Introduction Brand name – Glycodin Company – Alembic Pharmaceuticals Launched in 1930 Switched from Rx to OTC- 2002 Turnover – Rs . 10 Crore (2002)
History Rs . 10 Cr brand in 2000 Facing major competition from Phensydryl , Benadryl, Corex , D’Cold , Ascoril Banned FDCs in 2015 Relaunched the product by replacing codeine with dextromethorphan, terpene hydrate, menthol, syrup glycerin base. Tablet- paracetamol, phenylpropanolamine, caffeine
Consumers Perception
Chemists Perception
D octor
Marketing Mi x Product Cough and cold, Respiratory tract infections, expectorants, throat irritation Price 50 ml for Rs . 60 100ml for Rs . 91.60
Place Chemists and Doctors Promotion Advertisement 12+1= 13 https://www.youtube.com/watch?v=md-wY2yoF9Q
Key Learnings Lack of Consumer awareness Absence of promotional inputs at the retailers Lack of promotion through TV commercials Excessive dependency on doctors and chemists
Suggestions High visibility- Advertisements , Promotional Inputs Increase awareness- medical camps, Upcoming hospitals in micro interiors Promotions through commercial advertisements like TV Ads Social Tie-ups- Nursing Homes, NGOs Promotional Stickers at chemist outlets
Secure shelf space for your product Monitor and preserve brand equity Free samples at crowded places like annual fairs