Around 2011, the deodrant market in India was ruled by big players like HULs AXE, Park Avenue and Nivea.
But in just 2 years, an unknown new brand Fogg entered & disrupted the market becoming the number 1 player.
Alll this with a simple consumer insight
A thread on Fogg 🧵
1986 - Darshan Patel without any formal education in marketing started running his family business, Paras Pharmaceuticals.
He created some great consumer brands like Moov, Ring Guard, Set Wet,
Dermi Cool and Dcold all of which became household names in India
2010 - Reckitt Benkiser Group bought over Paras Pharma for 850 million $ from Mr. Patel.
Armed with this new capital, Mr Patel setup Vini Cosmetics and started searching for the next big idea
Around that time,
deodrants were fairly popular among teenagers & young men. Given a lot of areas in India are hot & humid, deodrants had become an almost essential item used by men
HUL's AXE had the highest market share followed by Park Avenue & 7-8 other sizable players
2010 - Mr Patel himself got involved in direct user research. There seemed to be many brands that consumers knew about
One thing that stood out in the research was that a lot of people complained that their deos got over very fast
2011 - This particular complaint helped Mr Patel create the biggest USP for his product: a deodrant without gas.
Mr Patel created a pump for the deodrant which didn't need aerosol and pumps out only liquid. This was very unique compared and helped them live upto their USP
The product was launched in a smaller bottle than competitors signalling that it didn't contain any gas and had only deodrant spray unlike the competition products
2011 - In ads, communication repositioned the competition brands as having less liquid & more gas
because of which they didn't last long
Whereas Fogg promised 800 sprays per bottle. Tagline was bina gas wala deodrant. Ads communicated the USP very well
2011 - The concept was received very well by consumers who viewed it as a value for money product.
In its first year itself, it clocked sales of more than 100 crores capturing close to 10% of the market.
2013 - It dethroned AXE in just two years and became the market leader
2015 - One of the most memorable ads of the brand was launched symbolising the
domination of Fogg in Indian deo market was launched.
And became viral with usage in common discussions even till date
"Fogg chal raha hai"
2019 - Compared to the deodrant industry which grew at 12%, Fogg managed to grow at 20% CAGR hitting revenues of 1000 crores.
It has close to 20% market share in the category.
And Axe has fallen further to 3rd or 4th spots. Angels will fall 🤐
Backed by Mr. Patel's excellent consumer understanding, Fogg would most likely continue to rule this fast growing market in India for some time to come.
Btw, did you know FOGG stands for Friend of Good Guys/Girls 🙂
(w/a forward)
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Do you know that lions only succeed in a quarter of their hunting attempts — which means they fail in 75% of their attempts and succeeds in only 25% of them.
Despite this small percentage shared by most predators,
they don't despair in their pursuit and hunting attempts.
The main reason for this is not because of hunger as some might think but it is the understanding of the “Law of Wasted Efforts” that have been instinctively built into animals, a law in which nature is governed.
Half of the eggs of fishes are eaten... half of the baby bears die before puberty... most of the world's rains fall in oceans... and most of the seeds of trees are eaten by birds.
Blending Candles (Bull) -
Any series of candlestick can be summarized in a blend to improve understanding of what a trend means. This is especially true when reversal seems to be underway, but chaotic price movement within the blended candlesticks obscures the signals.
Blending is usually used to describe summaries of several days into a single candle; it can also be applied to shorter trade intervals during one session to create a blended version of the trend.
this is one of few topics which i discussed in our TA batch. #banknifty
on similar not u will see a hammer in nifty also.
though there is no need of blend when other candlestick gives u strong reversal signal.
Blending should be used more in sideways market where prices moves in choppy range and erratic candles forms. #Nifty
"not a recommendation, please do your own market research" - this line itself is biggest dhoka, everyone post their desired and invested stock(no doubt they must be good companies) and non stop rant these r good these r good, ek baar bola sahi h har din har waqt,
Its like force selling or marketting.
Disclaimer chipkao and keep posting.
In 2014 - 2015 sunpharma was also awesome company to invest.
15 years back itc was also good company to invest, tata motor was also good once.
U cannot say with certainity which is going to be best or
Worst.
Stock market is profitable just for one simple reason - its unpredictable.
Treasure is not where eveyone eye is.
For retail - better be dumb rather than try to outperform.
No one in crash will come to rescue - the only statement which people can give is -
What will be impact on earnings of mid cap and small cap companies after sebi order?
Okay so few people will start judging without understanding why i asked? So i will ask webinar members to tell what i explained to them few min back on this sebi move..
Price in stock market moves basically due to two things
A) liquidity push
B) earning push
To make it more easy i will use this formulae which most of you are aware of -
Price of asset= pe*earnings.
So price can increase by either increase in pe or earnings.
Pe is nothing but
1 min - tik tok.
1 hour - youtube.
The bigger gambler = the less time frame u will use.
Smaller time frame reduces ur attention span.
U get anxious immediately in 4 5 or say 15 20 min if move doesnt come also a slight %ge fluctuation in small time frame looks big which again play
With pshychology of a trader.
Now come to scalping part - 1) how many scalper have u seen going big or have ever scaled up big in long run, i have seen no one. 2) its just like a bad habit which will never let u ride big moves even when trend is clear and one sided as you become