Summer Project Report
Summer Project Report
Summer Project Report
INTRODUCTION
INTRODUCTION:
An entry level position under VTU in fourth semester MBA gives splendid open
door for an understudy to explore to the corporate and which provides actuality in
comprehension and put on handily segments in the field of promoting. Entrance
level position around 6 weeks on effectiveness of sales promotion topic in GRB
Dairy Food PVT Ltd. Bangalore city given a chance to be a business official in the
field and given a huge joy of considerate the idea of employment. The ultimate
target of the examination is knowing the practicality of dispersion arrange and to
know the nature of administration, for example, conveyance time, stick accessibility,
credit arrangement and different parts of merchant and retailer fulfilment. An
assignment channel is set of cover ward attachment required in the midst of the time
spent making associations open for utilize or use.
INDUSRTY PROFILE:
The quick buyer products FMCG industry or purchases bundled merchandise (CPG)
industry is mostly liable for creating, appropriating and advertising quick shopper
products. the FMCG business area in the Indian economy. Family and singular
through addresses half of the arrangements in the business, medical care represents
31-32% and food and drink represents the excess 18-19%.
Over the most recent 10 years, the income in FMCG industry in India has been
developing at the pace of 21.4%. There was an exceptional change in incomes in
FMCG area developing from US$ 31.6 billion to US$ 52.8 from 2011 to 2017-2018
separately. FMCG industry in India is required to develop at the pace of 27.9%
CAGR (Compounded Annual Growth Rate) to aggregate to US$103.7 billion by
2020. Moreover, the provincial FMCG market is projected to develop at a CAGR of
14.6% to arrive at US$100 billion by 2020 and US$220 billion by 2025. The country
setting represents 45% income share while the metropolitan setting overwhelms with
55% income portion of the complete income of the FMCG business. Over 65% of
individuals in India stay in rustic spots and those individuals spend around half of
their complete consumption on FMCG items. The quantity of individuals purchasing
buyer products online in India is projected to arrive at 850 million by 2025
COMPANY PROFILE:
For last 30 years GRB has cherished the faith and unshakeable trust of its clients. It
has now grown from a ghee industrial entity to a multi products, multi brand
business. GRB has gotten inseparable from immaculateness in the India market and
throughout the long term its anything but a standing and heritage for bona fide
conventional taste. with an overall appropriation and deals organization, upheld by a
group of committed and gifted proficient.
The seeds of the notable ghee brands “GRB” & “udhayam” that are inseparable from
virtue, novel granulation and natively constructed taste stood planted in the year
1984 by Mr.G.R. Balasubramanian a conceived intellect with special case item
information and business discernment.
Mr. G.R. Balasubramanian firm confidence in conveying just the great items to the
purchasers with clean business morals was the establishment of GRB's bazaar
achievement. Today GRB remains as the business standard for quality and clean
strategic approaches.
GRB has been treasuring the confidence and unshakeable trust of its clients for well
more than thirty years and has now bloomed from a simply a ghee fabricating
element to a multi-item multi brand organization.
PROFILE:
VISION:
Inspired and energized by a successful beginning GRB envision “To reached highest
level of customer fulfilment by presenting packaged Indian food across the world”.
MISSION:
GRB gives the best in scope of scope of items to its clients and the organization
never trade off with quality matters. Receive propel innovation for assembling
process. GRB outsourcing crude materials from the best names in the business and
the most things specifically from the source. These crude materials are checked at
the interior lab before preparing to make. The way towards assembling is above all
else robotized and checked and researched at each phase of preparing and once
completed items are pressed most elevated quality bunding materials to achieve its
goal point and to carryout un adulterated and unique customary natively constructed
taste.
Quality safety:
FSSAI
AGMARK
APEDA
HALAL
ISO 900:2005
Registered exporter spices board of India
PRODUCTS / SERVICES PROFILE:
1. Ghee
LUP
50 grams - Bottle and pouch
100 grams - Bottle and pouch
200 grams - Bottle and pouch
500 grams - Bottle and pouch
1 letter - Bottle and pillow pack
2. Masalas
Rasam powder
Sambar powder
Red chilli powder
3. Instate mixes
Puliogare powder
Bisibele Bath powder
Idly/ Dosa powder
4. Sweets
Gulab jamun
Rasagolla
Kaju katli
Bombay halwa
Mysore Pak
Rasmalai
Sona cake
Sona papadi butterscotch
5. Ice creams
Vanilla
Kulfi
Chocolate
Fruit
Ice cream cake
Cassata
Mango
6. Town bus
Moong Dal
Ribbon Pakoda
Kara Shev
Madars Mixture
Avalakki Mixture
Butter Murukku
Corn Flake Mixture
Masala peanut
Kodu bale
Kara Bondi
Rice Kodu bale
SERVICE PROFILE:
GRB manufactures products under brand names, such as Ghee, Masalas, Instate mix,
sweets and Ice creams. such as “Ghee and Instate mix”.
Brand: ‘GRB’
INFRASTRUCTURE FACILITIES:
GRB Dairy foods pvt. Ltd. Fine prepared with modern machine for
industrialized of dairy foods and company owned its wrapping and cataloguing GRB
manufacturing plant situated in Hosur, and it has good 6 warehousing cares with
workwise skilled staff about 900 with good transportation facility for distributing of
company products across Karnataka, Goa, Tamandu, Kerala and Andhra Pradesh.
GRB FACTROY:
Indian food incorporates a variety of sound flavors, because of which the dishes are
cooked in a huge number of ways that assist with holding their supplements, GRB's
obligation to greatness and its vision of giving best quality items is faithful.
GHEE MACHINE:
Organization invests wholeheartedly in its 30 years of age conviction to give
immaculateness, taste and quality. To satisfy this vision, GRB has been ceaselessly
putting resources into best in class foundation for assembling, delivering, putting
away, transportation, preparing proficient staff and information sourcing.
GRB PRODUCT:
Nandhini ghee
Sri Krishna ghee
ITC ghee
Milky mist ghee
Amul dairy
SWOT ANALYSIS:
STRENGTH:
Positive substantial and theoretical traits to an connotation. They are inside the
association's control
Professionally skilled employees
It has mix of young and experienced employee’s
Huge Brand equity
The company have committed workforce
Top management supports the employees in their activities
Updated technology in manufacturing
Good supply chain
WEAKNESSES:
Factors that are inside an connotation’s control that take away from its capacity to
accomplish the centre objective
Limited market accessibility
Untapped e-commerce business
OPPORTUNITIES:
External appealing variables that address the justification an association to exist and
create
Encouragement for young professional and achievers and identification of fast-track
employees
Global market expansion
The company has a good market for the product they produce
Huge demand for dairy foods in India
Rapid growth in e-commerce business
THREATS:
External factors, past an affiliation's control, which could put the affiliation's
principle objective or action at serious risk. The affiliation may benefit by having
crisis blueprints to address them should they happen
Huge competition from established domestic brands
Substitute products availability
Bad economic situations
Government regulations
Classify them by their “seriousness” and “probability of occurrence”.
The organization is wanting to extend to extend their market into Hariyana and
Maharashtra alongside nearest in real states in south India and arranging raise their
stock rooms from 9 to 15 by 2020. The present assembling plant is placed in Hosur,
Tamilnadu and the organization is getting ready for build up one all the more
gathering plant in Karnataka to take care of the present demand. The GRB
arrangements to have worldwide impresses by grasping universal market.
FINANCIAL STATEMENT:
The current ratio is a liquidity ratio that measures a company’s ability to pay
short-term obligations or those due within one year, it tells investors and analysts
how a company can maximize the current assets on its balance sheet to satisfy its
current debt and other payables.
=76,24,54,021 / 52,13,54,466
=1.46
Interpretation: The current ratio of 1.46 indicates that for every 1 rupee of current
liabilities the company has 1.46 rupee of current assets to pay off its debts. Hence,
we can conclude that the company has adequate liquidity position.
2. DEBT-EQUITY RATIO:
Debt to equity ratio is the key financial ratio and is used as a standard for judging
a company’s financial standing. It anything but measure of a company’s skill to
repay its responsibilities. When analyse the wellbeing an company, it is critical to
pay attention to the debt/equity ratio. In the event that the proportion is increasing
the association is being financed by Crediton instead of from its own financial
souring which power be a hazardous design. loan specialists and financial backers
for the most part favor little responsibility to value proportions in light of the their
benefit are better tenable in case of a business decrease. consequently, organizations
with high obligation to value proportion’s will most likely be impotent to draw in
extra loaning capital.
= 1556533
690557503
= 0.002
Interpretation:
The debt equity ratio of 0.002 indicates that the firm has enough assets to pay off its
long-term debts. Hence, we can conclude that the firm is in stable financial position.
CHAPTER-2
THEORETICAL BACKGROUND:
Introduction:
Definition:
“It means, any steps that are taken for the purpose of obtaining or growing
sales. often this term refers especially to trade efforts that are intended to supplement
personal selling and promotion and by co-ordination, help them to become more
effective.”
Literature review:
George (1991) has advancement is one of the ways to deal with interest client to
purchase more or attempt to the item and administration these result to a increase the
sales, in every new product are brand introduced in a market, main purpose of high
sales and profit and name, the amount of use material raises deals the measure of
material utilized and interest new customer, promotion is the new inducement of the
product, incentives of the product
Shimp (1992) has promotional incentive are provide by manufacture to increase the
brand and production loyalty and sales also in the market, in the promotional
distribution is mainly wholesale marketing. Producer to growth the sales enticements
can be utilized by discount retail and individual from chain and shopper to
heightening deals compel, a few makers are their own image and items they likewise
motivating forces for future utilization.
Wind & Robert son (1994) have the promotional strategy one more important
technique is uses new techniques and innovation and implementation the machines
are products, and monitoring the employees about products and knowledge about
product, implementation is the common treatment of promotional strategy.
Ducker peter (1995) has there are the several main objectives of implementing the
new product are company promotion which were revealed in their searches one of
the most evident reason in the research.
Bonoma (1996) has the new company first attempts the promotion are promoter the
goods, the manufacturing company or organization focus on the customer, what
customer expectation and what really customer wants and the field of study this
drawn of work attention to set variable of promotion.
New man & hatsale (1996) have the evidence that promotional as associated that,
with purchase acceleration that terms of an increase that in the quality purchase and
the lessor extend decreased inter purchasing timing research studying in the bran’s
choice decision,
Diamond and eambell (1997) together with lowengart (2002) have propose the
meaning of a sales promotion illustrating it as shirt-term stimulation of acquisitions
are or sales of a product are provision to add lowengart after the study of many
sources suggest more all-inclusive definition. Describing it as a number of practical
tools developed as a part of strategy marketing
Srinivasan and Anderson (1999) have there are numerous Maine objectives
implementing sales promotion, which were revealed in their researches, one of the
most obvious reason for sales promotion and operation is to increase the short-term
sales but it also used for increasing the awareness of already present product and
motivating the sales during the of peak time, they propose.
Jovanovich (2002) has promotion is mainly defined as the promote the new product
and how to them introduce in the market, promotion is the simply to organization
optimal stages of response often learning about workers productivity there
conceptual and productivity promotion process
(Shamsi and Khan, 2017Santini et al. (2015) analysed cut off points sway on
purchases buying objective close by coordinating effect of appeal. The examination
was done using preliminary exploration on 662 understudies. It was found that
markdown emphatically sway purchases’ point. likewise, careless and profligate
knowledge have immense positive association with purchase plan of restricted thing
yet financial peril has a undesirable assertion.
Chaharsoughi and Yasory (2012) considered "impact of Sales Advancement on
Consumer Behaviour subject to culture". The examination used particular different
models to take apart the effect. It was found that culture similarly as deals
advancement strongly affects purchaser conduct nonetheless Sales Promotion can
freely impact shopper conduct.
Gilbert and Jack aria (2002) contemplated the effectiveness of Sales Promotion
regarding general stores. The examination saw coupon, value markdown, test and
get one get-one free. The reasonability of these gadgets is analysed towards brand
trading, brand. resolve, gathering, thing fundamental and purchases speed increment.
An illustration of 160 has been concentrated through survey audit. the effect of
different arrangements headway instruments was found basically not exactly
equivalent to each or other. Get one get-one free was found to be the most preferred
uncommon gadget followed by markdown test & coupon.
Shamsi and Khan (2017) attempted the productivity of Sales Promotion
concerning affecting diverse client lead factors. The examination inspected data
accumulated from 415 customer in Delhi-NCR using repeated measures ANOVA. It
was tracked down that every one of the select Sales Promotion strategies impact
purchaser lead in a startling manner. refund was found to be sales promotion system
followed by Product show and Buy-one Get-one.
Salvi (2013) attempted different sales Promotion methods (refund, cost off, get one
get one) with respect to different purchases lead factors (store visit, buy and prior
buy). Using freedman test, reduction and cost off stood initiate suitable for store
visit. purchases & earlier purchases while BOGO was found affecting store visit &
purchases.
Research design
When I visit the market, I find out these problems and some retailers are not
fully satisfied with this company. Some outlet retailers are said credit problems and
GRB ghee rate is costly comparing to other ghee price, and some general store
retailers are asking margin rate.
To study the various promotional activities by GRB ghee with respective of GRB
ghee for retailers.
To study the effectiveness of the various sales promotion with respective of GRB
Ghee for retailers.
To study the effect, point of purchase display for GRB ghee.
To find if there is corelation between sales promotion & new retail counters.
Hypothesis:
H1: Hypothesis testing is the process of making a choice between two conflicting
hypotheses.
Limitations:
Chapter’s scheme:
Chapter 1: Introduction
Chapter 2: Conceptual Background and literature review.
Chapter 3: Research design
Chapter 4: Analysis and interpretation.
Chapter 5: Findings, Conclusions, and Suggestions.
Chapter -4
1. Gender
Gender
Male
44%
Female
56%
Out of 93 response
Age
2%
24%
29% 20-30
30-40
40-50
Above 50
45%
Out of 93 response
“In this age group question 30-40 age group members are more participate”
3. Income
Income
10%
27% 2-3 lakhs
3-4 lakhs
31% 4-5 lakhs
Above 5 lakhs
32%
Out of 90 responses
14%
25%
Margin rate
Combo offers
Credit
Lucky dep
39%
23%
Out of 93 responses
In these sales promotional activity 24.7% of retailers are prefer margin rate.
In these sales promotional activity 22.6% of retailers are prefer combo offers.
In these sales promotional activity 38.7% of retailers are prefer credit.
In these sales promotional activity 14% of retailers are prefer lucky dep.
“In these sales promotional activity 38.7% of retailers are prefer more credit
facilities” .
23%
Yes
No
77%
Out of 93 responses
4%
19% 28%
Credit facilitates
Margin rate
Combo offer
Foreign trip
48%
Out of 93 responses
28% of retailers are influence to buy GRB ghee for credit facilitates.
48.4% of retailers are influence to buy GRB ghee for margin rate.
19.4% of retailers are influence to buy GRB ghee for combo offer.
4.3% of retailers are influence to buy GRB ghee for forging trip.
“In this study 48.4% of retailers are influence to buy GRB ghee for margin rate”
Discount 18.3%
Coupons 26.9%
Margin 33.3%
Advertising 9.7%
Sales
“In this study 33.3% of retailers are agree for GRB ghee’s promotional activities
more effective”
18%
Yes
No
82%
Out of 93 responses
“In this study 81.7% of retailers are satisfied with GRB ghee sales promotion”
Satisfied 67.7%
Out of 93
Strongly Dis satisfied 9.7%
responses
Dis satisfied 4.3%
18.3% of
4.3
10% 18%
Strongly satisfied
Satisfied
Strongly Dis satisfied
Dis satisfied
68%
retailers are strongly satisfied with GRB ghee sales promotion activities.
67.7% of retailers are satisfied with GRB ghee sales promotion activities.
9.7% of retailers are strongly dis satisfied with GRB ghee sales promotion activities.
4.3% of retailers are dis satisfied with GRB ghee sales promotion activities.
Particular No. of respondent
Banners 25.8%
“In this 97.7% of retailers are satisfied with GRB ghee sales promotion activities”
Wall painting
49%
Banners
Digital display boards
30%
Catalogues
Out of 93 responses
16.1% of retailers are influence to wall painting for point of purchase display.
25.8% of retailers are influence to Banners for point of purchase display.
41.9% of retailers are influence to Digital display boards for point of purchase
display.
16.1% of retailers are influence to Catalogues for point of purchase display.
“In this study 81.7% of retailers are satisfied with GRB ghee sales promotion”
Yes 51.1%
No 28.3%
Maybe 20.7%
Particular No. of respondent
2%
Most effective 30.1%
35%
Effective 38.7%
Yes
No
Neutral 25.8%
63%
Maybe
Out
of 92
responses
“In this study 51.1% of retailers are agree for point of purchase display is effective”
5%
30% Most effective
26% Effective
Neutral
Not effective
39%
Out of 93 responses
30.1% of retailers are choice GRB ghee’s point of purchase promotional activity is
‘most effective’.
38.7% of retailers are choice GRB ghee’s point of purchase promotional activity is
‘effective’.
25.8% of retailers are choice GRB ghee’s point of purchase promotional activity is
‘Neutral’.
5.4% of retailers are choice GRB ghee’s point of purchase promotional activity is
‘most effective’.
“In this study 38.7% of retailers are choice GRB ghee’s point of purchase
promotional activity is ‘effective’”.
13. Would ypu buy the GRB ghee by watching point of purchase display.
Yes 55.9%
No 25.8%
Maybe 18.3%
18%
Yes
56%
26% No
Maybe
Out
of 93 responses
“In this study 55.9% of retailers are said ‘yes’ for buy the GRB ghee by watching
point of purchase display”.
Margin 31.5%
Service 19.6%
Brand image 14.1%
Yes 57.6%
14.1
No 19.6%
35%
Maybe 22.8%
20% Best moving
Margin
Service
Brand image
32%
Out of 92 responses
34.8% of new retailer are choice GRB ghee because of ‘best moving’.
31.5% of new retailer are choice GRB ghee because of ‘Margin’.
19.6% of new retailer are choice GRB ghee because of ‘service’.
14.1% of new retailer are choice GRB ghee because of ‘Brand image’.
“In this study 34.8% of new retailers are choice GRB ghee because of ‘best
moving’”.
14. Is GRB ghee promotional activity is influenced to buy new retail counter.
Sales
23%
Yes
No
58% Maybe
20%
Out of 92 responses
57.6% of new retailers are said ‘yes’ because of GRB ghee sales promotional
activity is influenced to buy us.
19.6% of new retailers are said ‘no’ because of GRB ghee sales promotional activity
is influenced to buy us.
22.8% of new retailers are said ‘may be’ because of GRB ghee sales promotional
activity is influenced to buy us.
“In this study 57.6% of new retailers are influenced to buy GRB ghee because of
their sales promotional activities”
Chapter -5
Summary of findings:
“In these sales promotional activity 38.7% of retailers are prefer more credit
facilities”.
“In the study 77.4% of retailers are agreed to promotional activity by GRB ghee is
useful”
“In this study 48.4% of retailers are influence to buy GRB ghee for margin rate”
“In this study 33.3% of retailers are agree for GRB ghee’s promotional activities
more effective”
“In this study 81.7% of retailers are satisfied with GRB ghee sales promotion”
“In this study 51.1% of retailers are agree for point of purchase display is effective”.
“In this study 38.7% of retailers are choice GRB ghee’s point of purchase
promotional activity is ‘effective’”.
“In this study 55.9% of retailers are said ‘yes’ for buy the GRB ghee by watching
point of purchase display”.
“In this study 34.8% of new retailers are choice GRB ghee because of ‘best
moving’”.
“In this study 57.6% of new retailers are influenced to buy GRB ghee because of
their sales promotional activities”.
Conclusion:
The study on Effective of sales promotion in GRB dairy food pvt ltd
Company. It is the main field is market. This company products are showcasing in
general stores, super markets, hyper markets, etc, this company major income is
GRB Ghee, there is no negative remark in the produce of sales.
Suggestion/recommends:
They should extra item superiority to the merchants and retailers. They should
preserve and make timely payment on festival scheme.
Company will give credit facility for general stores at little price.
BIBLIOGRAPHY
https://www.grbdairyfood.com/about-grb.php
https://en.wikipedia.org/wiki/Ghee
https://scholar.google.co.in/scholar?
q=effectivnessofsalespromotion+literature+review&hl=en&as_sdt=0&as_vis=
1&oi=sclart
https://docs.google.com/forms/d/
IAMLOGfOK96axyu48cDC9NIMuiZRN_JHlyKrL20JcJ3s/edit?usp=drivesdk