A Study On Consumer Satisfaction On Masqati Dairy
A Study On Consumer Satisfaction On Masqati Dairy
A Study On Consumer Satisfaction On Masqati Dairy
2, 2024
eISSN: 3032-485X
DOI: https://doi.org/10.62569/iijb.v1i2.19
Received: April 2024/ Revised: April 2024/ Accepted: April 2024
Abstract. This study aims to determine customer satisfaction levels with Masqati Dairy
Products, a supreme dairy brand in India. The research emphasizes identifying the factors
affecting customer satisfaction, including product quality, packaging, pricing, and
distribution, and enhancing them. To determine how masqati dairy products are different
from other dairy products. A mixed-methods approach was used to gather data. The data
would be analyzed and interpreted using statistical techniques such as descriptive
statistics. The finding could indicate that product quality, packaging, and pricing are the
most significant factors affecting customer satisfaction, and identify the areas for
improvement within masqati dairy products while distribution had little impact. The
study would conclude with recommendations for Masqati Dairy Products to enhance its
customer satisfaction and loyalty by improving its product quality, packaging, and product
strategies. This can guide strategic decisions to upgrade or improve customer satisfaction,
loyalty, trust and thereby strengthening Masqati Dairy’s market position.
1. Introduction
This study focuses on analyzing customer satisfaction with Masqati Dairy products, a
prominent player in India's vast and competitive dairy industry. Customer satisfaction is
critical for Masqati's continued growth and brand loyalty in this dynamic market. The
study acknowledges Masqati's reputation for quality products. However, it recognizes that
there may be areas where customer satisfaction can be improved. Understanding
customer needs and expectations is crucial for Masqati to develop products that meet or
exceed these expectations. Influencing customer satisfaction includes product quality,
variety, availability, packaging, and taste. Satisfied customers are more likely to
recommend Masqati products to others, which can significantly benefit the brand. India's
dairy sector has undergone significant transformations in recent times (Kumar, D. R., &
powerful nature of consumer behavior and seeks to modify them It is also expansive and
multifaced. How it also increases the consumer and retailer's expectations and helps in
the expansion of more business outlets.
2. Methods
The research design for this study will be primarily descriptive in nature. Descriptive
research is well-suited for exploring consumer satisfaction as it allows for the systematic
observation and documentation of consumer perceptions, preferences, and experiences
without manipulating variables. Through descriptive research, we aim to provide a
detailed understanding of consumer satisfaction levels with Masqati Dairy Products. A
structured survey questionnaire will be developed to collect data from consumers
regarding their satisfaction with Masqati Dairy Products. The survey will include
questions about product quality, taste, packaging, pricing, availability, and overall
satisfaction. Surveys will be distributed both online and in-person to reach a diverse
sample of consumers. In-depth interviews will be conducted with a select group of
consumers to gather qualitative insights into their satisfaction with Masqati Dairy
Products. These interviews will provide a deeper understanding of the factors influencing
consumer satisfaction, including personal preferences, past experiences, and expectations.
Observation is used for supplement survey and interview data. Researchers will
observe consumer behaviors, such as purchasing patterns and product interactions, in
retail settings where Masqati Dairy Products are available. Observation will provide
additional context and insights into consumer satisfaction. Primary data will be collected
directly from consumers through surveys and interviews. This firsthand information will
offer unique insights into consumer perceptions and satisfaction levels with Masqati Dairy
Products. Secondary data sources, such as industry reports, market research studies, and
company documents, will be utilized to provide a broader context for the study. Secondary
data will complement primary data by offering insights into market trends, competitor
analysis, and industry benchmarks. The study will employ a mixed data approach by
integrating both quantitative and qualitative data sources. Quantitative data from surveys
will provide numerical measurements of consumer satisfaction, while qualitative data
from interviews will offer in-depth explanations and narratives. By combining
quantitative and qualitative data, the study aims to provide a comprehensive
understanding of consumer satisfaction with Masqati Dairy Products. The methodology
outlined above will guide the systematic investigation of consumer satisfaction with
Masqati Dairy Products. Through a combination of surveys, interviews, observation, and
mixed data analysis, the study will provide valuable insights that can inform product
development, marketing strategies, and overall customer satisfaction initiatives for
Masqati Dairy.
3. Results and Discussion
3.1. Marketing Strategies of Masqati Dairy Products
Masqati Dairy Products, with its establishment dating back to 1965, boasts a rich
tradition and heritage deeply rooted in Hyderabad. Leveraging this longstanding
presence, the company can emphasize its commitment to traditional practices, resonating
with customers seeking familiar and trusted brands. By highlighting their dedication to
heritage, Masqati Dairy can establish a strong emotional connection with consumers,
reinforcing loyalty and preference for their products. Understanding the demographics,
preferences, and media consumption habits of their target audience is crucial for Masqati
Dairy to effectively tailor its marketing strategies. By employing targeted marketing
approaches, such as leveraging local media outlets, community gatherings, and social
media platforms, the company can deliver personalized messages that resonate with
specific consumer segments. This tailored approach ensures that marketing efforts
effectively reach and engage the intended audience, maximizing the impact of promotional
campaigns.
A cornerstone of Masqati Dairy's marketing strategy is its unwavering focus on
quality and purity. The company prides itself on sourcing high-quality ingredients and
implementing stringent quality control measures throughout its production processes. By
prominently highlighting these aspects in advertising and packaging, Masqati Dairy can
build trust and credibility among health-conscious consumers who prioritize the quality
and purity of dairy products. This emphasis on quality not only differentiates Masqati
Dairy from competitors but also reinforces its reputation as a reliable and reputable
brand. Masqati Dairy's diverse product portfolio, which includes milk, curd, lassi, paneer,
ghee, and ice creams, reflects its commitment to catering to diverse consumer preferences
and dietary needs. By offering a wide range of options, Masqati Dairy ensures that
consumers have access to products that align with their tastes, values, and lifestyle
choices. This product diversification strategy allows the company to capture a larger
market share and maintain relevance in an increasingly competitive industry.
Establishing a strong brand identity is paramount for Masqati Dairy to differentiate
itself and foster brand loyalty among consumers. A clear and consistent brand image,
reflected in the quality of products, packaging design, advertising campaigns, and social
media presence, is essential for building brand recognition and trust. By maintaining a
cohesive brand identity across all marketing channels, Masqati Dairy can reinforce its
positioning in the market and create a memorable impression in the minds of consumers.
In addition to product quality and branding, promotional activities play a crucial role in
driving consumer engagement and sales for Masqati Dairy. Seasonal promotions and
discounts, particularly during the summer season when demand for dairy products is
high, can attract new customers and encourage repeat purchases. Furthermore,
partnering with local businesses or participating in community events provides
opportunities to increase brand visibility and support small enterprises, thereby
strengthening Masqati Dairy's ties with the local community while expanding its customer
base. Through a holistic approach that encompasses tradition, targeted marketing, quality
assurance, product diversification, brand identity, and promotional activities, Masqati
Dairy can effectively position itself as a leading player in the dairy industry, driving
growth and success in the marketplace.
3.2. SWOT Analysis of Masqati Dairy Products
Masqati Dairy possesses several strengths that underpin its position in the market.
One of its key strengths lies in its established market position, rooted in a long history of
delivering quality products. This legacy not only instills trust among consumers but also
provides the company with a solid foundation for sustained growth and brand loyalty.
Additionally, Masqati Dairy's healthy product diversity, with 25% of its revenue derived
from various products, ensures operational flexibility and mitigates risks associated with
relying on a single product line. This diversified portfolio not only caters to diverse
consumer preferences but also enhances operational efficiency by spreading risk across
multiple product categories. Furthermore, Masqati Dairy has demonstrated improved
business performance, with revenue on an upward trajectory, indicating effective
strategic management and successful customer satisfaction initiatives.
However, Masqati Dairy is not without its weaknesses and challenges. The company is
vulnerable to fluctuations in milk prices, a critical raw material, which can impact
profitability and operational margins. Managing this volatility in input costs requires
proactive risk management strategies to ensure financial stability. Moreover, Masqati
Dairy faces supply chain challenges due to its reliance on external suppliers for raw
materials. This dependence increases the risk of supply disruptions and quality issues,
necessitating robust supply chain management practices to mitigate potential disruptions
and maintain product quality standards.
Despite these challenges, Masqati Dairy has identified several opportunities for
growth and expansion. One such opportunity lies in exploring export markets to increase
revenue and expand its global footprint. By leveraging its reputation for quality and
reliability, Masqati Dairy can capitalize on growing demand for dairy products in
international markets. Additionally, the company has the potential to contribute to
employment generation and economic development through the expansion of its
operations, creating job opportunities and fostering socioeconomic progress in its
operating regions. However, Masqati Dairy also faces threats that could impact its
competitive position in the market. Competition from larger firms and new entrants poses
a significant threat, potentially eroding market share and pricing power. To counter this
threat, Masqati Dairy must focus on continuous innovation, strategic differentiation, and
aggressive marketing efforts to maintain a competitive edge. Furthermore, the rapid pace
of technological advancements in the food and dairy industry presents a challenge for
Masqati Dairy. To stay ahead of the curve, the company must invest in research and
development, adopt innovative technologies, and embrace digitalization to enhance
operational efficiency and product quality. Failure to adapt to evolving technologies could
result in loss of market relevance and competitiveness for Masqati Dairy.
12%
8%
QUALITY
QUANTITY
80% PRICE
Figure 2 Showing That the Products are Accepted Based On Their Price Interpretation
The above data illustrates how many respondents agree with the fact that the
masqati dairy products are accepted based on their price. The above information says
that most of the respondents are buying the products based on product price 38.4% (20
respondents) agree with this fact some respondents are neutral about the price and very
few disagree with the statement. (Figure 2)
VIJAYA
MOTHER DAIRY
MASQATI
AMUL
0 5 10 15 20 25 30 35 40
Figure 3 Graph Showing Which Brand of Products Are Mostly Preferred Interpretation
The data given above tells us which brand is preferred by the respondents mostly
when compared to all other mentioned brands. By the above data, we can say that
masqati dairy products 61.7% of respondents more than Amul which comes second, and
after that all other brands. (Figure 3)
5%
8%
9%
ICE CREAM
10% MILK
CURD
68%
GHEE
OTHERS
30
25
20
15
10
0
FRIENDS AND SELF
NEWSPAPER ADVERTISEMENT
RELATIVES REALISATION
NO. OF RESPONDENTS 29 9 9 13
PERCENTAGE 48.30% 15% 15% 21.70%
Figure 5 Graph Showing the Factors Influencing Buying the Masqati Dairy Products
The data illustrates that they are buying masqati dairy products through different
modes but mostly they are buying the products through the reviews of friends and
relatives 48.30% are influenced by relatives and friends and others are influenced
through advertisement, newspapers, and self-realization. These all are the factors that
influence the customers to buy.
28
14
12
Acknowledgments
We would like to acknowledge the support of Dr. Savitri Devi, Principal, Avinash
College of Commerce for providing opportunity to undergo with the research and
constantly helpful during the research.
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