Brands
‘Enormous opportunity’: Brands upbeat about TV advertising in 2021
MUMBAI: It would be safe to conclude from the BARC TV Universe 2020 figures that television remains our favourite form of video entertainment across India. The report, which showed that the number of TV viewers had gone up by more than 50 million to 892 million in the last couple of years, highlights how the power of television and consequently, television advertising remains steadfast and there’s nothing to halt its run! Little wonder then that advertisers are ready to bet big bucks on this old-fashioned medium. As these growing numbers prove, the ‘idiot box’ has proven remarkably resilient in an era of immense disruption, despite the threat of pandemic and emergence of new SVoD platforms.
At the virtual panel discussion The Television Boardroom- organised by Indiantelevision.com Friday, brands across sectors ranging from F&B to automobiles spoke about the whys and hows of TV still taking the biggest slice of the advertising pie. The panel, moderated by Indiantelevision.com's Anil Wanvari comprised Kotak Mahindra Bank’s Elizabeth Venkataraman, PepsiCo India’s Om Jha, id Fresh Food’s Rahul Gandhi, ITC’s Sanjay Singal and Maruti Suzuki India’s Shashank Srivastava.
Brands buoyant about 2021
While the uncertainty and turmoil caused by the pandemic leading to a virtual halt of film and television shoots in the country was a dampener, marketers remained optimistic about prospects of advertising on television, especially as compared to 2020. The panel tried to explore the mindsets of the TV-viewing consumers and also shared what their expectations from the medium are.
Kotak’s Venkataraman made note of the unusual consumer viewing behaviour in the year gone by, which needed to be watched carefully to learn whether it sustains going ahead, as we come out of the pandemic. So while all agreed that TV viewership will be higher than 2019, there was a doubt on whether the levels that we see now would continue going ahead, with lockdowns being phased out and work and life calling.
Srivastava shared his data on projections for TV ad spend in 2021 which are 12 to 13 percent higher than previous year’s. Overall hope and optimism from this year was that it will not be an out and out disruptive year like the year before. With expectations from vaccination drives and/ or herd immunity impact, the world is expected to settle in by mid-2022. Consequently, both viewership and marketer’s spending should improve this year on, was the general opinion.
Role of branded content & impactful advertising
Discussions also revolved around the roles branded content and impactful advertising can play in upping the television adex game. ITC’s Singhal spoke about its tie-up with Star during the pandemic called ITC Masterchef, which had insights from five star hotel chefs on how to cook up five-star-like fare, using ingredients already available in one’s kitchen. This got a lot of mileage, so there is definitely a space for branded content, but the need has to be there first, or it could fall flat, he felt.
TV advertising consists of very short formats of 30-odd-seconds slots, hence to convey a larger picture of what the brand wants to talk about, branded content could help weave a brand story within the content very subtly so that the brand appears organically to the viewer. Brand integration can make it more relatable, without making it look like marketing -oriented.
Brand association, integration and branded content gives one extra arsenal to marketers to push your product and gain brand recall, while telling the story of the brand, Srivastava said.
However, contextual or relevance value along with understanding consumer’s needs is crucial for branded content to succeed. So, while TV offers the opportunity, for a brand to make it work is the challenge. That fear needs to be addressed for investment to come in this area. The impact also needs to be felt in numbers for it to be feasible.
TV stands out for marketers with its impact and reach, and with third party organisations like BARC doing the measurement for the brand on TV modelling analytical capability on television has evolved to a different level. All the impactful advertising in IPL is a case in point – brands associated with IPL 2020 have become household names. Srivastava cited the IPL viewership touching a high of 400 billion viewing minutes in 2020. “There is no debate on the glory and size of TV advertising’s impact” stated Kotak’s Elizabeth.
Alongside hard data it is also heavily intuitive, while being dependent on the brand objective. Hence there is also a role for a marketer’s gut instinct alongside the measurable impact was agreed overall.
On looking at sports content beyond cricket
Nothing beats or even comes close to cricket when it comes to sports in India is unanimously accepted. For television or brands to pick a sport and develop it, the nation must first adopt that sport, opined Jha. He cited instances to prove his point. Sony has been broadcasting football leagues for ages, while Star did a fantastic job with pro-kabaddi but the viewership is nowhere comparable to that of cricket.
Panelists concurred that brands have been shy of investing in other sports for the same reason, unless it’s a niche region. There were hopes from Football and Kabaddi in this context. Maruti Suzuki is eyeing football as the next massy sport to look forward to in TV advertising, Srivastava shared. Venkataraman deemed Kabaddi as a local sport and also showed promise. There was a feeling that building up hype and hoopla around a sport league could help the sport, as transpired with kabaddi.
All said and done, TV remains the best pick for a marketer today in India for ROI. And while it may not always be cheap, it is cost efficient for the kind of scale and resilience that the medium offers.
Also, with television reinventing itself by evolving into smart TVs, which can be connected to the home Wi-Fi or an Amazon firestick, it will continue to remain relevant to consumers and the viewership can only grow from here. And with 90 million households yet to own a TV set in India, according to BARC data, that indicates enormous opportunity for brands in times to come.
Brands
Ujjwal Jain steps down from PhonePe’s Share.Market to start new chapter
Founder behind WealthDesk and OpenQ exits after decade-long fintech journey
BENGALURU: Ujjwal Jain, the entrepreneur behind platforms such as WealthDesk and OpenQ, has stepped down from his role as chief executive of Share.Market, the investing platform backed by PhonePe, marking the end of a decade-long journey in India’s capital markets space.
In a reflective note, Jain described his journey from launching WealthDesk in 2016 to building a broader ecosystem that eventually became part of PhonePe. Over the years, his ventures focused on bringing data-driven investing tools and model portfolios closer to retail investors, a space that has seen rapid evolution alongside the rise of discount broking.
WealthDesk introduced curated “WealthBaskets” to simplify portfolio investing, while OpenQ expanded access to quantitative research and analytics. Both platforms were later acquired by PhonePe, forming the backbone of Share.Market, which Jain helped scale as a mass-market investing product.
Calling the experience “brutal” yet deeply fulfilling, Jain credited colleagues, investors and industry partners for shaping the journey, highlighting the role of the PhonePe team in building Share.Market into a large-scale platform.
His exit comes at a time when artificial intelligence is beginning to reshape financial services globally. Jain indicated that his next move will focus on this shift, hinting at a renewed push into the intersection of AI and capital markets.
Prior to his entrepreneurial stint, Jain worked with MSCI Inc. on index products and technology, and with D. E. Shaw India Financial Services in algorithmic trading and high-frequency systems.
While he has not disclosed specifics of his next venture, Jain framed the move not as a departure but a reset, signalling that his next chapter will aim to tackle even larger challenges in India’s evolving investment landscape.
With one chapter closed and another underway, the focus now shifts to what Jain builds next in an increasingly AI-first financial world.
