A marketing model to analyse disruptive growth- the case of Patanjali

Authors

  • Harsh Chandra
  • Abhinav Aakash

DOI:

https://doi.org/10.34117/bjdv9n12-059

Keywords:

baba ramdev, competitive marketing, FMCG market entry, lessons in market entry, market disruption, PAL

Abstract

Patanjali Ayurveda Ltd. conceived itself as an ayurvedic medicinal firm. However, over time it grew diversifying itself into an FMCG firm that started disrupting the consumer space. With increasing sales, it has surpassed FMCG locals like Emami and Jyothy Laboratories (producers of Ujaala) who took decades to set their feet in the FMCG sector. A look into the marketing strategies adopted by Patanjali reveals its unique features and the latent opportunities it exploited when it had its chance. Though it is claimed there is no business model at play, the firm ‘thinks’ and acts in such a way that even market analysts are amazed by its rapid growth.

References

Somvanshi, K.K. (Apr 16, 2016). Six lessons that Patanjali teaches India's FMCG sector. Economic Times. Retrieved August 9,2016, from http://economictimes.indiatimes.com/industry/cons-products/fmcg/six-lessons-that-patanjali-teaches-indias-fmcg-sector/articleshow/51848023.cms

Singh,R. (Jun 14, 2015). How Baba Ramdev has built a Rs 2,000 crore ayurvedic FMCG empire & plans to take on multinational giants. Economic Times. Retrieved August 9,2016, from http://economictimes.indiatimes.com/industry/cons-products/fmcg/how-baba-ramdev-has-built-a-rs-2000-crore-ayurvedic-fmcg-empire-plans-to-take-on-multinational-giants/articleshow/47657636.cms

Somvanshi, K.K. (Apr 13, 2016).Patanjali’s success may lead to a FMCG rejig. Economic Times. Retrieved August 9,2016, from http://economictimes.indiatimes.com/markets/stocks/news/patanjalis-success-may-lead-to-a-fmcg-rejig/articleshow/51803252.cms

http://www.patanjaliayurved.org/about.html , n.d.

Ghosh, A. (13/01/2015). Baba Ramdev's Business Empire Soars, With His Own Rising Profile. The Huffington Post. Retrieved August 9,2016, from http://www.huffingtonpost.in/2015/01/13/ramdev-consumer-products-_n_6460760.html

BI INDIA BUREAU (MAR 16, 2016). The Consumer’s God: Baba’s Patanjali to record $1bn sales next year. Business Insider. Retrieved August 9,2016, from http://www.businessinsider.in/Patanjali-to-record-1bn-sales-next-year/articleshow/51427510.cms

Acharya, N. (June 28, 2015). Ramdev turns his Ayurved enterprise into an FMCG empire. Retrieved August 9,2016, from http://www.business-standard.com/article/companies/ramdev-turns-his-ayurved-enterprise-into-an-fmcg-empire-115062800143_1.html

Pinto, V.S., Kapur, M. (October 31, 2015). Patanjali and the tycoon in saffron. Business Standard. Retrieved August 9,2016 from http://www.business-standard.com/article/beyond-business/patanjali-and-the-tycoon-in-saffron-115103001592_1.html

Dutta, A. (April 27,2016). Baba Ramdev's Patanjali aims to double its revenue to Rs 10,000 cr in 2016-17. Business Standard. Retrieved September 10,2016 from: http://www.business-standard.com/article/companies/baba-ramdev-s-patanjali-aims-to-double-its-revenue-to-rs-10-000-cr-in-2016-17-116042700061_1.html

BI INDIA BUREAU (February 6,2016). Baba Ramdev's Patanjali Ayurved Ltd becomes India's biggest FMCG advertiser this week leaving behind Parle, Cadbury. Business Insider. Retrieved August 9,2016, from http://www.businessinsider.in/Baba-Ramdevs-Patanjali-Ayurved-Ltd-becomes-Indias-biggest-FMCG-advertiser-this-week-leaving-behind-Parle-Cadbury/articleshow/50876928.cms

Pyne, S. (October 13, 2015). Exclusive: the accidental business – Patanjali Ayurved. Business Insider. Retrieved August 9, 2016, from http://www.businessinsider.in/Exclusive-the-accidentalbusiness-Patanjali-Ayurved/articleshow/49337393.cms

Pyne, S. (October 9, 2015). Maverick Yogi Ramdev Baba just proved he is a marketing genius!Business Insider. Retrieved August 9, 2016 from http://www.businessinsider.in/Maverick-Yogi-Ramdev-Baba-justproved-he-is-a-marketing-genius/articleshow/49288153.cms

Malviya, S. ,Ratna, B. (March 18,2016). Baba Ramdev's Patanjali leaves Ayurveda 'pioneers' like Baidyanath and Vicco behind. Economic Times. Retrieved August 9,2016, from http://articles.economictimes.indiatimes.com/2016-03-18/news/71631061_1_new-products-vicco-fmcg

BI INDIA BUREAU (March 9, 2016).Baba Ramdev wants shopkeepers to give prominence to Patanjali products without spending a penny, plays ‘swadeshi’ plank. Business Insider. Retrieved August 9,2016, from http://www.businessinsider.in/Baba-Ramdev-wants-shopkeepers-to-give-prominence-to-Patanjali-products-without-spending-a-penny-plays-swadeshi-plank/articleshow/51323889.cms

Bhatt, S. (May 18, 2016). Could distribution be Patanjali’s Achilles heel? Economic Times. Retrieved August 9,2016, from http://economictimes.indiatimes.com/magazines/brand-equity/could-distribution-be-patanjalis-achilles-heel/articleshow/52306425.cms

India TV Business Desk (March 29, 2016). Patanjali emerges biggest FMCG advertiser, reaches 400 million viewers. India TV. Retrieved August 9,2016, from http://www.indiatvnews.com/business/india-patanjali-emerges-biggest-fmcg-advertiser-reaches-400-million-viewers-321503

Anand, S. (Dec 05, 2015). Baba Ramdev’s Patanjali allocates over Rs 300 crore as advertising budget. Economic Times- Brand Equity. Retrieved August 9,2016, from http://brandequity.economictimes.indiatimes.com/news/advertising/baba-ramdevs-patanjali-allocates-over-rs-300-crore-as-advertising-budget/50051511

FE Bureau (January 5, 2016). Patanjali to clock Rs 20,000-cr sales in FY20: IIFL report. Financial Express. Retrieved August 9,2016, from http://www.financialexpress.com/industry/companies/patanjali-to-clock-rs-20000-cr-sales-in-fy20-iifl-report/187960/

Bhattacharyya, A. (February 19,2016). Shunned by retail chains, Patanjali created its own shelves. VCCircle. Retrieved August 9,2016, http://www.vccircle.com/news/fmcg/2016/02/19/role-small-stores-patanjalis-expanding-footprint

Bhattacharyya, A. (February 20,2016).Decoding Patanjali’s popularity. VCCircle. Retrieved August 9, 2016, from http://www.vccircle.com/news/fmcg/2016/02/20/decoding-patanjali%E2%80%99s-popularity

Chakraborty, C. (May 26, 2016). Patanjali hit on FMCG biggies! But Dabur, Emami ride piggyback to notch up growth. Economic Times. Retrieved August 9,2016, from http://economictimes.indiatimes.com/markets/stocks/news/patanjali-hit-on-fmcg-biggies-but-dabur-emami-ride-piggyback-to-notch-up-growth/articleshow/52446236.cms

Mitra, S. (June 03 2016). Inside Baba Ramdev’s Patanjali empire. LiveMint. Retrieved August 9,2016, http://www.livemint.com/Companies/hLEBBx17cFY5rPjTjmIP9O/The-Patanjali-story.html

Roy,A. , Lath,P. , Sharma,T. (October 1, 2015). Patanjali Ayurved- Waiting in the wings. Edelweiss Research. Retrieved August 9,2016 from http://www.edelresearch.com/showreportpdf-30172/PATANJALI_AYURVED_-_VISIT_NOTE-OCT-15-EDEL

Nair,S. (August 1,2016). Patanjali shakes up Colgate: The threat of Baba-cool companies is real for MNCs. FirstPost. Retrieved August 23, 2016, from http://www.firstpost.com/business/patanjali-shakes-up-colgate-the-threat-of-baba-cool-companies-is-real-for-mncs-2927542.html

Shrivastava R. (2015, December 7) The Rise of Patanjal’s FMCG business – strategy with RS Inside IIM. Retrieved August 4, 2016 https://insideiim.com/baba-ramdevs-patanjali-success-story-strategy-with-rs/

Malhotra S. (2016, December 6) Baba of all trades Business Today. Retrieved August 23, 2016

http://www.businesstoday.in/magazine/corporate/baba-ramdevs-patanjali-ayurved-forays-into-indias-rs-5300-crore-instant-noodles-market/story/226011.html

(2016, January 14) Analysis: How does Brand Patanjali Stack up? Advertising Age India. Retrieved on Aug 23, 2016. http://www.adageindia.in/marketing/cmo-strategy/analysis-how-does-brand-patanjali-stack-up/articleshow/50576644.cms

Singh K. (2016, June 21) the unusual success story of Patanjali, Baba Ramdev, and Yoga: Part 3 XOR labs.Retrieved on Aug 4, 2016. https://www.xorlabs.in/blog/success-story-of-patanjali-baba-ramdev-yoga-part3/

Venugopal V. (2016, Feb 06) Baba Ramdev's Patanjali Ayurved Ltd becomes India's biggest FMCG advertiser this week; outnumbers Cadbury, Parle The Economic Times. Retreived on August 09, 2016. http://economictimes.indiatimes.com/industry/services/advertising/baba-ramdevs-patanjali-ayurved-ltd-becomes-indias-biggest-fmcg-advertiser-this-week-outnumbers-cadbury-parle/articleshow/50872844.cms

Sethi M. (2016, May 06) A Report on Patanjali Ayurveda, Stellarix Consultancy Services. Retrieved on August 26, 2016. http://stellarix.com/fusce/a-report-on-patanjali-ayurveda/

PTI (2016, July 2015) Probe report of “Putrajevak Beej”, Patanjali’s Infertility Medicine is not in Favour of Ramdev Huffington Post. Retrieved on August 23, 2016. http://www.huffingtonpost.in/2016/02/01/probe-report-of-putrajeevak-beej-patanjalis-infertility-medi/

Krishnan A. (2016, June 9) A Reality check on Patanjali The Hindi Business Line. Retrieved on august 23, 2016. http://www.thehindubusinessline.com/opinion/columns/a-reality-check-on-patanjali/article8710429.ece

PTI (2016, Jan 8) Protests in Patanjali food park, The Economics Times. Retrieved on August 23, 2016. http://economictimes.indiatimes.com/news/politics-and-nation/protest-at-patanjali-food-park-over-two-dozen-injured/articleshow/50760488.cms

S Kumar S. (2016, June) Sustainability through extension “A case study of Patanjali Ayurved Pvt ltd. Baba Ramdev- Jack of all trades. Episteme: an online interdisciplinary, multidisciplinary & multi-cultural journal, Bharat College of Arts and Commerce, Badalpur, Volume 5 Issue 1.

Malviya S.(2016,March 22) Baba Ramdev's Patanjali may soon overtake FMCG biggies like Dabur, Marico and Godrej Consumer, The Economic Times. Retrieved on September 9,2016. http://articles.economictimes.indiatimes.com/2016-03-22/news/71732520_1_godrej-consumer-products-crore

El-Asmar et al, Feed the Lion: FMCG Opportunities and Challenges in Africa, Arthur D Little. Retrieved on September 21, 2016: http://www.adlittle.com/downloads/tx_adlreports/ADL_2014_FeedTheLion.pdf

Downloads

Published

2023-12-20

How to Cite

Chandra, H., & Aakash, A. (2023). A marketing model to analyse disruptive growth- the case of Patanjali. Brazilian Journal of Development, 9(12), 31428–31452. https://doi.org/10.34117/bjdv9n12-059

Issue

Section

Original Papers