Professional Documents
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Project Report On
“An Empirical Study Of Consumer Behaviour in Rizwan & Brothers Perfumers in India.”
Of the degree of
By
SAFWAN QURAISHI.
(Registration No. 2201820060)
AFFILIATED TO
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CERTIFICATE.
This is to certify that the project report entitled “Summer Internship Report” is a
bonafide work of SAFWAN QURAISHI submitted to PROF.AVESH
BHORNYA in the Second year of Master of Management Studies course in the
academic year 2018-2020 at Anjuman-I-Islam Allana Institute CST, Mumbai. I
hereby declare that the information submitted in this project is true and original to
the best of my knowledge.
PLACE: MUMBAI.
DATE: 11/11/2019.
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ACKNOWLEDGEMENT.
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DECLARATION.
I declare that this written submission represents my ideas in my own words and
where other’s ideas or words have been included, I have adequately cited and
referenced the original source. I also declare that I have adhered to all principles of
academic honesty and integrity and have not misrepresented or fabricated or
falsified any idea/data/fact/source in my submission. I understand that any
violation of the above will cause for disciplinary action by the institute and can
also evoke penal from the sources which have thus not been properly cited or from
whom proper submission has not been taken when needed.
SAFWAN QURAISHI.
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ABSTRACT.
The report titled ““An Empirical Study of Consumer Behaviour in Rizwan & Brothers Perfumers
in India” is basically Consumer Behaviour is the study of how individual customers, groups or
organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and
wants. It refers to the actions of the consumers in the marketplace and the underlying motives for
those actions.
Marketers expect that by understanding what causes the consumers to buy particular goods and
services, they will be able to determine—which products are needed in the marketplace, which
are obsolete, and how best to present the goods to the consumers.
A major aspect of consumer buying behavior is the decision-making process. This is the
systematic approach thoughtful, purposeful and logical buyers use to make all purchase
decisions. It begins with a functional or emotional need recognition. For instance,
a consumer may develop a sense of hunger.
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PHOTOS:
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INDEX.
1. INTRODUCTION. 8-9.
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INTRODUCTION.
purchase activities: the purchase of goods or services; how consumers acquire products and
services, and all the activities leading up to a purchase decision, including information
search, evaluating goods and services and payment methods including the purchase
experience
use or consumption activities: concerns the who, where, when and how of consumption and
the usage experience, including the symbolic associations and the way that goods are
distributed within families or consumption units
disposal activities: concerns the way that consumers dispose of products and packaging; may
also include reselling activities such as eBay and second-hand markets
Consumer responses may be:
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emotional (or affective) responses: refer to emotions such as feelings or moods,
mental (or cognitive) responses: refer to the consumer’s thought processes, their
behavioural (or conative) responses: refer to the consumer’s observable responses in relation
to the purchase and disposal of goods or services.
As a field of study, consumer behaviour is an applied social science. Consumer behaviour
analysis is the “use of behaviour principles, usually gained experimentally, to interpret human
economic consumption.” As a discipline, consumer behaviour stands at the intersection of
economic psychology and marketing science.
As a consumer we are all unique and this uniqueness is reflected in the consumption pattern and
the process of purchase. The study of consumer behaviour provides us with reasons why
consumers differ from one another in buying using products and services. We receive stimuli
from the environment and the specifies of the marketing strategies of different products and
services, and responds to the stimuli in terms of either buying or not buying product. In between
the stage of receiving the stimuli and responding to it, the consumer goes through the process of
making his decision.
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IMPORTANCE OR SIGNIFICANCE OF CONSUMER BEHAVIOUR.
The following are some of the points discussed that explains the value to marketers of
understanding and applying consumer behaviour concepts and theories.
2. To create and retain customers through online stores: The consumers are satisfied
with the product, he or she will buy the same product again. Therefore, the product
should be marketed by markers in such a way that convince customer to buy the product.
Thus, creating customer and the retaining those customers are important. These can be
done through understanding and paying close attention towards the consumer’s behaviour
while making purchase decision or buying a product in market place. Moreover, the
information published on the websites largely influence the customer’s buying behaviour.
Such information on published sources arouse consumer to buy a product or service.
Moreover, updating such information will help the consumer to retain to a product or re
try the product if the product has dissatisfied them.
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is Halal. The marketers first consider all the factors that can influence consumers to buy
Halal products, where they can target specific areas where Halal food is more sold.
If the product or services that have failed to deliver required or expected satisfaction by
the consumers, the product is disposed by the customers. For this, some marketers track
the follow up from the consumers so that they can gauge the reason behind failure of the
product. Moreover, in order to retain customers, some marketers or organizations offer
customers with services like exchange of product, money back guarantee etc. Although,
aw2e3rfgvrg these tools are helpful to influence post purchase behaviour of consumers to
some extent.
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TYPES OF CONSUMER BEHAVIOURS.
1. Complex Buying Behaviour: This type of behavior is encountered when consumers
are buying an expensive, infrequently bought product. They are highly involved in the
purchase process and consumers’ research before committing to invest. Imagine
buying a house or a car; these are an example of a complex buying behavior.
3. Habitual Buying Behaviour: Habitual purchases are characterized by the fact that
the consumer has very little involvement in the product or brand category. Imagine
grocery shopping: you go to the store and buy your preferred type of bread. You are
exhibiting a habitual pattern, not strong brand loyalty.
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STEPS IN EVERY CONSUMER DECISION MAKING.
1. Problem Recognition: Most decision making starts with some sort of problem. The
consumer develops a need or a want that they want to be satisfied. The consumer feel like
something is missing and needs to address it to get back to feeling normal. If you can
determine when your target demographic develops these needs or wants, it would be an
ideal time to advertise to them. For example, they ran out of toothpaste and now they
need to go to the store and get more.
2. Search Process: Most of us are not experts on everything around us. In the searching
phase we research for products or services that can satisfy our needs or wants. Search
Engines have become our primary research tool for answers. It is an instant and easy way
to find out what you are looking for.
3. Evaluating Alternatives: Once the consumer has determined what will satisfy their want
or need they will begin to begin to seek out the best deal. This may be based on price,
quality, or other factors that are important for them. Customers read many reviews and
compare prices, ultimately choosing the one that satisfies most of their parameters.
4. Selection Stage: After tallying up all the criteria for the decision the customers now
decide on what they will purchase and where. They have already taking risk into account
and are definite on what they want to purchase. They may have had prior experience with
this exact decision or maybe they succumbed to advertising about this product or service
and want to give it a try.
5. Evaluation of Decision: Once the purchase has been made, does it satisfy the need or
want? Is it above or below your expectations? The goal for every marketer is not for a
one-time customer but a repeating lifetime customer. One bad experience of buyer’s
remorse and your brand perception could be tarnished forever. On the other hand, one
superb experience can lead to a brand loyal customer who may even become a brand
evangelist for you.
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INDUSTRY PROFILE.
India has a long history of perfume expertise dating back over 300 years. The familiarity of the
average Indian with complex fragrances, coupled with strong cultural factors has given Indian
fragrances a unique character.
The fragrance market in India is small in comparison to those in developed countries, but it has
the potential to develop into one of the biggest in the years to come. The opportunity in this
sector is more and it has a middle class of 100 million people with growing disposable incomes.
At the same time, improved efficiencies in the supply chain, product and process innovation
and higher aspirations amongst consumers are driving a boom in the FMCG sector.
The company like Titan Industries has stepped into perfume market with its SKINN range. Vini
Industries with FOGG has already dominated the market with its varied perfume range. The
study has been focused to understand the scope of perfume in the Indian Market and factors
affecting the perfume buying behavior of consumers.
The effect of the progress on Indian Aroma Industry is felt significantly after western influx of
different perfumes in India. In Indian Aroma Industry however, this change is definite and will
supposedly spread in much larger markets than the west because of sheer market size and
growth. One of the effects of western influence is the intense use in Soaps, Cosmetics & Personal
perfumes. It is estimated that the total global market size of F & F and the allied industry is of
the order of USD 20 Billion. Indian share is about 10% of the globe, which is USD 2000 Million.
Indian population is however 17.8% of the globe which indicates potential growth.
Fragrances industry have a turnover of Rs 3000 Crores, Flavors have a turnover of Rs 2250
Crores, Aroma chemicals have a turnover of Rs 2800 Crores, and Essential Oils have a turnover
of Rs 1950 Crores. This study is carried out to know the buying behaviour of consumers and the
factors which are important in choosing any perfume.
The main end-market for fragrances is household products, followed by personal care products,
and then perfume (figure below). The household product market is dominated by low-value
fragrance evoking cleanliness to be included in products such as floor cleaner and laundry
powder although there is a small higher-value home design component in this market e.g.
candles.
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The fragrance industry can also be viewed by geographical segments (figure below). North
America, primarily the United States, and Europe, primarily Western Europe, are the major
markets in the global fragrance industry. Asia is a growing and targeted market.
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ORGANISATION PROFILE.
Rizwan & Brothers Perfumers was incorporated in the year 1950 by Rizwanullah Nasrullah
Khan. He left his homeland which was in Uttar Pradesh and travelled to India's commercial
capital, Bombay and turned as a supplier of Agarwood and Dahn Al Oudh, sourced from the
state of Assam
He started blending various kinds of fragrant oils, becomes manufacturer of fragrances and
emerges as the premier supplier of fragrances in South Mumbai as well as in other parts of
Mumbai also.
Rizwan gave his name to the product range and in the same year, he decided to relocate with his
family to Mumbai.
"A fragrance is all that it takes to travel through time, such is the bond between memory and
smell" – Rizwanullah Nasrullah Khan.
Nothing unlocks an old memory better than smell, be it the memory of lost love or of a fond
friend. At Rizwan & Brothers we help towards recreating those memories through our
fragrances. Our perfumes has grown from a modest trading house into a regional corporate
entity. Today this business is steered by the passion of the second and third-generations, each
playing a key role in the brand’s development.
Rizwan & Brothers Perfumers stands strong as a corporate entity with a vast portfolio of over
300 of the finest and most captivating fragrances. It has a strong retail presence with over 180
exclusive retail outlets across the GCC. It also has presence on the international front, currently
exporting our exquisite range of products to 15 countries across the world, also being exclusively
present at Duty Free locations and Airlines.
A brand with a rich heritage acquired through over 50 years of experience and know-how in the
art of perfumery, our perfumes has carved a niche for itself in the perfume industry. Rizwan &
Brothers has also been an innovator in perfume-making and a pioneer in the perfume products to
a global clientele.
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OBJECTIVE OF THE STUDY:
This project is based on consumer behavior towards perfumers. Objectives of the study are:
1. The main objective is to know about the customer satisfaction associated with the product
and the customer preference level.
2. To increase customer satisfaction and recapture the market share by fulfilling the
customer needs.
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VISION & MISSION.
We exist to enrich our customer’s lifestyle through:
OUR VALUES:
Excellence
Innovation
Partnership
Integrity
Open Communication
MISSION: Design the best fragrances in partnership with our clients making their products those
preferred by the consumers. Our mission is to offer scent and flavor features that sustain the
values and lifestyles of every man and every woman in every continent.
We believe that fragrances and flavors are essential elements of humanity; they represent a
precious treasure that Moellhausen endeavors to protect, share, and reinvent with tireless
enthusiasm.
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RESEARCH & DEVELOPMENT OF RIZWAN & BROTHERS
PERFUMERS.
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RANGE OF PRODUCTS OFFERED BY THE COMPANY.
PRODUCT PROFILE:
Rizwan & Brothers take a great pride in the fact that, till date, all its fragrances have been
conceived, created, developed and manufactured in-house. Even raw materials sourced for
various perfumes that are manufactured are sourced only from internationally renowned
suppliers that are known for their high quality and standards. These include H&R, IFF, Dragoco,
Drom, V Mane Fils (VMF) among others. Similarly, with a view of ensuring that the packaging
of its fragrances is as per international standards, Perfumes sources glass bottles from several
internationally renowned manufacturers, such as Brosse, NVM, Heinz Glass, Bormioli, etc.
After the idea of a perfume is conceived it is first tested by a ‘consumer panel’, which consists of
a sampling of the target segment.
Using highly advanced quality control equipment, the chief perfumer then ensures that the
quality of the blends conform to internationally recognized standards or those set by regional
bodies such as GMSO and country-specific organizations such as SASO.
CUSTOMIZED FRAGRANCES:
In today’s competitive environment it is imperative to leave your mark of distinction at every
level. From service to stationery, every little detail speaks volumes for an organization. This is
the reason why organizations like The Burj Al Arab, Saudi Airlines, and Emirates Airline invest
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in customizing even the little things that are traditionally run-of-the-mill. But it is through this
meticulous detailing that the ‘distinctiveness’ truly shows up. This is where we come in.
CUSTOMIZE TO RISE:
Today big corporations around the world use ‘customizing’ as an indispensable tool to reinforce
corporate communication and strengthen customer relationship. The process begins with
analyzing your customer profile and the message you want to send to them. Based on your
communication brief, we custom-make a fragrance for you. The impact of this is quite
phenomenal, as in a subliminal sort of way, the essence of the organization has been
communicated to the end user.
CUSTOMIZATION OPPORTUNITIES:
The opportunities to reach out and touch all those related to your organization are endless. From
custom-made corporate gifts developed specially for customers, to unique gifts for ‘Customer
Relationship Programmes’. From presentation ideas for events, to special occasion gifts, we can
create numerous options for you to choose from, all in line with the corporate identity and the
mission of the company.
Your employees are as valuable as your customers, for they are the face of the organization.
They carry the corporate message across the board and down the line. So if employee gifts were
to be turned into a glimpse of the corporate philosophy, it would work to the benefit of an
organization. Moreover, a customized gift is much better than giving them just another corporate
gift that doesn’t reflect the essence of the company.
We believe we can create something special for you, while our expertise in the realm of
perfumery continues to help you find what you are looking for.
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RIZWAN & BROTHERS PERFUMERS TEAM.
TEAM:
We have an open and entrepreneurial environment, with a passion for performance, desire to
achieve and commitment to accomplish any kind of tasks. Our core value, high integrity and our
‘NEVER-SAY-DIE’ approach are engrained in and can be seen in our people, practices and
processes.
EMPLOYEE PROFILE:
We build and maintain a global workforce mirroring with our customer base - employing a
diverse group of people from different backgrounds, with a vast range of skills and experience,
yet all connected by a common sense of culture.
WORK POLICY:
Rizwan & Brothers recognizes the variety in human capital investment and ensures that its
infrastructure and policies support it. Our policies revolve around developing our people,
involving them in the growth of the organization and realizing tangible benefits. We strive to
attract and retain the best people in the industry and provide an environment where they can all
develop professionally and build a rewarding career. As a result, we have created an inclusive
environment that is rich in diversity, acknowledging each individual's uniqueness and promotes
respect, personal achievement and stewardship.
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EXPORTS OF RIZWAN & BROTHERS PERFUMERS.
INTERNATIONAL EXPORT:
A journey that started in 1950 was well entrenched and had established itself in the Middle East
by the end of the 20th Century. The company started looking outside the shores of the Middle
East in the early years of 21st century. Exports division was established and become fully
functional in 2007. In seven years of its inception as a division, brands offered through the
division are available in more than 30 countries, primarily due to the acceptance of its products
by distributors and most importantly by the end consumers. Acceptability of products has been
both amazing and surprising.
ETERNAL BY RIZWAN:
Established in 2001, Eternal by Rizwan is the luxury marque of Rizwan & Brothers. Steeped in a
luxurious fusion of old-world Arab charm and modern chic, it presents alluring fragrances
originating from the Gulf of Arabia.
Positioned firmly within the premium segment of the perfumery world, Eternal specialises in
French and Arabic blends bottled in exquisite handcrafted crystal bottles. These references are
available, depending on your choice, as Eau de Parfum or Pure Concentrated Perfume.
EXPORTS COLLECTION:
Spreading the essence of Perfumes across the world, our export division brings the finest of our
Collections to the international market. Presented as Signature, Prestige and Classic Collections
to suit every taste and personality, the collections offer an exquisite introduction to the
mesmerizing quality of Rizwan Perfumes.
CLASSIC COLLECTION:
Individuals with a refined presence expect to be matched with a fragrance by offering an array of
perfumes that are as classy as the personalities who will wear them. From the adventurous man
with charming ways to the elegant lady with a polished persona.
SIGNATURE COLLECTION:
A unique offering from Rizwan, the signature collections combine the highest quality raw
materials created for fragrance connoisseurs. Its elegant packaging reflects the fusion of nature,
passion and artistry contained in each bottle.
PRESTIGE COLLECTION:
Prestige and Classic Collections to suit every taste and personality.
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FINDINGS:
1. The organization continuously tries to improve the quality aspect as done by other
players in the field. This is quite necessary as otherwise figures may flow down.
Continuous improvement so that the existing customers are loyal to their company and
the new customers prefer their perfumes and not their competitors.
2. Decision making is excellent for organization with respect to other organizations in the
industry.
3. The organization client handling in case of service and customer service has a remarkable
difference from the industry standards.
4. The organization is on its way to add Water transportation and Rail transportation to
provide quicker and better services to their clients.
5. The organization also provides GPS tracking services to the client on their request.
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CONCLUSION.
In conclusion, I have learned that perfumes have made a significant impact on society during the
past and present. In addition, I was surprised to know that some of the ingredients from perfume
were from plants and animals. This turns out to be the make up of most of the fragrances that
men and women use today in their colognes and perfumes. I was also surprised to find out some
of the same ingredients of perfume is used to make washing powder, bar soap, air freshener and
deodorant.
In this work, I studied the data about fragrances to understand what makes a successful perfume.
I found out that the launch date and price correlates little to the popularity of perfumes. However,
I did see major fashion brands were highlighted amongst producers of the most successful
perfumes in the dataset.
The study has also revealed that brand of the perfume, packaging, bottle design are among the
important factors for consumers during the purchase of the perfume. However, the ultimate
decisive elements are fragrance and quality of the perfume. Any marketer who can come up with
a desirable fragrance of high quality and combines it with right type of product elements i.e.
packaging and bottle design then we will be confident in guaranteeing any success. It is also
noteworthy that even if the perfume has become a success and it is up for recommendations from
family, friends and colleagues and customer has positive inclinations due to past experience with
perfume, even then marketers must keep on delivering on quality promise.
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REFERENCES.
1. https://en.wikipedia.org/wiki/Perfume
2. https://www.fragrantica.com/board/viewtopic.php?id=163044
3. https://www.fragrancesoftheworld.com/TheReferenceGuide
7. https://www.britannica.com/art/perfume
8. https://www.encyclopedia.com/sports-and-everyday-life/fashion-and-clothing/clothing-
jewelry-and-personal-adornment/perfume
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