Professional Documents
Culture Documents
SUBMITTED BY:
T HE BACHELOR OF MANAGEMENT
SUBMITTED BY:
T HE BACHELOR OF MANAGEMENT
BMS Semester VI has undertaken & completed the project work titled
To list who all helped me is difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channels and fresh
dimension in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me a chance to do
this project.
I would like to thank Principal Dr. POONAM SINGH for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our Coordinator ASSIST PROF. PRACHI THAKUR
Lastly I would like to thank each and every person who directly or indirectly help me in
the completion of the Project, especially my Parents and Pears who supported me
throughout my Project.
CONTENTS
Topic or Chapter Page No.
Chapter -1 2-9
1. Company profile of L’ORÉAL
2. Mission and Vision of L’ORÉAL
3. Board of Directors
4. History of L’ORÉAL
Chapter -2 10-10
Objectives of L’ORÉAL
Chapter -3 11-23
1. Products of L’ORÉAL
CHAPTER -4 24-26
Research and Methodology of L’ORÉAL
Chapter -5 27-33
a. Data Analysis and Interpretation
Chapter- 6 34-39
Marketing Strategies of L’ORÉAL
Chapter -7 40-41
Swot Analysis of L’ORÉAL
1. Limitations of the study 42-44
2. Findings
3. Suggestions
Conclusion 45-45
Bibliography 46
Questionnaire 47-47
CHAPTER-1
L’Oréal is the world’s largest cosmetics company; present in over 130 countries with 66,600
employees world-wide. The company had a turnover of 19.5 billion Euros in 2010.
The company has been present in India for close to 20 years and in 2009 celebrated its global
centenary. Today, L’Oréal India is one of L’Oréal’s fastest growing subsidiaries and employs
over 1000 people across six sites including: four regional offices, a factory in Chakan, Pune and
its headquarters in Mumbai.
In India, L'Oréal brands are present in the following four main categories:
CONSUMER PRODUCTS
L’Oréal Paris
Garnier
LUXURY PRODUCTS
Lancôme
1
Kiehl’s
Ralph Lauren
PROFESSIONAL PRODUCTS
L’Oréal Professional
Matrix
Kérastase
Kéraskin Esthetics
ACTIVE COSMETICS
Vichy
La Roche Posay
MANUFACTURING PLANT
In addition to the head office in Mumbai and regional offices in New Delhi, Bangalore, Chennai
& Kolkatta, L'Oréal India also operates a manufacturing plant and distribution centre located in
Chakan, Pune. Set up in 2004, this factory has been awarded the international certifications of
ISO 14001, ISO 9001-2000 AND OHSAS.
The Chakan plant specializes in the manufacture of hair-colour, hair care and skin care products,
producing 190 million units under the strictest of standards.
The L'Oréal Group is the world's largest cosmetics and beauty company. With its registered
office in Paris and head office in the Paris suburb of Clichy, Hauts-de-Seine,France, it has
developed activities in the field of cosmetics. Concentrating on hair colour,skin care, sun
protection, make-up, perfumes and hair care, the company is active in thedermatological, tissue
engineering and pharmaceutical fields and is the topnanotechnology patent-holder in the United
States.[
2
MISSION AND VISION
For more than a century, L’Oréal has devoted itself solely to one business: beauty. It is a
business rich in meaning, as it enables all individuals to express their personalities, gain self-
confidence and open up to others.
Beauty is a language.
L’Oréal has set itself the mission of offering all women and men worldwide the best of cosmetics
innovation in terms of quality, efficacy and safety. It pursues this goal by meeting the infinite
diversity of beauty needs and desires all over the world.
Beauty is universal.
Since its creation by a researcher, the group has been pushing back the frontiers of knowledge.
Its unique Research arm enables it to continually explore new territories and invent the products
of the future, while drawing inspiration from beauty rituals the world over.
Beauty is a science.
Providing access to products that enhance well-being, mobilising its innovative strength to
preserve the beauty of the planet and supporting local communities. These are exacting
challenges, which are a source of inspiration and creativity for L’Oréal.
Beauty is a commitment.
By drawing on the diversity of its teams, and the richness and the complementarity of its brand
portfolio, L’Oréal has made the universalisation of beauty its project for the years to come.
3
GROUP PROFILE
4
BOARD OF DIRECTORS
JEAN-PAUL AGON
Chairman and CEO
Jean-Paul Agon's career is like the man himself: energetic, unwavering and constructive, always
leading to tangible results. With a background spanning a wide range of environments,
challenges and responsibilities, he has forged leadership skills underpinned by key expertise: in-
depth knowledge of how the company works, an international approach and a global vision of
major challenges ahead.
Born in France in 1956, Jean-Paul Agon joined L’Oréal in 1978after graduating from HEC
international business school. A man with an affinity for marketing, especially in cosmetics, and
an awareness of the importance of "psychology and culture", his professional expectations
matched the characteristics of L'Oréal, an international group promoting freedom to pursue new
ideas and giving its employees the chance to quickly prove themselves.
After a brief stint as product manager for the Consumer Products division in France, he was
appointed General Manager of L'Oréal Greece, where he spent four years turning around a tough
situation and laying the foundations of a solid business.
5
In 1985, he returned to France as General Manager of L'Oréal Paris, where he oversaw a number
of key launches and major successes, including Studio Line, Plénitude and Elsève.
AN INTERNATIONAL CULTURE
In 1994, Mr Agon left France to take up a new challenge as Managing Director of L'Oréal
Germany, where he played a key role in dealing with issues related to European markets, at the
time suffering a slowdown in growth. The absorption of German cosmetics company Jade, later
teamed up with Gemey, gave him his first taste of major acquisitions.
In 1997, L'Oréal Chairman and CEO Lindsay Owen-Jones entrusted him with the task of setting
up and heading the L'Oréal Asia Zone in the midst of a full-blown economic crisis. No mean feat.
Lending fresh impetus to these still-emerging markets meant creating subsidiaries in a number of
countries, setting out relevant strategies, stepping up investment and recruiting a new generation
of local talent. Mr Agon played a predominant part in developing these huge drivers
for future growth.
In 2001, a new chapter in his career began, when he was named President of L'Oréal USA,
leading a drive to win market share across every category in a highly competitive environment. It
was during this time that Garnier launched its hugely successful Fructis range.
In 2006 Jean-Paul Agon has been Chief Executive Officer of L’Oréal since 2006. A man of
action, he instils in the group the energy, rigour and vision needed to successfully tackle the
challenges of the third millennium; a man of conviction, he channels that same passion into
promoting L'Oréal's ethical values, making the company a model of corporate citizenship.
On March 17th 2011, Jean-Paul Agon has been appointed as Chairman and CEO.
6
HISTORY
In 1909, Eugène Schueller, a young French chemist, developed a hair dye formula called Auréale.
Schueller formulated and manufactured his own products, which he then sold
to Parisian hairdressers.
On 31 July 1919, Schueller registered his company, the Société Française de Teintures
Inoffensives pour Cheveux (Safe Hair Dye Company of France). The guiding principles of the
company, which eventually became L’Oréal, were research and innovation in the field of beauty.
In 1920, the company employed three chemists. By 1950, the teams were 100 strong; that
number reached 1,000 by 1984 and is nearly 2,000 today.
L’Oréal got its start in the hair-color business, but the company soon branched out into other
cleansing and beauty products. L’Oréal currently markets over 500 brands and many thousands
of individual products in all sectors of the beauty business: hair colour, permanents, hair styling,
body and skin care, cleansers, makeup and fragrances. The company's products are found in a
wide variety of distribution channels, from hair salons and perfumeries to hyper - and
supermarkets, health/beauty outlets, pharmacies and direct mail.
From 1988 to 1989, L’Oréal controlled the film company Paravision, whose properties included
the Filmation and De Laurentiis libraries.StudioCanal acquired the Paravision properties in 1994.
L’Oréal purchased Synthélabo in 1973 to pursue its ambitions in the pharmaceutical field.
Synthélabo merged with Sanofi in 1999 to become Sanofi-Synthélabo. Sanofi-Synthélabo
merged with Aventis in 2004 to become Sanofi-Aventis.
On 17 March 2006, L'Oréal purchased cosmetics company The Body Shop for £562 million.
L'Oréal's famous advertising slogan is "Because I'm worth it". In the mid 2000s, this was
replaced by "Because you're worth it". In late 2009, the slogan was changed again to "Because
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we're worth it" following motivation analysis and work into consumer psychology of Dr. Maxim
Titorenko. The shift to "we" was made to create stronger consumer involvement in L'Oréal
philosophy and lifestyle and provide more consumer satisfaction with L'Oréal products. L'Oréal
also owns a Hair and Body products line for kids called L'Oréal Kids, the slogan for which is
"Because we're worth it too".
In 1987, L'Oréal and 3 Suisses founded Le Club des Créateurs de Beauté specialising in mail
order sales of cosmetic products. In March 2008, L'Oréal acquired 3 Suisse's stake, taking sole
control of the company.
In November 2012, L'Oréal inaugurated the largest factory in the Jababeka Industrial Park,
Cikarang, Indonesia, with a total investment of US$100 million. The production will be absorbed
25 percent by domestic market and the rest will be exported. In 2010 significant growth occurred
at Indonesia with 61 percent increase of unit sales or 28 percent of net sales.
8
CHAPTER-2
OBJECTIVE
9
CHAPTER-3
PRODUCT PROFILE
1. SKIN CARE
2. MAKE UP
3. HAIR COLOUR
4. HAIR CARE
5. FOR MENS
L'Oreal Professionnel Serie Expert Absolut Repair Cellular Repairing Shampoo for Very
Damaged Hair (250 ml)
Rs. 500
10
L'Oreal Professionnel X-tenso Care Straight Shampoo (230 ml)
Rs. 525
11
L'Oreal Professionnel Serie Expert Liss Ultime Shampoo (250 ml)
Rs. 500
L'Oreal Professionnel Serie Expert Absolut Repair Cellular Repairing Masque for Very
Damaged Hair (200 ml)
Rs. 600
L'Oreal Professionnel Serie Expert Liss Ultime Polymer AR Smoothing Masque for
Unmanageable Hair (200 ml)
Rs. 600
12
L'Oreal Professionnel Serie Expert Force Vector Shampoo (250 ml)
Rs. 500
L'Oreal Professionnel Serie Expert Liss Ultime Shine Perfecting Serum( 125 ml)
Rs. 580
13
L'oreal Professionnel Expert Serie - Instant Clear Purifying Anti-Dandruff Shampoo (250 ml)
Rs. 500
L'Oreal Professionnel Serie Expert Absolut Repairing Treatment Serum (50 ml)
Rs. 580
14
L'Oreal Professionnel Serie Expert Absolut Repair Conditioner (150 ml)
Rs. 475
15
L'Oreal Professionnel Mythic Oil Masque (200 ml)
Rs. 800
16
L'Oreal Professionnel Serie Expert Pure Resource Shampoo( 250 ml)
Rs. 500
17
L'Oreal Professionnel Serie Expert Vitamino Color Incell Hydro-Resist Color Protecting
Shampoo (250 ml)
Rs. 500
L'Oreal Professionnel Tecni Art Hair Mix Spiral Splendour Nutri Control Cream for Dry Curly
Hair (150ml)
Rs. 550
18
L'Oreal Professionnel Tecni Art Hair Mix Sublime Shine Anti Frizz Serum for Dry Hair (125 ml)
Rs. 600
L'Oreal Professionnel Tecni Art Hair Mix Supreme Smooth Nutri Smoothing Cream for Dry
Hair (200 ml)
Rs. 600
19
L'Oreal Professionnel Homme Force 3 Sculpte Sculpting Fibre Paste (150 ml)
Rs. 575
20
L'Oreal Professionnel Tecni Art Full Volume Mousse (250 ml)
Rs. 580
L'Oreal Professionnel Homme Cool Clear Anti Dandruff Shampoo (250 ml)
Rs. 550
L'Oreal Professionnel Liss Control Plus Tecni Art Serum (50 ml)
Rs. 525
21
L'Oreal Professionnel Serie Expert Combo
Rs. 1680
L'Oreal Professionnel Serie Expert Liss Ultime Thermo Smoothing Oil (50 ml)
Rs. 580
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CHAPTER-4
RESEARCH METHODOLOGY
Meaning of research
Research in common parlance refers to a search for knowledge. Once can also define search as a
scientific and systematic search for pertinent information on a specific topic. Infect research is an
art of scientific investigation. The advanced learner’s dictionary of current English lay down the
meaning of research as “A careful investigation or inquiry specially through search for new facts
in any branch of knowledge.”
This inquisitiveness is the mother of all knowledge and the method which man employs for
obtaining the knowledge of whatever the unknown can be termed and research.
It is the science that tells the method of doing research.it mainly consist of following steps;
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RESEARCH DESIGN:
Considering the objectives of the study and also the importance of the decision it
was decided to undertake an exploratory survey.
Data collection:
1. primary data-primary data are those which are fresh and collect for the first time and
thus happen to be original character.
2. Secondary data-It is the data that is already been collected by someone else.
In this survey I used both primary and secondary data. All information collected through
questionnaire.
Data sources:
Questionnaire
The sources of collection of secondary data are:
Books
Websites
Magazine
Brochure
Analysis and interpretation:
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manner. The data collected by questionnaire was analyzed, interpreted with the help of
table, bar chart and pie chart.
Sampling plan
It is very difficult to collect information from every members of population as time and cost are
the major limitation that the researcher faces a sample 30 was taken the sample size of 30
individual where selected on the basis of convenient sampling techniques. The individuals were
selected in the random manner form sample and data were collected from research study.
Sampling can save time and money. a sample study usually less expensive than a sensus
study and produces result at a relatively faster speed.
Sampling remains the only way when population contain infinitely may members.
Sampling remains the only choice when a test involves the destruction of the items under
study.
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CHAPTER-5
YES NO
85% 15%
According to survey we find that 85% of customers are aware about L’ORÉAL while 15%
are not.
26
Q2. Have you owned any product of L’ORÉAL?
YES NO
40% 60%
According to survey we find that 40% of customers are owned a product of L’ORÉAL
while 60% are not.
27
Q3. Which product of L’ORÉAL do you basically use?
According to survey we find that 28% of customers are used SKIN CARE, 35% customers
use MAKE UP, 5% customers use HAIR COLOUR, 15% customers use HAIR CARE
while 17% customers used FOR MEN.
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Q4. Are you satisfied with the product and price of L’ORÉAL?
YES NO
88% 12%
According to survey we find that 88% of customers are satisfied with product and price of
L’ORÉAL while 12% are not.
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Q5. Rate the product about your satisfaction?
GOOD 52%
VERY GOOD 20%
EXCELLENT 18%
POOR 10%
According to survey we find that 52% of customers are likely to says that its Good, 20%
customers says its Very Good, 18% customers says its excellent while 10% says its Poor.
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Q6. By which source you come to know about L’ORÉAL?
T.V 58%
NEWSPAPER 15%
HOARDINGS 10%
MOUTH OF TONGUE 17%
According to survey we find that 58% of customers are come to know by T.V, 20%
customers says by Newspaper, 10% customers says by Hoardings while 17% says by
Mouth of tongue.
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Q7. Did you aware about Promotional policies of L’ORÉAL?
YES NO
65% 35%
According to survey we find that 65% of customers are aware about promotional policies while
35% are not.
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Q8. You use L’oreal products?
33
Q9. The variant of L’oreal that you use is available at?
34
Q10. The price you pay for the L’oreal product is?
35
Q11. Alternative brand you prefer for the hair care.
36
Q12. How do you find L’oreal products?
37
Q13. You do not use L’oreal because of?
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CHAPTER-6
To start with, the company is planning to develop new technologies and products at its new
research and innovation centre in India. In January this year, L’Oréal inaugurated this centre in
Mumbai. To woo the Indian middle class, L’Oreal India is introducing its products in smaller
packs at affordable price points. As part of its retail strategy, the company is launching a slew of
initiatives to gain high visibility for its products in Indian markets.
On the company’s strategy, Satyaki Ghosh, director (consumer products division), L’Oréal India,
said: “Our R&I centre has a dual mission: to adapt the technologies developed by the worldwide
centres to meet the expectations of Indian consumers. And, we are looking at green field projects
— from ideation to implementation of projects and designing new technologies and products at
our centre.” The R&I centre in India is the L’Oreal Group’s sixth R&I hub globally. The L’Oreal
Group plans to invest a total of 140 million euro (R970 crore) in India from 2011 to 2016.
To reach out to a wider audience, L’Oreal India is now sharpening its focus on mass market
strategy in competitive markets. ‘’We are seeing the emergence of a large middle class. We are
creating smaller packs to go deeper in India. At affordable prices, consumers can now get high-
end products,” said Ghosh.
The company has introduced its brand ‘Garnier Colour Naturals’ in small economy packs and
single use packs across the country.
“We have launched Garnier Colour Naturals in smaller packs at R59. The original pack costs
R159,” said Ghosh. In line with this strategy, the company has also launched R25 tubes of face
wash and shampoos in sachets priced at R1.50.
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The company is currently hosting visibility-related activities with modern trade as well as
general stores.
“We are running a programme called ‘Dominance’. When we go to a new town, we take some
retail space in markets and put up pictures of brands and its celebrity endorsers.
Education
L'Oreal Paris is a trusted brand. The company boasts high brand loyalty and terrific repeat
business. Once a female consumer finds a makeup or beauty product that she likes, she tends to
stick with it. This opens L'Oreal Paris up to a whole host of content marketing opportunities
around education. How-to videos, DIY, and providing facts to consumers are essential ways the
brand promotes itself to its customers, all while providing useful information and attracting new
fans.
Empowerment
L'Oreal is all about empowering its customers. The company promotes itself as more than just a
cosmetic and beauty brand but as a source of strength and confidence for its consumers. L'Oreal
is vigilant about making sure its content empowers customers and leaves them with a positive
outlook toward the brand.
Aspiration
By sponsoring events such as the Golden Globes and Project Runway, L'Oreal has positioned the
brand as trademark for aspiration. The glamor of an awards event or the high prominence of a
fashion show are perfect places for L'Oreal to insert and establish itself as the product to
purchase if you want to improve yourself and reach higher goals for health and beauty.
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Company’s Strategy To Tap The Indian Market
The majority of Indians still shop at small neighborhood outlets rather than at supermarkets and
this would require the company to pursue an innovative retail strategy. It has experimented with
selling products in cheap, individual sachets for a few rupees, and believes it currently has
presence across 750,000 small shops nationwide. ((L’Oréal unveils new Research & Innovation
center in India, L’Oréal Finance, January 2013))
It has also used its Garnier product range to develop a special range of products that use Indian
ingredients and is testing makeup products to expand beyond hair and skincare categories. A
local research center will help the company further cater to the local tastes while tapping the
cheap human capital which could be used to develop products for other markets. Besides
localized products, the company is also experimenting with a dual pricing strategy which will
help it differential its prestige brands.
Backed by these initiatives the company India operations grew at +20% last year when India’s
economy growth slowed down from 10% to 7%. ((L’Oréal unveils new Research & Innovation
center in India, L’Oréal Finance, January 2013))
We believe that the initiatives by the company cater to the price conscious nature of the Indian
population, and they could drive long term growth given the low proliferation of high-end
cosmetics in the market, the market size and increasing disposable income of the middle class.
The company expects India to be among its biggest markets by 2020. This would require
substantial revenue growth from India which currently contributes about 1% of its total
worldwide revenues. The company plans to quadruple its turnover in India by 2020 and the
recent investments are to support this target.
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L’Oréal estimates the annual spending per head on beauty products in India to grow from US$4
to US$13 by 2025 and a product portfolio customized to the Indian needs will help the company
capture a majority share of the growing middle class. A growth in the company’s market share
in India would be instrumental in the company attaining its target of 1 billion new
customers. ((L’oreal’s CEO Discusses Q4 2011 Results – Earnings Call Transcript, Seeking
Alpha, February 2012))
Two decades of trials have placed L'Oreal high in the Indian beauty market. But with still low
penetration levels and cut-throat competition, where are the company's next opportunities
In business, as in life, it’s important to be in the right place at the right time – and that’s clearly
been the aim of French cosmetics giant L’Oreal in India.
For nearly two decades, the owner of brands like Maybelline, L’Oreal Paris, Lancome and
Garnier tried and tested a variety of innovation and marketing strategies that appear to have paid
off. Today, L’Oreal reportedly has 41.5 per cent share of the market in India for hair conditioner,
around 20 per cent for hair colouring products, and 6.5 per cent and 4.6 per cent for the skincare
and shampoo markets respectively. Meanwhile, it is the country’s leading player in the salon
products sector.
Innovating for a local market, both with product and pricing, as well as an aggressive marketing
strategy, have proved particularly effective, says Dinesh Dayal (MBA ‘84J), L’Oreal India’s
chief operating officer. “It’s really a mixture of intuition, hard market research and the power of
our global R&D which yielded the right kind of innovation.”
Going local
For its consumer products brands Garnier and L’Oreal Paris, adapting to local culture and
preferences has been critical. “Increasingly our blockbusters have been India innovation-led
products,” Dayal told INSEAD Knowledge in an interview. For instance, Garnier redesigned its
Excellence hair-colouring product that involved more manual work to mix the dye. But at a
quarter of the international retailing price, it meant new consumers were more willing to buy the
product. Other successes include an oil-based shampoo, Garnier Fructis Shampoo + Oil, to match
42
the frequent use of hair oil, as well as products for previously-dormant segments such as anti-
wrinkle creams and men’s skincare. Apart from ‘Indo-vation’, as Dayal calls it, creating brand
awareness using movie idols in television commercials proved crucial to gaining a strong
foothold. “Television [in India] is here to stay,” observes Dayal. “It’s flourishing, and advertising
on TV with a very good ambassador will continue. New media will add on as niche as the
country evolves.”
In 1997 when it launched its professional products division, L’Oreal targeted a largely
unstructured hairdressing industry to market and sell its salon brands -- L’Oreal Professional,
Kerastase and, more recently, Matrix. The company sought to educate salon owners and stylists,
and opened five regional training centres. It launched the International Hairdressing Academy in
2006 in Mumbai that offers basic and advanced styling instruction, and regularly invites
international stylists to conduct workshops and seminars.
In the emerging markets, product penetration is low, providing generous room for growth.
“There’s a huge growth and a desire to consume,” says Dayal. “Even within segments that have a
lot of usage like shampoos, there is a desire to upgrade to performing products.” What’s also
interesting, he adds, is that it’s not just within one section of the population.
L’Oreal launched its luxury products division three years ago, with Dayal at the helm of the
fledgling operation. Boasting brands like Lancome, Giorgio Armani and Yves Saint Laurent, the
group has seen strong growth in the luxury sector of between 25 and 30 per cent, he explains.
“There’s no one India,” said Dayal. “It’s a heterogeneous market and each one has its own
preferences. On all fronts, the growth is very high.” Consumer goods are also showing healthy
growth rates of about 15 percent, he adds.
Segmenting markets
The underlying picture is much more complex, however, according to Paddy Padmanabhan,
INSEAD professor of marketing. Luxury products may be selling in India’s cosmopolitan cities
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like Delhi, Mumbai and Bangalore, but their small customer base also makes them highly
competitive markets, whether for cosmetics, fragrances or accessories. The greater opportunities,
Padmanabhan elaborates, are in the second-tier cities like Ahmedabad and Aurangabad, for
example, which are growing very fast but lack access to luxury products and services.
Additionally, there is a very large opportunity in the middle market where consumers want to
consume but not at very high price points, a challenge for international players like L’Oreal that
face “brutal competition” from successful local brands like Marico and Dabur India and
consumer goods giant Hindustan Unilever.
“Innovation is not just about new products,” says Padmanabhan. “It’s all across the spectrum
with your processes, your back operations, your business model and organisation. Dayal’s
observation on this is right on the money. In fact, this is an imperative in the extremely
competitive Indian marketplace.”
L’Oreal set up its wholly-owned Indian subsidiary operation in 1994 with the launch of its
Garnier Ultra Doux shampoo products. It was around the time when television viewing in India
exploded and Indian women came to the forefront in international beauty pageants -- two events
that stirred consumer interest in cosmetics, explains Dayal. But tangible changes were visible
only five to seven years ago when women began joining the workforce in droves. Disposable
income and exposure to a globalised culture became key turning points.
Dayal acknowledges the challenges that lie ahead with innovating new products, supply chain
automation, knowledge of smaller markets, organisational challenges and maintaining the
company’s global culture.
“[We] are a $200 million company and the fastest-growing subsidiary in the L’Oreal group,”
says Dayal. “We sometimes feel we are at the beginning so that puts us in a very confident
mood.”
44
CHAPTER-7
SWOT ANALYSIS
L'Oréal Paris
Sector FMCG
SWOT Analysis
45
perfumes and hair care, the company is active in the
dermatological and pharmaceutical fields and is the top
nanotechnology patent-holder in the United States
6. L’Oréal has operations in over 130 countries and over 4o
manufacturing plants
1. Growing market that ranges from the affluent, the aging and
also the masses of the developed countries
2. Greater market share because of the numerous patents
Opportunity registered by the Company.
Competition (main)
1.Revlon
2.Chambor
Competitors 3. Lakme
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FINDINGS
CONSUMER RESEARCH:
Consumer research deals with consumer and their problems
and solution to the problems. In this I came to know about the consumers need and
expectation levels regarding products and ascertainable levels of consumer satisfaction.
PRODUCT RESEARCH:
Under product research I came to know about the
modification which consumers wants as Rates of LOREAL products are very high so the
middle class cant afford it.
ADVERTISING RESEARCH:
Under this I have concluded that whether the advertisement
appeals the consumers or not. This also includes evaluating and selecting the proper
media-mix and measuring advertising effectiveness.
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LIMITATIONS OF STUDY
The time given was not sufficient as only one person had to conduct the survey.
The exact thinking of the respondents cannot be found out could be one of the
limitations.
Customers cant not correlated while filling up Questionnaire.
Findings are made with in the limited Information & views of the respondents. So a
chance of bias information is not totally eliminated.
Area of survey is small.
Customers were not cooperative.
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SUGGESTIONS
49
CONCLUSION
The present study comes to the floor with the revelations having exciting and full
of curiosity determinants in relation to the specified objectives to understand and analyze the4P
aspects of marketing for Loreal. Further the study helped in identifying the reasons which stops
the customers to buy Loreal Products over other products and to understand customer Brand
knowledge with regard to Loreal. As the study has been conducted, inthe context of Indian
customers, the investigation perspectives have been thrown, conditioning the specified motives
of Indian people, putting aside the motives outside India. The research conducted was also
helpful in identifying the frequency of purchase and usage of the Loreal products.
It is concluded that working nature of LOREAL is of such kind that they. Always give
first priority to their customers, which make them distinct from the rest Therefore that is why the
customers are increasing day by day. The proof of success is that LOREAL is flourishing quickly
in the world. LOREAL promises that it is the sole company that gives good experience to the
customers.
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BIBLIOGRAPHY
Books:
Magazines
Business India
India Today
Business Today
Newspapers
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QUESTIONNAIRE
Name:- Age:-
a. Yes b. No
a. Yes b. No
Q4. Are you satisfied with the product and price of L’Oreal?
a. Yes b. No
a. Yes b. No
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a. Regularly b. Rarely c. Sometime d. Never
Q10. The price you pay for the L’oreal product is?
53
54