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Named after the French opera Lakme, which itself the French form of Lakshmi – the Hindu
goddess, renowned for her beauty.
It was started in 1952 famously, because Prime Minister Jawaharlal Nehru was concerned
that Indian women were spending precious foreign exchange on beauty products and
personally requested JRD Tata to manufacture them in India.
Simone Tata joined the company as director and went on to become the chairperson.
In 1996, Tata sold off their stakes in Lakmé Lever to HUL, for Rs 200 Crore (45 million US$).
The products are exported to more than 70 countries worldwide under the entity Lakme
Exports Pvt. Ltd.
Timeline:
1996: Tata sold off their stakes in Lakmé Lever to HUL, for Rs 200 Crore (45 million US$).
Strategy of Lakme:
Product mix:
Face- It includes items like illuminators, blush, compact, concealer, bronzer, contour, sunscreen,
serums, moisturisers, scrubs, face wash, foundation and face primer. Some of them are
Eyes- Includes eyeliner, mascara, kajal, eye shadow, eye primer and eyebrow enhancers. Some of
them are
Lips- It includes items like lipstick, lip gloss, lip liner and lip balm. Some of them are
Nails- It includes Nail paints in several colour shades and remover for its removal. Some of the
products are
Tools and Brushes- Includes lip brush, blush brush, eye brush sets and face brush
Make-up kit- Includes eye palettes, face palettes, customised palettes and combo sets
Lakme has adopted an aggressive marketing plan to promote its products to every nook and
corner. Its ad campaigns are advertised through television, radio, newspapers, fashion
magazines, billboards and social media platforms like Twitter, Facebook, Blogs and YouTube.
It believes in star power and its impact on common masses and has roped in several
admirable personalities’ time and again as its brand ambassadors.
It is the title sponsor of bi-annually held fashion week titled Lakme Fashion Week.
The company has set up Lakme Beauty Training Academy in Chennai, Delhi and Mumbai to
assist interested people.
Globallu, the company conducts events such as cosmoprof worldwide, cosmoprof asia,
beauty world middle east and intercharm as global beauty events.
Katrina kaif
Isabelle kaif
Lisa haydon
Kareena Kapoor
Shraddha Kapoor
Mrunal Thakur
Ananya pandey
The company was quite sure of its approach towards pricing strategy. It wanted to garner as
many customers as possible by penetrating both urban and rural market. Therefore it has
adopted a reasonable pricing policy because it wants its products to reach masses.
It realises that affordable and pocket-friendly rates will result in large volumes and
eventually will lead to better profits.
Footprints have extended towards every nook and corner of the nation.
It has a vast distribution channel that includes services of nearly twelve hundred sales
outlets with beauty advisors. It has also set up one hundred and ten beauty salons in India.
Its products are easily available to customers through services of distributors, stockiest and
retailers.
Besides its outlet’s products are available at hypermarkets, supermarkets, convenience
stores, discount stores, and beauty shops.
Company’s products can also be obtained in 70 countries globally.
Sales promotions:
https://www.youtube.com/watch?v=0zPj3QfA4Ms&ab_channel=DesiKaliah
1. Social Media
Facebook
With more than 30 lakhs people on the Facebook page and lakhs of people interact
on daily basis. The page shows a good mix of videos, event pictures, customer
reviews etc and shows their active presence.
Lakme Fashion Week which is the biggest fashion event in India holds a separate
Facebook page showcasing the event highlights.
Twitter
Lakme has an official twitter account(76000 followers) focusing on the product and
event updates to entertain its twitter audience.
2. Events
Lakme Academy powered by Aptech trains, motivates, grooms, and guides aspiring
beauticians to walk towards a successful and glamorous career. Regular mentoring
by experts make students passionate and committed towards their goals. Students
are given opportunities to enhance their skills, showcase their talents, present
themselves as professionals, and explore the world of glamour.
3. CSR
Project Prabath
Contributes to the development of local communities around Company’s
manufacturing locations. The key areas of ‘Prabhat’ programme are - Enhancing
Livelihoods, Water Conservation and Health and Hygiene.
Project shakti
Financially empowering and providing livelihood opportunities to women in rural
India. They are acquainted with the products of the Company as well as the basic
tenets of distribution management. This programme has helped Shakti
Entrepreneurs, also known as Shakti Ammas in gaining soft skills in areas like
negotiating and effective communication.
4. Personal Selling
Lakme has used customer groups such as individual customers and the professionals
through its network salon and the varied need of the customers in the areas of
Beauty, Haircare, Make-up, and skin care as a basis of segmentation.
They believe in demonstration and focus on customer trust.
5. Advertisement
Television, YouTube, Newspaper, Hoardings and magazines are the kinds of
media Loreal use for advertisements.
6. Direct Marketing
7. Sales Promotion
They do it occasionally in order to capture the market.
50% discount for students
Happy hours – 20% discount
Flash sales – 35-60% discount