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Fast food - anything prepared and served very quickly. Quick service restaurant constitute a major part of the Fast food industry in India. Many international players have ventured in this market like Mc Donald's, dominos etc.
GROWTH OF QSRS
Quick service restaurant Industry is anticipated to grow at a CAGR of around 34% during 2011-2014.
(Source: http://www.htrends.com)
The consumer spending on processed food has increased at an average rate of 7.6 % annually from 2008 to 2010
(Source:Associated Chambers of Commerce and Industry in India - Assocham. From Rediff business report)
Vada pav alone is a 2000 crore industry. Almost 1 lakh vada pavs are sold everyday in Mumbai itself. Out of this Jumbo King manages to sell 10,000 everyday.
(Source: www.telegraphindia.com)
MARKET COMPETITORS
Primary Competitor Secondary Competitor Jumbo king Goli Vada pav, Shiv Vada pav, Mc Donalds,etc
Unbranded Competitor
Shree Krishna (Dadar), Stall Outside Mithibai, Amrut Bhuvan (Lower Parel) etc
Substitutes
JUMBO KING
Vada pav is the favorite fast food of Mumbai . The first Vada pav emerged 45 years ago. Deeraj Gupta was inspired from burger king and introduced Jumbo King in Mumbai. The first Jumbo king was introduced in Malad East targeting the commuters on the station on 23rd August 2001. They have a total of 43 outlets in Mumbai and Gujrat.
TARGET GROUP
They targeted the age group of 17-35 out of which 75% was from the age group of 17-25. They primarily targeted the daily commuters. Social economic status of lower and middle class . People on the go.
BRAND PERSONALITY
Brand personality is the way a brand speaks and behaves. Jumbo king personality SINCERITY
BRAND IDENTITY
It is the outward expression of a brand, including its name, trademark, communications, and visual appearance. The name Jumbo king was inspired by burger king. They have used vibrant colors and bold letters to catch the attention of the on going traffic. The tagline is say wow to vada pav which is simply to connect with and understand
BRAND POSITIONING
It is the development of a brands position in the market by heightening customer perception of the brands superiority. JK is positioned as the fast food for daily commuters.
TARGET GROUP
Geographic Variable - Mumbai Suburbs Demographic Variable Age group- 15 to 35 Gender- both Occupation- College students and working class Socio economic status- Middle class onwards Physiographic variables Lifestyle- Contempary & Fast paced attitude. Hygiene & health conscious. Behavioral Variables Occasions- Quick bite Benefit sought- Satisfaction to hunger Income- Middle class and above
BRAND PERSONALITY
Excitement
MARKETING STRATEGIES
Flyers and leaflets containing menu for free home delivery around 2km radius. Newspaper ads, food magazine ads, food critic reviews. Outdoor advertising in form of cut outs and standees.
Offices
Recharge Store
Bus Stop
Next stop .. Full Stop !!
Petrol Pump
"When your tank is full, why let your stomach go empty?"
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