New Black Book Project
New Black Book Project
A PROJECT ON
SUBMITTED BY
SAYYED SAAD MAUZ AHMED
ROLL NO :42016
A PROJECT ON
UNIVERSITY OF MUMBAI
___________________________________________________________
The information submitted is true and original to the best of my
knowledge.
Certified by
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ACKNOWLEDGEMENT
To list who all have helped me is difficult because they are so numerous and the
depth is so enormous.
I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance
to do this project.
I would like to thank my Principal Dr. for providing the necessary facilities
required for completion of this project.
I take this opportunity to thank our Coordinator Prof. Dr.Priyanka, for her
moral support and guidance.
I would also like to express my sincere gratitude towards my project guide
Prof. whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference
books and magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly
helped me in the completion of the project especially my Parents and Peers who
supported me throughout my project.
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6
INDEX
1 CHAPTER 1. 7
INRODUCTION
2 CHAPTER 2. 23
RESEARCH METHODOLOGY
3 CHAPTER 3. 26
LITERATURE REVIEW
4 CHAPTER 4. 27
DATA ANALYSIS AND
INTERPRETATION OF DATA
5 39
CHAPTER 5.
CONCLUSION AND SUGGESSION
7
6 CHAPTER 6. 42
BIBLIOGRAPHY
CHAPTER 1
INTRODUCTION
1.1
What is advertisement?
Sales promotion
“An activity designed to boost the sales of a product or service. It may include
an advertising campaign, increased PR activity, a free-sample campaign, offering
free gifts or trading stamps, arranging demonstrations or exhibitions, setting up
competitions with attractive prizes, temporary price reductions, door-to-door
calling, telemarketing, personal letters on other methods”.
In marketing, sales promotion is one of the four aspects of promotion. (The
other three parts of the promotional mix are advertising, personal selling, and
publicity/public relations.) Sales promotions are non-personal promotional efforts
that are designed to have an immediate impact on sales.
Sales promotion involves short-term incentives to encourage buyers to
purchase a product. It's aim is to encourage immediate purchase of a product. If
used too often however, sales promotion can create a situation where consumers
will not buy unless there is a bonus offer. This will result in loss of profit for the
company.
More than any other element of the promotional mix, sales promotion is about
“action”. It is about stimulating customers to buy a product. It is not designed to
be informative – a role which advertising is much better suited to.
•The distribution channel (a “push strategy” encouraging the channels to stock the
product). This is usually known as “selling into the trade”
Amul has targeted the mass market of India with no premium offerings and works
on providing the best quality products at affordable prices.
So Amul formulates its pricing policy on the low-cost price strategy which has
attracted a lot of customers in the past and it continues to do so.
Annual Gathering: All the stockiest meet under one roof at least once a
year and then the stockiest whose performance was best in term of sales is
awarded.
Fun Trip: A zone wise fully paid fun trip is organized by the company for
all the stockiest once a year.
Gathering While Launch of New Products: All the stockiest and their
sales man gather when there is a launch of a new product. Company gives
free samples & gifts to stockiest and their sales man.
Special Trade Schemes: Special trade schemes like two SKU free with the
12 SKU.
Free danglers and posters for publicity.
Retailer Coupons: Amul gives some coupons like free lunch for family etc if
the retailer buys and sells a specific amount of products.
Higher Margins: Retailer has the highest margins and Amul foods also have
the same criteria, and retailer can further sell the Amul product to consumer at
discount keeping his margin safe.
Allowances for additional shelf space: Company as such does not pay
anything to retailer but gives some additional benefits for giving them shelf
space which is visible to customer when ever they enter the shop.
Merchandising Allowances: Allowances are given to Stockiest sales man for
merchandising Amul products. When ever the Stockiest sales man goes to
take orders then he also merchandises Amul products.
Bonus Packs: Time to time Amul gives bonus packs to retailers like buy 10
get 2 free with that.
Trade Allowance: Amul comes with different types of trade discounts from
time to time, like sometime price discounts, sometimes gifts etc.
Free goods: Amul gives free goods on the purchase of specific number of
goods.
Cash Rebate: Generally cash rebate is given by stockiest if retailer makes the
payment in cash at the time of purchase.
Product sampling: Amul organizes sampling activities for its products which
are new, these activities are generally at the place where footfall is very high.
Displays: Amul tries to give special displays to the retailers, so that they can
display their products on that.
Point-of-Purchase Material: POP material is available in the form of
stickers, banners, displays, posters, signs, streamers, etc. put up inside and
outside the stores & other possible purchase locations.
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Strategic Intent
Focus on growing our core brands across categories, reaching out to new
geographies, within and outside India, and improve operational efficiencies by
leveraging technology
Be the preferred company to meet the health and personal grooming needs of
our target consumers with safe, efficacious, natural solutions by synthesizing
our deep knowledge of ayurveda and herbs with modern science
1.2
HISTORY OF AMUL.
He left his government job and decided to join Tribhuvandas Patel and Morarji
Desai who were trying to unite the farmers and form a cooperative movement
against exploitation.
They hence started the Milk Cooperative movement “Kaira District Cooperative
Milk Producers Union Ltd”, which was later renamed “Amul”.
The company operates in the FMCG sector and has rich expertise in the dairy
segment of the industry.
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It has earned a lot of respect and recognition across the world by making its
presence in the global dairy trade.
Now that you know about Amul as a company, let us now understand Amul’s
business model popularly known as “The Amul Model”.
Amul acts as a direct link between milk producers and consumers that removes
the middlemen which help them offer products at affordable prices.
Farmers (milk producers) control procurement, processing, and marketing.
Run by Professional Management
With this model, Amul has made a significant impact in the market along with
taking care of the farmers and also providing value for money services to its
customers.
1.3
COMPANY PROFILE
Amul is an Indian state government cooperative under the ownership of Gujarat
Cooperative Milk Marketing Federation, Ministry of Cooperation, Government of
Gujarat based at Anand in Gujarat. Formed in 1946, it is a cooperative brand
managed by the Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF),
which today is jointly controlled by 36 lakh (3.6 million) milk producers in
Gujarat, and the apex body of 13 district milk unions, spread across 13,000
villages of Gujarat. Amul spurred India's White Revolution, which made the
country the world's largest producer of milk and milk products. Amul is an
Indian state government cooperative under the ownership of Gujarat Cooperative
Milk Marketing Federation, Ministry of Cooperation, Government of
Gujarat based at Anand in Gujarat Formed in 1946, it is a cooperative brand
managed by the Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF),
which today is jointly controlled by 36 lakh (3.6 million) milk producers in
Gujarat, and the apex body of 13 district milk unions, spread across 13,000
villages of Gujarat. Amul spurred India's White Revolution, which made the
country the world's largest producer of milk and milk products.
Products – Dairy
MISSION:
Amul Girl is the official mascot of the Amul brand. It is a hand-drawn cartoon of
a young Indian girl dressed in a polka-dotted frock with blue hair and a pony tied
up.
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The Amul Girl was created as a response to Amul’s rival brand Polson’s butter-
girl back in 1967. It has made a world record for the longest run ad campaign that
ever happened on planet earth!
In this increasingly digitized world, every brand needs to revamp its marketing
strategy. Amul too has cut down its expenditure on TV Ads and has started
focusing more on the online form of advertising just like its competitors.
But before that let’s have a look at its social media presence from the below table.
In the present day, The shift from offline to online marketing was fairly an easy
task for Amul. They were already creating content for banners and newspapers
previously and now they just follow the same style for their creatives on
Facebook & Instagram as well.
Their most popular creatives on Facebook and Instagram revolve around the
Amul Butter Girl the buzz-worthy happenings all around the world.
Let’s now take a look at some of Amul’s digital marketing campaigns which were
a hit on Facebook as well as Instagram.
The objective of this campaign was to educate Indian buyers about the goodness
of milk and its byproducts.
In older times milk was considered the world’s favourite energy drink but in the
present era of junk food, the importance of milk has been undermined.
So, in this campaign, Amul focused on repositioning Milk and its entire range of
dairy products to seem trendy and tempting to all.
Moreover, Amul created graphics to enlighten its consumers about the various
scenarios in which they could consume Amul products (along with the numerous
benefits of those products).
On 26th November 2019, Amul celebrated National Milk Day by launching a new
campaign by using hashtags like,
The objective of this campaign was to connect with the youth and inspire them to
be purpose-driven and motivated in their lives.
During the campaign, Amul organized a bike rally in which 50 bikers travelled
from Varanasi to Anand (2500 Kms) to meet dairy farmers, dairy professionals
and to learn about Dr Kurien and his works..
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2. Amul on Twitter
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On Twitter, Amul has a massive fan base of over 335K followers given that
Twitter is a very different platform when compared to other social media
platforms.
On various occasions, Amul posts fun graphics featuring the Amul Butter Girl.
Many people connect with those graphics and retweet them to show how they feel
about the latest happenings in the world.
Twitter is a great platform for a brand to engage with its customers. Taking
advantage of this, Amul tries to conduct interactive activities like contests and
giveaways.
Consumer behaviour.
PRODUCT Amul has a very strong product portfolio amul product portfolio is
comprised mainly of dairy products. Amul milk chocolate Amul chocozoo Amul
milk power Amul biscut Amul ice cream Amul milk Amul curd
PRICING Amul has a strategy of low cost pricing some may call it penetrative
pricing. So every customer has different price expectation from the product
penetration pricing, value pricing.
PLACE In the distribution channel, there are carring and forwarding agents,
distributors, dealers and retailer involved GCMMF is india’s largest exporter of
dairy products.
PROMOTION Fresh and innovative The clean, emotion -based ads Its turnover
on promotions.
CONSUMER SATISFACTION:-
All business firms have realized that marketing is a core element of management
philosophy & the key to its success lies in focusing more & more on the
customers. That is, it will be the customer who will decide where the firm is
heading. Thus the challenge before the marketer is to ensure that they should
satisfy every customer.
The result of satisfaction to customer form the purchase of the product or services
is that more favorable post-purchase attitude, higher purchase intention & brand
loyalty to be exhibited that the same behavior is likely to be exhibited in a similar
purchasing situation. The term ‘consumer’ is a typically used to refer to someone
who regularly purchase from a particular store or company.
Customers are people who are happy with the product & services & are willing to
come back & pay for it again.
Today the firms aim to give satisfaction to the customer through marketing
concepts. The firm try to help the buyers in the solving the problem then
competitors. The marketers must see that consumers with purchasing power
constitute a potentials buyers are identified. It is essential for the marketer to carry
out the business in such a way that they give satisfaction to consumers needed.
When a firm markets a product or service it should aim to enjoy consumer’s
satisfaction & profit maximization.
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CHAPTER 2
RESEARCH METHODOLOGY
2.1
OBJECTIVE OF STUDY
To know the preference of Amul Milk with comparison to other
competitive brands.
To know the factors such as Quality, Taste, and Availability/Delivery,
Price that affects consumer’s behavior to purchase Amul milk.
To ascertain the factors influencing the purchase of Amul products.
To find out the socio-economic status of the consumers who is utilizing
Amul products.
2.2
SCOPE OF STUDY
Amul product is one of the important products which is used all over the
world.
Consumer buying behaviour is an important element in the marketing
activity.
This study is used to calculate various opinions of the consumers who is
using Amul products. This shows the purchasing level of the product.
The company can come to know about the strength and weakness of the
product.
This will help to know the needs and wants of every individual in the day
to day life.
2.3
LIMITATION OF STUDY
The survey was conducted in short period of time.
Lack of professional approach.
The study was conducted in the small area.
The chance of biased response cannot be eliminated through all necessary
steps were taken to avoid the same.
2.4
SIGNIFICANCE OF STUDY
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For any business venture, human resource go hand in hand. Opportunities come
and go but business comes from the ones, which are handled properly in terms of
leads. Leads for any new opportunity are very important for it to turn out a
profitable venture.
2.5
Research Methodology
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Data source:-
Data used in this research is
CHAPTER 3
34
LITERATURE REVIEW
Competitors of Amul
#1 Mother’s Dairy
Mother Dairy Fruit & Vegetable Pvt Ltd is an Indian food
processing company that manufactures, markets, and sells milk,
milk products, and other edible products. Its milk products include
cultured products, ice cream, paneer, and ghee under the Mother
Dairy brand.
The company also sells edible oils, fresh fruits and vegetables,
frozen vegetables, and processed food like fruit juices, jams,
pickles, etc. Mother Dairy was founded in 1974 as a wholly-owned
subsidiary of the National Dairy Development Board ().
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#2 Kwality Wall’s
Kwality Ltd. is a processor and handler of dairy products in India
listed on the Bombay Stock exchange as a Public Limited
Company. The company produces various dairy products, including
milk, ghee, butter, milk powder, curd, yogurt, cheese, etc. The
company has established a procurement network that comprises
350,000 farmer families across 4,700 villages in North India.
Kwality Ltd. has six plants in Haryana, Uttar Pradesh, and
Rajasthan with a processing capacity of 3.4 million liters
(750,000 imp gal; 900,000 U.S. gal) milk per day.
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#3 Mars
Mars, Incorporated is an American multinational manufacturer of
confectionery, pet food, and other food products and a provider of
animal care services, with US$33 billion in annual sales in 2015. It
was ranked as the 6th largest privately held company in the United
States by Forbes. Headquartered in McLean, Virginia, United
States, the company is entirely owned by the Mars family.
Mars operates in five business segments around the world: Mars
Wrigley Confectionery (headquartered in Chicago, Illinois, with US
headquarters in Hackettstown and Newark, New
Jersey), Petcare, Zaventem, Belgium; Poncitlán and Jalisco,
Mexico; Querétaro, Mexico, Food (Rancho Dominguez,
California), Drinks (West Chester, Pennsylvania), and
Symbioscience (Germantown, Maryland), the company’s life
sciences division.
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#4 Hershey
The Hershey Company, commonly known as Hershey’s, is an
American multinational company and one of the largest chocolate
manufacturers in the world. It also manufactures baked products,
such as cookies and cakes, and sells beverages like milkshakes and
many more produced globally. Its headquarters are in Hershey,
Pennsylvania, home to Hersheypark and Hershey’s Chocolate
World. Milton S. Hershey founded it in 1894 as the Hershey
Chocolate Company, a subsidiary of his Lancaster Caramel
Company. The Hershey Trust Company owns a minority stake but
retains a majority of the voting power within the company.
Hershey’s chocolate is available across the United States and in
over 60 countries worldwide. They have three large distribution
centers with modern technology and labor management systems. In
addition, Hershey is a member of the World Cocoa Foundation. It is
also associated with the Hersheypark Stadium and the Giant Center.
#5 Britannia Industries
Britannia Industries Limited is an Indian multinational food and
beverage company Founded in 1892 and headquartered in Kolkata,
India. It is one of India’s oldest existing companies. It is now part
of the Wadia Group headed by Nusli Wadia. It is best known for its
biscuit products. The company sells its Britannia and Tiger brands
of biscuits, bread, and dairy products throughout India and in more
than 60 countries worldwide. Beginning with the circumstances of
its takeover by the Wadia group in the early 1990s, the company
has been mired in several controversies connected to its
management. However, it does enjoy a large market share and is
exceedingly profitable.
#6 Heritage Foods
Heritage Foods Limited (commonly known as Heritage Foods) is
one of the largest private-sector dairy enterprises in Southern India.
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#7 Hatsun Agro
Hatsun Agro Product Ltd (HAP), often referred to as Hatsun, is a
leading private sector dairy company in India based in Chennai. R.
G. Chandramogan founded it in 1970. It had become a billion-
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#8 Dodla Diary
Dodla Dairy Limited is a public limited company having its
registered and corporate office at the Hyderabad City of Telangana
State in India. The company was incorporated in the year 1995, and
production commenced in 1997. Currently, Our procurement is
centered in 5 states, and our products are available for purchase in
11 states. We have 94 milk chilling centers. Some of our plants are
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#9 Aavin
Aavin is the trademark of Tamil Nadu Co-operative Milk
Producers’ Federation Limited, a Tamil Nadu-based milk
producer’s union. Aavin procures milk, processes it, and sells milk
and milk products to consumers.
The company produces a wide range of products, including milk,
butter, yogurt, ice cream, ghee, milkshake, tea, coffee, and
chocolate, among other goods.
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#10 Dynamix Dairy
Dynamix Dairies Ltd offers the best quality products to end
consumers and implementing the latest technologies to process
quality milk for various brands in India, located in Baramati near
Pune.
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CHAPTER 5
Age
GENDER
1 MALE 43.5%
2 FEMALE 56.5%
Ques 1 (Awareness)
SOURCE-PRIMARY DATA
SR NO OPTIONS PERCENTAGE
1 Health 68.6%
2 Brand loyalty 21.6%
3 Taste 6.0%
4 Price 4.0%
3.Where would you rate AMUL in the scale of 1 to 5 (5 being the highest)
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SR NO OPTIONS PERCENTAGE
1 1-lowest 2.0%
2 2-low 8.8%
3 3-neutral 21.6%
4 4-high 25.5%
5 5-highest 39.2%
SOURCE-PRIMARY DATA
INTERPRETATION- Out of the 102 respondents who use AMUL,
8.8% are rating AMUL brand is rate 2 star , 21.6% are rating 3star, 25.5% are
rating 4star, and remaining is 39.2% are rating is high 5star.
SR NO OPTIONS PERCENTAGE
1 Print 7.0%
2 Internet 24.5%
3 TV 58.8%
4 Word of mouth 9.8%
SOURCE-PRIMARY DATA
INTERPRETATION- Out of the 102 respondents who use AMUL, 58.8%
customers hear about this brand TV,24.5% are hear about brand on Internet and
9.8% are hear about this brand on word of mouth publicity.
(Frequently purchasing)
Cumulative
Frequency Percent Valid Percent Percent
SR NO OPTIONS PERCENTAGE
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SOURCE-PRIMARY DATA
INTERPRETATION- Out of the 102 respondents who use AMUL, 50% are
choose for Family Size , 16.7% are choose for Storage size , 30.4% are choose for
Availability.
SR NO OPTIONS PERCENTAGE
1 Once a month 53.9%
2 Once in two months 29.4%
3 Once in six months 16.7%
INTERPRETATION- Out of the 102 respondents who use AMUL,53.9% are buy
Once in Month , 29.4% are buy Once in two Month, 16.7% are buy Once in six
Month.
SR NO OPTIONS PRECENTAGE
1 Yes 62.7%
2 No 16.7%
3 Maybe 20.6%
INTERPRETATION- Out of the 102 respondents who use AMUL, 62.7% are
peoples says yes they satisfied with the product , 20.6% are peoples says both
they satisfied or unsatisfied with the product and remaining is 16.7 are says no
they unsatisfied with the product.
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9.According to you what is the main reason of consuming AMUL over any other
brand?
SR NO OPTIONS PERCENTAGE
1 Quality 28.3%
2 Purity 34.8%
3 Easy availability 26.1%
4 Brand name 10.9%
SR NO OPTIONS PRECENTAGE
1 Yes 62.7%
2 No 16.7%
3 Maybe 20.6%
INTERPRETATION- Out of the 102 respondents who use AMUL, 62.7% are
peoples says yes they relate with the advertisement of AMUL product , 20.6% are
peoples says both they sometimes relate and some times do not relate to the
advertisement of AMUL and remaining is 16.7 are says no they do not relate to
the advertisement of AMUL.
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7%
93%
NO yes
From the above diagram 93% of buyers are loyal towards the Amul brand
and 7% of buyers does not loyal towards it
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Data
below 150 150-200 above 250
above 250
15%
150-200
25%
below 150
60%
From the above diagram around 60% of of bhaiya spend 150 and below
rupees on buying amul product. Around 25% of buyers spend 150 to 200
rupees on Amul product. And 50% of buyers spend 250 rupees or above on
Amul product
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CHAPTER 6
CONSULATION:-
From the survey conducted it is observed that Amul milk has a good market
share.
From the study conducted the following conclusions can be drawn. In order the
dreams comes into reality and for turning liabilities into assets one must have to
meet the needs of the customers.
The factors considered by the customer before purchasing milk are freshness,
taste, thickness and availability.
Finally I conclude that, majority of the customers are satisfied with the Amul milk
and Milk products because of its good quality, reputation, easy availabilities.
Some customers are not satisfied with the Amul Milk because of high price, lack
of dealer services, spoilage and low shelf life etc. therefore, if slight modification
in the marketing programme such as dealers and outlets, promotion programmers,
product lines etc., definitely company can be as a monopoly and strong market
leader.
Amul has also to take care of its competitors into consideration and more
importantly its customers before making any move it can be concluded that the
consumer behavior survey results are some where important to the company for
their professional as well as personal growth and development.
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After understanding about what the consumers actually think about their work and
the company, the management can take necessary measures to have a satisfactory
and motivated workforce.
The overall experience of the respondents towards Amul milk was found to be
satisfactory because of its good quality, reputation, easy availabilities. However,
some consumers are not satisfied with high price etc. therefore if slight
modification are done then definitely company can be as a monopoly and strong
market leader. Amul has also to take care of its competitors into consideration and
more importantly its customers before making any move.
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SUGGESSION: -
Milk purchasing decisions are more decided by women rather than male, because
she act as a invigilator, execute her decision and influence the same to the
purchase while ascertaining the quality, freshness and price.
Income of the people decides the purchasing power. The high income prefers to
purchase product with the quality, freshness, thickness, etc. and vice versa. So I
suggest Amul to concentrate also on low income segment to capture market and
position themselves in the minds of the customer with required quality and
quality milk.
Since Amul is having loyal customers and therefore should concentrate more on
this factor through various potential programmes such as campaign, premium
packs, offers etc., this helps to increase the loyalty towards the Amul products.
Customer is influential, hence I suggest Amul to look after the dealers issue with
due care.
When product possesses quality and other important attributes naturally they
propaganda about product through word of mouth and vice versa. Therefore if
the quality and attributes are fine tuned according to the needs will help the
Amul to get reputation and addition market.
Introduction of various economic products lies may help Amul to attract the
existing and new customers and may attract all income level groups. Hence I
suggest management to introduce new product line which can satisfy the entire
group.
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CHAPTER 6
BIBLIOGRAPHY-