Candico to re-enter the mint category with XXX next month

The Rs 125-crore Indian confectionary major, Candico, is seriously looking at re- entering the mint category. The company, having sold its Minto brand to ITC in 2002, is now trying to fill the void in that segment. Candico will be launching its mint candy under the XXX brand name next month.

e4m by exchange4media Staff
Published: Mar 27, 2006 7:11 AM  | 3 min read
Candico to re-enter the mint category with XXX next month

The Rs 125-crore Indian confectionary major, Candico, is seriously looking at re- entering the mint category. The company, having sold its Minto brand to ITC in 2002, is now trying to fill the void in that segment. Candico will be launching its mint candy under the XXX brand name next month.

The product would be launched with two SKUs (stock keeping units) – a jar containing 120 pieces and a polybag containing 100 pieces – informed, Madhav Gupta, Executive Director, Candico (India) Ltd.

Explaining the reason for the late entry in this category, Gupta, said, “We were present in this category earlier with the Minto brand. When we studied the category, we found that all the products were competing in the same brand space with little to no differentiation in product attributes or consumer offers. It was our strategic decision not to enter the category till we identified a definitive gap in the market as well as an USP for our product.”

The company did an in-house as well as external research before arriving at this decision to re-enter the mint category. Said Gupta, “We found that there was a gap in the market for a strong mint. Keeping in mind the current market scenario and the need for differentiation, we are going to launch our mint brand, XXX.”

Positioned as the ‘Xtra strong white mint’, XXX is targeted at teens and young adults. Candico intends to satiate the consumers by providing a strong flavoured mint. The candy will be available at 50 paise. For the launch of the product, the company would be offering a free pen from Today’s worth Rs 5 inside every Rs 60 jar, informed Gupta.

According to the company, the size of the domestic mint candy market for the organised sector was around 800 tonnes a month, while the unorganised sector would also have about equal tonnages. Candico has an 8 per cent share of the Rs 1,500 crore Indian confectionery market and plans to maintain that consistency this year as well.

Asked on the kind of growth that Candico was expecting its mint category to contribute to its entire product portfolio, Gupta said, “In the first six months of launch it would be unrealistic for this product to have percentage contributions to revenue, however, in the long term (around nine months), we believe that this product will be a 100 tonnes a month brand.”

As far as marketing plans are concerned, Candico will be resorting to both above the line and below the line activities. Besides, there would be a host of activities ranging from promotions in colleges and schools, hoardings put up at prominent locations, bus shelters and other merchandising, informed Gupta.

Candico wants to strengthen its international presence to 22 countries by October this year. As far as the domestic market is concerned, the company will lay stress on innovations and will extend their Loco Poco brand by launching a watermelon flavoured gum. “We will also be entering the functional benefits segment with the launch of a product that should be in the markets by June of this year,” said Gupta.

Among other things, Candico is looking at expanding its retail initiative (it is one of the first confectionary companies in India to launch a specialty candy retail chain), it has plans to have at least 50 stores by October 2006. “The candy retail chain is expected to contribute 25 per cent in the next five years to the total turnover,” informed Gupta.

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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