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PREFERENCE FOR TEA AMONG CONSUMERS AND RETAILERS FM - 216.

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Presentation on theme: "PREFERENCE FOR TEA AMONG CONSUMERS AND RETAILERS FM - 216."— Presentation transcript:

1 PREFERENCE FOR TEA AMONG CONSUMERS AND RETAILERS FM - 216

2 THE TOPIC PREFERENCE - USED IN SOCIAL SCIENCES - “CHOICE” BETWEEN ALTERNATIVES - RANK ORDERING OF ALTERNATIVES REASONS TO CHOOSE THE TOPIC - VAST TEA MARKET IN INDIA - LARGE NUMBER OF COMPETITORS

3 COMPANY PROFILE EVEREADY INDUSTRIES INDIA LIMITED ESTABLISHED IN 1905 SUPERIOR PRODUCT QUALITY AND WORLD – CLASS PERFORMANCE No. 1 BRAND OF BATTERIES AND TORCHES TAGLINE – ‘GIVE ME RED’ – PROMISES EMPOWERMENT TO YOUNG CONSUMERS PRODUCTS i) DRY CELL BATTERIES ii) FLASHLIGHTS iii) PACKET TEA iv) MOSQUITO REPELLENT

4 PRODUCT PROFILE A BEVERAGE PACKET TEA – ‘GREENDALE’ TWO KINDS – i) DUST ii) LEAF 4 VARIANTS – i) TEZ ii) PREMIUM GOLD iii) JAAGO iv) CLASSIC

5 OBJECTIVES TO DETERMINE THE PREFERRED BRAND OF TEA - CONSUMERS AND RETAILERS TO DETERMINE THE FACTORS THAT INFLUENCE THE PREFERENCES TO ANALYSE THE FACTORS AND FIND OUT THE MOST IMPORTANT FACTOR

6 METHODOLOGY DISCRIPTIVE STUDY SAMPLE SIZE – i) CONSUMERS – 100 ii) RETAILERS – 30 POPULATION i) CONSUMERS – INFINITE ii) RETAILERS – FINITE SAMPLING TECHNIQUE – i) CONVENIENT SAMPLING ii) RANDOM SAMPLING

7 DATA COLLECTION TOOL TOOLS – i) PRIMARY DATA ii) SECONDARY DATA PRIMARY DATA COLLECTION TOOL - QUESTIONNAIRE - FOR CONSUMERS AND RETAILERS - CONSUMER – 20 QUESTIONS - RETAILERS – 23 QUESTIONS SECONDARY DATA COLLECTION TOOLS - COMPANY REPORTS - INTERNET

8 LIMITATIONS TIME CONSTRAINT COST CONSTRAINT RELUCTANCE OF RESPONDENTS RETAILERS – TIME CONSUMING

9 ANALYSIS CONSUMERS AGEKIND OF TEA AGE (in years)No: of respondents 0-202 21-4039 41-6047 61-8012 Total100 Kind of teaNo: of respondents powder87 leaf13 Total100

10 CONTD…. TYPE OF TEABRAND PREFERRED Brand preferred to buy No: of respondents Kannan Devan50 AVT22 Brooke Bond24 Others4 Total100 Type of teaNo: of respondents packet99 loose1 Total100

11 CONTD…….. PLACEPRICE Place you buy tea from No: of respondents discount stores24 shopping malls50 neighbourhood retail stores25 Market1 Total100 Price No: of respondents Never21 Sometimes34 Always45 Total100

12 CONTD…….. QUALITYBRAND NAME Quality No: of respondents never3 sometimes5 always92 Total100 Brand Name No: of respondents never8 sometimes49 always43 Total100

13 CONTD…….. ADVERTISEMENTSOFFERS Advertisements No: of respondents never60 sometimes36 always4 Total100 Offers No: of respondents never61 sometimes30 always9 Total100

14 Type of shop No. of respondents retail16 wholesale3 retail and wholesale11 Total30 Type of tea you sell No. of respondents packet17 loose8 packet and loose5 Total30 CONTD….. RETAILERS TYPE OF SHOP TYPE OF TEA SOLD

15 CONTD….. BRAND PREFERRED INFLUENCING FACTORS Preferred brand No. of respondentsPercent Kannan Devan2583.33 avt413.33 Brooke bond13.33 Total30100 Factors influencing No. of respondentsPercent brand name26.67 quality620 demand for the product1550 profitability723.33 Total30100

16 FINDINGS CONSUMERS – KANNAN DEVAN FACTORS – i) PRICE ii) QUALITY iii) BRAND NAME iv) ADVERTISEMENTS v) OFFERS IMPORTANT FACTOR – QUALITY LEAST CONSIDERED FACTOR – OFFERS

17 CONTD…. RETAILERS – KANNAN DEVAN FACTORS – i) BRAND NAME ii) QUALITY iii) DEMAND FOR THE BRAND iv) PROFITABILITY IMPORTANT FACTOR – DEMAND FOR THE BRAND LEAST CONSIDERED FACTOR – BRAND NAME

18 SUGGESTIONS CONSUMERS QUALITY MORE IMPORTANT INFLUENCE OF ADVERTISEMENTS AND OFFERS – LOW POLY-POUCH – LOW PRICED EASY REACH PLACING THE PRODUCT – SHOPPING MALLS RETAILERS TRADE PROMOTION OFFERS – CASH DISCOUNTS

19 CONCLUSION THERE IS A VAST MARKET FOR TEA INDIA AND THERE ARE A LARGE NUMBER OF COMPANIES CATERING TO THIS MARKET. OVERALL KANNAN DEVAN TEA IS THE MARKET LEADER IN ERNAKULAM. OTHER ESTABLISHED COMPETITORS HAVE TO DO MUCH MORE IN TERMS OF MARKETING STRATEGIES AND QUALITY TO BRIDGE THE GAP BETWEEN THEM AND THE MARKET LEADER.


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