An Indian FMCG company showcasing stellar growth
Incorporated in 2006, Patanjali Ayurved is the
fastest-growing Indian FMCG company, registering 686% growth in revenues over
the four-year period from FY2014 to FY2017.
Within the span of a decade, Patanjali Ayurved has emerged
as the second-largest pure-play FMCG Company in India with annual revenues of
$1.5bn in FY2017.
Targeting consumer demand for natural, pure, and safe
products.
Patanjali Ayurved has been a disruptive company in the Indian FMCG sector,
forcing competitors to rethink their product development strategies.
Built on the pillars of yoga, Ayurveda, and Swadeshi (translated as
"nationalism" or "self-determination"), Patanjali has come
to symbolize purity and authenticity in the eyes of shoppers.
Creating a strong brand story that appeals to consumers' cultural and
traditional sentiments
Forge a strong relationship of trust with consumers by anchoring the brand
image with heritage and patriotism.
Leverage brand consistency to build customer loyalty, and word-of-mouth
publicity to optimize advertising spends.
The company shows no sign of slowing down, with a targeted
revenue turnover of $14.5bn by FY2022. The company founders have unveiled plans
to become the biggest FMCG Company in India and upstaging the foreign
multinational corporations that currently dominate the country.
Patanjali is making waves in FMCG, compelling competitors to rework product
strategies
Patanjali Ayurved's entry into the market has trigged a race
among competitors to invest in product innovation and acquire other herbal
product brands. FMCG giants such as HUL, Colgate-Palmolive, and L'Oréal are
racing to launch or revamp their own Ayurveda and herbal product lines. For
instance, HUL revitalized its neglected herbal brand AYUSH, and launched a
series of products to take on Patanjali's Ayurveda-based toothpaste and
shampoos.