Professional Documents
Culture Documents
Project Report
On
A STUDY OF CONSUMER PERCEPTION TOWARDS PATANJALI
PRODUCTS, KOTA
2016-2018
Kota
Date:
Fax: 0744-2438069WebSite:www.okedu.in
OM KOTHARI INSTITUTE OF MANAGEMENT &
RESEARCH
Prof. Prof.
Internal Examiner External Examiner
Kota
Date:
Riya Thawaria
MBA-4rd Sem.
OKIMR, Kota
PREFACE
As the part of course curriculum of the master of business administration, the students
have undergone this project report for 4thsem.
The underlying object of the report is to provide the student with practical aspect of the
research survay. Such type of research project helps the student to work in real
environment and gain practical knowledge and build confidence.
Consumer perception is the degree to which people like their products. Some people
satisfied with the patanjali products. Other hate the products of patanjali. To study the
consumer perception, identify the factor that factor that motivated the consumers and
their opinion about the patanjaali brand products their quality.
In general consumer perception is the perception towards the product as a whole brand
satisfaction is a function of satisfaction with different aspects of products i.e. awareness
of the product, variety of the products, quality of the products, price of the products,
appealing packaging,natural ingredients, chemical-free etc., and of the particular
weighting or importance one attaches to these respective components.
This report has been divided into four parts:
First part of this report shows the knowledge about the company profile.
Second part shows the conceptual framework about the consumer perception.
Third part shows the research methodology
Fourth part shows the data interpretation on the analysis
Last part cover suggestions and conclusions
Acknowledgement
Riya Thawaria
MBA – 4th Sem.
OKIMR, Kota
EXECUTIVE SUMMARY
The objective of the proposed study is to identify the specific factors that
affect consumer perception towardsPatanjaliproducts. The methodological
approach to this study isdescriptive, because we attempt to identify
and explain variables that exist in a givensituation and to describe the
relationship that exists between these variables in order toprovide a picture
of a particular phenomenon, but not to ferret out cause -effect relationship.
The primary data was collected through questionnaire filling. The
secondary data was collected through the internet. India has a large chunk
of population which is at lower income level and at middle income level.
The project covers the aspects like Consumer perception on the Patanjali
products.
Table of Content
1. Company Profile
2. Review of Literature
3. Conceptual framework
4. Research Methodology D
7. Suggestions D
Bibliography
Appendix
Annexure: Questionnaire D
Working note of Chi-square expected value D
Data Sheet D
List of Tables
1.
2.
3.
4.
INTRODUCTION OF
PATANJALI
The Company:
Patanjali has a wide range of products with the theme of Ayurvedic/herbal being
common across all categories. It has four business divisions: food and
beverages, cosmetics and health, health drinks and home care. The highest
revenue grossing products are Patanjali cow ghee, DantKanti, Kesh kanti,
Patanjali Atta noodles and Patanjali Aloe Vera juice and gel.
The customer base of Patanjali is very huge and with each passing day, it is
growing bigger. A major ramp-up came when Patanjali was relaunched by Baba
Ramdev in 2014. After that it has not looked back. The company is finding it
difficult to cater to the demand of all the customers. It has increased its
distribution channels and expanded its reach multifold from the point when it
started. Production has also increased and it has now over 450 products in its
portfolio.
Organization structure:
The Board of Directors is formed of three founding people. Swami Acharya
Balkrishnaji is serving as the Managing Director of the company. Two other
members Swami Muktanandji and Sri Ajay Kumar Arya are also holding positions
as the Directors of the company. Swami Ramdev do not hold any position or
stake in the company but does act as the Ambassador for the entire Patanjali
brand. The operations department is headed by Ramdev’s brother Ram Bharat.
Everyone else from the finance, logistics and other teams report to him He is the
informal CEO but designations are not very formalized within Patanjali. Patanjali
has over 200,000 employees in total. They hire stre et-smart people and do not
look for MBA graduates only. This helps them to keep costs down while also
delivering unprecedented growth.
Revenues
Year Revenues
(In Rs Crore)
2009-10 165
2010-11 317
2011-12 446
2012-13 850
2013-14 1200
2014-15 2006
2015-16 5008
2016- 17 10562
Production
Patanjali Food and Herbal Park at Haridwar is the main production facility
operated by PatanjaliAyurved. The company has a production capacity of ₹350
billion (US$5.4 billion) and is in the process of expanding to a capacity of ₹600
billion (US$9.2 billion) through its new production units at several places,
including Noida, Nagpur, and Indore. The company plans to establish further
units in India and in Nepal.
In 2016, the Patanjali Food and Herbal Park was given a full-time security cover
of 35 armed Central Industrial Security Force (CISF) commandos. The park will
be the eighth private institute in India to be guarded by CISF paramilitary forces.
Baba Ramdev is himself a "Z" category protection of central paramilitary forces.
Mission and Vision of Patanjali
VISION
MISSION
S-STRENGTH
3. Strong brand ambassador with Baba Ramdev as its face helped boost the
business for Patanjali.
4. Patanjali offers new products, new style of marketing etc has changed the
market dynamics.
O-OPPORTUNITIES
T-THREATS
Media attention:
Less Price:
Variety of products:
Already, a few Patanjali products have made major inroads - apart from desi
ghee, its toothpaste DantKranti, for instance, launched in March 2010, brought in
revenues of Rs 200 crore in 2014/15. Patanjali has also ventured out to produce
many other new items that were mostly produced by foreign companies in recent
months. Patanjali also sells toothpastes, unpolished pulses and detergents.
Swadeshi factor:
"We don't want to put anyone down, but we would like to instil swadeshi pride so
that Indian money does not go out of the country." He is aware that the
competition is gunning for him.
Advertising:
Patanjali's own advertising was limited in the past, but has increased
considerably of late, with ads appearing on general entertainment TV channels
(GECs) such as Star and Zee. The company has also reached out to regional
Southern channels.
Research
Methodology
RESEARCH:
Refers to the search for knowledge. It can be defined as scientific and systematic
search for pertinent information on a specific topic. It is careful investigation or
inquiry through search for new facts of any branch of knowledge.
Research plays an important role in the project work. The results of the project
are completely based upon the research of the facts and figures collection
through the different ways of research.
RESEARCH METHODOLOGY:
The following order concerning various steps provides a useful procedural guideline
regarding the research methodology
(1) Formulating the research problem
(2) Extensive literature survey
(3) Developing the hypothesis
(4) Preparing the research design
(5) Determining sample design
(6) Collecting the data
(7) Execution of the project
(8) Analysis of data
(9) Hypothesis testing
(10) Generalizations and interpretation
(11) Preparation of the report or presentation of the results, i.e., formal write-up of
conclusions reached.
A STUDY OF CONSUMAR PERCEPTION ON PATANJALI
PRODUCTS,KOTA
Objective of study
The study in hand is conducted keeping in view the following objectives:
Hypothesis Objectives
To know the relationship between different age group & satisfaction level
with the products.
To know the relationship between different gender & satisfaction level with
the products.
Research methodology
Statisticaltools
Tools for analysis Chi-square test
ᵡ2 = ∑(Oi-Ei)2/Ei
Degree of freedom, V = (R-1)(C-1)
Where,
‘O’= Observed Frequency
‘E’= Expected Frequency
‘R’= Number of Rows
‘C’= Number of Columns
I believe that there will be still the chance for error on account of following
limitation:-
Limited number of respondents.
Time limitation for completing the project.
The
data obtained in some cases may be biased.
RESEARCH ANALYSIS
AND INTERPRETATION
1) Different age group of respondent.
15-20 08 07
20-25 52 45
25-35 32 28
Above 35 23 20
Respondents
15-20 20-25 25-35 Above 35
7%
20%
45%
28%
Interpretation:-
07% respondents are from the age group of 15-20.
45% respondents are from the age group of 20-25.
28% respondents are from the age group of 25-35.
20% respondents are from Above 35.
2) Gender of respondent
Male 63 55
Female 52 45
Total 115 100
Gender
Male Female
45%
55%
Interpretation:-
45% respondents are male.
55% respondents are female.
3) Used any product of Patanjali brand
Yes 92 80
No 23 20
Respondents
Yes No
20%
80%
Interpretation:-
80% respondents said Yes.
20% respondents said No.
4) Patanjali offers a large variety of products
Respondents
S. Agree Agree Neutral Disagree S. Disagree
3%
5%
23%
19%
50%
Interpretation:-
23% respondents said strongly agree.
50% respondents said agree.
19% respondents said neutral.
05% respondents said Disagree.
03% respondents said strongly disagree.
5) Patanjali products are of high quality
Respondents
S. Agree Agree Neutral Disagree S. Disagree
2%
11%
20%
32%
35%
Interpretation:-
20% respondents said strongly agree.
35% respondents said agree.
32% respondents said neutral.
11% respondents said Disagree.
02% respondents said strongly disagree.
6) Prices of the Patanjali products are fair
Respondents
S. Agree Agree Neutral Disagree S. Disagree
3%
17% 20%
26%
34%
Interpretation:-
20% respondents said strongly agree.
26% respondents said agree.
34% respondents said neutral.
17% respondents said Disagree.
03% respondents said strongly disagree.
7) Patanjali products have appealing packaging
Respondents
S. Agree Agree Neutral Disagree S. Disagree
3%
10% 18%
25%
44%
Interpretation:-
18% respondents said strongly agree.
44% respondents said agree.
25% respondents said neutral.
10% respondents said Disagree.
03% respondents said strongly disagree.
8) Patanjaliproducts have natural ingredients
Respondentss
S. Agree Agree Neutral Disagree S. Disagree
5% 10%
8%
27%
50%
Interpretation:-
10% respondents said strongly agree.
50% respondents said agree.
27% respondents said neutral.
08% respondents said Disagree.
06% respondents said strongly disagree.
9) Satisfied with the patanjali products
Respondents
S. Agree Agree Neutal Disagree S. Disagree
4%
19%
14%
32% 31%
Interpretation:-
19% respondents said strongly agree.
31% respondents said agree.
32% respondents said neutral.
14% respondents said Disagree.
04% respondents said strongly disagree.
10) Face any problem while using the product
Yes 44 38
No 71 62
Total 115 100
Respondents
Yes No
38%
62%
Interpretation:-
38% respondents said Yes.
62% respondents said No.
11) Patanjaliproducts are chemical-free
Respondents
S. Agree Agree Neutral Disagree S. Disagree
3%
12% 16%
24%
45%
Interpretation:-
16% respondents said strongly agree.
45% respondents said agree.
24% respondents said neutral.
12% respondents said Disagree.
03% respondents said strongly disagree.
12) Patanjali products have made a good brand image
Respondents
S. Agree Agree Neutral Disagree S. Disagree
3% 3%
24%
33%
37%
Interpretation:-
24% respondents said strongly agree.
37% respondents said agree.
33% respondents said neutral.
03% respondents said Disagree.
03% respondents said strongly disagree.
13) Reason why you prefer patanjali products
Respondents
Convenient Affordable Clean Other
17%
24%
16%
43%
Interpretation:-
24% respondents said that patanjali products are Convenient.
43% respondents said that patanjali products are Affordable.
16% respondents said that patanjali products are Clean.
17% respondents said that they have other reason to prefer patanjali
products.
14) Come to know about the product
Respondents
60
50
40
Axis Title
30
20
10
0
Advertisement Recommendation Self Exploration
Respondents 56 31 28
Interpretation:-
49% respondents said that they know about the product by Advertisement.
27% respondents said that they know about the product by
Recommendation.
24% respondents said that they know about the product by Self
exploration.
Hypothesis testing
1. CROSS TABULATION BETWEEN DIFFERENT AGE GROUPS & SATISFACTION
TOWARDS PATANJALI PRODUCTS
15-20 0 1 6 0 1 8
20-25 14 13 18 4 3 52
Age
25-35 6 12 8 5 1 32
35 Above 2 9 5 7 0 23
Total 22 35 37 16 5 115
Chi-Square Tests
Chi-Square Tests
2) To know the attributes that a customer keeps in mind while buying ‘PATANJALI’
Products.
a) Majority (94) of the respondent agree that you are satisfied with the patanjali
product.
b) Majority (71) of the respondent not face any problem while using patanjali
product.
a) a)Majority (100) of the respondents agree that Patanjali products have natural
ingredients.
b) Majority (97) of the respondents agree that Patanjali products are chemical-
free.
CONCLUSION
&
SUGGESTION
CONCLUSION
Patanjali has given a headache to many marketers with its unconventional ways of
marketing. The Findings in the paper show that there are many significant factors that
together make up the buying decision of the product.
Customers’ perception towards a brand is built largely on the satisfactory value the user
receives after paying for the product and the benefits the user looks for.
In the above study, a large portion of the user is satisfied from Patanjali products.
It may be because of reasonable price of the product. It may be due to ability of the
product to cure the problem.
The satisfaction brings in the retention of customer. Patanjali is enjoying the
advantageous position in market through spirituality element involved in its products.
However, it should not ignore the competitors like Naturals, pure roots, Vindhya herbals.
Patanjali in order to retain more customers and satisfy them must fulfill the claims made
by the company before any other brand may mushroom up and take away the benefits
of marketing through spirituality.
A point to note is that many people are buying Patanjali products due to the hedonic
value attached to the products. Hence, Patanjali (unlike its competitors) is attracting
brand-loyal customers and not price-sensitive customers.
RECOMMENDATION
They have to focus back on product efficacy. Rising above the noise of
advertising.
They can increase their outlet and stores.
The stores have very restrictive timing. Also, they don’t give any carry bags
(plastic, papar, cloth- nothing). Again, customer-centric approach is required.
So Patanjali Ayurveda should increase their productivity and make sure that
there will be shortage of products in the market.
BIBLIOGRAPHY
BIBLIOGRAPHY
BOOKS
Ramanuj, (2009) Consumer Behaviour: Insights from Indian Market, IV
Edition, New Delhi, PHI Learning Pvt. ltd.
NargundkarRajendra, (2017) Marketing Research: Text and Cases 3rd Edition,
New Delhi, McGraw Hill Education
WEBSITES
https://www.patanjaliayurved.net/
https://en.wikipedia.org/wiki/Patanjali_Ayurved
https://www.slideshare.net/trishalagautam/patanjali -research
http://www.news.kenresearch.com/post/147442303438/company-
profile-of-patanjali-ayurved-limited-new
http://www.patanjaliresearchfoundation.com/cgi -sys/suspendedpage.cgi
https://www.researchgate.net/publication/305995560_The_Phenomenal_Su
ccess_of_Patanjali_in_FMCG_Sector-An_Analytical_Study
QUESTIONNAIRE
QUESTIONNAIRE
1) Name
........................................
2) Age
3) Gender
4) Qualification
5) Material Status
10) Do you agree the prices of the Patanjali products are fair?
11) Do you agree that the Patanjali products have appealing packaging?
13) Do you agree that you are satisfied with the patanjali product?
14) Have you faced any problem while using the product?
16) Do you agree that Patanjali products have made a good brand image?
17) Please indicate the reason why you prefer patanjali product?