labels: consumer goods, marketing - general
Tailoring products to nations boosts Indian FMCG sales news
23 November 2006

From hair oil for African consumers to coconut gels for Indonesians, that Indian FMCG companies are now looking beyond the Indian the consumer. CNBC-TV18 reports.

The Vatika oil that we see on store shelves isn't what sells in Egypt — Dabur makes an olive oil variant especially for that country. You won't find hair gel from Marico in India, but the product has captured 21 per cent of the UAE market. Indian FMCG companies are globalising operations, an initiative that involves much more than simply taking local brands abroad.

Vijay S Subramaniam, CEO, international business, Marico, says, "Over time, we have evolved from an organisation which operated from an export mind set to that of a global mindset. By global I mean understanding your target consumer, target market, and its diversities and compete effectively."

With Parachute available in 26 countries, it's hardly surprising that international business contributes 10 per cent to Marico's topline.

Similarly, Dabur, with five foreign manufacturing facilities, wants to rake in Rs600 crore by 2010 from its overseas operations.

Its international business grew 19 per cent in the last financial year. Even Godrej Consumer Products' exports grew 10 per cent last year. Many companies see their foreign businesses picking up rapidly.

Sunil Duggal, CEO, Dabur says, "Presently, 13 per cent of our revenues are derived from overseas. Very little is exported out of India, mostly it is manufacturing overseas that is the fulcrum of our overseas expansion. I see this creeping up to 20 per cent three years from now."

Companies are moving abroad. Dabur says it will develop health foods for the US. Godrej wants to hard-sell hair colour in Britain and China. Indian companies are indeed charting new courses.


 search domain-b
  go
Legal Policy | Copyright © 1999-2007 The Information Company Private Limited. All rights reserved.  
Tailoring products to nations boosts Indian FMCG sales