Professional Documents
Culture Documents
PROJECT REPORT
POSTGRADUATE DEPARTMENT OF
BUSINESS MANAGEMENT (SARDAR PATEL UNIVERSITY)
Certificate
1
2
Declaration
I hereby declare that the research project is my original work and has
been written by me, I have duly acknowledged all the sources of
information which have been used in the project.
Mithil Joshi
3
Preface
As the Indian economy opened up after the reforms of 1991 the
brand consciousness of customers has escalated. In the present
times there are many brands of edible oil available in the market.
Consumers have certain choices and & preferences through which
they evaluate the brands on the basis of aspects like touch and
feel, price, quality, health & packaging etc. The present study
undertaken to examine the consumer attitude and perception
toward brand Tirupati edible oil. Researcher has tried to evaluate
category of “Cottonseed oil” vis a vis other category, Understand
Brand Perception for “Tirupati”, Define three word which relates to
brand “Tirupati.Data was collected from 4 cities of Central Gujarat
Nadiad/Anand, Ahmadabad, Vadodara and Bharuch. A total of
1250 customers were surveyed across four cities. It was found that
Tirupati as a brand has a good market share in the Central Gujarat
region.
4
Acknowledgement
Mithil Joshi
5
Table of Contents
Chapter 1 Introduction 9
1.6 Research
Methodology………………………………………………….16
1.8 Research
approach……………………………………………………...17
1.9 Approach to Respondents 18
6
3.4 Market Switch – Brand Tirupati…………………………………………
28
5.2 Conclusion –
4P’s………………………………………………………..46
References……………………………………………………………...…...50
List of Charts
List of Tables
8
Chapter 1: Introduction
9
1.1 Introduction to Kaizen Market Research And Consultancy
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the best research report to the end. Kaizen market research and
consultancy provide a great solution to the client. It’s the best marketing
consultant in Ahmedabad, Mumbai, Gujarat, Bangalore, Pune, and India.
Kaizen market research company collects global data from the real world
and performs market research analysis on same. Kaizen market
research and consultancy generates the best market research report on
the market analysis.
KMRC has four different Strategic Business Units:
• Market Research
• Marketing Processing Outsourcing
• SME Consulting
• Global Data Collection
The Kaizen Approach
Kaizen' is a Japanese business philosophy, stands for 'continuous*
improvement. It is an approach which can be applied to any process with
an aim to ‘change for the best.
The cycle of kaizen activity can be defined as:
• Standardizing an operation and activities.
• Measuring the operation.
• Gauge measurements against requirements
• Innovate to meet requirements and increase productivity.
• Standardize the new, improved operations Continue the cycle.
11
The Market Research services of kaizen include following services
Competitor Analysis
Product Research
Marketing Research
Distribution Analysis
Consumer Research
12
Market Access
Export Analysis
Strategic Analysis
Business Consulting
Rural Research
Price Analysis
1.2 Introduction to Tirupati Oil
Making a mark the promoters of the company Mr. Nimish Patel and Late
Shree Mr. Nilesh Patel started the business with three firm pillars -
Quality, Research and Integration on which they have successfully build
the business empire which today produces 1550 M.T. refined oil per day
with complete vertical integration.
"Tirupati" is a well communicated and trusted edible oil brand in India. Its
market positioning as a balanced cooking oil, helped it attach with its
consumers on the health and fitness ground and soon the brand became
a household name.
13
The company offers different types of edible oils to consumer market. To
produce best quality edible oil, company has procured best available
technology and machinery over the period of time. Knowledge,
Technology and Process up-gradation has always enabled N K Proteins
to be a market leader in Edible Oil segment. N K Proteins Pvt Ltd. is one
of those very few companies which have also invested in vertical
integration to add a value of quality to all their end products. Company
has its own manufacturing plants to manufacturer and pack Tins, Bottles,
Jars. N K Proteins's operating revenues range is Over INR 500 cr for the
financial year ending on 31 March, 2021.
Corn oil
14
Groundnut oil
Mustard oil
Soyabean oil
• Respondent profiling
• Demographic detail
• Geographic detail
• Edible Oil Usage Behavior
• Usage pattern
• Purchase pattern
• Type of oil preference
• Brand preference
• Purchase process
• Decision making process
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• Factors which influence purchase
• Category and brand selection motives
• Brand Assessment
• Type of oil vis a vis brand selected
• Perception of brand “Tirupati”
• Switching of brand
• Switching of category
1.8 Research approach
Phase-1: Quantitative surveys with large population
Phase-2: Qualitative survey – FGDs – to have an in-depth analysis
of derivation of quantitative research
1.9 Approach to respondents
• Blind study without specifying name of brand for which the survey
is undertaken (anonymous / unbiased /unstated brands survey)
• More close ended questions followed by open end discussion (to
collect qualitative information)
• The survey focus shall be to understand the category of edible oil
and brand preferences
18
Chapter 2: Demographic Profile –
Geographics And SEC
19
2.1 Sample Coverage
The data was collected by the team of Kaizen market research and
consultancy.
20
Agegroup Wise Sample Coverage
Above 50 18 to 25
9% 4% 26 to 30
12%
41 to 50
41% 31 to 40
34%
18 to 25 26 to 30 31 to 40 41 to 50 Above 50
5 Member
15%
3 Member
35%
4 Member
33%
21
Gender Wise Sample Coverage
Male
6%
Female
94%
Male Female
Graduate
34% SSC/HSC
36%
Professional
2%
Some college
13%
22
Occupation of CWE Wise Coverage
Officers / Executives – Junior Unskilled worker Officers / Executives – Senior
9% 1% 6%
Supervisory level
3%
Clerical / Salesman
5%
Self-employed pro-
fessional Skilled worker
3% 29%
Businessman / Indus-
trialist
14%
Petty trader
20%
Shop Owner
9%
Working-Part Time
16%
House Wife
70%
23
Monthly Income Wise Sample Breakup
Above75000. Up to 10000
50001 to 75000 5% 6%
5%
25001 to 50000
27%
10001 to 25000
58%
24
Chapter 3: Quantitative Analysis
25
Category of Oil Ahmedabad Vadodara Bharuch Anand/Nadiad
Mustard oil 4 8 5 4
Table 3.1
26
Brand Wise
Ahmedabad Vadodara Bharuch Anand/Nadiad
Market
Saffola 1.5 2 0.5 0.5
Tirupati 26 37 53 53
Gulab 34 24 21 8
Ankur 10 6 3 10
Rani 8 3 1 2.5
Vimal 4 7 2 17
Korndrop 2.5 2 5 2
Other 4 3 2.5 3
Table 3.2
27
Korndr
Central Region Saffola Tirupati Fortune Gulab Ankur Rani Vimal Sunpride Other Total
op
Cotton seed oil 0 68 3 8 7 2 12 0 0 0 100
Table 3.3
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3.5 Market Gain and Loss e - Brand Tirupati
10% 9%
6%
5% 3% 4%
0%
Ahmedabad Vadodara Bharuch Anand/Nadiad
-5% -4%
-5%
-6%
-10%
-11%
-15%
Chart 3.1
% Customers Gained In % Customers Lost In Last
City
Last 10 Years 10 Years
Ahmedabad 6% -11%
Vadodara 3% -5%
Bharuch 9% -4%
Anand/
4% -6%
Nadiad
10%
5%
Axis Title
0%
Ahmedabad Vadodara Bharuch Anand/Nadiad
-5%
-10%
-15%
32
3.7 Purchase Process For Brand Tirupati
Awareness
% Repeat
(Unaided Positive Negative
City Consideration Purchase Purchase (out
Brand Recall) - Perception Perception
of purchase)
Tom/Spont
Ahmedabad 78 59 19 51 26 75
Vadodara 80 65 15 58 37 72
Bharuch 85 80 5 64 53 88
Anand/Nadiad 80 76 4 62 53 84
Table 3.4
Table 3.5
Table 3.6
33
Nearby
Point Of Wholesale Mall/Hyperma
groccery Online Others Total
Purchase market rt
shop
Ahmedabad 32 18 39 7 4 100
Vadodara 38 19 33 5 5 100
Bharuch 51 31 12 2 4 100
Anand/Nadiad 48 28 17 4 3 100
Table 3.7
Table 3.8
34
Chapter 4: Qualitative Analysis
35
4.1 Keyword Which Connects Brand Tirupati
Chart 4.1
36
4.2 Influencers in purchasing decisions
Wife; 74 Wife; 79
Urban Rural
Chart 4.2
From the above chart we can see that in both Urban and Rural areas
maximum influence in purchasing the brand and type of oil is of wives in
the family. Which was followed by husbands of the family, husbands in
urban areas have more influence compared to husbands of rural areas.
37
4.3 Summary of FGD’s
38
Images of FGD’S held at Ahmedabad
39
4.4 SWOT ANALYSIS
Key Words -
Strength Weakness Opportunity Threat
City Wise
41
focus on
Corn oil
Threat from
Vimal due to
price. Rani
Brand
Focous on has good
loyalty, Adultration
Anand/ other spontantion
Good share issues,
Nadiad category of recall but
in Higher Price
oil have lower
Groundnut
share (May
harm in
future)
42
Chapter 5: Conclusions and
Recommendations
43
• High competition from Gulab oil
Market
• Tirupati is perceived as “Costlier than Rani and Gulab”
Observations
• Gulab has an image of cost effective and good in taste
– Trends –
• Gulab and Ankur has internal switch by many
Brand
customers (on the basis of availability and price)
Market
• Cottonseed has adulteration issue observed
Observation
• There is moderate shift from Cottonseed to
s – Trends -
Groundnut
Category
45
market
46
• Tirupati has a good brand image, which can
be leveraged to gain market share in Mustard,
Soya and Groundnut
• Good awareness and less negative perception
(higher market share as well) – this
showcases the strength
• It is a growing market for Tirupati
Product
• Preferred color – Lite yellow (Tirupati – White/Reddish)
47
• Per capita consumption – 12L (Urban) – 15L (Rural), ideal
consumption as 50-60 Liters where average family size is 4.2
per house
Price
48
Chart 5.1
Chart 5.2
49
Place
Promotions
REFFRENCES
1. https://shop.tirupatioils.com/
2. https://kaizenmarketresearch.com/the-kaizen-approach/
3. https://kaizenmarketresearch.com/
4. https://www.nkproteins.com/
5. https://www.bigbasket.com/pc/foodgrains-oil-masala/edible-oils-
ghee/blended-cooking-oils/?nc=ct-
fa&sid=NtOgj42pYmF0Y2hfaWR4AKFjD6JuZsOiY2OnMzgxfDM4
51
6. https://www.indiamart.com/proddetail/tirupati-cottonseed-oil-
23674540130.html
7. https://www.researchgate.net/publication/
280555252_CONSUMER_ATTITUDE_AND_PERCEPTION_TOW
ARD_BRANDS_OF_EDIBLE_OIL_AN_EMPIRICAL_STUDY
8. https://www.tofler.in/n-k-proteins-private-limited/company/
U25499GJ1992PTC017403
* Required
1. Gender
52
Mark only one oval.
Male
Female
2. Location (City/District)
3. Type of area
Rural
Urban
4. Family SIze
Single
6 and Above
5. Age
18 - 25
26 - 30
31 - 40
41 - 50
53
Above 50
6. Education
Illiterate
SSC/HSC
Diploma
Graduate
Professional Courses
7. Occupation of CWE - Chief Wage Earner of your family Mark only one oval.
Unskilled Worker
Skilled workers
Petty Traders
Shop owners
Businessman / Industrialist
Clerical / Salesman
Supervisory Level
Housewife
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Working - Part time
9. Monthly Income
Up to 10000
10001 to 25000
25001 to 50000
50001 to 75000
Above 75000
31 to 60 Liter/per year
55
Check all that apply.
Mustard Oil
Sunflower oil
Blended oil
Corn oil
other
13. In case of Multiple type of oil used, define specific usage/time period
56
14. Mark the relevance with brand
Check all that apply.
Saffola
Fortune
Tirupati
Ankur
Gulab
Vimal
Rani
Sunpride
Korn
Drop
Once in a month
Once in a 2 months
Once in 3 months
Once in 6 months
Annually
57
Mark only one oval per row.
Preference
500 Ml or
1L 5L 15 L 15 Kg for 15Kg Tin
Less
/ Tap Jar
Nearby Grocery
shop
Wholesale
Market
Mall/Hypermart
Online
Other
17. Did you Switch from one category of edible oil to another in last 3 years tenure? Please define
reason for the same.
58
Mark only one oval per row.
Cotton Soya
Mustard Sunflower Ground Blended Corn Rice
seed bean
Oil oil Oil oil oil Bran oil
oil oil
Daily
meals
Special
Dishes
( which
has
major
use of
oil )
Deep
Fries
Snacks
(
Farsan
)
Other
19. Reason - Why different type of oil are used for different application, if any
20. In last 3 years, please define on overall consumption of edible oil at your home.
59
Increased
As it is ( No Change )
Decreased
22. Do you feel ghee/butter/cheese have replaced some application of edible oil at your home?
Yes
No
Maybe
60
Purchase Process
24. How do you select Your Edible oil Brand. *
25. What are the factors influence you the most to select a brand. *
Past Experience
Advertisement and promotion
Reference from Family and Friends
Reference from experts like dietitian/ Gym Trainer
Suggestions from Doctors
Price and discounts
Suggestions from sales person / retailer
Other
26. Which family members have role in selection of edible oil brand
Family Members
Wife
Parents
Husband
Kids
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28. How would you check quality of Edible oil ?
Color
Aroma
Touch and feel (Stickiness)
Taste of Food
Freshness of food
Degradation of oil quality over a period of time.
29. Do you purchase cooking oil by online mode? Please Specify Reason. Also Define Pre-Covid and
Post Covid change. If any.
30. Do you agree that having celebrity in cooking oil advertisement impacts your brand selection?
Yes
No
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Brand Assessment
31. What are the top 3 brands do you recall for edible oil?
Check all that apply.
Saffola
Tirupati
Fortune
Gulab
Rani
Ankur
Vimal
Korn Drop
Sunpride
Other
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33. Since how long using this brand
1 to 3 years
3 to 6 years
7 to 10 years
more than
10 years
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35. Was there any switch from one brand to another brand. Please define which to which brand. Also
define reason for switching.
65
Mark only one oval per row.
First
Preference
for "Deep
Fried"
cooking is..
Health
advantages
Product
quality for
a longer
period of
time than
other
edible oils.
oval.
Agree
Disagree
38. What is your overall view on cottonseed oil? Also define perception of different brands available.
66
39. Are you satisfied with existing brand? if no, what are the area of improvement you are looking
for?
40. Which edible oil brand do you recall where you have observed any advertisement?
Check all that apply.
Saffola
Tirupati
Fortune
Vimal
Korn
Drop
Sunpride
Ankur
Rani
Gulab
67
42. What did you like about that advertisement?
43. What are your suggestions for an edible oil brand to become your favorite brand.
68
45. Please define brand 'Tirupati' in 3 words
Forms
69
Annexure 2 : Focus Group Discussion Guide
Name
Age
Family size
Education
Work profile of husband (or chief wage earner)
Income group
Place of residence (Name of area and city)
What type of cooking oil do you use at your Which brand of cooking oil do you use at
home? Since how long? your home? Since how long?
Which is the oil would you relate with the Which is the brand would you relate with
following words: the following words:
Taste o Taste
Health o Health
Deep-fry o Deep-fry
Freshness of food o Freshness of food
Lite oil o Lite oil
Cost-effective o Cost-effective
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Cottonseed oil:
What is your view on cottonseed oil vis a vis other types (parameters such as price, taste,
health benefits, etc.)?
Do you consider cottonseed oil for your day-to-day consumption? If not, please define the
reason.
Brand of oil
Which brands would you prefer for the following type of oil:
i. Groundnut oil - ________________
ii. Cottonseed oil - ________________
iii. Sunflower oil - ________________
iv. Mustard oil - ________________
v. Soya oil - ________________
vi. Corn oil - ________________
vii. Rice bran - ________________
What is your view on brand Tirupati oil vis a vis other brands (parameters
such as price, taste, health benefits, etc.)?
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Do you consider the brand Tirupati for your day-to-day consumption? If not,
please define the reason.
Please define three words that relate to the brand Tirupati – moderator to probe
i.
ii.
iii.
Select 3 most relevant keywords for the brand Tirupati from the list given
below?
How do you measure the quality of the oil? (such as Aroma, Color, Taste,
Stickiness, and Freshness of food. Degradation of oil quality over a period of
time “Oil Khoru Thai Jay Che”)
Which are the parameters would you consider during the selection of a brand
o Past experience
o Price and discount offer
o Packaging
o Availability
o Other: ______
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Who influences you to select a brand? (Such as family and friends, an expert
like dietitian / Gym trainers, doctors' suggestions, retailer or sales personnel,
advertisements, etc.)
What is the different influencer's role in purchasing oil for you? (Like family,
friends, Doctors, retailers, and Brand ambassadors)
Which brand advertisement do you recall? What did you like about this adv?
What message has it conveyed?
What is Ideal oil from your point of view on the below parameters?
o Colour - ____________
o Health benefits - _________________________
o Other features - __________________________
Case-2: If the type of oil you are using is not available in the same brand
which you are using,
o Will you shift to another brand to get the same type of oil or
o Will you switch the type of oil in the current brand?
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o Will you purchase the same brand? You can pay a premium up to what
price difference (in % or in absolute value).
Case-2: If the Brand of oil you are using is not available in the same type
of oil which you are using,
o Switch the type of oil in the same brand, or
o Switch brands in the same category of oil
Are you using the same type of oil throughout the year, or are you using oil
in rotations? Define reason.
How is your media consumption? (Approximately how much time you spend in a day on each)
74
Which Newspaper do you read? Why?
Which Newspaper among the following do you find the most aggressive and truthful?
o Gujarat Samachar / Divya Bhaskar / Sandesh / Others:______________
75