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This
is Parachute's first diversified product outside hair oil. And it
is not going to end here. According to category head Sameer Sathpathy,
Marico is looking at expanding its offering with a slew of male
grooming products. "The launch of Parachute's hair cream comes
with the fact that male personal grooming segment is just about
taking off. The category itself is in a nascent stage. The plan
is to grow with it. So, the focus is more long term and futuristic."
The
hair cream product is being launched pan-India, after a three-month
test marketing stint done in Mumbai. It is priced lower at Rs. 29
(50gm tube) and Rs 55 (100gm jar) as against rival Brylcream which
costs Rs 25 (50 gm tube) and Rs 65 (150 gm jar).
If one had to look at the market dynamics of the hair cream segment,
the total market stands at about Rs 200 - 250 million. Brylcream,
which is a heritage brand occupies 80 per cent of the segment. Interestingly,
former Indian wicket-keeper Farokh Engineer was a regular face in
the "Brylcream" advertisement in the 70s.
Parachute's 'After Shower Hair Cream' is being positioned as premium,
international as well as high on the hair nutrition content aimed
at offering solutions to everyday hair styling needs of men.
Speaking to Indiantelevision.com on the product's differentiating
proposition, Marico Industries chief marketing Saugata Gupta explains,
"The product is slightly different from the existing cream
products. It contains nutritious, sensorial and non-sticky factors
in tandem with the whole Parachute brand offering of healthy hair.
Also, we are looking at expanding the market as penetration levels
for hair creams are very low."
During the test marketing phase conducted in Mumbai, Parachute
'After Shower Hair Cream' picked up 25 per cent market share of
the hair cream segment, Gupta points out.
The product will be competing with all the variables in the post
wash space; be it hair styling gels or hair creams, the core TG
being young married men. Explains Sathpathy, "Our focus is
on the young unmarried men. We are positioning the product as a
look enhancer which generally is priority when men are playing the
mating game."
The nation media launch unveils on 26 March; with the metros and
middle metros being the core regions.
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