Horlicks
Horlicks
Price Rs. 394 Rs. 380 Rs. 400 Rs. 464 Rs. 1050
MARKET SHARE OF HORLICKS
Market Share
Pediasure
Complan 1%
12%
Boost
14%
Horlicks
56%
Bournvita
18%
Why have the sales of Horlicks dropped
significantly ?
• Existence of Substitutes
• Demand for Ayurvedic Products
• Inability to Price Well
REPOSITIONING/ REVAMP
• The brand has been positioned as a healthy nutritional food for every life
stage and for consumers of every age.
SEGMENTATION
DEMOGRAPHIC SEGMENTATION-
Here the market is segmented on the basis of the age groups & income level
• Age: Junior Horlicks- for preschool children
Horlicks regular- for general use
Women's Horlicks-for pregnant and breast-feeding women
Horlicks Lite- for health-conscious adults and for diabetic people
Chocolate and other flavoured Horlicks- for teenagers.
SEGMENTATION
PSYCHOGRAPHIC SEGMENTATION-
• Health Conscious
• Recovery/ Energy Gain
BEHAVIORAL SEGMENTATION
• Growth oriented
• Sports
TARGETING
Once the firm has segmented the total market, it should select the target market segment or
segments for marketing. This is called targeting. This is an every day product. Target differs with
each variety of offering Consumer Insight Food drinks that are nutritious and available at
competitive pricing and easily available Customer need state. A milk additive that improves the
nutrition level and taste of the milk.
• Geographic dispersion Urban, suburban Family life cycle Full nest, single parents
• Social Stratification Upper class, lower upper class, upper middle class
• Age segments Infants (0-5), mothers (18-45)
• Income Average, above average (50 k to 100 k per month)
POSITIONING FOR HORLICKS
• Horlicks was initially introduced as both an additive and substitute to milk and positioned itself
as a nutritional supplement for the kids.
• In 2003, it positioned itself as a "pleasurable nourishment" by launching its vanilla, honey and
chocolate variants.
• It adopted a new positioning strategy via product packaging which now carries a logo, taller,
stronger, sharper.
• Junior Horlicks brand has positioned a product exclusively for children of the age group 1-3.
• Today, the brand talks to each member of the family. Its objective is to cater to the needs of all
the age groups.
• Women’s Horlicks differentiated the brand from the others by positioning it on a “bone health”
platform, which is a common health issue among older women. The positioning benefited the
brand’s performance.
PRODUCT DIFFERENTIATION
• Brand Mantra
• Trust worthy- Brand with long history
• Variety- 9 brand Extensions
• Availability – excellent distribution