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TRANSCRIPT
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MARKET POTENTIAL OF PREMIUM WHISKY OF
UNITED SPIRITS LIMITED IN LUCKNOW
SUBMITTED TO:- SUBMITTED BY:-
MR. SANAY MANCHANDA VISHAL KUMAR GAURAV
(AREA SALES MANAGER) RS1002A09
MBA
(SUMMER INTERNSHIP REPORT IN PARTIAL FULFILMENTOF THE AWARD OF
FULL TIME MBA 2010-2012)
LOVELY PROFESSIONAL UNIVERSITY
JALANDHAR, PUNJAB
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TABLE OF CONTENTS
1. EXECUTIVE SUMMARY2. INDUSTRY INFORMATION3. SCOPE AND OBJECTIVE OF THE REPORT4. INTRODUCTION5. USL AT A GLANCE6. MISSION7. UB GROUP STRATEGY8. BRAND PORTFOLIO9. PROMOTION TECHNIQUES10.MARKET ANALYSIS11.FINDINGS AND CONCLUSION12.RECOMMENDATION13.BIBLOGRAPHY
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EXECUTIVE SUMMARY
Market potential of premium whisky of USL Brands in lucknow
The goal of this report is to analyze different factors which directly or indirectly affect the consumer
behavior during buying of liquor and to analyze different promotional tools adopted by UB group and
different breweries companies that are prevailing in India also to understand the level of competition
that is prevailing in India among the different brewery industries. It Is not so difficult to be the no. 1
company. but it is so difficult to retain that position. Since UB group is no. 1 in liquor market. No
doubt it has done such a wonderful job. Whether it is the matter of innovation or brand or customers
satisfaction, it has consistently find out news ways and means to be the global leader.
The project starts with an overview of UB group and its products in which it is dealing. There is only
five whisky which comes in premium whisky. Ie. Antiquity blue, antiquity Rare, Signature, Royal
challenge, Blenders pride. Out of these brands only blenders pride is the competitor. The strategy of
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the company is always to offer a wide range of product against competitive brand. Earlier when
Blenders pride was similar in the form of price of signature, The company had 2 brands Signature &
Royal challenge. Now price of the Blenders pride has been increased, and the company has again 2
brands Antiquity blue & Rare. The Blenders pride is still preferable by the consumers. If we see the
data USL brands has covered more than 80 % of market share in the premium whisky segment. But it
is the group performance by 4 brands. And blenders pride has alone 20 % of market share. Unlike
FMCG companies, here is also cut throat competition. But the company managed it very well. The
promotion strategies used by the company is customer oriented. They use to give daily use product in
the form of promotion. It is not an easy task to switch a customer, usually they do not prefer to
change their taste & preferences. But due to promotion at least they come to know about the product.
A flaw of any department can cause a lot of problem and hence we have to be very cautious about the
same. Usually it is said that it is better to retain an old customer, rather than making 10 new customer.
During the project, there was exposure to theoretical as well as practical learning.
At last some suggestions were given to the company that would increase the market share by
understanding consumers behavior and to adopt different sales promotion tools. Promotion helps
companies to establish their brand in the mind of consumers. As there is so many customer who can
switch to another brand if the company gives promotion or gifts to them .The conclusion has drawn
with the help of questionnaire as well as observations.
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CHAPTER I
INTRODUCTION
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INDUSTRY INFORMATION
Products of the alcoholic beverages industry fall into the categories of beer, INDIAN MADE
FOREIGN LIQUOR (IMFL), COUNTRY LIQUOR, WINE AND BOTTLED IN ORGIN (BIO)
BOTTLED IN INDIA (BII) spirits. Of these industry segments United breweries currently operates
only in the IMFL space. The Indian IMFL industry is estimated to be in the region of 121 million
cases of 9 bulk liters (BL) each. The segment has an historical CAGR of more than 10%.
Contrary to international trends, brown spirits accounts for 95% of the Indian industry. Whisky
dominates the industry at 54%, followed by the rum at 25% and brandy at 16 %. White spirits
comprising gin, white rum and vodka account for the residual 5% of the industry.
The country liquor segment of the alcoholic beverages industry is unorganized and therefore accurate
statistic of its size is not available. In our estimate the country liquor market would in the region of
200225 million cases of 9 BL each.
The market size in India is expected to expand in the next five years as consuming population is
expected to increase by 100 million. This is due to rapid development of growth factors like changes
in lifestyle, higher disposable income, and shift in expenditure pattern in favor of personal
consumption items such as food, drinks and entertainment to the global trends.
SCOPE AND OBJECTIVE OF PRESENT STUDY
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The main objective of the project is to tell where we are and where we have to go. If the objective is
clearly stated and understood, then half of the problem is solved.
Keeping the same view in mind the main objective of the report is as follows:
To understand the market size. To know the market leader To know the perception of consumer towards premium whisky?
To know the promotional techniques applied by other companies?
How the consumers come to know about the brands of liquor? To know the other techniques applied to push its sales? How much sales promotion techniques adopted by companies are effective in the market?
INTRODUCTION
The use of alcohol as a drink is an old aged story in India as it appears that the techniques for
fermentation and distillation were available in Vedic times. It was then called SOMA RASA and
was used not only for invigorating effect but also in worship. Today not only has the consumption of
alcohol been continued but also it is an integral part of the ayurvedic system of medicine.
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The distillery industry today consists broadly of two parts, one potable liquor and industrial liquor.
The potable distillery producing Indian made foreign liquor and country liquor has a steady but
limited demand with a growth rate of about 8% per annum. The industrial alcohol distilleries are
showing a declining trend because of high prices of Molasses which is used as substrate for
production alcohol. The alcohol produced is being used in the ratio of approximately 52% for potable
and the balance 48% for the industrial use. Over the year the potable liquor industry has shown
remarkable results in the production of quality spirits.
Sales promotion is key ingredients in market campaigns. It consists of diverse collection of incentive
tools, mostly short term design to stimulate quicker and greater purchase of particular products or
services by consumers or the trade.
There advertising offers a reason to buy; sales promotion offers an incentive to buy.
CHAPTER II
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ORGANIZATIONAL PROFILE OF THE COMPANY
USL AT A GLANCE
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In the late Nineteenth Century, Angus McDowell set
out from the scenic Northern lands of Gaelic
Britannica. The purpose was to make available the
products of the industrial revolution to thousands of
expatriate Britons serving the Empire in various
parts of the globe. It was this spirit of adventure that
launched McDowell & Company in India.
It had its origins in a warehouse near Fort St.George in Madras (now Chennai), which in
those days was a major trading centre of the British empire.
In 1951, McDowell became the prime acquisition of the United Breweries Group. Under the able
guidance of the founder of the UB Group, Late Mr. Vittal Mallya the company became the first to
manufacture Indian substitutes to foreign liquor.
A new term - IMFL (Indian Made Foreign Liquor) was coined.
Since then, McDowell has been the indisputable market leader as
one of the largest fast moving consumer goods companies in the
country.
The Name
MR. VITTHAL MALLYA
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The name McDowell originally came from the Gaelic word Macdougall. Dubh gall means dark
stranger, possibly to distinguish the dark haired Danes from the fair-haired Norwegians. Angus
McDowell, after whose name McDowell & Company Limited came into being, was a squire of the
Dougall ancestry.
He started a firm - McDowell, in the northern islands of Gaelic Britannica, which was marketing the
finer products of the Industrial Revolution to the Britons staying in various corners of the empire.
In India, McDowell had its warehouses situated about a mile to the north of Fort St.George in
Madras.
From being one of the first names to be associated with the import of wines and spirits into India as
early as in 1898, McDowell has now grown to become the countrys undisputed leader in the spirits
market.
USL CORPORATE BACKGROUND
United Spirits Limited (USL)the INR 4000 crore (USD 1 billion) spirits arm of the UB
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Groupis Indias largest and worlds third largest spirits company. USL was earlier
McDowell and Company Limited. Besides Whyte and Mackay and Bouvet Ladubay being 100 %
subsidiaries of USL, the company has a portfolio of more than 104 brands, of which 16 are
millionaire brands* (selling more than a million cases a year) and enjoys a strong 59% market share
for its first line brands in India.
United Spirits brands have won the most prestigious of awards across flavors, ranging from The
Mondial to International Wine and Spirit Competition (IWSC) to International Taste and Quality
Institute (ITQI); a total of 84 awards and certificates (as of December 2007).
The Company is known to be an innovator in the industry and has several firsts to its credit such as
the first premixed gin, the first Tetra pack in the spirits industry in India, first single malt
manufactured in Asia and the first diet versions of luxury whisky and vodka in India. USL has a
global footprint with exports to over 18 countries. It has manufacturing and Bottling units in 67
locations across the country and in Nepal and supported by a robust Distribution network to deliver
its products to customers located anywhere in India. USL has a committed 6000 strong workforce
spread across its offices and distilleries in the country.
USL represents the merged entities of erstwhile McDowell & Co. Limited, Phipson Distillery
Limited, United Spirits Limited, Herbertsons Limited.
MISSION STATEMENT
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To be the most admired global leader in the spirits industry by creating
unique high quality brands for consumers, driven by highly motivated
employees and supported by best-in-class processes and continued
innovations. United Spirits is and will continue to be responsible towards its
stakeholders and the society.
STRATEGIC OBJECTIVES AND CHALLENGES OF UB GROUP
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OPERATIONAL AND DISTRIBUTION STRATEGY
Innovation intothe Premium
Segment
Premiumpositioningthrough
Acquisition
International
Expansion corepart of growth
Strategy
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BRAND STRATEGY
unrivalled distribution
network in the Indianmarket
Mutual distributionagreements
comprehensive portfolio
of production sites
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USL SALES SHARE (2007- 2008)
Increasedmarketing
Focus
Spirits portfolioof mainly local
brands
Moving from thelower end of the
market to awider positioning
rangeIntensified
productdevelopment
activities
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For The year 2007-2008
USL MARKET SHARE (2007- 2008)
For The year 2007-2008
USL SALES SHARE (2008-2009)
Sales
USL
INDUSTRY
Overall Volume in Mio
cases
71.9
190.4
MARKET SHARE
USL
OTHERS
38%
62
%
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FOR THE YEAR 2008-2009
USL MARKET SHARE (2008-2009)
FOR THE YEAR 2008-2009
Sales
INDUSTRY
USL
Sales
USL
OTHERS
39.70%
60.30
%
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BRAND PORTFOLIO
A luxurious whisky, made from thefinest grain, choicest malts, distilled in copper
pot stills, matured and mellowed in imported
white oak casks & blended with super Premium
imported Scotch.
Rs.730
The Antiquity rare premium whisky hasbeen developed after decades of untiring efforts by
our team of distillers and blenders, using choicest
malts, distilled in traditional copper pot stills.
Rs.670
It is blended for an extended
period of time to ensure that the essence of
various scotches, each adding its distinct flavor
is present in every sip. The blend contains
highest quantity of scotch per drop among the
premium Indian whisky. Rs. 560
A blend of rare scotch and selected
grain matured in imported white oak casks, the
new RC promises a smoother and richer palate
experience. The carefully matured blend is an
inviting, rich antiquity gold in color, complimented
with aroma of sweet and delicate malt. Rs. 555
Antiquity Blue Antiquity rare
SignatureRoyal Challenge
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DESCRIPTION OF MAJOR PRODUCTS OF UB GROUP
In the premium segment there is only 5 whisky. Ie. Antiquity blue, antiquity rare, signature,
Royal challenge & Blenders pride.
Out of these only blenders pride is the competitor.
Brand Highlights
Finest & most expensive Indian whisky with the market share of 23% in premium whisky.
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Won several blend awards including Gold at World Beverage Competition, USA (2007), incategory for Scotches (Single Malt/Blended/Specialist)
Several International awards for superior packaging including Worldstar 2006 & bronze atWorld Beverage Competition, USA (2007)
Ultra-premium variant of Antiquity Rare, has established itself as the new benchmark in thesuper premium whisky segment growing at over 61%
Blend
Made from choicest malts, mellowed in imported white-oak casks and distilled in traditionalcopper stills
Has a rare touch of HEATHER & PEAT, and is smooth with a velvety feel on the tongueUSP: Finest Indian whisky with world-class credentialsSpecially imported blue bottle in line with
brand s super-premium image.
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.
Brand Highlights
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The only whisky in its class Won the ITQI Taste award at Brussels in 2006 Won the Gold Medal at Monde Selection, Brussels in 2006
Blend
Double distilled in special copper pot-stills, matured in imported white-oak casks Blended with choicest, imported vatted malt spirit from Scotland, in proportions which is a
well guarded proprietary secret
USP:
Blend of International standards
Brand Highlights
Synonymous with the finest Indian Whisky
Largest selling Premium whisky of India
24-year Heritage brand with sales of over 1.2 million cases per
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annum
Has a Market share of 13%
Won awards at ITQI, Brussels and World Beverage Competition, USA.
Blend
Full-bodied blend of imported scotch & select Indian malts Carefully matured in imported white oak casks to attain the unique blend which makes Royal
Challenge a connoisseurs delight
USP:Finest Indian Whisky Widely accepted for over 2 decades
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The full-bodied Signature blend with a well-
rounded bouquet of peated malts and a
generous infusion of Scotch, adds to its
superior value delivery. Exquisite whiskies
from Scotland are combined perfectly with
the finest aged Indian malts and blended for
an extended period of time to ensure the
essence of various scotches, each adding its
distinct flavor, is present in every sip. The
highest quantity of scotch per drop among all
the premium Indian whisky brands results in
an unforgettable scotch-like experience
Brand Sales have been growing year on year
and today it commands a healthy national
market share of 25% and is steadily growing
at 30%.
Blends
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Exquisite whiskies from Scotland have been combined perfectly with the finest aged Indianmalts
These are blended for an extended periodof time to ensure that the essence of variousscotches, each adding its distinct flavor, is present in every sip
Highest quantity of scotch per dropamong all the premium Indian whisky brands resulting inan unforgettable scotch-like experience
USP:
World-class blend, Attractive & Unique packaging, Sharply positioned on Success is Goodfun
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SALES PROMOTION ON PREMIUM WHISKY
Sales promotion describes promotional methods using special short-term techniques to persuade
members of a target market to respond or undertake certain activity. As a reward, marketers offer
something of value to those responding generally in the form of lower cost of ownership for a
purchased product (e.g., lower purchase price, money back) or the inclusion of additional value-added
material (e.g., something more for the same price).
Objectives of Sales Promotion
Sales promotion is a tool used to achieve most of the five major promotional objectives discussed in
the Promotion Decisions tutorial:
Building Product Awareness Several sales promotion techniques are highly effective inexposing customers to products for the first time and can serve as key promotional
components in the early stages of new product introduction. Additionally, as part of the effort
to build product awareness, several sales promotion techniques possess the added advantage
of capturing customer information at the time of exposure to the promotion. In this way sales
promotion can act as an effective customer information gathering tool (i.e., sales lead
generation), which can then be used as part of follow-up marketing efforts.
http://www.knowthis.com/principles-of-marketing-tutorials/promotion-decisions/http://www.knowthis.com/principles-of-marketing-tutorials/promotion-decisions/ -
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Creating Interest Marketers find that sales promotions are very effective in creatinginterest in a product. In fact, creating interest is often considered the most important use of
sales promotion. In the retail industry an appealing sales promotions can significantly increase
customer traffic to retail outlets. Internet marketers can use similar approaches to bolster the
number of website visitors. Another important way to create interest is to move customers to
experience a product. Several sales promotion techniques offer the opportunity for customers
to try products for free or at low cost.
Providing Information Generally sales promotion techniques are designed to movecustomers to some action and are rarely simply informational in nature. However, some sales
promotions do offer customers access to product information. For instance, a promotion may
allow customers to try a fee-based online service for free for several days. This free access
may include receiving product information via email.
Stimulating DemandNext to building initial product awareness, the most important use ofsales promotion is to build demand by convincing customers to make a purchase. Special
promotions, especially those that lower the cost of ownership to the customer (e.g., price
reduction); can be employed to stimulate sales.
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Reinforcing the BrandOnce customers have made a purchase sales promotion can be usedto both encourage additional purchasing and also as a reward for purchase loyalty (see loyalty
programs below). Many companies, including airlines and retail stores, reward good or
preferred customers with special promotions, such as email special deals and surprise
price reductions at the cash register.
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PROMOTION TECHNIQUES ADOPTED BY BREWERIES COMPANIES
DISPLAY OF PRODUCT AT OUTLETS
1) The benefit of display of product is that it makes the product eye catching as the display isdone in the front portion of the outlets.
3 unit display generates a sales volume of5 units!
5 unit display generates a sales volume of10 units!
Product should always be displayed at Eyelevel
GLODEN LINE
While arranging shop display, the base line is just below average customer height, therefore 20
degree below the eye level is the most convenient point
To LOOK at, To TOUCH, To SEE, To FEEL, To OPERATE!
This point is the GOLDEN LINE
2) PROMOTION PARTIES
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a) People come in the party in mass to enjoy the party and aware about the companiesproduct
b) Arranging DANCE COMPETITION and distributing gifts to the winnersc) Arranging the ARTIFICIAL rain dance partiesd) Arranging ALBUM release parties
In all these parties only the target product is available at special prices so each and every guest enjoy
and have taste of it.
3) PROMOTION AT CLUBS AND BARS
Companies always try to attract regular customers in bars and club members by giving some
attractive offers on the drinks example one peg free on every two pegs of a drink or they offer some
free snacks with every three pegs of drink a customer take.
4) GIVING INCENTIVES TO THE RETAILERS AND CUSTOMERS
There is always a big hand in increasing the sale of a product by the salesman therefore different
companies always try to keep every retailer in their favor by offering them various incentives
regularly. And on other hand company also try to attract various customers through various schemes.
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CHAPTER III
PRESENTATION OF DATA AND ANALYSIS
METHODOLOGY
The problem should be defined in a systematic manner, giving due weightage to all related Points.
The technique for the purpose involves the undertaking of the steps generally one after the other:-
Statement of the problem. Understanding the nature of the problem. Surveying the available literature. Developing the ideas through discussions. Sample Size
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Collection of Data. Analysis of Data.
The Statement of the problem
The Statement of the problem is market share, market penetration, brand image and segment wise
placement of U.B GROUP in Lucknow City.
Understanding the nature of the problem.
While analyzing the situation in the market I came across certain points that helped me during the
survey.
Quality
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Low Awareness Not a proper distribution
Developing the ideas through literature.
Discussion with Company Guide Discussion in Market with salesmens and customers Discussion with dealers & distributors Faculty Guide and friends
Collection of Data.
The sources of information for my report were both primary and secondary data.
PRIMARY DATA:
Questionnaire method was chosen for fulfillment of basic objective. The primary sources
were dealers and customers in Lucknow city.
SECONDARY DATA:
Internet Magazine and Newspapers. Dealer price with other companies
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Analysis of Data.
This involved converting raw data into useful information. It involved tabulation of data and Using
statistical measures on them for developing frequency distributions and calculating the Averages and
dispersions.
CHAPTER IV
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Findings Conclusions Recommendations
MARKET ANALYSIS
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1) UB Group grabbed around 60% of market share among all Spirit Companies.2) 100% availability of our products in all variety.3) Strong Brand Base of 30 products.4) Seagrams has only around 13% market share.
Sales
UB
SEAGRAMS
RADICO
OTHERS
60%
14%
13%
13%
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1) According to my survey Whisky is more saleable than other products.2) The demand of Vodka and Scotch is also increasing at rapid rate.
AGE GROUP OF CONSUMER CONSUMING LIQUOR
AGE %age
18-25 37.68
25-40 32.98
40-60 22.6
60-above 6.74
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Implementation: It has been seen that maximum people consuming alcohol are in the age group of
18 yrs to 45 yrs. Because they are young
CRITERIA OF PREFERENCE OF THE BRANDS
Criteria %age
Taste and Quality 48.98
Price 16.31
Brand 24.43
Others 10.28
%
0
10
20
30
40
18-3030-45
45-6060 and
above
Age group
18-30
30-45
45-60
60 and above
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It is observed that the customers are not so much price sensitive. Taste matters for them.
FREQUENCY OF CONSUMPTION OF CONSUMERS
Frequency %age
Daily 54.27
Weekly 29.67
Monthly 12.66
occasionally 3.4
%
0
20
40
60
criteria for preference
price
taste
brand
promotional offers
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Most of the customers use to drink everyday
Preference for premium whisky
Brand %
Antiquity blue 22.32
Antiquity rare 6.54
Signature 16.47
Royal challenge 12.56
Blenders Pride 42.11
54%30%
13%
3%
frequency
Daily weekly monthly ocassionally
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Blenders pride is the market leader Rest others has captured more than 55 % of market share
Customers preference to drink (place)
Preference for drink %
Home 8.28
Model shop 24.46
Bar 62.57
Others 4.69
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Most of the customers prefers bar for drink Few customers also prefers model shops
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CONCLUSION
To be number 1 is not a difficult task the most difficult one is to sustain at that position in long run
and UB Group is proved itself in the field of Whisky also. Its Whisky products like Royal Challenge,
McDowell and Signature is already a success story. But UB Group is just not alone in the field there
are also players like Seagrams, Radico which has a very large market coverage in the field of
Whisky.. UB Group is adopting good marketing and promotional strategies these days to encourage
its new product launching. UB Group is already having a brand image in the market and now its
promotional displays are all around in the market. Antiquity Blue and Antiquity Rare is going to be a
successful brand in coming days as customers prefer this because of its smooth taste, no smell and no
hangover.
Many of the Promotional programmes like Spot selling is going on in different cities. It also
Organized Promotional parties that swore success. Now premium whisky is not only the demand of
some people but now it is demand of all people who like to enjoy their precious moments with it. But
after achieving all the success the company should look into certain points so that its product acquires
great heights.
Communication and Distribution channel should be strong.
Proper Display of products in Retail Outlets, Bars and Clubs
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.
UB Group should concentrate on those areas where the sale ofliquor area is very low.
Should target Corporate Personnel especially Youth where Whisky is quite demanding
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RECOMMENDATIONS & SUGGESTIONS
UB group is the market leader in liquor industry. The company is running with good promotion
offers. The company can increase the market share. Here are some suggestions, which are based on
observations during my summer training.
1. The gifts which are given by the company as a part of promotion are old, there should beinnovation. Customers do not want to take glass, pens, music CDs.
2. Company can arrange a surprise party or gift for the customers occasionally.3. Some incentive should be given to the barmen as commission on sales.4. There should be strong friends and family network.5. The company can open a bar in city, which will deal mostly with USL brands.6. Some corporate parties or event can be sponsored so as to promote the brand.7. Sales promoters are very important, so they should be encouraged.
FOR RETAILERS:
There can be free gifts or cases on bulk purchase. We can also give gifts occasionally like Seagram gives at least twice a year. Cash discounts can be other alternative.
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FOR BARS
We can give schemes like buy two peg get 1one free. Free snacks can be given with the drinks We can also provide T-shirt or cap to bar tenders for brand promotion.
FOR CLUBS
In clubs generally high class society people are seen, so there should beSchemes like free Passes for Programmes, holiday packages on lucky draw
basis, etc.
Club Programmes can be sponsored by the company
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ANNEXURE
1. Questionnaire for Customers
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UB GROUP
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QUESTIONNAIRE FOR CONSUMER
GENERAL INFORMATION: To be used only for the purpose of analysis
Name - Age - ..
Income Range -
1- Who influenced you to drink Whisky?
a) Friends b) Advertising c) others.
2- Your frequency of consumption of Whisky is
a) Weekly b) Monthly c) Frequently d) occasionally
3. Where do you usually prefer to drink?
i) Home ii) Model shops iii) Bar iv) Others (specify).
4. Which premium Whisky do you prefer most?
a)Antiquity Blue b) Antiquity Rare c) signature
d) Royal challenge e) Blenders pride
5. Why do you prefer this brand over others?
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..
6. Will you switch to other brands if your choice is not available?
(i)Yes (specify which brand) (ii)No (iii) May be
7. Where do you usually prefer to drink?
i) Home ii) Model shops iii) Bar iv) Others (specify).
8. What attracts you while making the purchase decision?
a) Price b) Brand c) Taste d) Offers
9.Rate the underlined brands as per the following from 1 to 5( 1=highest and 5 = lowest)
Brands Taste Value for
money
Smell Hang-Over
problem.
Antiquity Blue
Antiquity Rare
Signature
Royal Challenge
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Blender Pride
10. Any suggestions for improvement?
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