZ™ India Top 75 portfolio
Contribution
60%
SENSEX India
% = Brand Value Change 2020 vs. 2019
50%
$ = Brand Value 2020 Banks
40% Brand contribution measures the influence of
71
12%
brand alone on financial value, on a scale of 1
28
30% Retail
to 5, 5 being the highest. These brands all scored 5.
20%
21.1% +102%
$2.3 Bil.
10%
3.5% Online Food Delivery
0%
+51% Telecom Providers
29
70
11%
-20% Payments
+50%
$6.3 Bil.
30
69
Insurance
10%
31
Food
68
+46%
$2.5 Bil.
Technology (B2B)
32
Total Value of the Top 75
8%
Food
Most Valuable Indian +44%
67
$3.7 Bil.
Brands 2020 Household
33
$6.5 Bil.
+38% Retail
$3.3 Bil.
7%
66
# = Ranking Position
-6% vs. 2019
Food & Drink
34
Personal Care
#69
Food 6%
65
35
+36% $1.7 Bil.
Energy
$13.9 Bil. 5%
#63 Automotive
64
5%
36
#61 Home Personal Care
#74 Appliances
Alcohol 2%
63
Job Portals
+34% Tobacco 2%
6%
$1.9 Bil.
Personal Care
#75
37
Others*
62
38
www.brandz.com
60
59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39
Welcome The BrandZ™ Indian Top 75
8 David Roth 86 BrandZ™ Top 75 Indian Brands 2020 Ranking
CEO, The Store – WPP, Europe, Middle East, Africa & Asia
Chairman BrandZ™ and BAV Group BrandZ™ Analysis
s
90 Category Performance
t
12 Preeti Reddy 94 Top Risers
e n
CEO - South Asia, Insights Division, Kantar 98 Newcomers
nt
C-Suite Interviews
Introduction
o
100 Amitabh Chaudhry, Managing Director and Chief Executive Officer
16 Overview Axis Bank
C
21 BrandZ™ Selection Criteria
108 Amitabh Pande, Head of Marketing
22 BrandZ™ India Top 75 Portfolio
IKEA India
24 Key Results
28 Cross-Category Trends
32 Economy and Demographics
34 Connectivity
Brand Building Best Practice
116 Purpose Marketing
37 E-commerce
Dheeraj Kummar, Motivator, GroupM
38 Media and Advertising
40 Takeaways 120 Business Transforma
Hareesh Tibrewala, Mirum
132 Empathy
68 Changing cultural and social fabric of the Indian consumer 136 Agility
Preeti Reddy, Kantar Upali Nag Kumar, Motivator, GroupM
In extraordinary
times, Meaningful
2020 has been an unprecedented year for India. From the
start of this decade, it was clear that there would be growing
pains as India settled into the role as one of the world’s largest
economies. The COVID-19 pandemic has since thrown India’s
We know that brand strength is key. History
existing challenges into sharper relief, while testing its
won’t repeat itself exactly, but it is an important
Difference carries
communities and institutions as never before.
guide. Coming out of the global financial crisis,
strong brand equity was the key to recovery.
This is not the kind of moment that yields silver linings: Only
Globally, between 2006 and 2020, our BrandZ™
difficult adjustments, and hard-won breakthroughs. What
Powerful Brands Top 10 Portfolio increased
has been evident since the early days of 2020, however, is the
the day
285 percent in value, while the S&P rose only
resilient spirit of India’s people and businesses.
120 percent. The most important driver of
that growth was Meaningful Difference —
This year, the combined value of the BrandZ™ Top 75 Most
relevantly meeting consumer functional and
Valuable Indian Brands declined by 6 percent. Beyond this
emotional needs in ways that stand out and are
headline rate, however, lie the stories of nearly two dozen top
trendsetting.
Indian brands that have managed to increase their brand
valuations since 2019, amidst difficult circumstances.
Agility and resilience What these brands have in common is a theme we have
In India, we’ve seen time and again that
strong brands retain more of their value during
tough economic times, and recover more quickly
are key to ‘Repurposing emphasized across seven years of this report. Namely, that
authentic and distinct brand building remains the key to
when market conditions begin to improve. This
was the case during the demonetization process
brands for the future’ economic resilience.
of 2016, and shows every indication of holding
true today.
In the months and years to come, you’ll read plenty of advice
about how businesses can pivot to account for a profoundly
Intelligence is key to navigating these
changed world. But don’t forget that these companies will need
complex times. This report contains the latest
strong brand assets to pivot around. Brand agility and brand
findings around topics like “shopping local,” the
resilience go hand in hand - a truth we explore in this year’s
shift to e-commerce, the rise of rural India, and
analysis of the BrandZ™ Top 75 Most Valuable Indian Brands.
the ways that traditional marketing levers can
ignite sales even in slow-growing or declining
David Roth
categories. Thought Leadership and Brand
David Roth
Building Best Practice pieces from experts
CEO, The Store – WPP, Europe, Middle East, Africa & Asia
across our network contain further insight on
Chairman BrandZ™ and BAV Group
India’s evolving brand landscape.
[email protected]
Twitter: davidrothlondon
Blog: davidroth.com
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WELCO M E B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
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WELCO M E B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
The need for Much of the business playbook for India has been rendered
quaint by the events of 2020. In its place have arisen a host
have risen to meet an extraordinary moment. The
BrandZ™ Top 75 Most Valuable Indian Brands is
not an easy list to get on. The brands on this year’s
ranking are all here because they are committed to
incisive, up-to-date
of open questions: questions surrounding new distribution adding new and meaningful value to consumers’
channels, India’s rapidly shifting media landscape, recovering lives.
consumer demand, and the ideal tenor of brand messaging in
uncertain times. To name only a few examples. At Kantar we, too, have found new ways to
deliver on our business of providing essential
market intelligence Change, of course, is nothing new in India. Over the past market intelligence. This year, in addition to its
decade, India has surely been one of the world’s most dynamic wide range of existing data offerings, Kantar has
major economies. Even before the coronavirus crisis, 2020 seemed launched the COVID-19 Barometer to glean real-
primed to be a pivotal, transitional year for the Indian economy. time consumer insights during this fast-moving
period in history.
has never been But this moment promises change of a different magnitude.
First and foremost, in the lives of those most directly affected by
COVID-19, including the brave medical staff and first responders on
the frontline of this health crisis. But also, and more collectively, in
As the world emerges from the shock of
COVID-19, brands will need to find new ways that
their products and services can be relevant to how
greater
the vast project that is now underway to reopen and rebuild a 1.3 we will live in a changed reality. That’s where we
billion person-strong economy. at Kantar can help, as the world’s leading data and
insights consultancy, with 30,000 people working
India’s great restart will only accelerate major structural with Kantar worldwide.
transformations that were underway at the start of this new
decade. How could it not? Over the course of less than a year, We help define and build meaningfully
different brands with our holistic brand guidance
Insights from
India’s digital-first destiny has already become an established
reality. The most basic daily rituals have been reformed and approach that combines innovations, experiences,
rethought - from work, to dining, to shopping online. The need creative content, and media investment to optimize
BrandZ™ and Kantar for entertainment and escape has become more important (yet
more homebound) than ever before. Rural migrant workers have
investment and accelerate profitable growth.
can point the way to asserted themselves, under the most trying of circumstances, as a
vital yet underserved component of India’s economic fabric. Urban
Using the vast Kantar and BrandZ™ reservoirs
of intelligence, we can help you successfully
recovery and growth citizens, meanwhile, have had ample time in lockdown to consider
what they truly value in life, and what seems suddenly frivolous.
navigate today’s uncertainty. I am available to
personally discuss how we can help you and your
brand succeed—building valuable brands that add
Even amid this current crisis, India remains an optimistic, value to people’s lives. Please feel free to contact me
entrepreneurial country - and with good reason. The fundamentals directly or contact any of our Kantar leaders listed
of India’s brand landscape remain strong. The Kantar Brand in the Resources section at the end of this report.
Footprint report on FMCG categories shows that India is
responsible for one-fifth global “consumer reach point” volume - Sincerely,
defined as the frequency with which global and local brands are
chosen by consumers over the course of a year.
12 13
Introduction
Overview
India ranking
move back into cities in search of economic opportunity.
The hope is that in the interim, India has learned just
how crucial this workforce is to the country’s economic
health – and that issues with informal contracts,
unstable living conditions, and the lack of a social safety
shrinks 6 percent net will be ameliorated. (To that end, major industry
leaders across India have already promised to improve
their migrant employment programs in the months and
years to come.)
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Overview
tie-up with Dunzo; to ITC’s partnership Brands with strong Indian roots
Repurposing Brands with Amway; to Reliance’s work on are having an especially important
for the Future e-commerce with kirana stores (which, moment. Economists have long argued
incidentally, have surely been the great about whether India’s inwardly-focused
But there is hope, too, that Indian retail heroes of is pandemic period): economy is a blessing or a detriment.
society can emerge from this crisis more cooperation is the new competition. Those debates are far from over - but it’s
resilient than ever before: that it will true that in this period of global trade
emerge better-equipped to recognize One of India’s biggest IT disruption, Indian companies with robust
and surmount the multifaceted breakthroughs of the past decade, the domestic supply chains have been able
challenges of the 21st century. India implementation of a United Payments to restart business in a way that more
has always been an optimistic country, Interface (UPI), is another testament to internationally exposed companies have
which goes a long way. Just as cooperation: a diverse array of finance, not.
importantly, it is right to be optimistic. government, and retail stakeholders
came together in a private-public Going forward, businesses and
Whatever its challenges, India has partnership to vault the country’s digital brands will have a crucial role to play
surely entered the 2020s as a more payments system into the future. The in building a stronger India. The health
diversified economy than it was ten lockdown has only accelerated UPI’s sector is a prime example of this. Two
years prior - thanks to factors like the usefulness in an age where some years ago, the government introduced
rise of India’s digital unicorns; renewed merchants have begun to move away the Ayushman Bharat scheme, which
interest in local and ayurvedic FMCG from cash and Cash On Delivery has since provided health care to some
brands; and a connectivity boom that payments. 10 million beneficiaries, but it’s clear
most recently saw mobile internet that improving health care in India will
usage rise by 45 percent from 2019 to Cooperation has been the continue to be a massive, country-wide
2020. Whatever its impact on GDP, the watchword of the day at the local level, undertaking. The growth of telemedicine
coronavirus crisis cannot erase these too, with urban resident associations and prescription delivery services is one
gains. and community groups creating new positive example of the role that private
protocols to take care of their most enterprise can play; on the demand
Indeed, diversity is one of India’s vulnerable residents. These local side, consumers - for their part - are
greatest sources of resilience. In the associations have also partnered buying all the supplements, sanitizers,
months since India entered lockdown, with brands to bring van-powered, and medicines they can afford. As
a wide array of brands and businesses mobile markets and bank services to Indian brands aim to “repurpose for the
have found smart, surprising ways apartment-dwellers’ doorsteps. This is future,” providing healthy living solutions
to work together and create new Jugaad in practice on the most intimate for eager customers is one way that
pathways to growth. From PepsiCo’s neighborhood scale. businesses can do good while doing well.
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Overview
Constrained household income will although they may “trade down” in wide-ranging effects of India’s recent
nevertheless be an immoveable reality product ranges or reduce purchase economic miracle. India’s economy has
in the years to come. But while Indian
consumers are suffering - the poorest
volume, consumers haven’t lost their
preferences for their favorite brands
diversified and matured in positive,
irrevocable ways. The country’s human
BrandZ™ Selection Criteria
among them most of all - they remain
a massive economic force. Prior to the
and products – especially those that
serve as proof of their hard-won
capital has increased apace, and
just as irrevocably. The optimistic,
India’s Premier Brands
pandemic, the Kantar Brand Footprint economic progress. entrepreneurial spirit of the Indian
report on FMCG categories shows that people will survive this fraught moment
Brands ranked in the 2020 Brand™ Top 75 Most Valuable
India is responsible for one-fifth of This is the kind of behavior that – and prove an undeniable boon to the
Indian Brands must meet one or more of these eligibility criteria:
global “consumer reach point” volume isn’t necessarily captured by headline country’s long-term promise.
- defined as the frequency with which growth rates. India’s short-term balance
• The corporate parent is listed on a stock exchange in
global and local brands are chosen by sheet may show retrenchment. But
India.
consumers over the course of a year. the pandemic cannot erase the more
• The brand originated in India and its corporate
As detailed in this report’s special parent is listed on a recognized stock exchange.
section on Recovery & Growth, Indian • The brand is privately owned, but its complete
consumers have continued to purchase financial statements are publicly available.
everyday goods at a surprisingly
strong clip during the pandemic. And • Indian unicorns have their most recent valuation
publicly available.
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
BrandZ™ India BrandZ™ India Top 75 Portfolio continues to out-perform the market
Top 75 portfolio
Recovery during pandemic is much faster for strong brands
BrandZ™ India Top 75 portfolio vs. SENSEX India
(August 2014 - June 2020)
BrandZ™ India Top 75 portfolio
SENSEX India
recovers faster
60%
50%
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Key Results
Five
Top 75 brands Newcomers
shrink by enter the list
6 percent Top risers
Top 75 Five brands made their debut on the
2020 rankings. Among these are
led by digital,
At a time of near-unprecedented
economic challenges, the total value of Portfolio two Personal Care brands, Dove and
Closeup; they are joined by Energy
retail, food
the BrandZ™ India Top 75 fell by 6 percent
in 2020, shedding $13 billion in value for beats SENSEX brand Indraprastha Gas, Home
Appliances brand Crompton, and
brands
a total brand value of $215.608 billion. Telecom provider BSNL. Dove was the
The stock portfolio of the BrandZ™ top-ranked Newcomer at number 61.
Though significant, these changes India Top 75 has recovered more of In addition to strong financial
represent a lower de-growth rate than its pre-pandemic value, at a faster performance, this year’s 10-strong
that seen among top brands in the UK, rate, than India’s SENSEX. Especially group of Top Risers averages well above
Australia, and South Africa. Individual in difficult times, valuable brands the rest of the Top 75 on measures of
brands’ performance in the India Top deliver superior shareholder returns. Meaningful Difference. In addition to
2020 Top Riser Reliance Retail – and
75 remained highly variable. While 43
returning brands declined in value in Reliance runner-up Zomato – this year’s Top
Risers group includes food brands such
2020, 26 returning brands actually gained
in value from their 2019 performance. Retail adds as Maggi, Nestlé, and Horlicks; as well
as digital platforms and providers like
HDFC Bank most value Naukri.com, Flipkart, PayTM, and Airtel.
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Key Results
Banks lead in
total category
value
Retail, Personal Banking and finance brands make up
the largest share of the BrandZ™ India
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Cross-Category Trends
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Cross-Category Trends
Shrinking Category
wallets transformation
As India enters a de-growth period, For some categories that stand to be
declining household income is the hardest-hit in the years to come, it’s true
immovable fact that all marketing activity that amid the difficulties of the current
will have to contend with. When people have moment, brands have already identified the
less money, consumer behaviors like “trading seeds of future transformations and growth
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Mumbai
20.41 million URBAN POPULATION
(as Percent of Total Population )
34%
27%
RELIGION (20114) 18%
Hyderabad Most Indians are Hindu or Muslim.
10.00 million
79.8% 14.2%
1960 1995 2019
India 63
Mexico 60
Chennai
Hindu Muslim
POPULATION BELOW THE POVERTY LINE
10.97 million Other significantly represented faiths: 60.0%
Christianity, Sikhism, Buddhism, Jainism 45.9%
38.2%
53.9% 31.1%
44.8% 21.0%
Bengaluru
China 31
12.37 million
LANGUAGES 1977 1983 1987 1993 2004 2009 2011
Russia 28
India’s constitution recognizes 22 languages. The most
widely spoken language, Hindi, is spoken by over 43 POPULATION EARNING BELOW $1.90 PPP / DAY
percent of the population. Among the other official but 10.7%3
less widely-spoken languages are: Bengali, Telugu,
UK 8 Marathi, Tamil, Urdu, and Gujarati. SOURCE: World Bank and for 2019 unless otherwise noted.
United Nations Conference on Trade and Development 2020
6
1
US
2
CIA World Factbook 2020
New Zealand 1
3
4
Asian Development Bank, 2019
India Census 2011
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Connectivity
Upwardly
mobile India 574 million
Monthly Active Internet Users 2019
309 million urban
264 million rural
66% 28%
percent from the year before.
urban
rural
Analysts used to speak of mobile phone usage and 90%
internet usage in India as two somewhat separate 84%
phenomena. Now, several years down the line from Jio’s
disruptive entrance into the telecom market, that is scarcely
77% Penetration of Monthly Active Internet Users
the case. When brands began to compete over rock-bottom
572
data rates, and smartphone and “smart feature phone”
prices began to fall, India entered a new age of connectivity 308 million urban
convergence. Internet usage became decisively mobile-first
— and has continued to soar year on year. million 264 million rural
Which is not to say that all Indians are now internet and
Active Mobile Internet Users 2019
14% 51%
smartphone users. Indeed, disparities in mobile internet
penetration are one key to understanding the different
urban
rural
marketing landscapes that exist across urban, small town,
and rural India. Gender, age, income, and educational
divides also exist in internet penetration - all of which are
detailed in Kantar’s ICUBE™ datasets. Mobile Internet User Growth YoY
66% 28%
For now, the headlines. Of India’s 572 million monthly
urban
March 2018 March 2019 March 2020
rural
active mobile internet users in 2019, 308 million are urban
citizens – an increase of 14 percent from the year before. SOURCE: Kantar Worldpanel Division
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Connectivity
Online shopping
Active Mobile Internet Users (AMIU) 2019
AMIU - Individuals who have accessed internet in the last 30 days
All Active Indian Mobile Internet Users (Millions) 572
2018
280 Even before the pandemic hit, e-commerce was well on its way to
becoming a major feature of India’s urban shopping landscape. According
to Kantar’s 2019 ICUBE™ survey, 168 million of urban India’s 309 million
active internet users are “Net Commerce Users.” This means that they
Rural Rural Rural Rural participate at least one of the following activities monthly: Online finance;
E-tail; Online travel booking; Food delivery; and Online services (Online
98 129 175 264 grocery delivery, Education, Entertainment-related services, etc.).
E-commerce Users
168 (Millions)
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
media landscape
- The growth of gaming and other Brazil $14
“immersive experiences”
India $12
- Customizing content for Indic languages
Canada $12
These trends – alongside the other
Released in February 2020, GroupM’s “This Year, Next Year” report offered a picture of India as one of the most growth areas identified by GroupM in Australia $11
robust media markets in the world. In 2019, a year in which overall global ad spend rose by 3.7 percent, Indian ad this year’s analyses – could offer room for
spend increased at more than double the global rate, rising by 9.0 percent over the year prior. This was enough to innovation and growth even during periods
make India the fastest-growing major ad market in the world. Just as impressively, India achieved this feat while of temporarily constrained ad spend.
maintaining a more balanced array of advertising channels than was typical worldwide: In India, a growing internet
advertising business could thrive alongside similarly healthy print, TV, and radio businesses.
Indian Ad spend by media Indian share of Ad
2018 vs. 2019(f) (INR Crores) spend by media
GroupM’s preliminary forecasts growth update, GroupM has already the economic consequences of 2020 2018 33,577 2018
TV Internet
indicated that 2020 would be another forecasted that global ad spend is now will outlast the discovery of a vaccine.
strong year, with India retaining its expected to fall by 11.8 percent in 2020. In others, pent-up demand is expected
2019 35,458 +6% 23% TV
44%
“fastest grower” title with a projected What’s more, when all is said and done, to over-compensate for 2020’s losses.
10.7 percent rise in national ad Indian ad spend “could decline by more Overall, we expect global advertising
2018 2,709 Outdoor
Radio
& Cinema
spending, compared to a global ad than 20 percent this year.” In addition to grow by 8.2 percent next year on an 2019 2,824 +4% 5%
spend rise of 5.1 percent. Internet to an overall retrenchment of ad ex-U.S. political basis, or by 5.9 percent
media’s share of ad spend was budgets in the months ahead, Print and including it. The median market is 2018 18,383 Print
expected to rise to 30 percent for Outdoor advertising face especially expected to grow by 10 percent.” Print
24% Radio
the first time, behind only TV’s share steep declines in expenditure.
2019 18,164 -1% 4%
2019
at 42 percent. Advertising for auto, In India, many of the fundamentals
Outdoor
2018 4,008 Internet
e-commerce & mobile handsets brands All is not lost. As of now, the extent that made the country the fastest-
& Cinema
27% TV
was expected to drive ad growth in to which weak ad spending will growing major ad market in 2019 have 2019 4,293 +7% 43%
2020. continue over into 2021 is unclear. not been altered by the pandemic.
Outdoor
As GroupM put it in its June 2020 Among these are a vast rural and small- 2018 17,278 & Cinema
Obviously, we are now in a different market update: “Expectations for town population primed for upward Internet
5%
world, and a different ad market. 2021 diverge somewhat given a wide advancement; a savvy population
2019 22,057 +25%
Revised 2020 figures for India were not range of expectations and potential of shoppers; and India’s historically Print
yet available from GroupM at press outcomes for different markets bustling cultural marketplace (this is 22% Radio
3%
time. But in its June 2020 global ad around the world next year. In some, a country of highly engaged readers,
watchers, listeners, and now gamers). SOURCE: GroupM This Year, Next Year
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Takeaways
Win at any sizepresents
ever, India re
Perhaps more than grow
ld where brands ca n
an open play ing fie er e wa s no
19 to 2020, th
at any scale. From 20 an d
a compa ny ’s size
correlat ion between
building valuable
, and foreign imports
home-grow n heroes
rd ly lim ited by their
alike. Brands are ha n
ppy local sta rtups ca
histories: Once-scra -e dg e;
the globa l cutting
pa rk themselves on rn
erseas or igins ca n tu
brands in India
compa nies with ov pa rts of In dian
spensabl e
themselves into indi as se ts an d
e, core brand
life. At the sa me tim ni es
ess for the compa
DNA do mat ter: Succ ate
not in try ing to emul
on th is ra nk ing lies to
ok s, but in work ing
competitors’ playbo es th eir
plify what mak
understand and am
ly un ique.
ow n brands singu lar
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I NTR O D U C TI O N B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Amid challenging And India is an optimistic society. That is why this year
is not about survival, nor subsistence but Resilience.
Resilience is about hunkering down, yes - but Resilience
is also about using adversity to uncover new and
circumstances, new
transformational ways of thinking. Insight
and purpose
out a unified payments infrastructure over the past few
We as Indians love convenience. Why do
years, which in 2020 has meant that brands could rapidly
something yourself when someone else can do
scale up their online shopping channels.
it for you instead? For any odd job, hired help is
usually just a call away.
No amount of brand resilience would matter, of
But in these times, is having a literal open-
course, if Indian consumers weren’t themselves highly
It’s too soon to talk about recovery. The door policy – that is, allowing strangers with an
Urban India is the most concerned set across the world resilient. Indian’s resourcefulness and jugaad spirit may
traditional language of business cycles - of unknown contact history into your home – still
"The situation concerns me hugely" be something of a hoary cliché. But it’s one of those
winners and losers, booms and busts, bears feasible? For many Indians, the answer is no.
clichés that’s born out of deep, undeniable truth.
and bulls - don’t apply to the magnitude or In the name of safety, we anticipate a
INDIA
uncertainty of the current moment. India Malaysia begrudging growth in consumer self-reliance
India’s daily wage earners have been especially
Spain – as currently best showcased in the rising
took two full years to bounce back from the China vulnerable to the disruptions of 2020 - and are in dire
damage it incurred from the sidelines of the Indonesia
preference for at-home baking over ordering in.
need of more social security protections and health care
2008 global financial crisis. COVID-19, by Singapore Considering this is still an emerging concept,
assistance. But they have also touched the world with
UK a good way to attract people to this style of self-
contrast, has struck at the heart of India’s US their determination to return homeward, and to aid their
metropolises, and touched off country-wide Italy reliant thinking is by avoiding intimidating,
friends and loved ones. India’s middle and upper classes,
waves of mass migration and upheaval. France strenuous-sounding messaging like “Do It
Australia
meanwhile, have been diligent over the past decade in
All this, in a country that was already Yourself.” Instead, speak from a place of ease
South Korea saving money for harder times - all in preparation for just
contending with trade tensions, political Germany and achievement. Remove any concerns about
such a moment as this one.
division, and persistent unemployment in difficulty or hassle. Leave people in no doubt
the months before the pandemic hit. No that – through your brand – they themselves can
Indian brands, in short, could hardly ask for
wonder, then, that according to Kantar’s solve their own problems quickly, bringing back
better partners to get through this period than Indian
June 2020 COVID Barometer, urban Indians the convenience that they so love.
consumers. This is, therefore, a time for brands to be
are more concerned about their current honest and vulnerable with their customers. They should Suchit Kakar
situation than the population of any major lean into concepts like reciprocity, honesty, and mutual Strategist
country surveyed. G trust. Landor & FITCH
Av loba [email protected]
er l
ag
56% e Resilient brands will discover new ways to cooperate
- with consumers, and also with other brands. In doing
so, brands can uncover surprising new channels for their
SOURCE: Kantar COVID-19 Barometer offerings. (Think of the ways that, for example, food brand
ITC has partnered with platforms like Swiggy and Zomato
to get its products into homes, or that soap brands have
united to promote proper hand washing.)
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Insight
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B R A N DZ ™ A N A LYSI S O F M A R K E T DY N A M I C S B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Brands need
making impulse purchases. As a result, upper-middle class family in metropolitan India is that
the need for brands to be mentally not the same as that of a daily wage laborer confined
available (Meaningful, Different, and to a single windowless room. For many of India’s
to “resolve to Salient) has never been greater. daily wage earners and rural citizens — about whom
more will be said in the next section of this report —
life in India was already an exercise in precarity. The
evolve” It's important for a
pandemic has only made the situation worse.
69%
will be characterized by flux – like an evolution – viewing capabilities at home) is perhaps the most
some of which will be slow, and some drastic. prominent example of a pandemic-era “campaign”
With a market that is brimming with change, geared toward Indians at this more precarious level
brands need to “resolve to evolve.” For brands to of society. In metro areas, meanwhile, Uber’s call for
make a dent, they have to be ahead of the curve donations to its Driver Fund represents a notable
eter
and churn out solutions faster than others – and SOURCE: Kantar COVID-19 Barom
brand effort to address the lives of daily wage
possibly outdo their own pace of delivery as well. earners - albeit in the form of a campaign that’s
Agility in designing and delivering products and directed toward upper- and middle-class viewers.
ideas will be key to succeeding in these changing It’s also true, that, even before
times. Moreover, one can never be sure when the the pandemic, there did exist a few
new normal will start changing again; hence, commonalities that united all Indians. Discretion and trading down
brands need to be brave and resilient, be open to These include shoppers’ love for the
failures, and create plenty of backup plans. “ultimate deal”, as well as their affinity While the wealthiest Indians may still have the
The new normal will be marked by consumers’ for nostalgic triggers like cricket and funds to make major purchases, the channels and
need to feel secure, safe, comforted, and Bollywood musicals. frequency with which they will do so have changed
connected. Brands have an important role to for the foreseeable future. Some gold and jewelry
play in delivering these desired emotional states. But for marketers, these shopping has moved online - but not enough to
Safety, trust, and value will be core currencies for commonalities, while real, should forestall a significant decline in sales for those
brands to deliver in the times to come. hardly spell an end to segmentation sectors. There may be a renewed focus on discretion,
Not only for the human race, but for brands as and consumer insight. Even before as people reevaluate the concept of “status” in light
well, it will be the survival of the fittest! the pandemic, the early months of of what’s truly important. Think luxe materials, but in
2020 - with their protests, legislative quieter packaging, with fewer logos and bling.
Kirti Rampal
Account Director controversies, and social media
Insights Division, Kantar firestorms - made it clear that BJP's Meanwhile, India’s HENRI’s - “High Earners,
[email protected] second term would not be a festival of Not Yet Rich” - will feel the squeeze as job cuts
unity. Serious divides have persisted go forward. Though it will vary from category to
in the Indian body politic - and by category, expect some degree of “trading down”
extension, its consumer base. behavior. Consumers who once drank imported
single malt whisky will trade down to blended Scotch.
Those who drank imported Scotch blends will opt
instead for local labels. And so on down the line.
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Insight
A population whose
include a number of skilled laborers - welders,
fitters, fabricators - who may choose to apply Average spend (Rs)
their talents closer to home. So-called “unskilled” 2019
2020 +6% +3%
returnees, too, may prove anything but. Among +3%
+2%
950
them are budding entrepreneurs of all stripes,
927
time has come
927
900
902
904
897
who may realize that their old hometowns have
890
become sites of economic opportunity (thanks in
no small part to the remittances these migrants
had been faithfully sending home). Existing
businesspeople in these rural areas - and
there are many - will find new opportunities in
providing the types of housing, products, and
amenities that these new returnees became used
to while living in urban areas.
When historians look back on this The biggest learning during the
period from 20 or 40 years down the Even setting this new influx of migrants aside,
line, one of the biggest legacies of 2020 lockdown was that we do not pay demographic data suggests that residents of the
may well be the rise of Bharat India.
attention to migrant laborers. country’s thousands of small urban towns - and
India has long relied on its population tens of thousands of developed rural towns - are
of millions of rural migrant workers The execution of our projects on the economic upswing. Indeed, economists
to function economically — but until
depends on migrant laborers, expect that they will attain similar incomes to their
now, this was a fact that was easy to striving big city counterparts over the course of
overlook and take for granted. (Indeed, and it is stalled now. So, we are the next decade or two. Brands looking to uncover
a lack of data on the exact size of this
migrant workforce has long gone hand-
working with our contractors to pockets of growth potential in the difficult years to
come cannot afford to overlook these markets.
Average
in-hand with a lack of social programs understand how we can make March April May
Total Spend
geared at helping this population.) March-May
things better for them. First, we SOURCE: Kantar Worldpanel
Patterns of rural spending
In the wake of a difficult, disruptive, are thinking of how to bring them
heart-wrenching period of reverse Even after the shocks of early 2020, the hope
migration, the needs of India’s rural back. Since the situation in Delhi is According to Kantar Worldpanel analysis, growth in
for rural India is that the rest of the year will see
workers can no longer go ignored. As still not conducive, it’s a challenge. renewed spending behavior. It helps that 2020 is rural household spending could outpace urban spending
an executive at a BrandZ™ India Top 75 on track to have a normal monsoon season - and growth as early as Q3 2020. While manufacturing has
company recently told LiveMint: Second, once they are back, we largely ground to a halt countrywide, rural farming
that urban areas have tended to be harder-hit
need to provide better facilities. than rural zones by COVID-19. activities have largely continued as normal. The
expectation, then, is that many of the migrants who’ve
We are also working on providing According to Kantar Worldpanel data, rural returned to rural India this year will find farming jobs
them with shelter, putting them FMCG volume growth in the first half of 2020 before plotting their next moves.
continued to grow above the previous year’s
up in one location, and educating levels - with an especially strong bounce-back What’s more, even at the height of lockdown,
rural Indians have retained an expansive mindset
them on how to work while recorded May.
in their shopping behaviors - with most households
maintaining social distancing, and Average monthly household spending in actually increasing their number of product categories
purchased. Meanwhile, Urban India saw varying levels of
with personal protective gear on. rural areas also increased in the first half of 2020,
retrenchment in categories purchased.
with hygiene-related products proving especially
popular in the Home Care and Personal Care
categories.
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Insight
Urban South
profitable
Urban West
Urban East
Rural West
0
sustainability?
Rural North
Rural East
Rural South
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Even at the start of 2020 - before the pandemic, but after several
Purpose and key economic indicators had pointed toward the possibility of an
Indian recession - the importance of brand Purpose and Innovation
were clear in the BrandZ™ data.
Meaningful Difference halo” for an entire family of affiliated sub-brands.) When properly
nurtured and expressed, Purpose flows beyond charitable activities
to nourish a brand’s entire ecosystem - from the brand’s product
is more about building empathy and
strong emotional connections. That
doesn’t mean you can’t talk about
design and offerings, to its mission statement, to its marketing selling. It just means that any selling
and brand assets. Purpose is the unique “Why” that each brand will have to be authentic and based on a
possesses. It is ways in which a brand exists to make its customers’ real insight. Purpose-led creativity—an
lives better. idea based on an insight to solve a real,
pressing problem—is the best way for
In the times ahead, the importance of Purpose should only brands to connect with their audiences.
grow. People will remember and reward those brands that Bhuvnesh Chawla
helped them in difficult times - just as they punish those seen as Chief Marketing & Growth Officer
particularly un-Purposeful, mercenary, or exploitative. Genesis BCW
[email protected]
At the same time, in a pandemic era when seemingly every
Brand Purpose Innovation Communication Brand Experience Love
brand has claimed to be “here to help,” standing out in consumers'
minds as truly Purposeful may well become harder. It’s well and
good, for instance, that so many outfits have pivoted to making
hand sanitizer or masks. But only a few hygiene- and fashion-
related brands will be able to connect these activities to their
Vitality Quotient existing commercial activities in a way that enhances their brand’s
overall perceptions of Purpose.
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5. Paytm 2. Amazon
* Ranking includes
local and foreign
SOURCE: BrandZ™ brands operating
/ Kantar in India
3. YouTube
4. Google
5. Castrol
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Thought
Leadership
TH O U G HT LE A D ER SH I P B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Changing cultural
social distancing will give people the mental space to inspect
“busyness” may be replaced by mindful
and adopt new mindful ways of being. From reflex to reflect,
selection.
real wants and desires will have fresh allocations. This journey,
though singular, is not lonely. Dave Hollis, CEO of the Hollis
When the key forces in society are
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Recovery
Crisis management As mentioned before, the brands that are doing better than
others are those that have been able to anticipate and prepare
for a crisis. No one knew a pandemic was coming, but one of the
issue so that it eventually stops being the
only lens through which your stakeholders
view the brand. And on the other, you need
to reinforce other aspects of the brand so
for unprecedented
main elements of crisis preparedness is scenario-mapping. What
that there are other touchpoints to engage
are some of the worst-case situations that the brand could be hit
your target audience.
with? Some of those could be situations peculiar to the brand’s
industry, while others could be all the situations that contracts
Ultimately, a brand’s response to a
group under the term “force majeure.” In essence, this has been
times
complex issue or crisis is a test of character.
a “force majeure” year. But still, the most resilient brands were
And character is at the essence of why
the ones that thought to ask: what are the possible mitigation
stakeholders will stay with or abandon a
strategies that could be applied to a global crisis?
brand during this time. With the principles
of crisis communications and reputation
Unprecedented: the word of the year. The other big element of crisis preparedness is setting up a
resilience in mind, a brand can move
Even as the world has turned awry, some crisis protocol— which should answer questions ranging from
Crisis management has today become central people through authentic and transparent
companies were hit harder by the pandemic who will be in the crisis management team, to what will be the
to the role of a communicator. Even at the best communications to build trust. The goal is to
and the ensuing lockdown than others. The direction in which information and responsibility will flow. In
not just survive, but emerge stronger after a
of times, given the excess of information and the
unprecedentedness of the situation caught spread of traditional and social media, a crisis
times like this, such scenarios and protocols can come in handy,
crisis.
them off-guard and unprepared. The result because they give a brand standard operating procedures
could emerge for a brand at any time. During the
was massive losses at least, and annihilation (SOPs) that can be applied to a range of crises. Also, with the
pandemic, everything has become even more
at worst. Could anyone have prepared for magnified, plus there are issues that weren’t there
right protocols in place, a resilient company gains a head-start Important points for
so that it can focus its energies on the specific aspects of the crisis crisis management
this? What marked the difference between before—issues of business continuity, and in some
it might be facing – rather than figuring out who is in charge.
the survivors and the defeated? What made cases, threats to the very survival of a brand.
some companies more resilient than others? • Make sure that crisis management
There has to be a holistic approach to crisis protocols are in place that outline
In short, it was their ability to anticipate, Response
management, and communications sits front roles and responsibilities clearly.
prepare for, and mitigate a crisis. And then
bounce back from it. and center at the strategy table in that regard. • Set up a war room to monitor
Here is where you see the real difference between companies
In the current scenario, when things are already and analyze the situation 24/7.
that have built resistance and those that haven’t. If you have
precarious, reputation risk management This should have a combination
the protocols ready and activated, you can directly get to the
can really be pivotal. A holistic approach to of technology and human
messaging, medium, and monitoring. In the current moment, the
crisis communications spans the range from intelligence at work.
monitoring component is one of the most critical undertakings.
preparedness or resistance, to response or
A war-room – of course, a virtual one - needs to be set up • Activate the strategy and strictly
mitigation – and finally to recovery, restoring trust
immediately. Besides helping you keep an eye on the evolving follow the agreed protocol to avoid
and confidence in the brand.
situation, this war-room monitoring space can also create new confusion and escalation of the
inputs into your response strategy. Speed, creativity, and a keen crisis.
sense of identifying the right message for the right medium are
Genesis BCW is a leading public relations and integrated • Once the crisis has passed, it’s
the pillars of a good crisis response.
communications firm that moves people for its clients. time to rebuild trust.
b c w - g l o b a l . c o m /g e n e s i s b c w
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Changing dynamics
consumer expect a seamless shopping experience, technological trends and consumer behaviors. The result?
innovation has become imperative. A seamless experience for both brands and
consumers.
“Adaptation,” consequently, is the new holy grail!
between brands
Consumer brands (both national and
But is it adaption to survive, or to win? It is important to regional) are increasingly placing their bets
understand the difference. Adaption to survive is a slow-paced on e-commerce through marketplace models
struggle to stay afloat, where chances of disappearance are very like Amazon, Flipkart, and Snapdeal. They
and retailers
high. Adaptation to win is future preparedness to stay ahead of are also investing in DTC models by beefing
the game - to conquer one’s environment with sharp focus and up their e-commerce sites. Doing so offers
strategic agility. brands multiple leverage points:
survives, nor the most intelligent that survives. The consumer base of digital natives
"Waltzing the trolley around, waiting for hours at till, and
It is the one that is most adaptable to change." carrying my purchases back home… give me a break!" says
(Gen Z and Millennials) in India is
expanding, offering tremendous growth
- Charles Darwin 28 year old Tanya, a task-rich, time-poor consumer for whom potential for consumer brands and retailers.
shopping should be more than a chore. These digitally empowered cohorts are
always on the lookout for shopping
As the market moves to more omnichannel and delivery- experiences that meet all their needs in one
Emerging new technologies and radical shifts
based models, brands and consumers expect retailers to place; for them, convenience means online
in consumer behavior are pushing companies to
adopt innovative approaches to not just enhance the consumer shopping.
rethink and realign their business strategies with
experience, but also reimagine operations for tomorrow’s needs.
human-centric goals. The need for agility in the face
Gone are the days when consumers
of uncertainty has never been greater than it is now. The recent pandemic is a true consumer experience patiently waited for 6-8 weeks for shipments;
E-commerce, which has undergone years’ worth of barometer in which all the challenges associated with retail today, they expect “same-day shipping.”
growth within the space of a few months, is a prime become magnified: it is a time when many of the retailers have As a result, e-commerce giant Amazon has
example of this truth. had to shut stores, or else barely make footfalls due to multiple launched same-day delivery for its Prime
restrictions or snake-like queues. customers, while Flipkart launched a hyper-
local, 90-minute delivery service called
While a few retail majors are now integrating technology, Flipkart Quick in Bengaluru. Easy-to-use
their speed is too slow. This lack of agility has changed the payment methods like BHIM UPI, cashless
dynamics between brands and retailers for the worse. payments, and net banking have added
At Wunderman Thompson we exist to inspire growth for ambitious brands. Part creative agency,
additional convenience to online shopping.
part consultancy and part technology company, our experts provide end-to-end capabilities at a
global scale to deliver inspiration across the entire brand and customer experience.
w w w.w u n d e r m a n t h o m p s o n.c o m / i n d i a
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– How COVID-19 is
as information search, online social connectio
ns (replacing face to face interaction),
entertainment, learning new things, and so
on. Previous estimates had indicated that
rural internet users were supposed to excee
d 300 million in 2020, but actual numbers
could far exceed that. There is also growing
awareness regarding "fake news" and the
need to filter news and information in this perio
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Sanjay Mehta It had all started with books. Yes, you knew the title of the
Joint CEO book that you wanted to purchase, and it was an easy thing to
Mirum India do: to go to an online site, order it, and have it shipped home.
[email protected] There was no mystery about purchasing a book, and you would
be sure to get what you asked for. But then the categories kept
growing. From music to fashion to jewelry to food items to Beyond the world of pure-play product sellers,
furniture and gift items. Some of them were not as intuitive fits even businesses that offer different kinds of
for e-commerce success as, say, books were. Would people like services have found a way to go online and sell.
Spurt in Digital to purchase fashion online, without trying the clothes out? Would
people purchase expensive jewelry without seeing and feeling it
in their own hands? And so on. In spite of all these doubts, these
categories gradually took off. Today, one hardly hesitates to
On the consumer end, where pre-pandemic
online shopping adoption was driven by a matter
of choice, during the pandemic many adopted
Commerce: New
purchase anything online. digital commerce because it was their only
means to get products and services that they
But even then, who would have imagined that we would needed. Much as demonetization hastened the
be purchasing a 4-wheeler online? But that is the kind of use of digital payments, the pandemic has done
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82 83
The
BrandZ ™
Indian
Top 75
TH E B R A N DZ ™ I N D I A N TO P 75 B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Source: BrandZ™ / Kantar (including data from Bloomberg) *Online Food Deliver category is a subset of the Lifestyle Platform category in the BrandZ™ Valuations
Brand contribution measures the influence of brand alone on financial value, on a scale of 1 to 5, 5 being the highest
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88 89
TH E B R A N DZ ™ I N D I A N TO P 75 B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
ories dominate as in
Financial services categ also
. Telecom brands are
many other countries
An Up-And-
portant. Indian FM CG
Consider, for starters, the five largest categories highly valuable and im er
nd s have a strong showing relative to oth
in the Top 75 in terms of total brand value. bra
countries
20%
Banks is once again India’s leading brand sector
Banks
– and is once again led by BrandZ™ behemoth
$42,098m
HDFC Bank, India’s most valuable brand for the
12%
Down Year
Telecom Providers
seventh year running. Overall, however, Banks as a
total category declined 21 percent, for a total value
$25,506m
of around $42 billion. This year, Banks captured
11%
19.5 percent of the total value of India’s Top 75; in
Insurance
2019, it made up 23 percent of the ranking’s total
$24,022m
value.
During a period when the total Normally such results would be described
India’s second-biggest brand sector in 2020,
Telecom Providers, was the fourth-biggest in 2019; 10% Technology (B2B)
$22,345m
8%
this year it grew by a quarter and leaped ahead
brand value for the BrandZ™ India in language of category “winners and Household
Top 75 declined by 6 percent, the losers” — but to do so in this report would be of both Technology and Insurance on the category
$16,237m
category-level view told a more inappropriate, given that the “game” at hand ranking. Rounding out the top five categories for
7%
complicated story. While many involves responding to a series of unprecedented 2020 is Retail, which grew by nearly a third over last
Retail
prominent brand categories saw economic and humanitarian challenges in the year. The Automotive sector, meanwhile, fell from
$14,572m
double-digit percentage declines, age of COVID-19. What these category-level being the fifth-largest sector in 2019 to the ninth-
7%
largest in 2020.
others saw strong growth. results do capture, however, are the complicated
Food & Drink
and uneven ways that India’s economy has
$14,153m
responded to the shocks thrown its way in 2020.
6%
er)
Technology (Consum
$11,986m
5% Automotive
$11,424m
5% Personal Care
$11,315m
2% Alcohol
$5,337m
2% Tobacco
$3,658m
6% OTHERS*
$12,955m
include Automobiles
and aftermarket (Tire
s, Lubricants).
Automotive brands logy includes
Care and Pain ts. Consumer Techno includes
Household includes
Hom e Por tals. Food & Drink
Foo d Delivery, Transport, Job
Home Applian ces, Onl ine
inclu de Pay men ts, Travel Services, Energy,
Other brands
Food and Beverages.
d
Entertainment, Fast Foo
Bloomberg)
tar (including data from
Source: BrandZ™ / Kan
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TH E B R A N DZ ™ I N D I A N TO P 75 B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
India’s automobile industry was not alone The two categories with the largest percentage growth
in facing strong headwinds in 2020. Prominent for 2020 are the Payments and Job Portals categories,
sectors such as Banks, Travel Services, Tobacco, with increases of 50 and 34 percent, respectively. These,
and Technology also declined by a fifth or more however, are both categories represented by single brands
in total value. Alcohol and Insurance also fell in in the BrandZ™ India Top 75: PayTM, which notched that
value this year. impressive 50 percent growth figure, and Naukri.com,
which had an almost as impressive year.
These declines make sense in the context of an
Indian economy that was already showing signs Equally notable, then, are the larger, multi-brand
of contraction - and declining household income categories that managed robust growth in 2020. These
and consumer confidence - before the COVID-19 include Retail, which increased by 33 percent thanks to
shutdown. What’s interesting, however, are the growth by brands like Flipkart, D-Mart, and Reliance Retail.
ways that current moment may also create new Personal Care grew nearly as fast, with an overall increase
conditions for these categories’ recovery. of 32 percent. That figure was buoyed by strong growth
from brands like Lakmé and the newly renamed Glow
The automobile industry, for instance, had & Lovely, and also by the Top 75 entrances of Dove and
recently faced disruptive competition from ride- Closeup.
hailing apps. Now, however, it may have an edge
as personal transport vehicles become seen as Telecom Providers grew by 25 percent in 2020 after a 9
the more “safe” and “sanitary” alternative to percent growth rate the year before. This upswing was due
the sharing economy. (So, too, do short-range to continued strong performance from upstart provider Jio
road-trips seem like an attractive alternative to - but also from established provider Airtel, which also ranks
long-haul vacations - with implications for both as one of this year’s individual “Top 10 Risers”.
the Automobile and Travel Services categories).
Declining Categories The Bright Spots
Going forward, Indian brands of all stripes and
In the Banks category, mass quarantines Brand Value Brand Value pedigrees will have to work hard to maintain their
have brought many new consumers to the world % Change Brand Value Brand Value % Change Brand Value Brand Value positioning into 2021. Brands that are part of these “Top
of online finance - including older Indians who Category 2020 vs. 2019 2020 $Mil. 2019 $Mil. Category 2020 vs. 2019 2020 $Mil. 2019 $Mil. Categories” no exception. Some sectors that saw growth
had previously been wary of e-banking. Already, Entertainment -68% 1,098 3,480 Payments +50% 6,272 4,187 in 2020, such as Personal Care and Fast Food, will have to
2020 has seen some of India’s biggest financial contend with the fact that Indians are leaving home less
institutions acting with the flexibility and urgency Automobiles -37% 9,827 15,706 Job Portals +34% 1,871 1,399 often - and thus may exhibit less demand for their category
of startups. That includes India’s most valuable of offerings. Retail brands, meanwhile, will need to balance
brand, HDFC Bank, which has pushed eagerly Travel Services -32% 2,627 3,848 Retail +33% 14,572 10,942 their growing e-commerce operations with a careful shift
into AI-enhanced digital assistants this year, -29% +32% back to in-store service during the months and years to
Lubricants 743 1,046 Personal Care 11,315 8,603
and also gained plaudits for quickly launching come.
a fleet of mobile ATM vans to serve Indians at Tobacco -28% 3,658 5,051 Telecom Providers +25% 25,506 20,331
their doorsteps – a vital service, at a time during Other growing categories, such as Telecom Providers,
lockdown when few customers were allowed out Banks -21% 42,098 53,341 Online Food Delivery* +25% 3,310 2,645 Home Appliances, Home Care, Food, and Paints, may seem
of the house to visit their local bank branch. especially suited for an era in which consumers feel inclined
Technology -20% 22,345 27,844 Beverages +25% 2,059 1,652
to stay indoors. But even these relatively well-positioned
Insurance, too, may get a new look from -17% +19% categories will have to contend with the immovable reality
Tires 855 1,034 Food 12,094 10,150
Indian consumers if brands’ messaging is right; of declining household incomes: Indians will simply have
although the sector has always been less widely Alcohol -16% 5,337 6,344 Energy +19% 2,034 1,713 less money to spare, even for the things they actually want
embraced in India compared to other major to buy. Quarantine-friendly brand categories will have to
economies, the risk management benefits Insurance -8% 24,022 26,162 Paints +11% 10,064 9,084 adjust their brand strategies accordingly: What worked
of insurance have never been more clear, or Source: BrandZ™ / Kantar (including data from Bloomberg) *Online Food Deliver category is a subset of the Lifestyle Platform category in the BrandZ™ Valuations
this year may not achieve the same results during a more
appealing. Source: BrandZ™ / Kantar (including data from Bloomberg) prolonged period of de-growth.
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India’s Fastest-
growing Brands
In the lockdown-induced India, the Top Risers unsurprisingly comprise of brands that make
up essential services and have been relied upon most often in a socially distant environment.
Categories like Food and Retail dominate the Top Risers list. The others included:
Online Food Delivery - in absence of restaurants and hotels, food delivery was seen as the
next best alternative. Telecom Providers - which grew thanks to the rise in online gaming and
OTT viewership in absence of new TV content. Payment platform - these helped to push zero
contact transactions. Job portals - due to the economic slowdown and loss of jobs across sectors.
Top 10 Risers
Brand Brand Value
Value % Change Brand Value Brand Value
Rank 2020 vs. 2019 2020 $Mil. 2019 $Mil.
Brand Category
Meaningful
Meaningful
Food 37
Different
Different
Salient
Salient
4 36% 13,942 10,286
Telecom Providers
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#61
Five New Personal Care
Faces #63
Indraprastha Gas
Energy
The story of this year’s BrandZ™ India Top 75 Newcomers dovetails nicely with the
#69
narrative of this year’s fastest-growing categories: with one exception, these debuts
hailed from those segments of the BrandZ™ India Top 75 rankings that were already
primed for growth. For example, the value of the Personal Care segment was already
set to increase by 14 percent in 2020 thanks to the category’s growing appeal among
image-savvy Indians. Instead, with two Newcomers in Dove and Closeup added to the Personal Care
mix, the category grew by an even heftier 32 percent.
#74
Similarly, legacy communications
company BSNL enters the ranking amid
a continued boom in smartphone and
internet usage. And Crompton, for its
part, debuted this year to join an already Home Appliances
brand identity. Dove, for instance, has adapted its global “Real
growing Consumer Technology category - Beauty” platform to champion female self-confidence and tell stories
at a time when Indians have been looking of (extra)ordinary, diverse Indian women. Closeup’s proposition
for all the technological assistance they can is a marriage of tradition, compassion, and innovation: its range
#75
get while stuck at home. features advanced gel formulations, combined with natural
ingredients like Tulsi, Cardamom, and Clove - all in service of a
(The country’s largest compressed message that celebrates love and attraction.
natural gas distribution company,
Indraprastha Gas, has meanwhile entered Crompton, for its part, is well-positioned to grow into the
the ranking at a time when the only other consumer technology space - marrying its technical know-how with
Energy brand, Indian Oil, saw a year-on- delightful design across a range of kitchen tools, fans, and other
year decline - as would be expected during home appliances. And in the Energy realm, Indraprastha Gas hopes Source: BrandZ™ / Kantar (including
data from Bloomberg)
periods of economic headwinds). to combine reliable service with digital innovation (starting with an
initiative to move toward 100 percent digital billing).
But why have these brands entered
the Indian Top 75 instead of other well-
positioned aspirants in their category?
For one thing, it’s no accident that each
In a dynamic and competitive market like India, maintaining one’s spot
Newcomer has a compelling and distinctive
in the BrandZ™ India Top 75 is hardly a foregone conclusion. In the years
to come, then, these five companies need to use their distinctive brand
assets to further emphasize Meaningful Difference in consumer’s minds.
That’s what turns promising Newcomers… into BrandZ™ mainstays.
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C-Suite Q&A
Amitabh Chaudhry
Managing Director and Chief Executive Officer
Axis Bank bank to
How has the current moment caused Axis
mations)–
transform (or accelerate existing transfor
also in its
both in its consumer-facing serv ices and
corporate internet banking, and our
internal approach to doing business? website – helped people access more
than 250 products and banking services
times” have often been
The words “unprecedented” or “difficult digitally, with a few clicks.
even six months into the
used to describe the situation we are in,
single event would have
lockdown. In recorded human history no We also supported the government
ted every single country
caused so much disruption that has affec and citizens in this tough phase. As part
on the planet. of our government services, for example,
we extended help in Odisha and other
l or institution is best
However, the character of any individua states to service all citizens. Similarly, we
y to state that in these
manifested during a crisis. And I am happ were associated with the Directorate of
its customers, but
crucial times, Axis Bank stood not just with Municipal Administration Goa for door-
s, partners, and the
with all its stakeholders, including employee step house tax collection, as enabled by
community at large. our POS machines.
the various
Our Brand philosophy “Dil Se Open” and Internally, we reinforced our long-
e truly encapsulate the
campaigns we launched during this phas term GPS (Growth, Profitability and
s who were physically
spirit of hundreds of our branch employee Sustainability) strategy with near and
own. More than 99
present for our customers during the lockd medium-term imperatives to address
of our ATMs, our back
percent of our branches and 96 percent COVID related challenges and mitigate
l during the lockdown
offices, and call centers remained functiona the adverse impact of the associated
our customers. In
phase, providing all essential services to economic slowdown. These imperatives
ager s and Relationship
this phase, our Customer Service Man have helped the Bank in addressing
with more than 3 lakh
Managers have been constantly in touch the requirements of different customer
in every way possible.
customers on a daily basis to assist them segments, identify and draw action plan
s
to double-down in selec t busin esse s
forward many
While it is true that the pandemic did fast- and sectors, while strengthening our
omer-centricit y” has
critical processes, as an institution, “cust focus on portfolio management, capital
equently, at Axis
always been at the center of our ethos. Cons conservation and profitability. The
g to this rapidly
Bank, we were agile and quick in respondin medium-term imperatives impart greater
activ ated the Central
evolving and uncertain situation. We focus on accelerating progress in the
than month before the
a
Emergency Response Team (CERT) more digital space, reshaping our HR practices
from Home” environment
lockdown, seamlessly moved to a “Work in line with future of work, and rethinking
and infrastructure to
for a majority of our people, enabled IT risk management practices. These
red that customer services
address all critical activities, and ensu imperatives have accelerated the digital
- our award-winning
go unhindered. The Bank ’s digital channels enablement of our frontline resources
Pay (our UPI app),
mobile app, internet banking portal, Axis through bring your own device (BYOD),
launch of a revamped Digital Savings
e
account and leveraging digital and phon
banking channels to engage and serve
our customers.
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C-Suite Q&A
Amitabh Chaudhry
Managing Director and Chief Executive Officer
Axis Bank
How has Axis risen to the challenge of growing more
with less – creating demand, and offering new value
You joined Axis Bank in early 2019. You propositions, in times of economic headwinds?
couldn’t have known then that you’d
be steering the bank through a global We are on a journey to transform the bank into a prudent and
We bolstered our
conservative franchise. Having said all this, we will pursue growth
pandemic. But were there any experiences
wherever we see an opportunity. We will use the time to ensure we
or initiatives from your first year at Axis capture the right opportunities that present themselves. We believe
Bank that have proved crucial to how that we will grow our market share over the short- to medium-term.
the bank has met the challenges of this
current year?
term imperatives
conceptualized it. The GPS strategy, along with our native and moving to an agile mode of development. All these
values and the “One Axis’ framework, form a strong investments are starting to show tangible results across the Bank.
foundation that has truly helped us navigate the
last few months of turmoil and guide us as we move Over 70 percent of our fixed deposits, 53 percent of mutual
forward. Our emphasis on S (Sustainability) has funds, and 50 percent of business loans are sourced digitally, and
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C-Suite Q&A
Amitabh Chaudhry
Managing Director and Chief Executive Officer
Axis Bank
What are the kinds of products or services you
think will gain new relevance for consumers over
the next several years? Conversely – are there any
elements of “the old way of doing things” that you
How do you see the changing think won’t come back?
banking landscape with now that
small finance banks and fintech have Technology and innovation-led journeys in the financial
entered the fray? Will the levers of services segment have thrown up lots of opportunities for
multiple entities and this will benefit all stakeholders - the
growth change, and is there a need to
customer, the organization, and the employees. Today,
lay a fresh roadmap for growth? enabled by technology, service-providers are addressing
Brand Purpose connects the
consumer at an emotional level and customer needs faster than ever before. Going forward, the
All of us have been talking for many years
instances of entities offering products to customers based on
about fintech, small finance banks, and the strives to achieve business goals and
their specific preferences will go up exponentially, and this
general role that technology will play in benefit societ y. How do you think
would be the one category of products that shall gain the
banking and financial services. I have always Axis bank has been able to build maximum relevance – personalized experience. Embedding
believed that so long as an entity has a value Purpose over a period of time? Banking is a relationship- oneself in the customer's journey is a way to ensure
proposition which connects with the customer,
based business. How does mindshare.
it will grow and gain market share. Banks are Every business must serve a social
not going anywhere – they are here to stay, Axis Bank approach its brand
purpose. At Axis Bank, we believe that The trends that will continue to influence this space are:
though there is room for other entities as well. having an authentic sense of purpose – a communications and value digitization, big data and analytics, and artificial intelligence.
reason “why” we exist beyond the desire proposition from this perspective? It is imperative to reach out to customers who have so far
With regards to growth, the global growth to make profit – drives commercial value not been serviced, by leveraging technology. Conversely, if
environment was challenging even before Branding too is based on relationships.
in a hyper-competitive world. And we customers are not happy with a product, it’s best that one
the pandemic hit us. The contagion has For us, branding is a verb, not a noun.
pursue it as a passion and not a job. Our identifies this quickly and redesigns the product with better
affected both lives and livelihoods, which has What sets Axis Bank apart from the rest is
employees proudly share that sense of features. This new culture is built on responsiveness and
resulted in a huge shock for the economy. the “human touch” that balances the “tech-
purpose and derive dignity – and not just quick turnarounds. The mind-set required today is that you
The authorities are relentlessly working to a salary – from their daily work. They feel touch,” evident in all our dealings with are only as good as your last performance.
address the challenges that have emanated in like they matter and what they do matters. those who walk in through our doors. Our
the banking and non-banking financial space. customers play back those moments.
With our inspiring Purpose – “To nurture the I firmly believe that there is no “old way of doing things”
Both fiscal and monetary levers have been spirit of Openness – every customer, every – like I have mentioned earlier also, the emphasis should be
put into action to give confidence to market Our brand is centered on the belief that
employee, every interaction, everywhere, on delivering value-proposition, even if it means adopting
participants. The Monetary Policy Commit tee “Openness advances relationships.” It is all
every day” – we have truly put what we care something that is otherwise considered old-school. For
has responded with large cuts in the repo about what we believe in the heart, before
for at the heart of what we do. instance, I hear a lot of talk about branch-banking becoming
rate, has kept system liquidity in surplus, and it manifests in our actions. This is very aptly obsolete, but I do believe that while the emphasis on
shown readiness for further rate cuts. captured through the expression – “Dil Se
The key always lies in making the technology will continue to rise, bank branches will continue
purpose evident in actions on a sustained Open.” This philosophy of ours transcends to have an important role to play.
The key lies in firing all cylinders of basis. That’s when Purpose comes to just communications/messages and fuses
growth: consumption, investment, and bear, making it tangible. At every phase seamlessly into our organizational design
exports. But first things first; we need the of our journey, we are conscious and and operations – everyday customer and
pandemic to be behind us for substantial conscientious in the manner we deliver employee experience through genuine
dialogues on growth and recover y to happen. banking experiences creating holistic value actions and behaviors.
for our customers, communicating with
them consistently and innovating to be the
institution that we want to be.
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C-Suite Q&A
Amitabh Chaudhry
Managing Director and Chief Executive Officer
Axis Bank
At every phase of
Nowadays consumers value brands not just for
what they can do for individuals, but also for what
our journey, we
are conscious and
they can contribute to society. What are the roles
you see for a brand like Axis Bank in the realms of
sustainability and corporate social responsibility?
communicating with
With regards to the pandemic, in March
We established the Axis Bank Foundation in 2006, and today we had set aside Rs 100 crores to support our
it has interventions across 20 states in the country, and actively customers, employees, government agencies,
collaborates with the non-profit sector, our peers in the industry, and the community in our collective battle,
government entities, and civil society to amplify our impact.
institution that we
entrepreneurs, helping them not just to achieve financial Through our Foundation, we helped thousands
independence, but also to be inspirations for their communities. of families meet their urgent nutritional needs
We are lenders to the green sectors of the economy such as in the initial phase of the national lockdown in
renewable energy generation, mass transport and low carbon April, and even today, the Foundation is working
want to be.
with thousands of impacted families towards
restoring their livelihoods or simply helping them
restart their disrupted lives.
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C-Suite Q&A
Amitabh Pande
Head of Marketing The journey so far
IKEA India
IKEA’s vision around the world is to create IKEA products appeal to a wide range of
a better everyday life for the many people. demographics. What has Ikea learned about the
And India is the perfect countr y to reach out to home needs of Indian youths– and, on the other side
the many. We are quite many, as you know! of the age spectrum, it’s senior citizens?
That’s probably been one of our biggest Absolutely. IKEA has something for everyone, no matter
wins in the initial years, that we have been what living situation, what kind of home, what age, or what
able to attract the many people of India wallet size. Everyone is welcome. And everyone can find
into our store in Hyderabad and to our something for their life at home at IKEA.
online store. A multinational, high-quality
design brand always has the danger of India is a young countr y, demographically. And a youthful
being perceived as a premium brand and countr y, psychographically. So, in a sense everyone is young
in
for the “few.” But our strong commitment to their minds. And IKEA is a youthful brand. And that’s why
it’s a
designing and selling affordable products, perfect match.
with an inclusive communication externally,
all supported by our deep culture and values, What we’ve learnt is that the fundamental needs at home
have helped reinforce that we are here for the are quite universal, not just for different demographics, but
many - in India, as well, just like in any other in fact, around the world. And that’s why the IKEA range and
countr y in the world. the entire offer works so well across all countries. Everyone
wants a home that’s beautiful, affordable, functional, high
As a result, we’ve had a really successful quality, healthy, and sustainable. And this is how our produc
ts
two years in India, with a strong and loyal are designed to cater to all these aspects (what we call the
customer base, who has given us their love Democratic Design principles).
and trust. The people love our wide range
of home furnishing products and services, And similarly, everyone has similar needs from the differe
nt
where we literally have everything you need rooms and spaces in the home. For example, everyone wants
for your home, under one roof. They love a comfortable seating solution in the living room, either to
be
the experience of shopping at IKEA, which is by themselves reading or watching TV, or when socializing
or
a unique experience, where you can easily entertaining guests. The only thing that changes is that comfor
t
spend a few hours. They love the quality and may mean different things to different people. So, if you’re
the design. And they love that all of this is at younger, maybe you’re looking for a certain design and maybe
really good prices. say, “Low seating is okay,” because you can get up and down
easily. But if you’re a senior citizen, maybe you’re looking
for a
This has set the base for building a strong little height and back support.
foundation of a modern retail brand in India.
And the best is yet to come, because we’re Similarly, everyone has the need for a convenient kitchen
just getting started. that allows them to cook good, tasty, healthy meals. Everyo
ne
needs a good night’s sleep from their beds. Everyone needs
Amitabh Pande joined IKEA in 2016, after 14 years at PepsiCo
easy to use, store, and clean cooking and eating vessels.
working on strategy and consumer insights. After making its
Everyone needs little decoration items around the house.
much-awaited Indian retail debut with its store in Hyderabad in And
of course, everyone now needs working from home solutio
2018, global furniture and home furnishings retailer IKEA now ns!
also offers online ordering in Hyderabad, Mumbai and Pune.
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C-Suite Q&A
Is there an aspect of IKEA’s India rollout that you think
Amitabh Pande has been overlooked; but is key to the brand’s success?
How has IKEA balanced global and local I wouldn’t say overlooked - but there’s something I would say we haven’t talked about
Head of Marketing
IKEA India codes in the Indian market– in everything enough yet, but is a critical part of the brand. And that is our sustainability agenda, what
from product ranges to marketing strategy? we call “people and planet positive.” The sustainability thinking runs like blood in our
veins. It’s in the design of our products - how we source and use the material through
This has been where we have spent the most time high quality, long-term sustainable partnerships around the world. It’s in how we enable
in the last few years, in establishing the brand from people to live a healthy and sustainable life at home through specific products like
scratch in India. Contrary to popular belief, the many energy-saving LED lamps, water-saving taps, recycling units, and many, many more. It’s
people in India are not aware of IKEA. It’s only the in our championing of the cause with our customers, co-workers and vendors through
privileged “few” who have travelled outside India and communication, apps (check out our IKEA Better Living App), workshops, and other
have been to an IKEA store. And therefore, for us, in forums. And it is in our community engagement that is part of the way we do business.
What have been the most important channels
India it was starting from the beginning. Let’s start with
to reach out to the Indian consumers? And what the “I” of IKEA.
have been the most resonant marketing themes?
Of course, IKEA is a very strong brand around
Of course, the most important channel has been our the world with a very strong identity and values.
store. Our first store in Hyderabad city had one of the most We started with that, and then looked for how we
talked-about launches in India in a very long time. Once
you’ve been to an IKEA store, you’re hooked. Our inspiring
store experience, combined with our unique range of
“interpret meaningfully” in the local culture. Note the
words interpret and meaningfully. Interpretation is
not translation. Good interpretation is not just about
Our co-workers
at IKEA are
products and solutions, are our most important channels. the language, but about understanding. It’s about
deeply understanding the brand values and then
Apart from this, the regular marketing media mix communicating it in a way that the Indian audience
channels continue to play a significant role in reaching to understands so that it’s relevant and meaningful to
consumers and building the brand. Apart from the usual
mass media of TV, print, outdoors and, radio, we have
significantly and successfully leveraged digital in a big
them. That has been our entire endeavor right from the
start. our biggest
ambassadors
way - led by social media (we have beautiful and popular So, if IKEA is about equality, inclusiveness, and
Facebook and Insta pages), our own website, and of course progressive values, what do these values mean in
other regular digital marketing channels like search, etc. India? One manifestation could be the equal roles
that men and women play at home in building the
Then our direct engagement with our customers has
been the other significant channel for us - through our
loyalty program (which we call IKEA Family). As well as
home, doing everyday activities around the home like
cooking and cleaning, and perhaps most significantly,
parenting and raising children. These may be taken
of the brand.
through user-generated content programs on our social for granted in Europe, but in India, they become
media handles. highly relevant for us to build the brand. Similarly,
we followed this thinking across all elements of the
Finally, and just as importantly, our co-workers at IKEA brand, that helped us translate the global vision of
are our biggest ambassadors of the brand. “better everyday life” to our India positioning of “Make
Everyday Brighter.”
One of the most important themes for us that has
really worked, has been captured in our positioning line On our range and products, again following the
“Make Everyday Brighter,” which is all about inspiring and similar principles of how we not necessarily only
enabling many people to create a better everyday life at make new products for India, but also get the best
home, through our wide range of well-designed, functional of the products from around the world and make
and affordable home furnishing solutions. them relevant for use in India. Like I said above, a
comfortable bed and mattress is the same, no matter
where you are.
© Inter IKEA Systems B.V. 2019
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C-Suite Q&A
Amitabh Pande
Head of Marketing Future outlook
IKEA India One thing we’ve
learned is that most This year’s Brand Z™ is all about
“Repurposing brands for the future” - how
Adapting to the present of the needs from does this theme fit in the context of IKEA’s
brand story in India?
How has IKEA most successfully life at home are
pivoted during the events of 2020? This theme is like the defining trait of IKEA for
What product ranges have proven universal around the last 75 years that it has existed. Like I said
things manifest
at home
The last few months have only made life The importance of home has never been higher,
ever. These Working from home, cooking and eating,
more relevant and central to our lives than es and is clearly going to be the defining space for the
incre ase. And we will healthy living, home decoration, and textil
needs above from home will only
themselves.
ng, future. IKEA as a brand exists because of people’s
earli er not – as well as comfortable living room, seati
discover new needs from home that were solut ions: these have all life at home. Need I say more?
at home, bedroom, and sleep
expected - working from home, exercising durin g these times .
on and so forth. been popular and relevant
picnics at home, gardening at home, so
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Brand
Building
Best
Practice
B R A N D B U I LD I N G B E ST PR AC TI CE B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Purpose Marketing
pedestal: purpose-
Find partners with shared intentions marketing, it certainly offered an example of a
brand fully living out its core proposition while
Brands need to create an eco-system of the right agencies applying an abundance of creativity. Where it may
and partners who can allow them to execute their purpose-led have fallen short of its full potential, in my opinion,
marketing with shared intentions. For instance, partnerships
led marketing
was in failing to invite consumers to “share the
with broadcasters or media platforms that genuinely believe in pedestal”: to bring consumers into a two-way
a brand’s purpose, and are ready to partner for the long term. conversation around an explicitly shared purpose.
Or partnerships with agencies that can help to connect the
right dots and execute well on communicating your purpose to
consumers.
Let consumers take the charge
“PURPOSE MOVES US: Our purpose is to unite the world through
sport to create a healthy planet, active communities, and an equal Brand partners thus play a vital role in driving purpose-led
There’s nothing more powerful than consumer-
marketing. More than commercial consideration, there has to be
playing field for all” a commitment and intent to be available to each other and drive
advocates when driving a brand’s purpose-led
marketing. No, I am not talking about paid
a shared purpose passionately. Fading out purpose-led content
This is the statement from Nike’s mini-site https://purpose.nike.com/ dedicated to influencers talking about a cause and garnering
from your programming or marketing calendar because it
views on social media. I am talking about an
driving its purpose-led marketing. doesn’t show immediate results is not the way to win on purpose.
ecosystem of purpose-led marketing where
Consumers need to see a brand and its partners living out their
consumers take charge of conversations with their
Nike voices issues that need a platform. A platform created with media money, reaching values, time and again. That’s what brings credibility and trust.
own subsets of hashtags and topics.
out to a wide audience with a point of view. Nike is a brand that takes a stand on issues that
matter to its consumers. If you enable consumers to express themselves
Be creative to drive a purpose creatively and innovatively, the rest will be taken
Today, socially conscious consumers are radically connected and have strong opinions. care of by them. Be available to them with your
They don’t hesitate to share their views on social media, and get intensely involved in In India, Idea Cellular (Now Vodafone Idea Cellular) famously purpose at platforms that enable consumers
important conversations. A brand can play the role of an enabler in this environment. created memorable advertising campaigns worthy enough to to create and distribute personalized content
create purpose-led marketing. Their core proposition “What innovatively.
an Idea” took social issues and created quirky, solution-led
propositions around them. Consumers used to wait for the next
campaign and how the brand would come up with the cleverest
solutions to the problem at hand.
w w w.g r o u p m.c o m
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Purpose Marketing
Adapt to change
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Business Transformation
The Road Ahead: Once upon a time, brand success could be attributed to
a great product or close proximity to the customer. Now, on
account of technology, everybody can make a great product.
Flipkart and Amazon (much like the
cola wars are between Coke and Pepsi).
However, Reliance’s JioMart is going to
alter this competitive landscape. The Jio
Dramatic Business
From a time that a brand launches a fabulous product, it takes
the competition less than 90 days to replicate this to perfection. model enables every neighborhood store
Also, on account of the internet, every brand is now just one to get the benefit of e-commerce, without
click away from the customer. In such a situation, the key making commensurate investments. With
differentiator will be a great customer experience. A brand their close proximity to the customer and
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New normal
problems and society’s problems– big
and small. In doing so, we see consumer Conventional wisdom dictates that influencers are
expectation reframed at many levels: among the best ways for brands to build awareness and
persuasion. But in the COVID-19 context, consumers expect
brand influencers:
• From being a reliable solution provider brand influencers to grow beyond their old roles and
to being an effective problem solver become advocates for change. Brands and influencers need
to work together to be a positive force in shaping our culture,
• From being an innovation and and in influencing acceptable behaviors and attitudes.
Understanding the
technology leader to a being visionary For example, one aspect of our “New Normal” involves
and a civic leader heightened safety protocols. The voice of influencers can
be a way of providing a platform for educating audiences
• From understanding struggle to about these measures.
creating optimism
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Sustainability
Sustainability:
2030, and completely decarbonize by 2050.
In 1992, Cormac Cullinan’s Wild Law proposed “earth justice” Green generations demand green actions
or “earth jurisprudence,” a concept underlying the law’s ability to
protect the environment and effectively regulate businesses that Brands today cannot remain oblivious to
the key to growth, pollute. If a business activity harms the environment, what rights
does the environment have to fight back? The older generations
may have ignored this question and the parasitic relationship
humans share with nature. But the young adults of today have
the impact their business practices have on
the environment. More than half of the global
population is made up of young adults (31.5
percent Millennials, and 32 percent Gen Z) who
survival and long- acknowledged it. are demanding authenticity and sustainability
from governments and corporations. Businesses
are left with no choice but to re-evaluate their
The Greta effect business practices to continue being relevant
term profits?
for these consumers. A study by the Wharton
Across the world – including in India – millions of students Business School found that these young adults are
joined the movement “School Strike for Climate.” The marchers interested in supporting brands that are ethical,
have demanded urgent action from authorities to address caring, and full of purpose.
the climate crisis. The innocent voices have shamed not only
governments across the globe for their inaction – but also Ybrands recently surveyed 80,000 young
consumers globally (Millennials and Gen Z)
“I don’t want you to be hopeful. I want you to panic. I corporations. A recent report from the United Kingdom on
and found that the brands they consider most
sustainable business leadership attributes changing attitudes
want you to feel the fear I feel every day. I want you to act. in global boardrooms to the 2019 worldwide strikes led by trustworthy offer more than just a good product or
I want you to act like you would in a crisis. I want you to Swedish activist Greta Thunberg. Similarly, in India top corporate service. For example:
act like your house is on fire, because it is.” Greta Thunberg philanthropies have come together and started the initiative
• Netflix: The company purchases renewable
India Climate Collaborative (ICC) to find solutions for the
challenges posed by the climate crisis, in collaboration with energy certificates to match its non-renewable
more than 40 organizations. Initiative members include major energy use and it funds renewable energy
industrial corporations such as Tata, Godrej, Mahindra, and production from sources like wind and solar.
Wipro.
• Google: In 2016, the company marked
10 years of operating as a carbon neutral
company. Six of its operating data centers
The black swan showing the way
have achieved 100 percent landfill diversion,
and one of these has also reached Zero Waste
At Wunderman Thompson we exist to inspire growth for
The COVID-19 Pandemic is a black swan event that has
to Landfill.
ambitious brands. Part creative agency, part consultancy paralyzed the global economy and imprisoned 7.7 billion
and part technology company, our experts provide end- people in their homes. It has caused worldwide socio-economic
to-end capabilities at a global scale to deliver inspiration • Amazon: The company has a goal to install
across the entire brand and customer experience. losses and undeniable suffering - but there have also been
solar systems on 50 fulfilment facility rooftops
environmental gains. A recent University of Sydney study of
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Sustainability
Brand Building
Action Points
1. Reduce greenhouse gas emissions:
Dell Computers has created the Connected
Workplace, a flex-work program that reduces the
number of miles workers commute each year. This
sustainability initiative has helped the company
avoid about seven thousand metric tons of
greenhouse gas emissions.
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Empathy
These days,
Even pre-COVID-19, there was already a restless mass of - Courage. Courage is a willingness to
Centennials challenging the establishment on the streets across the understand others’ viewpoints and stand
world and in metros of India. This trend has only grown as COVID-19 with them even if doing so does not align
has exposed deep social faultlines. with public opinion. In Kantar’s COVID-19
Barometer survey, we find Centennials
Empathy, originally derived from perceived callousness towards helpers, and the brand had to apologize.
- Optimism. Brands can’t take away
German phrase Einfuhlung, has been suffering, but they can build the hope of
COVID-19 has changed it all. That it was never In the best of times, it is easier to sympathize than to empathize,
defined and redefined throughout the normal - of those comfortingly everyday
enough to just “say” was obvious, but scrutiny around especially when there is a language and class divide between those
history of its existence. However, never habits and rituals that brands have
whether brands are “walking the talk” is more intense creating the brand proposition in “India” and those receiving the
has this word had as loaded a meaning than ever. In the Elderman Trust Barometer, 86 percent message in “Bharat.” It is, furthermore, easier for brands to simply always facilitated. Hyundai’s “Haq hai
as during this COVID-19 pandemic. of Indians surveyed say a brand should do, “Whatever mimic emotions that are seen during a simple, cursory read of social hamara” simply salutes the resolve of
Brands have been trying to be purposeful possible to protect the wellbeing and financial security media trends and editorials. It is much harder for a brand to genuinely people to stay strong: the resolve of
for the past few years with cycles of of employees and suppliers, even if brings financial try to understand a problem in its entirety, and to go beyond advertising normal, ordinary people who have the
“wokeness.” Up until now, however, for losses.” The ubiquity of social media means that and tweak its business model to truly “walk the talk.” right to freedom, free will, and spirit.
most brands such exercises were an any perceived empathy deficits will be met with an
Brands need to understand customers
add-on communication to align with the immediate backlash. For example, Richard Branson’s Some 92 percent of people in Kantar’s June COVID-19 Barometer -
decision to ask Virgin Atlantic staff to take unpaid leave India say they have faced a real loss of income. How can a brand even beyond the marketplace – as humans with
general climate of the community. There
triggered just such a negative response. try to sympathize with job loss, loss of aspiration, and loss of a future? the indomitable human spirit to overcome,
was also a certain amount of FOMO – fear
Similarly, the Solicitor General of India recently informed the Supreme but also human foibles and prejudices.
of missing out – that kept brands from Brands will need to try to walk in our shoes,
Empathy is not an easy task even in best of times Court that 9.7 million migrant workers have been transported home.
staying on the purpose bandwagon. help us in our daily struggles, give us hope,
due to its possible moral ambiguity. The concept of Estimates suggest another 2.7 million are still stranded. This is pain at a
“empathy” can lead us down two morally conflicting scale never seen before. and appeal to our better selves. The next
paths. It can mean a willingness to understand an generation is watching!
individual’s situation in order to inspire compassion. Another major shift – that was present before the pandemic, but
But it can also mean a blind emotion that gets in the has only grown in force ever since – is that today’s customer expects
authenticity. She is willing to forgive lapses in service or product if she
believes the brand has tried its honest best.
Kantar is the world’s leading evidence-based insights and consulting
company. We help our clients understand people and inspire growth.
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Empathy
the brand can improve the lives of consumers and their communities–
and then going ahead and implementing them. Much more than
showing sympathy or compassion, empathy is rooted in values like
transparency, kindness, support, respect, and dignity in action. These
binding values, not incidentally, also define the intimate relationships and went beyond the call of duty to train their
between friends and families. new partners on changing paradigms – all geared
toward serving consumers’ evolving needs and
Let’s take the example of Ford Motor Company in India. Ever since choices. HUL introduced “Essentials on Wheels”-
2016, all of its business and brand initiatives have been aligned to a a Contactless Direct-To-Home RWA Distribution
Tathagata Chatterjee unique brand platform, “Feels Like Family, For A Change.” This platform Channel. Ford India launched “Dial A Ford” – an
Vice President & Strategic Planning Director embraced and championed human values in people, processes, and initiative that allowed new customers to book a
GTB products. The brand walked the talk by creating a series of authentic, test drive or buy a new car and get it delivered
[email protected] reliable and transparent online and offline experiences around “unmet (while also allowing its existing customers to
needs.” Ford zeroed in on what it meant to be a part of a “family”- a schedule door-to-door servicing).
welcome change from what consumers suffering from a “trust deficit”
in the automotive category were otherwise used to. At the core of all With looming economic uncertainty, buyers
role of empathy that centers empathy as the most critical emotion in the brand’s
communication craft – as well as in its actions.
Cut to the first half of 2020, when the COVID-19 pandemic created
economic burden. A few even went to the extent
of extending financial support for a limited time
frame in case a job loss happened. Pepsi joined
hands with the National Restaurant Association of
a worldwide disruption overnight - India included. Many Indian India (NRAI) and Swiggy to provide 25 lakh meals
businesses and categories have been adversely affected. Some brands to distressed workers in the restaurant community.
In his 1968 sci-fi novel “Do Androids Dream From the imaginary world of science fiction and corporations, however, have successfully managed to earn their Is there a possibility of falling into an “Empathy
to the real world of society and culture – where stripes and build brand loyalty in anxious times by connecting with their Trap”? Many marketers mistake preaching for
of Electric Sheep?” – which later became the
systemic and institutional biases prevail – consumers through empathy, purpose, and doing something good for purpose. In the name of showing empathy and
movie Blade Runner - Philip K Dick put forward
empathy is becoming the proverbial touchstone the community. solidarity to consumers and their causes, brands
a fascinating idea. He wrote about a diagnostic
for many marketers. They hope to use empathy should not come across as opportunistic. If a
tool called the “Voigt-Kampff Empathy Test.” In a to evoke emotions and induce consumer actions: In the early days of the Pandemic, when it seemed we may run brand is not able to offer authentic value through
dystopian future world, this test was administered actions like sharing, responding, and prompting short of masks, medicine ordering app Pharmeasy ran an initiative empathy, or to take an action to eradicate a deep-
by the Law Enforcers to separate out humans from change within communities. called “Donate a Mask” in which every time a user purchased an seated bias, mere platitudes will not suffice. Doing
androids, who were otherwise indistinguishable in N95 mask from their platform, one mask was donated to healthcare nothing becomes the next best course of action
terms of looks and high intelligence. Interestingly, Let’s start from the basics of marketing professionals by Pharmeasy. Mahindra Group, meanwhile, embarked rather than putting a false foot forward!
the human capacity that the androids were thought theory. Any commodity becomes a brand when on the production of ventilators at its factories, a practice that was soon
necessarily to be lacking was empathy: the ability to it successfully “earns your trust” by fulfilling a emulated by other manufacturers. Going forward, empathy will manifest itself
imagine oneself in someone else’s situation, to desire need gap through differentiation and relevance. in multiple ways. Over the next few months
that individual’s well-being for their own sake, and But it can become your “true friend” only when Food delivery aggregator Swiggy launched the Swiggy Genie and years, we will find ourselves in a world
to be willing to share that person’s suffering. it elevates its purpose beyond transactions and service, which allowed consumers to do any task they needed to be dominated by AI applications meant to deeply
shows “empathy.” done right, from delivering home-cooked food to loved ones, to picking understand behavior – perhaps first in the forms
up non-prescription medicines from neighborhood stores. FMCG of multilingual interfaces, shopping assistants,
What exactly do we mean by that? In simple companies like Pepsi forged partnerships with delivery aggregators easier payment interfaces, and chatbots for quick
words, the brand ceases to treat its consumers resolutions to problems.
like an anonymous data point as opposed to
being something to someone. That sense of Which brings us back to the sci-fi story we
“being something to someone” is best conveyed started this piece with. For brands aspiring
through empathy. It could mean a display of to be “more human than humans” in order to
GTB is a global communications agency with a single human-like virtues: virtues such as brands giving differentiate themselves and shine through amid
purpose: to make what matters for people and for business. a patient hearing to their consumers; putting new paradigms, they have no choice but to lead
oneself in consumers’ shoes; truly identifying with with empathy-driven propositions.
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consumers’ situations; and thinking of ways that
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Empathy
Key Takeaways
of the brand
1) Ma ke empathy the DNA
s.
platform development proces
ral science to
2) Rigorously apply behavio
be in the
understand what it means to
consumer’s shoes.
ugh empathy;
3) Offer authentic value tho
ute
take a brand act ion to contrib
-seated
towards eradicating a deep
bias.
institutiona l or systematic
tize empathy-
4) Ma ke efforts to democra
led solutions.
thing can
5) Remember that doing no
best
sometimes become the next
putting
course of act ion rat her than
king
a false foot for ward or mista
preaching for empathy.
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Agility
Key Takeaways
organization. And the extent to which that organization can
rapidly adapt to flux and fluidity is what determines how agile the
Agility in Building
consumer need that is immediate and short term can go a long
anizat ion
way in acquiring consumers and building brand love, as well as • The internal culture of an org
.
delivering immediate revenues. Swiggy delivering essentials as
drives how agile their brands are
soon as lockdown was announced is a prime example. Though
Successful Brands
grocery delivery is not its core business, the company responded
hnology –
to the need of the hour rapidly, and stood to gain from it. There • Technology, technology, tec
agile.
are many businesses that did the same. And as consumers, we are it’s the key to being nimble and
always primed to remember brands that have understood us and
been with us in hard times. s the
• Ag ilit y can be geared toward
The Oxford dictionary defines
“agility” as the “ability to move It is common knowledge that agile organizations survive better However, for long term sustainability, organizations also need short term, which has tangible
quickly and easily.” However, a deeper during a crisis. However, agility is not just about responding to to adapt in a way that is close to their core and to their purpose. ret urns.
meaning of the word is “the ability to the external world to maximize topline revenue. A successful Brands need to find those opportunities and plan for them quickly.
A key example is Himalaya, which stands for wellness, launching ability,
think and understand quickly”, and organization needs to be agile at multiple levels and from a holistic
• However, for long term sustain
perspective. Pure Hands handwash during COVID-19, and prioritizing it over se.
that, to my mind, is more critical. In
other product launches. Another example – out of many – is Amul be close to your core and purpo
the current scenario, where things
First and foremost, organizations need to be agile internally, in launching Haldi ice-cream as an addition to its immunity booster
are changing every day, it has never
the way they are structured, and in the way they function. Those product range. • Be “human-cent ric’ and not
been more important for brands and
businesses to “think and understand
companies that have adapted to remote working with speed have “consumer-cent ric.”
also been those who have been able to respond well to the current However, at the heart of everything is the consumer. Agility
quickly,” for that precedes “moving uncertainty. Technology plays a big role in internal agility, be it at a is irrelevant if it doesn’t serve to actually solve a problem, or
quickly and easily.” relatively simplistic level of having systems to work remotely, or at serve a real (and not contrived) need for the consumer. Hence, it • Invest in data, str uct ured and
to peel
a more complex level of having a system which helps, let’s say, to is above all important for a brand to have an ear to the ground unstr uct ured – and know how
have a single end-to-end view of the supply chain. Cross-functional – to invest in understanding consumers and the nuances of the layers of data.
teams – with products, projects, and processes which are on the their socio-cultural environment. Brands need to go beyond
cloud and accessible to all relevant stakeholders – can go a long being “consumer-centric” and be “human-centric.” They need
way in driving efficiency and nimbleness. to understand people, their behavior, their hopes, their fears,
and their emotions. They will then need to craft not just their
communications, but also their products, accordingly. It is critical
to invest in data, both structured as well as unstructured, and
have people who can read between the lines, to peel the layers
beneath what the data says.
Motivator, a leading media agency in India, is GroupM’s
specialized agency to handle “emerging brands’’.
At the end of the day, what decides whether a brand is a
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success or a failure are wonderful, intelligent, but often irrational
people out there. Hence it is more important to “think and
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Employee Advocacy
To build an impactful and sustainable employee advocacy
program, there are some steps you need to take:
to share their ideas for campaigns. The best
content was picked up and amplified by Cairn’s
Get the objective right social media team, which brought gratification to
employees, and created a steady content stream
While the overall objective is to get employees to become your for Cairn’s social handles. And best of all, this was
brand ambassadors, it is always good to specify a clear objective. all credible, relatable content.
In Cairn’s case, for instance, the objective was to use employees to
counter instances of unfavorable public opinion on social media with In time, employee-sourced social media
Bhuvnesh Chawla positive stories from within: of the work that employees were doing, the campaigns became one of the most vibrant
Chief Marketing & Growth Officer
community they were building, and the bond they had as an extended streams of content for Cairn. Once the pandemic
Genesis BCW
family. began, this content became even more impactful,
[email protected]
showcasing how Cairn was focused on its people
and community during this time. From CSR
Employees can Identify your brand squad outreach, to videos by employees’ kids on safety
norms, to increased engagement on the CEO’s
Ideally, you want every employee to be your brand advocate, but social handle, the employee advocacy campaign
realistically, that is neither feasible nor necessary. You therefore, need really matured in this difficult period.
be your best
to identify a set of people who have the following attributes:
• They are loyal and passionate about their work People connect with people, not with esoteric
• They are vocal on social media concepts. And nothing makes a brand more
• They have a decent influence footprint human than its employees. A well thought-
brand advocates
To identify these people, consider running a survey—which is what through employee advocacy program can really
Cairn did. Once you identify a smaller group, run a pilot with them. make a brand’s voice credible, strong, and unique.
b c w - g l o b a l . c o m /g e n e s i s b c w
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COVID-19 can be
so, brands can influence and design their own
mobile. Food trucks are working with housing societies, announcing their
futures by offering powerful retail experiences
visit ahead of time to allow residents to order pizza right outside their
that allow customers to see brands differently.
home. This is a perfect response to the “new normal,” and also one that
This, in turn, creates tangible differentiation
has longevity, as customers actively seek out brands that make it easy for
a springboard for
versus the 0competition, giving people
them to buy.
compelling reasons to visit a certain brand.
India’s Modern
products from store carparks at pre-agreed times. Like Domino’s, this
data, we’ve taken “experience” (something
initiative serves as a response to current needs, but also provides a new
considered by many to be vague and
and valuable way for customers to engage with the brand. It creates an
intangible) and have codified it for brands –
impact in the short term, but also opens up more channels for longer-
empowering them to take control back into
Retail sector
term benefit.
their own hands.
While Domino’s and IKEA have identified key touchpoints that put
Establishing the right themes, and blending
them in winning positions with the customer, some brands need to look
them with a brand’s positioning, creates
beyond single touchpoints and reconsider their overall brand experience.
a unique experience signature – enabling
India’s modern trade retail brands have had a good run. The events of this year, however,
retailers to effectively express themselves
have challenged these assumptions
across all touchpoints, whether they be
Despite being dwarfed in size by general trade, the and are raising fundamental An opportunity to boldly reconsider the fundamentals physical, human, or digital.
sector has experienced steady growth over the last questions about the future of modern
trade retail in the country. The first step in the process is doubling down on a universal consumer
decade, sustained by strong economic and social factors. While COVID-19 provides Indian retail
truth: “The more your retail experience matches my need, the easier it is
Rising incomes, favorable demographics, and growing with its biggest challenge, the chaos presents
To date, the sector has been able for me to say yes to you.”
urbanization – combined with high levels of foreign opportunity - a chance to move from a purely
to rely on latent demand, which led to
investment – created a sense of certainty about the future. transactional exchange to something more
an attitude of, “If we build it, they will This means that in order begin to thrive again (or in cases, merely
Long-term growth felt assured. sophisticated: an empathetic customer
come.” COVID-19 and the resultant survive), retailers need to re-examine their purpose and rethink how they relationship.
financial uncertainty has shut down operate.
demand. From being in a situation
So create stores where people want to be,
where providing access to brands in Here’s an example of this type of re-examination, using bold thinking enable customers to easily engage with your
well-kept modern stores was enough, to take a retail brand in new directions. brand, and help them to achieve their needs.
retailers are now in a situation where
there aren’t enough customers to go John Lewis, one of the UK’s most respected retailers (and famous for
Landor&FITCH’s ambition is to deliver extraordinary brand In these times of uncertainty, real and
around. its employee-owned business structure) is considering turning recently
transformation for our clients, by design. With Landor’s brand consulting personal connections make all the difference.
and strategic design capability, FITCH’s experience design and retail closed stores into new, mixed-use affordable housing. Other potential
consultancy, and ManvsMachine’s leading edge motion design, we are the initiatives tap into the brand’s commitment to social good and reflect
largest specialist brand and design group in the world.
growing consumer trends. Interest in the shared economy has led them to
w w w. l a n d o r. c o m w w w.f i t c h.c o m w w w.m v s m.c o m consider renting products rather than only selling them.
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How to maximize
brand experience
ided by, the customer.
• Obsess about, and be gu
use d Ex perience
• Develop a unique and foc
Sig nature.
s immersive and
• Ma ke Physical touchpoint
to feel that a store
inspiring: Consumers want
visit is time well-spent.
man connections
• Realize the potentia l of hu
r ser vice.
through empathic custome
and interactive
• Combine the storytelling
h the benefits of a
opportunit ies of Dig ita l wit
physical store.
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Big bang
Titled “The Big Bang of Do,” Wunderman Thompson’s study levels; all resulted in the brands involved
provides clients and businesses at large with a short and easy maintaining a relevant and tangible connection
guide on how to make critical marketing and communication with their audiences.
decisions in these times. The thinking behind the study was that
businesses and brands will have to be more careful, responsible, • Do the doable: Wunderman Thompson
and creative in their actions and communications. Instead of helped TATA PRAVESH (the prefabricated door
going dark, businesses and brands will need to modulate, business) – in a very rapid response time – to
calibrate, and present their response to this crisis depending on creatively connect its product to the safety and
what kind of need they are satisfying in consumers’ lives, or what well-being of their consumers, and to urge
product and services they are providing. them to stay indoors during lockdown.
of DO
Studies on business and social good have shown that over 80 • Do the supportable: Wunderman Thompson
percent of consumers across all ages believe that brands and big conceptualized a Pepsi campaign called
companies should take responsibility for improving the world. In #PepsiSaveOurRestaurants. This campaign
other words, they should comprise a new class of civic-minded focused on providing restaurant workers
leadership. (whose workplaces have been largely
shuttered during the pandemic) with much
Three broad templates were identified for brands to do this: needed meals. This was done in association
with the National Restaurant Association India
• Do the doable: Acts that directly respond, generously, on and Swiggy: Every time any beverage was
The world is in an unprecedented situation. We may ordered on Swiggy, funds were contributed by
whatever scale is doable, within the framework of rapid
never return to business as usual. The need for brands to response (e.g. a day or two). Pepsi to feed hungry workers.
stand up and play their part is greater than ever before.
• Do the supportable: Acts that support individuals or groups • Do the transformational: Wunderman
serving as crisis managers in the field, in the labs, or in the Thompson helped the Times of India media
wider infrastructure – the better to enable and facilitate group conceptualize and run the “Mask India
humanitarian efforts. Movement,” which harnessed the power of
the group’s reach to not just make consumers
• Do the transformational: Acts that protect people from safe, but also give them a new way to connect,
consequences, now and in the future. express, and contribute to the “masking” effort
themselves.
The COVID-19 pandemic is the first global crisis of its kind
and magnitude where the majority of consumers are either
Millennials or belong to Gen Z. While the 2008 global financial
What a brand needs
At Wunderman Thompson we exist to inspire growth for
ambitious brands. Part creative agency, part consultancy
crisis can be seen as the birth of the need for more socially most in these times is a
responsible behavior from brands and businesses, the COVID-19
and part technology company, our experts provide end-
to-end capabilities at a global scale to deliver inspiration crisis will be the tipping point. I speak for members of my team real intention to “DO.”
across the entire brand and customer experience.
who helped with this study, and for many consumers. Their lens
w w w.w u n d e r m a n t h o m p s o n.c o m / i n d i a
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Recovery
and Growth
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Insight
For instance, the data shows up-and-down urban
consumer enthusiasm for online shopping during Brands are expected to be
the pandemic, especially early on, when online practical, optimistic and
platforms struggled to keep items in stock. By early helpful to build the new normal
Building Trust
54% 48%
June, however, delivery had become more reliable.
That month, 45 percent of urban consumers surveyed
Times
interest in online shopping for personal sanitizers,
home sanitizers, groceries, and health and nutrition
Be practical and realistic Be a trusted source of
supplements. (Personal care products, however,
and help consumers in accurate information
In this prevailing environment of lagged somewhat behind.)
their everyday life
45% 38%
uncertainty, trust could be the most powerful
emotion that brands can evoke. There are certain By early June, 65 percent of shoppers surveyed
facets that favor established brands. As trust is said they were paying increased attention to prices,
something that builds and unfolds over time, across all categories. Similar proportions of consumers
any brand that can point to a robust chronicle said that they were making more “shopping lists”
of existence should do so. Multi-category plays versus buying things impulsively. Some 93 percent of Bring all their production Reduce anxiety and
could cue a trust advantage as well, as such those surveyed reported that the COVID-19 crisis had and factories to India understand consumers
brands could be seen as entities that have proven already made an impact on their household income. concerns
their trustworthiness across a larger number of
36% 28%
usage occasions. Under these conditions, clear - but ever-evolving
While these examples appear to give certain - preferences have emerged around what consumers
kind of brands more purchase in the realm of want from the brands in their life. In June 2020, for
trust, this isn’t strictly so. instance, 54 percent of Indian consumers said they
Acts of good can come in handy. Trust expected brands to “be practical and realistic” while
can accrue outside of product and functional Be an example and Be optimistic and think
providing everyday help to consumers; a quarter of
contexts – and thus, acts displaying compassion, guide the change in an unconventional
consumers, meanwhile, thought brands should be
grace, and empathy can build brand love and “attacking the crisis and demonstrating that it can be way
trust. Open, responsive brand culture is a great fought.”
28% 25%
tool, too. A brand that communicates and
engages honestly with its consumers, even on The correct approach for brands in the coming
issues of product and service distress, comes year, then, will be to combine the timeless with the
across as an entity willing to do everything that timely. Meaningful Difference will always be the key
it can to help people. ingredient for recovery and growth in times of crisis. Help build new Attack the crisis and
But when deciding how to emphasize Meaningful routines at home
Sumant Bhattacharya demonstrate that it can
National Head – Communication Planning Difference, brands will need to draw upon the latest
be fought
Motivator, GroupM consumer intelligence to chart their tactical path Source: Kantar COVID-19 Barometer - India
[email protected] ahead. That’s where reports like Kantar’s COVID-19
Barometer will prove crucial.
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Insight
Brands need to
deliver on multiple
levels of empathy
Consumers are facing a flux, a new normal that is marked by a
negotiated restriction, one that balances the fear of disease with the
courage to normalize. Times like these call for brands to be more
empathetic than ever. Brands need to deliver at multiple levels of
empathy:
Cognitive Empathy: Understand and offer. Acknowledge the fear
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Insight
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Retail Spotlight
Fewer trips and a focus Cosmetics Long Shelf Appliances Appliances Holidays Luxury
of “the essentials”:
Life Products and Durables and Durables Goods
The COVID-19 pandemic has created a new mood of frugality - and with it, a consumer shift
towards prioritizing products seen as “essential.” But what types of goods typically qualify as
such – and conversely, which categories will Indian consumers delay purchasing until later in the
country’s recovery period? Kantar’s COVID-19 Barometer has been tracking aggregate shifts in the
Apparels Mobile Small Taxis, Car Air Travel Jewelry
“recovery horizons” for major consumer categories. While individual consumer behavior may vary, Handsets Technology Renting
in early June 2020, the overall category picture looked like this: Appliances
Personal Home Health Antiseptic Food Personal Nutritional Source: Kantar COVID-19 Barometer - India
Cleaning Hygiene Spending Liquids Essentials Grooming
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Retail Spotlight
Minimal contact,
alongside categories seen as holding elevated safety
risks (for instance, Taxis and Travel).
158 159
Resources
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Methodology
Importance of Brand
BrandZ™
benefits consistently delivered. Brands provide
clarity and guidance for choices made by companies,
consumers, investors and other stakeholders. Brands
provide the signposts we need to navigate the consumer
and B2B landscapes.
Methodology
actual sales performance. Brands that succeed in
creating the greatest attraction power are those that are: The Valuation
Meaningful
In any category, these brands appeal more, generate
Process
Introduction greater “love” and meet the individual’s expectations
and needs. BrandZ™ valuations isolate the value
generated by the strength of the brand
A BrandZ™ ranking of brand Different alone in the minds of consumers i.e. with
valuations lists the brands making The brands that appear in this report are the most all other elements removed.
These brands are unique in a positive way and “set
the largest absolute $ contribution valuable brands in the world. They were selected for
the trends,” staying ahead of the curve for the benefit
to the total value of their inclusion in the BrandZ™ Top 75 Most Valuable Indian To achieve this, we calculate and
of the consumer.
respective parent companies, Brands 2020 based on the unique and objective combine two important elements:
considering both current and BrandZ™ brand valuation methodology that combines Financial Value and Brand Contribution.
Salient
projected performance. extensive and on-going consumer insights with
They come spontaneously to mind as the brand of
rigorous financial analysis. 1. Financial Value – the proportion
choice for key needs.
This is the true value of brand of the total $ value of the parent
building and we want to isolate The BrandZ™ valuation methodology can be company that can be attributed to
and reward the brands making the uniquely distinguished from its competitors by the the brand in question, considering
Importance of brand valuation
largest contributions to the success way we use consumer viewpoints to assess brand both current and projected
of their parent companies. equity, as we strongly believe that how consumers performance.
Brand valuation is a metric that quantifies the worth
perceive and feel about a brand determines its
of these powerful but intangible corporate assets. It
A company may have huge success and failure. We conduct worldwide, on-going, 2. Brand Contribution – quantifies
enables brand owners, the investment community and
overall business value but the in-depth quantitative consumer research, and build up the proportion of this Financial Value
others to evaluate and compare brands and make faster
absolute $ contribution made a global picture of brands on a category-by-category that is directly driven by a brand’s
and better-informed decisions.
by the relevant brand(s) that the and market-by-market basis. equity. i.e. the ability of the brand
company owns may not be a to deliver value to the company by
Brand valuation also enables marketing
comparatively large figure – at Globally, our research covers over 3.8 million predisposing consumers to choose
professionals to quantify their achievements in driving
least not a large enough figure consumer interviews and more than 17,801 brands the brand over others or pay more
business growth with brands, and to celebrate these
to qualify for the given BrandZ™ in 51 markets. This intensive, in-market consumer for it, based purely on perceptions.
achievements in the boardroom.
ranking of brand values. research differentiates the BrandZ™ methodology
from competitors that rely only on a panel of “experts,” Note: this does not include the
or purely on financial and market desktop research. proportion of consumers who choose
Distinction of BrandZ™
the brand for reasons other than this
Before reviewing the details of this methodology, predisposition e.g. those attracted
consider these three fundamental questions: why is BrandZ™ is the only brand valuation tool that peels
by price promotions, a particularly
brand important; why is brand valuation important; away all the financial and other components of brand
prominent display etc. Such purchases
and what makes BrandZ™ the definitive brand value and gets to the core – how much brand alone
are not due to the brand’s equity and so
valuation tool? contributes to corporate value. This core, what we call
are removed as part of the process.
Brand Contribution, differentiates BrandZ™.
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Methodology
Part 1 – Calculating
Financial Value
Part 3 – Calculating Brand Value
Calculating Financial Value is a
three-step process: Part 2 – Determining Brand Value is the $ amount that the brand
brand Contribution contributes to the overall business value of the
Step 1 parent company.
Step 2
We begin with the brand’s To arrive at the true value of the brand (i.e. the asset in the
Next, we need to determine the proportion of these Intangible BRAND VALUE =
parent company, which generates minds of consumers) we need to quantify its strength relative
Earnings that are directly attributable to the brand we want to value. FINANCIAL VALUE X BRAND CONTRIBUTION
earnings from: to competitors i.e. to isolate the Financial Value that is directly
driven by its BRAND EQUITY.
To do this we take the Intangible Earnings identified in Step 1 and
1. Tangible assets (assets with
apply the Attribution Rate, which literally attributes a proportion of
a physical form, which include This allows us to understand the proportion of the
the parent company’s Intangible Earnings to the brand we want to
fixed assets - e.g. buildings, Financial Value that is explained by the brand alone and
value.
machinery, land & current assets hence the total $ value of the brand itself.
e.g. cash and inventory)
The Attribution Rate is determined by analysis of brand level
A brand’s equity can impact consumer behavior and
financial information from the parent company’s published financial
Eligibilit y
2. Intangible assets (such as contribute value to a corporation in three ways:
reports and other credible sources, such as data from Kantar’s
patents, trademarks and brands)
Consulting and Worldpanel Divisions.
Current demand—based on the strength of its equity
Example: Volkswagen AG is a
parent company that generates
Once the Attribution Rate is applied to Intangible Earnings, we
alone a brand can influence consumers to choose it over
others in the present—generating volume share.
Criteria
are left with Branded Intangible Earnings i.e. the proportion of the
earnings from tangible assets t
like its manufacturing plants
parent company’s Intangible Earnings that can be attributed to the
Price premium—based on the strength of its equity Brands ran ked in the BrandZ™ Top 75 Mos
or
and equipment, as well as its
specific brand in question e.g. this step would attribute a proportion
alone a brand can influence consumers to be willing to pay Valuable Indian Brands 2020 meet one
of Volkswagen AG’s Intangible Earnings to Volkswagen, Audi, SEAT
intangible assets—the brand names
etc.
more for it over others—generating value share and profit. more of these elig ibility criteria:
under which the cars are sold—
Volkswagen, Audi, SEAT etc. Future demand and price—based on the strength of k
Step 3
its equity alone a brand can influence consumers to buy
• The corporate parent is listed on a stoc
The final step is to consider the projected earnings of the brand in exchange in India
To determine the proportion of the brand more in future or to buy it for the first time at the
question, which measures the brand’s ability to generate earnings in
earnings directly derived from the desired price—increasing volume and value share in future.
the future and requires the addition of a final component—the Brand
company’s intangible assets we
Multiple, which is also calculated from financial data sourced from • The brand orig inated in India and its
begin with Corporate Earnings— Using BrandZ™’s unique survey-based brand equity ed
Bloomberg. It’s similar to the calculation used by financial analysts to corporate parent is listed on a recogniz
sourced from Bloomberg, which model (The Meaningfully Different Framework) we are able
determine the market value of stocks (Example: 6X earnings or 12X stock exchange
represent the latest annual earnings to quantify a brand’s abilities in each of these three areas
earnings).
reported by the parent company. relative to competitors, with a survey-based measure:
Then by using other financial data
When we multiply the Branded Intangible Earnings from Step 2 by • The brand is privately owned, but its
1. Current demand = POWER licly
from the same source, we calculate
the Brand Multiple, we reach the brand’s true Financial Value—i.e.
2. Price Premium = PREMIUM
complete financia l statements are pub
and apply a metric called the
the proportion of the parent company’s $ value that can be attributed 3. Future demand and price = POTENTIAL available
Intangible Ratio.
to the brand in question accounting for current and projected
performance. nt
By multiplying Corporate Each of these measures contributes to the proportion of
• Indian unicorns have their most rece
the company’s total value accounted for by the brand’s equity
Earnings by the Intangible Ratio, we
alone—i.e. the BRAND CONTRIBUTION
valuation publicly available.
are left with Intangible Earnings,
which represent earnings derived
see the
from intangible assets. For furt her details and context, please
full Met hodolog y segment of the report.
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Methodology
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WPP. It’s free, available 24/7, and takes just seconds to create.
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Building
Brand Equity Consumer Trust
Vitality Quotient (vQ) Brand Equity Corporate Reputation Brand Purpose PitchDoctor StoryTeller
Diagnose a brand’s health based on Measure brand equity and Why corporate reputation matters How a brand can be more than a Everything you need to know about An interactive data-visualization tool
five elements that are proven to grow momentum. Diagnose your and how to influence it using the profitable asset. Why your brand your brand’s strengths, weaknesses, to allow anyone to create story-led
brand value: purpose, innovation, performance across three key building latest analysis. First new report in exists beyond profit and your role in opportunities and threats in one easy- insights on how to build and maintain
communication, brand experience, blocks: is your brand meaningful, the BrandZ™ Perspectives series. consumers’ lives. Second report in the to-digest page. brand equity.
and love. different and salient? BrandZ™ Perspectives series.
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www.kantar.com/marketplace/solutions/brand-insights/corporate-reputation-report
www.kantar.com/marketplace/solutions/brand-insights/brand-purpose-report
R E S O U R CE S B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Going Global?
We wrote the book
BrandZ™ The Ultimate Resource for
Brand Knowledge and Insight
BrandZ™ Top 50 BrandZ™ Top 75 BrandZ™ Top 50 BrandZ™ Top 30 BrandZ™ Top 40 BrandZ™ Top 30 BrandZ™ Top 30 BrandZ™ Top 50 BrandZ™ Top 40 BrandZ™ Top 30
Latin American Indian Brands Indonesian Spanish Brands Australian South African Dutch Brands Japanese Canadian Emirati & Saudi
Brands 2020 2020 Brands 2019 2019 Brands 2019 Brands 2020 2020 Brands 2020 Brands 2019 Brands 2020
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Looking East
In-depth brand-building intelligence about today’s China
The opportunity to build brands in China is greater than ever. But so are the challenges.
The fastest growth is happening deep in the country, in less-well-known cities and towns.
Consumers are more sophisticated and expect brands to deliver high-quality products and
services that show real understanding of local market needs.
Unmasking the Individual Chinese Investor The Power and Potential of the Chinese Dream
Plus, emerging from the COVID-19 pandemic, the Chinese market is becoming even more
This exclusive report provides the first detailed “The Power and Potential of the Chinese Dream” is rich with
complicated as consumers reexamine their priorities.
examination of Chinese investors, what they think knowledge and insight, and forms part of a growing library
about risk, reward and the brands they buy and sell. of WPP reports about China. It explores the meaning and
This will help brand owners worldwide understand significance of the “Chinese Dream” for Chinese consumers,
market dynamics and help build sustainable value. as well as its potential impact on brands.
The Chinese Golden Weeks in Fast Growth Cities The Chinese New Year in Next Growth Cities
Using research and case studies, the report examines the The report explores how Chinese families celebrate this ancient
shopping attitudes and habits of China’s rising middle festival and describes how the holiday unlocks year-round
WPP has been in China for over 40 years. We know class and explores opportunities for brands in many opportunities for brands and retailers, especially in China’s
categories. lower-tier cities.
the Chinese market in all its diversity and complexity.
This experience has gone into our series of BrandZ™ For the iPad magazine, search Golden Weeks on iTunes. For the iPad magazine, search for Chinese New Year on iTunes.
Spotlight on...
BrandZ™ Spotlight on Cuba BrandZ™ Spotlight on Mongolia BrandZ™ Spotlight on Vietnam
in India in India
Cuba is a market unparalleled both Mongolia’s GDP has grown at rates Check out the latest Spotlight report
in the Caribbean region and the as high as 17 percent in recent years, on this fascinating, fast-paced market. We help build valuable brands Kantar is the world’s leading evidence-based
insights
world. Brand awareness among encouraging a growing number of Whether you’re interested in food and and consulting company. We have a complete,
unique
Cubans is high but gaining access to international brands to gravitate toward beverages, have a passion for fashion, WPP is a creative transformation and rounded understanding of how people
think, feel
them uniquely challenging. Now is this fast-growth market and make a or would like an insight into Vietnam’s company. We use the power of creativity and act; globally and locally in over 90 mark
ets. By
the time to plan your Cuba strategy. beeline for one of Asia’s hidden gems. financial services, this is your first stop! to build better futures for our people, combining the deep expertise of our people,
our data
clients and communities. For more resources and benchmarks, our innovative analy
tics
information, visit www.wpp.com. and technology, we help our clients understan
d
people and inspire growth.
CVL Srinivas
Country Manager, India To learn more about how to obtain valuable
insights
[email protected] applicable to all business areas contact:
Preeti Reddy
Juliana Yeh CEO, South Asia, Insights Division
[email protected]
Head of Corporate Communications, APAC
[email protected]
Soumya Mohanty
or contact: Chief Client Officer, Insights Division
[email protected]
David Roth
CEO The Store, WPP EMEA and Asia Amanjit Singh
[email protected] Communications Director, South Asia
[email protected]
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BCW (Burson Cohn & Wolfe), one Setting a scorching pace since its Genesis BCW (Genesis Burson Grey is one of the ten largest GroupM is the world’s leading A global, industry-leading
of the world’s largest full-service inception in 1986, Contract Advertising Cohn & Wolfe) has mirrored the journey advertising agencies in the world, with media investment company responsible communications agency, GTB
global communications agencies, has built a reputation for igniting the of India’s public relations and public offices in over 83 countries. It has one for more than $50B in annual transforms businesses through the
is in the business of moving people flames of passion that have created affairs landscape for over 27 years. We overriding focus: to produce truly great media investment through agencies world’s most purposeful, creative
on behalf of clients. Founded by the trailblazing brands across industries. have been setting benchmarks with creative work, to produce work that Mindshare, MediaCom, Wavemaker, solutions fueled by precise marketing.
merger of Burson-Marsteller and our imagination, creativity and agility soars, makes us proud and fosters the Essence and m/SIX, as well as the Founded in 2007, GTB leverages its
Cohn & Wolfe, BCW delivers digitally A passion for insights, an to deliver impact for our clients, and brand relationship with consumers— outcomes-driven programmatic deep understanding of the consumer
and data-driven creative content obsession with out-of-the-box ideas, help them in moving people: to act, to work that helps our clients prosper. audience company, Xaxis. GroupM’s and its clients’ business to deliver
and integrated communications strategic thinking that breaks the inspire, to change. We provide digitally Grey Worldwide provides highly portfolio includes Data & Technology, true integration within the speed,
programs grounded in earned traditional mould, a fanatical pursuit of and data-driven creative content and creative services including brand Investment and Services, all united in diversity and potential of modern
media and scaled across all channels creativity and a commitment to driving integrated communications programs ideas and strategies, brand planning, vision to shape the next era of media communications to “make what
for clients in the B2B, consumer, business results; these resolves sum up grounded in earned media and scaled creative development and production. where advertising works better for matters” for people and for business.
corporate, crisis management, the Contract difference and have made across all channels for clients in the Our agency is organized into four people. By leveraging all the benefits
CSR, healthcare, public affairs and us India's firebrand agency. Besides business-to-business, consumer, geographical units: North America; of scale, the company innovates, www.gtb.com
technology sectors. BCW is a part mass media advertising, Contract corporate, crisis management, CSR, Europe, Middle East & Africa (EMEA), differentiates and generates sustained
Babita Baruah
of WPP (NYSE: WPP), a creative offers truly integrated marketing and healthcare, public affairs and technology Asia-Pacific and Latin America. value for our clients wherever they do
Managing Partner, India
transformation company. communication solutions through its sectors. business.
[email protected]
specialist divisions. grey.com/global
www.bcw-global.com Our network across South Asia includes www.groupm.com
Nirvik Singh
www.bcw-global.com wholly-owned offices in six of India’s
Rishi Seth Global COO & Chairman & CEO, Prasanth Kumar
key metros and a strong affiliate
CEO Raji Ramaswamy Asia Pacific, Middle East & Africa CEO, South Asia
footprint in over 200 cities across India
[email protected] CEO, India [email protected] [email protected]
and neighbouring countries including
[email protected]
Bangladesh, Nepal, Bhutan, Sri Lanka
and Myanmar.
bcw-global.com/genesisbcw
Deepshikha Dharmaraj
CEO
Deepshikha.Dharmaraj@
genesis-bcw.com
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Part of the WPP group, Our ambition is to deliver MediaCom helps brands unlock We were born in Asia in 1997, a We are a borderless agency of Motivator is one of the leading
Hill+Knowlton Strategies India comes extraordinary brand transformation growth through media. We do this by WPP start up designed to make media over 2,500 digital experts, storytellers, media agencies in India. It is GroupM’s
with three decades of experience in for our clients, by design. applying our unique Systems Thinking exciting, fun and life changing. We technologists, makers and relentlessly specialized agency to handle
reputation management, strategic approach to data, technology and are the Cannes Lions Media Network curious minds. Across the globe, we “emerging brands”. It is one of the
communication counselling and brand With Landor’s brand consulting creativity to design communication of the Year 2019 and WARC Media make experiences that people want and fastest-growing agencies within the
building. and strategic design capability, strategies that build brands and 100 #1 Media Network 2020, with the businesses need. Our approach is to GroupM eco-system, with over 50
FITCH’s experience design and retail generate sales. top 3 most creative campaigns of the be entrepreneurial and to create agile clients, both Indian and global, across
Our heritage in owned, earned consultancy, and ManvsMachine’s past year – so basically, statistically teams that blend strategy, creativity, 5 offices. Motivator partners businesses
and shared media enables us to leading edge motion design, we are As part of WPP, and part of GroupM, we the best media agency in the world! technology, media and analytics to in travelling the trajectory “from start
craft purpose-driven integrated the largest specialist brand and design have access to rich data sets and most Our 10,000 people work with some drive innovation. We work to discover up through scale up” – be it new age,
communication campaigns that brings group in the world. We’re proud to robust benchmarks in the business, of the world’s best brands and business and human motivations challenger or existing brands looking
stories to life. Our teams collaborate work with clients that include P&G, enabling us to identify great avenues for companies to challenge convention. because we believe experiences build to diversify and grow. The delivery is on
across zones, languages and cultures Kellogg’s, Kraft Heinz, Barclays, growth and unlock the potential in every Hear our stories (and join us) at www. brands. the back of data, digital, content and
to help clients make prudent decisions Bayer, BP, FedEx, Huawei, Dell, Lego, brand. mindshareworld.com and follow us measurement to drive marketing ROI.
in an always-on world. Our client Sberbank, Bang & Olufson and ESPN at: WeChat ID: Mindshare_China; www.mirumindia.com Motivator’s current client base includes
obsession means constantly evolving to deliver brand-led growth. We are a In 2018, MediaCom become the first Instagram and Twitter: @mindshare; Cars24, Huawei, Yamaha, Himalaya
Hareesh Tibrewala
new products and services to help team of over 1100+ curious minds, with network to hold all six major Media Facebook: facebook.com/mindshare Wellness, Pepperfry , Kalyan Jewellers,
Joint CEO
clients and their public communicate. 43 offices across 19 countries, working Network of the Year titles concurrently: and Linkedin: LinkedIn.com/company/ Bajaj Corp, BharatPe, Redington,
[email protected]
as one, to create extraordinary brand Adweek, Campaign, Cannes Lions, mindshare. Ingram, Del Monte , Essilor, Tata Foods,
H+K India is home to 40+ employees experiences. Festival of Media Global, M&M Global Safari, ZoomCars, Cello Pens, Indigo
Sanjay Mehta
with owned offices in Delhi NCR, and WARC Media 100. www.mindshareworld.com Airlines, Paree, Hitachi and Milklane to
Joint CEO
Mumbai and Bangalore, and supported www.landor.com name a few.
Parthasarathy Mandayam [email protected]
by affiliates in 100+ cities spanning www.fitch.com www.mediacom.com CEO, South Asia
across India. www.groupm.com
www.mvsm.com Navin Khemka [email protected]
Lulu Raghavan CEO Mausumi Kar
www.hkstrategies.com [email protected] Managing Director, India
Managing Director
Abhishek Guliyani [email protected] [email protected]
CEO, India
[email protected] Mark D' Costa
Managing Director
[email protected]
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Ogilvy has been producing Superunion is a next-generation The Store is a global retail practice VMLY&R is a global brand and We believe there always is a better Wunderman Thompson South
iconic, culture-changing marketing brand agency built on a spirit of of WPP, specializing in providing customer experience agency that way to grow. We positively provoke Asia Group provides integrated
campaigns since the day its founder creative optimism. We believe in the expertise, support and added value harnesses creativity, technology, and growth for our clients by reshaping communication solutions to its clients
David Ogilvy opened up shop in 1948. power of creativity to improve the future to client initiatives in retail dynamics. culture to create connected brands. consumer decision-making and through its network across India (New
Today, Ogilvy is an award-winning of people and organisations. The Store is a knowledge hub, built The agency is made up of nearly 7,000 experiences through media, content Delhi, Mumbai, Kolkata, Chennai,
integrated creative network that makes to help clients navigate through employees worldwide, with principal and technology. The Wavemaker Hyderabad and Bangalore), Sri
brands matter for Fortune Global 500 We are experts in brand strategy, insights for consumers, retailing, offices in Kansas City, New York, way is globally consistent. Fueled by Lanka and Nepal. The group includes
companies as well as local businesses design, communications and brand marketing and sales activation, and Detroit, London, São Paulo, Shanghai, the world’s most powerful consumer Wunderman Thompson, Contract
across 132 offices in 83 countries. The management. technology. The Store is also a host of Singapore and Sydney. VMLY&R works data, we understand where and how Advertising, ADK-Fortune and Mirum.
company creates experiences, design global workshops that bring together with client partners including Colgate- marketing can intervene decisively With a reach of over 1000 employees in
and communications that shape every With 750 people in 15 countries, we retailing and branding experts to Palmolive, Danone, Dell, Ford, New to help brands win more sales. Our over 18 offices across three countries,
aspect of a brand’s needs through are a truly global agency. Our clients share their vision and expertise for Balance, Pfizer and Wendy's. For more 7,200 people across 90 markets have we work with some of the most well-
six core capabilities: Brand Strategy, include some of the world’s most iconic future growth. information, visit www.vmlyr.com. the deep knowledge, confidence and known and ambitious Indian and
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David Roth
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WWPGY). For more information, visit unicorns, ambitious start-ups and www.wavemakerglobal.com Wunderman Thompson is committed to
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[email protected] CEO, South Asia
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[email protected]
companies to offer the best business
Benedict Gordon
www.ogilvy.com solutions to our clients.
CEO, Asia
Kunal Jeswani [email protected]
CEO, India www.wundermanthompson.
[email protected] com/india
Tarun Rai
Chairman & Group CEO, South Asia
[email protected]
184 185
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186 187
R E S O U R C E S B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Ganapathy Balagopalan Debarshi Banerjee Indranil Banerjee Babita Baruah Shaveta Bhardwaj Nilanjan Majumdar Preeti Mascarenhas Hemant Mehta Sanjay Mehta Paru Minocha
Ogilvy Kantar Mindshare GTB Kantar Kantar Mindshare Kantar Mirum Kantar
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188 189
R E S O U R CE S B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
Nikhil Banga Chhavi Bhargava Halina Bromberg Elspeth Cheung David Roth Amanjit Singh Graham Staplehurst Nimai Swain
Nikhil is a BrandZ™ Valuation Chhavi is the CMO South Halina is BrandZ™ Marketing Elspeth is the Global BrandZ™ David Roth is the CEO of the Amanjit is the Communications Graham is a senior director Nimai is Executive Vice President
Manager for Kantar. He Asia, Kantar with 27 years Director at Kantar, Insights Valuation Director for Kantar . Store WPP for Europe, the Middle Director - South Asia at Kantar. with over 30 years’ research with Insights Division, Kantar.
manages the brand valuation experience in Kantar. She leads Division, where she is She is responsible for valuation, East, Africa and Asia, Chairman He comes with over 10 years experience in Kantar, He manages BrandZ™ research
projects for various countries for the marketing initiatives for all responsible for the PR, marketing analysis, client management of the BAV Group, and leads the of qualitative research and specializing in brand & and analysis in India. He is a
BrandZ™. the activities and campaigns in and communications on the and external communication for BrandZ™ worldwide project. marketing experience. He leads communications strategy. seasoned market researcher
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ad hoc brand valuation projects. main Board Director of the event and also oversees it’s Strategy on BrandZ™. and comprehensive exposure
international retailer, B&Q. communications, PR and social in brand, communication and
media outreach. stakeholder loyalty research.
Sana Hussain Soumya Mohanty Anand Parmeswaran Preeti Reddy Raam Tarat David Charles Walter Doreen Wang
Sana is a Senior Account Soumya is Chief Client Officer, Anand is the Executive Vice Preeti is the CEO, South Asia, Raam is the Global Project D.C. Walter is a writer and editor Doreen is the Global Head of
Manager at Insights Division Insights Division, Kantar. She President at Insights Division Insights Division at Kantar. She Director for BrandZ™, at in New York, and oversaw the BrandZ™ and Country Head
- Kantar. She has been with has been with Kantar for last 7 - Kantar and also leads the is part of the core WPP BrandZ™ Kantar. He led the production editing of the BrandZ™ Top 75 for China at Kantar. A seasoned
Kantar for last 8 years servicing years and has worked in Insights BFSI Practice in India. He is a Committee and provides of the BrandZ™ Top 75 Most Indian Brands 2020 report. executive with over 20 years'
clients in the space of brand industry for close to three part of the core WPP BrandZ™ guidance and thought leadership Valuable Indian Brands 2020 experience in providing
and communication and also decades. She is partnered many committee for India and to the overall BrandZ™ India report, as well as marketing outstanding market research
manages BrandZ™ in India. companies in brand building oversees the BrandZ™ India effort. communications for other and strategic consulting for
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R E S O U R CE S B R A N DZ ™ TO P 75 M OST VA LUA B LE I N D IA N B R A N DS 2020
The BrandZ™
RoZie is here to answer all your questions about brands, brand
value, client leaders and brand growth.
You can ask RoZie questions about the most valuable global brands
from the BrandZ™ Top 100 2020 report and RoZie will be able to
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194
Writing David Charles Walter
Photography Hashim Badani,
Cecilie Østergren
& Paul Reiffer
www.brandz.com