Synopsis
Title of project: Route to Market and Selling Methodology for Maggi Sauces
The project is concerned with Maggi Sauces offered by the Nestle. Maggi Sauces is one of the important products offered by the company. Maggi Sauces is presently available in two variants Hot & Sweet and Tomato Ketchup. The different SKUs of the product includes 200gm, 500gm and 1kg Pack, company also offers a Maggi Pichku. Maggi has been the market leader in the Indian sauce Industry which is worth around Rs. 220 core. But in the recent past Maggi sauces have been in danger of losing its market dominance to one of its oldest competitor HULs Kissan. Other brands such as Tops, Delmonte and Smith and Jones have also affected the sales of Maggi Sauces. The Project is based in West Delhi;which includes areas like Uttam Nagar, Dwarka, Vikas Puri, Najafgarh and many more A sample of 50 consumers would be taken and the sample will have people from all the classes of the society so that we can get the true picture. Few of the main objectives of the project are:y y y
Study the availability of Maggi Sauces and scope for expansion Track performance of Maggi sauces Suggest roads for future
The project also deals with analysing the competition faced by the company and the various strategies adopted by the competitors. A SWOT analysis of Maggi Sauces and competitors product would also be done to better understand the competition and to come up with recommendations. The methodology which would be used to undertake the project includes; discussions with Sales Team, Distributor, Sales Man, Shop-Keepers, consumers. A questionnaire would be drafted for the consumer which will help to find out the consumer preference for sauces and what changes they would like to see in Maggi sauces. The analysis of questionnaire will also help in finding out which is the most demanded brand in the market. The final outcome of the project will have recommendations and suggestions regarding the Distribution Strategy, Merchandising Strategy and Activation Strategy.
Work done so far
Discussion with Sales Team, Distributor and the retailers is on for the past many days. Various markets have been visited during the past week and a lot of qualitative data has been collected from the retailers. From the initial findings its very clear that Maggi Sauces is not the most preferred brand by the consumers in this part of Delhi. There have been very useful insights provided by the retailers which would very useful in the compilation of the project report. Drafting of the questionnaire is in process and once the final questionnaire is ready the data collection process would start. The data completion is expected to be over by the 5th of July and then the data would be analysed using few statistical Analysis
Limitations of the Study
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Getting Competitors information Attitude of the retailers in providing feedback Biased response by the consumer