Summer of 2019: A scorcher for brands

IPL, General Elections and the ongoing Cricket World Cup saw brands push the marketing envelope with an estimated Rs 10,000-11,000 crore spent on advertising, making 2019 summer a sizzling one

e4m by Christina Moniz & Beryl Menezes
Published: Jun 17, 2019 8:15 AM  | 18 min read
Summer

There are certain things that define an Indian summer; mangoes, an ice ‘gola’ by the beachside, summer holidays at a hill station or just a cool glass of buttermilk. Our summer months are typically replete with memories of at least one of these things, if not more. 

Over the years, summers have become synonymous with the season for cricket, thanks to the Indian Premier League (IPL) frenzy. In many ways, the summer of 2019 has been no ordinary season. While most of us were looking for ways to escape the searing temperatures, a huge majority of brands recognised this as a season of big opportunity! From the IPL and the general elections to the ICC World Cup and the release of big entertainers such as Avengers: Endgame and Game of Thrones, this year’s summer gave brands many reasons to cheer. 

Ashish Bhasin, Chairman & CEO - Greater South, Dentsu Aegis Network puts the ad spends by brands between the months of April and May this year in the region of Rs 10,000-Rs 11,000 crore. “Summer marketing spends have increased by about 10 per cent over last year. This year, the IPL is almost instantaneously being followed by the World Cup so I expect that the brands who have a summer theme campaign to run will probably be also considering cricket in a big way,” he says. 

While the summer season typically entails an increase in spends among certain categories like cold beverages, travel and electronics, Indian summers can no longer be viewed in isolation. Pointing out the importance of media properties, Shekhar Banerjee, Head (West), Wavemaker India, says: “While there are categories that still leverage the summer weather like beverages and fashion, there are also brands targeting kids on vacation. The largest trend is brand advertising led by media properties such as the IPL during summer. These three merge to make summer the most important quarter of the year.” 

Here’s a look at how brands from categories such as food & beverages, travel, electronics, retail, lifestyle and entertainment pushed the marketing envelope during the summer of 2019.

Food & Beverages

There was a time when every summer meant endless visuals of colas and ice-cream sticks. The past few years have seen a few changes in the way food and beverage manufacturers have ramped up their portfolio of cool products. 

One such manufacturer is Parle Agro, with campaigns for Frooti and Appy Fizz in full throttle to grab consumer mindshare. Nadia Chauhan, Joint MD & CMO, Parle Agro, says, “We kickstarted our summer campaigns for Appy Fizz and Frooti in March, and are following a 360-degree approach with strong reflections on TV, Digital, OOH and Print. With aggressive strategies across our sales and distribution system, pricing and packaging too are playing a big role for the brand this summer.” Parle Agro has signed on actor Allu Arjun for Frooti in the South and Junior NTR as ambassador for Appy Fizz in the South region making its commitment to the market very clear. 

Mayank Kumar, Head of Marketing- Foods, Dabur India, says that the brand has expanded the Real Juice portfolio this summer with the addition of the new masala range. “Post the successful test launch of Masala Guava and Masala Pomegranate, the masala range is being further strengthened with the addition of two new variants, Masala Mixed Fruit and Masala Aam Panna,” says Kumar. In the light of new launches and increased demand, the company is spending most of its budget on TV this summer, supplemented by increased spends on Digital. 

Another brand that has had a series of product launches this summer is dairy giant Amul. RS Sodhi, Managing Director, Amul says, “The season has begun very well for us with the month of April being much hotter than last year. Overall, we have already seen a good 18-20 per cent volume growth. From our annual advertising budget, we use about 40-50 per cent of our spends in the months of April, May and June.” 

Amul has also joined hands with the Afghanistan cricket team as principal sponsor for ICC World Cup. “With cricket being such a craze in the subcontinent and the ICC World Cup being the biggest event the sport sees, we wanted to seize the opportunity to associate with the tournament,” he adds. 

Apart from Amul, brands like Baskin Robbins, Kwality Walls and Havmor are also capitalising on the season with new ice-cream flavours, captivating consumers with innovative campaigns. “Baskin Robbins India has gone live on national television in India after nearly two decades. As a brand, the opportunity to reach out to over 100 million Indians is both exciting and full of new possibilities. During the IPL season, we gave our parlours a complete fresh fruit make-over right from our external façade branding to our outdoor innovations,” says Samyukta Ganesh Iyer, Head of Marketing, Baskin Robbins India, adding that the brand spends about 80 per cent of its marketing budget on summer advertising. For Havmor, the summer months bring in approximately 60 per cent of the annual business and that is reflected in the brand’s marketing spends as well. 

“We have allocated 6.5-7 per cent of our annual turnover towards marketing. TV still gets the major share of the pie, though our advertising on digital and events have significantly increased,” says Vincent Noronha, Vice President-Marketing, Havmor Ice-Cream. 

While ice-creams and fruity beverages may well be the flavour of the season, what’s an Indian summer without the familiar sight of Kingfisher’s chilled beers? This summer, United Breweries Limited (UBL) has gone national with its non-alcoholic drink, Kingfisher Radler. The new product leveraged IPL both on TV and Hotstar as its main communication platform. Ramesh Vishwanathan, Chief of New Business Development, UBL says. “We spend close to 50 per cent of our marketing budget in summer. While the aim of Kingfisher Radler is to be a relevant proposition to people who don’t consume alcohol, we expect Kingfisher Beer to continue its upward growth trajectory with its popular sub-brands Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra and Kingfisher Storm,” Vishwanathan said, adding that the beer business is expected to grow at 10 per cent in volumes this summer. 

Vivek Bhargava, CEO, DAN Performance Group provides some perspective to the summer madness. “The IPL, ICC World Cup and elections have definitely given a boost to the summer spending. To give you some context, each IPL team gets Rs 25-Rs 30 crore on an average as sponsorship money. This is the time for companies to launch products and services and make the most of the frenzy,” he says.  

Retail & Apparel
There are two things every summer brings to the Indian advertising industry - the dual focus of traditionally summer season-focused brands and the Indian Premier League (IPL). This time around, the elections and the release of big entertainers like Avengers: Endgame have made the season even more interesting, says Varun Duggirala, Co-Founder & Content Chief, The Glitch. 

“Summer campaigns used to have a massive share of FMCG companies focussed on the weather, but that share has definitely gone down with other categories like tech and e-commerce taking a large chunk of the pie. The campaigns that really stood out for me were the ‘Don’t spoil the endgame’ one for Avengers: Endgame and Hotstar’s campaign for Game of Thrones,” he says. 

One brand that leveraged the Game of Thrones hype in a big way is Fastrack. “The biggest talking point across the globe this summer was Game of Thrones. We were the official merchandise partner and have introduced a range of products for the fans - watches, bags and sunglasses,” says Ayushman Chiranewala, Marketing Head, Fastrack, Titan Company Limited. He adds that the brand is taking an aggressive stance this summer with 20 per cent of its annual marketing budget devoted to this season’s initiatives. Chiranewala says Fastrack is aiming for double-digit growth this season. 

While some brands like Bata and United Colours of Benetton encouraged consumers to vote, some others like Shoppers Stop leveraged occasions like Mother’s Day. The brand invited customers to spread the love by bringing their mothers to the store and giving away sarees they don’t use anymore. Uma Talreja, Chief of Marketing and Customer Officer, Shoppers Stop says, “Print is a lead medium for retail. However, as Digital has become a very prominent part of our strategy, our spends between our e-commerce platform and digital marketing are reaching close to 35 per cent of our total spends now, while Print remains our largest pie of ad spends.” 

In agreement with Talreja is Brand Factory CMO Roch D’Souza, who relies on both Print and Digital for the various summer campaigns the company has rolled out. “Print is an announcement medium for us. Digital is largely the second medium for us where we spend a lot of money these days. So, the split is around the two,” D’Souza explains. 

Another brand that is focusing on the summer is sunglasses brand RayBan. The company has recently launched its new communication platform #ProudToBelong by putting the spotlight on moments that connect humans. 

“In India, we see a big opportunity. Online will continue to play a very important role, so the right digital and social media strategy will be key not just in terms of pure advertising, but especially in terms of story-telling,” says Alessandro Chiarelli, Ray-Ban Director (Luxottica Group). 

Another eyewear brand Coolwinks has also rolled out an initiative that enables consumers to select suitable lenses according to their lifestyle using an AI lens selection tool. Ganesh Iyer, CEO, Coolwinks says: “About 20% of the annual marketing budget is currently being diverted to summer marketing. Our spends are across TV, Outdoor, Digital and Experiential.” 

Summer fashion choices bring in volumes of colour and vibrancy in one’s wardrobe. Fashion brand fbb has brought in campaigns employing influencers and personalised content that have kept the buzz going for the company throughout the summer. 

Prachi Mohapatra, CMO, fbb says, “The season opened with the biggest cricket property IPL and our association continues for the third year in a row now. We are into the pre-finale stage of the 2019 fbb Femina Miss India, which has also been a fruitful association for the brand.” 

Pantaloons has unveiled the ‘Holiday in Style’ campaign. Ryan Fernandes, VP – Marketing and e-commerce, Pantaloons (ABFRL) says: “We have committed close to 20 per cent of the annual spends for summer, which has allowed us to get a good 360-degree presence. We will be present on shows like American Idol, and have also released the campaign in cinemas during the release of Avengers: Endgame.” 

Another brand that leveraged the Avengers release and vacation season was Max Fashion. “Every year we engage with more than three lakh kids across India during this season, and this year we are looking to take it to the next level. This year, we were proud to be associated with Marvel’s Avengers: Endgame, one of our strongest associations with Disney,” Pallavi Pandey, Head of Brand Communication, Max Fashion said. 

Payback, a multi-brand loyalty programme in India, also ran a series of initiatives during the summer, keeping in mind events like the ICC World Cup and end of season sales. Ramakant Khandelwal, CMO, Payback India says, “This summer, we launched Payback Days – a five-day shopping offer, where our key partner brands like Big Bazaar, fbb, ICICI Bank, BookMyShow and HPCL announced mega point-based offers for members.”
Electronics & Consumer Appliances

Soaring temperatures definitely spell good news for the country’s electronics players. Categories like air-conditioners and refrigerators look set to witness a double-digit growth boosted by increased consumption from Tier I and Tier II cities. “The increasing penetration of internet and smartphones is a trend here to stay and in a category like ACs where the product research trend is playing a big role. Digital is the key medium apart from ground presence,” says Swati Rathi, Marketing Head - Godrej Appliances, adding that the brand is looking at a 25% growth this summer. 

With its focus on cricket this year, TV is an important part of Haier’s media mix. “With the IPL and ongoing ICC World Cup, the fever has gripped the country and we’re leveraging the summer by not only introducing our product on television but also enhancing mindshare among consumers,” says Satish NS, Senior Vice-President, Sales and Marketing, Haier India. 

Brands like Lloyd, however, are betting big on Bollywood pull for the AC portfolio by getting star couple Deepika Padukone and Ranveer Singh on board this summer, while Orient Electric has signed on MS Dhoni for its latest campaign. Croma devotes close to 20 per cent of its annual budget on summer campaigns with a clear focus on products such as ACs, refrigerators and innovative products like portable ACs and unique ice-makers that produce ice in seven minutes. 

Ritesh Ghosal, CMO, Croma - Infiniti Retail Ltd says, “We have seen a growth of over 45 per cent YOY in the sales of refrigerators and ACs.” 

Spends in the summer quarter are usually much higher than any other quarter for Crompton Greaves. “Our campaigns have a media mix spread across TV, Digital, Radio, Print and Outdoor. However, for this season’s campaigns, spends on TV tend to be higher than the other media,” says Rohit Malkani, VP, Marketing at Crompton Greaves Consumer Electricals Ltd. 

Home appliances, aside from cooling products, too are seeing positive traction, says Deba Ghoshal, Head of Marketing, Voltas. The brand has allocated close to 18% of its total spends towards summer marketing to build momentum for its product line. 

Speaking about its marketing initiatives that kicked off this summer, Prasenjit Basu, Head of Marketing, Voltbek Appliances India says, “Once the brand identity gains the required momentum, we hope to bring down our marketing spends to 3.5–4%. Our focus will largely be on Television, followed by Print and Digital.” 

Beauty & Personal Care
You really cannot get through the scorching summer sun without a trusted sun block cream, can you? It’s no wonder then that beauty and personal care brands are definitely bringing out their best summer game in the frenzy to grab consumer eyeballs and market share. 

Sachin Killawala, Marketing Director, Nivea India, says: “Consumers today seek information on healthy-looking skin across varied mediums like Digital, Print, TV and point of sale. We tailor our communication for each of these mediums and are also curating an educational content platform called ‘Healthy Skin Series’ to help our consumers leverage Nivea’s skin expertise.” FMCG brand Marico roped in actress Kiara Advani to build a stronger millennial connect largely on social media platforms. 

One brand that is definitely riding on the storyline of youthfulness and romance is McNROE’s Wild Stone. Narendra Kumar Daga, Founder & MD, McNROE says TV will be a big part of the brand’s communication plan this summer and Wild Stone will continue to build on the success of the #JustFriendsNoMore campaign launched early in the year. “Our latest TVC is an endearing storyline in a corporate set-up amidst young office colleagues that showcases the transition of a platonic friendship to a budding relationship as fragrance steps in to brew romance,” says Daga. Brands are also looking at building that connect with young consumers by signing up young brand ambassadors. Case in point – Emami Limited recently got actor Varun Dhawan on board for Navratna Cool’s He Magic Duo. Another fresh face and brand ambassador is Sara Ali Khan appointed by ITC’s personal care brand Fiama. 

Gopa Kumar, COO, Isobar believes this will be a summer unlike any other. “We will see good spends this summer, not only because of the season but also because of big ticket events like the World Cup, General Election and IPL,” Kumar notes.  

Sandeep Verma, President (Sales & Marketing), Bajaj Consumer Care Ltd said, “For the Bajaj Cool Almond Drops, we have launched a 360-degree campaign and rolled out a new TVC with our brand ambassador Ravindra Jadeja. For NoMarks sunscreen, we have a targeted digital campaign. In the long term, these new product launches will contribute to a significant percentage of our company’s overall turnover. Cooling hair oils is a Rs 1,100 crore market growing at 10 per cent annually and sunscreens are a Rs 300 crore market growing at 14 per cent annually. The company aims to get to a 5 per cent share this year,” says Verma. 

Travel & Entertainment
What’s a summer without a summer holiday? As the mercury rises, brands in the travel and entertainment space are also seizing the opportunity to offer consumers new travel and entertainment offerings. Asif Riaz, AVP & Head Marketing, SOTC Travel Ltd says: “Our marketing spends are skewed for summer travel, owing to the longer duration of summer holidays for children. That said, we are also focussing on promoting a 12-month holiday calendar targeting varied segments of travellers like DINKS (Double Income No Kids), senior citizens and others.” 

Since vacation planning for summer travellers begins around the months of January and continues till March, some brands invest around 40 per cent of their annual budget on marketing initiatives within this period. One such example is Thomas Cook. The brand has rolled out a variety of campaigns throughout the first half of the year, including the ‘Grand India Holiday Carnival’ and the ‘Ghar Jao Vote Karo’ campaign encouraging people to vote. 

Abraham Alapatt, President & Group Head - Marketing, Service Quality, Value Added Services & Innovation, Thomas Cook, says, “About 60-65% of our budget (cumulatively) is invested before the conclusion of the first half of the year (H1 period). This summer, we have aligned about 50 per cent of our total budgets on digital platforms, followed by 40 per cent on Print and 10 per cent on BTL activations.” 

Another massive opportunity comes from the e-commerce sector, especially in hotel bookings. There is no one-size-fits-all for travel bookings, which is where e-commerce comes in with options that can be tailored for consumer preferences. MakeMyTrip launched its summer campaign in the month of March, featuring actors Ranveer Singh and Alia Bhatt. 

Saujanya Shrivastava, Group CMO, MakeMyTrip, explains the rationale behind the campaign. “We launched the campaign with an aim to showcase reliability of booking hotels online for business or family travel on MakeMyTrip. As India’s one-stop-travel-shop we have incredible insights on what elevates the hotel booking and stay experience for travellers,” he says. 

Likewise, other players like Yatra and ezeego1 also leveraged the election season to encourage people to head home to vote. 

Apart from travel and tourism companies, other brands leveraging the season were the travel gear brands such as Samsonite, American Tourister and VIP Industries. American Tourister is also leveraging the Cricket World Cup with brand ambassador and Indian team captain Virat Kohli. 

Anushree Tainwala, Executive Director Marketing, Samsonite South Asia says, “With cricket fever running high, we have launched our special champions edition range of travel gear and our new ‘Access to the World’ campaign themed around Virat’s journey to the World Cup. Since the summer is a big travel season, the majority of our spends are devoted to our summer campaigns for all our brands (such as American Tourister and Samsonite).” 

VIP Industries has roped in celebrity couple Saif Ali Khan and Kareena Kapoor Khan for its ‘Hello Holidays’ campaign. VIP also has a campaign for Skybags featuring Varun Dhawan. 
“This year, we associated with the IPL as the official luggage partner of Kings XI Punjab. We are also the first luggage brand to participate in the IPL as a sponsor. This is in addition to the most important step we have taken this summer, which is the repositioning of Brand VIP,” says Anirudh Pandharkar, CMO, VIP Industries. 

A significant consumer group during the summer is children. Therefore, channels like Nickelodeon, Sony Yay and Hungama have a wide range of content for kids this summer. Leena Lele Dutta, Business Head, Sony Yay says, “Kids are in for a treat as we will air new episodes of KickO and Super Speedo, the mischievous feline duo in a fresh avatar as Honey-Bunny ka Jholmaal. We will also air 13 new movies across all our properties.” 


(With inputs from Amaresh Godbole, CEO, Digitas India and  Nishi Kant, EVP & Branch Head, Dentsu Webchutney)
 

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Social Beat wins SEO mandate of Tata CLiQ tag rss

The account was won after a multi-agency pitch

e4m by sunny saini
Published: Oct 23, 2023 5:51 PM  | 2 min read
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e4m e4m Social Beat has won the SEO mandate for Tata CLiQ, one of the fastest-growing omnichannel marketplace in India. Social Beat has been entrusted with optimizing existing content, as well as launching new, optimized category pages systematically on Tata CLiQ’s platform to scale monthly organic traffic by 2x over the next year. The account was won after a multi-agency pitch and will be serviced by Social Beat’s offices in Mumbai. 

Shishir Kataria, Director - Marketing, Tata CLiQ, “Shoppers, e-commerce or otherwise, continue to heavily rely on search and discovery throughout their shopping journey, be it engaging with the latest fashion trends or hunting for the best buys. No wonder a platform's ability to be a part of this journey organically drives significant consideration for it amongst potential shoppers. We, at Tata Cliq, are confident that Social Beat will help us develop and optimise content that is highly discoverable to grow our engagement and revenue. Our goal continues to be to drive more and more shoppers to our platform with optimised and curated products and relevant content.”  

Vikas Chawla, Co-Founder, Social Beat said, “We are thrilled to partner with Tata CLiQ in their growth journey. We aim to scale traffic to the Tata CLiQ platform manyfold over the next year. Our team of specialised SEO and Content strategists will be working closely to achieve this”

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Will OOH dazzle this festive season?

As the celebrations begin, experts tell us the trends and challenges for the OOH sector this season

e4m by sunny saini
Published: Oct 12, 2023 4:13 PM  | 3 min read
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Be it the flower-clad taxis in Mumbai for Made in Heaven Season 2 promotion or Zomato’s ‘kheer mangoge kheer denge’ billboards, India's OOH advertising sector has undergone substantial transformation and expansion in the recent years. Even though the medium was severely hit during the pandemic years, it has now managed to rebuild its status. Now, with the onset of the festive season, elections and the cricket world cup, OOH is expected to see more and more advertisers come on board.

Amarjeet Hudda, Chief Operating Officer, Laqshya Media Group, believes most of the clients spend a lot of money during the festive season, especially for Durga Puja, Dussehra and Diwali, targeting their customers in a festive mood. The categories that spend heavily during these months are Auto, Consumer Durables, Real Estate, Organised retail, and E-commerce. 

According to Dipankar Sanyal of Platinum Outdoor, there was a huge surge in the festive season last year, and he expects the same this year too. “Last four to five years have turbulent for outdoor. It was picking up in 2019, but then Covid came and everything went flat for two years,” he mentioned.

According to EY-FICCI’s M&E Report 2023, OOH media grew 86 percent in 2022 to Rs 37 billion. The value includes traditional, transit and digital media, but excludes untracked unorganised OOH media such as wall paintings, billboards, ambient media, storefronts, proxy advertising.

Sharing the brand’s perspective, Shivam Ranjan, Head of Marketing, Motorola-APAC, said, “We are going into this festive season with a strong mix of media, including OOH. Within OOH, we are focusing on digital OOH, due to its capability of programmatic serving, measurability, and near real-time insights that allow us to be agile with the communication and optimisation of our campaigns.” 

With urbanisation, improved infrastructure, rising consumerism and an increased spending power, clients' expectations from OOH advertising too have evolved. “The clients expect better ROI on every investment, best in class innovations, tech-led planning and execution. Today, technology plays an important role starting from planning the campaign, to measuring metrics to ROI,” Singh explained.

Another trend that Sanyal has observed is that traditionally advertisers looked at spending on OOH nearly two weeks prior to the festivities, but now, most advertisers have now started advertising a week earlier so that they can get maximum eyeballs. Additionally, the digital OOH advertising (DOOH) has also emerged big. The digital OOH screens increased to around 100,000 and contributed eight percent of total segment revenues.

“Now with digital, there is more space for advertisers to come in one frame. Because of this, you can see it is getting more attractive. The innovations too are coming in at a much lower cost and creating a greater impact,” shared Sanyal.

The only challenge with the medium, according to Ranjan, is OOH being a fragmented industry with lack of measurability and agility. This becomes a serious issue for ROI-centric brands. However, the growth of DOOH, which is dynamic, agile and measurable, is giving marketers the confidence to invest in the medium backed by relevant data and outcomes. 

Adding to this, Hudda highlighted that availability of good media spots is the biggest challenge in this season as media assets are limited and demand is very high. Due to the gap in the festive season, many clients are not able to fully optimise their campaigns. Rather sometimes, clients are even compelled to divert their budget which adversely impacts the industry, he shared.

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Banking on positive consumer sentiment: BFSI optimistic on doubling festive AdEx : Cache

Some categories within the sector, however, may spend more in the quarter that follows the festive season

e4m by sunny saini
Published: Oct 11, 2023 6:10 PM  | 5 min read
banking

The BFSI sector is expecting a surge in demand for loan during the festive season and is looking at increasing its ad spends to cash in on the celebration spirit. Industry leaders say they are hopeful of witnessing a good growth in the number of applications for auto loan, home loan, credit card and health insurance during October, November and December due to positive consumer sentiment this year. However, though most of the BFSI players are planning to double their advertising budget this time compared to the previous year, there are some who are not investing too heavily on marketing during the festivals as they plan to save the money for the fourth quarter.  

According to Shailendra Singh, MD & CEO, BOB Financial, they witness incremental growth every year during the October-December quarter, and they anticipate an increase in consumer spending as well as new enrolments for cards this year too. “There remains a surge in customer demand for credit during the festive season,” said Singh. 

Singh shared that the company is fully geared up for the launch of #FestiveShoppingRewards on all Bank of Baroda credit card variants under the theme ‘Reimagine Festivities’. They would kickstart festive offerings with the start of Navratri. 

The festive season does not just see the demand for credit go up, but there is an increase in applications for health and motor insurance too during this time of the year.

Aabhinna Suresh Khare, Chief Digital & Marketing Officer, BajajCapital Ltd, shared that among insurance products, health insurance and motor insurance reign supreme during festivals. According to Khare, the demand for mutual funds and SIPs too sees a hike.

“Overall, the festive season presents an opportune moment to secure insurance coverage. A plethora of attractive products and services are on offer, with financial institutions extending special discounts and promotions to entice new customers,” said Khare. 

The company launched #BlessMeGanesha campaign during Ganesh Chaturthi. “Our goal for this festive season is not only to provide financial solutions but also to create memorable experiences and deepen the connection with our customers,” said Khare. 

Though all major sectors spend heavily on advertising during the festive season, within the BFSI sector, some categories spend more in the quarter that follows the festive season.  

Explaining the trend, Samir Sethi, Head of Brand Marketing, Policybazaar.com, said that the festive season has varying impacts on the BFSI sector. In the banking sector, for instance, the demand for loans surges as many individuals purchase items and undertake home renovations. Conversely, in the insurance category, the festive season doesn't result in significant changes. Instead, the insurance industry experiences its peak season after the festive period, particularly during the fourth quarter of the financial year. 

“As the festive season approaches, there is a noticeable increase in car sales though, leading to a surge in the demand for motor insurance. Consequently, we see a significant uptick in the requests for motor insurance policies. During the festive period, there is an upswing in demand for various categories, such as electronics. However, in the insurance sector, this period doesn't significantly affect us, so we don't run specific campaigns targeting festivals. Nevertheless, we do roll out multiple campaigns throughout the year, and some of them may coincide with the festive season,” said Sethi. 

According to the TAM AdEx report on BFSI sector across media for H1, the advertising volume of the sector grew on TV, radio and digital, but declined in the print medium. The report indicated that ad impressions on digital saw 91% rise during Jan-Jun '23 over Jan-Jun’22. The increase was 32% for radio and 4% for TV. The ad space of the BFSI sector decreased by 7% in print. 

Speaking on media mix, Singh shared that BOB Financial has a good mix of customer segments belonging to Tier I, II and III.  So, understanding their needs and preferred form of media channels, the company will reach out to them through relevant media promotions. “For the easy discovery of our offers, we shall have a dedicated offers page with regular promotion of top offers on our social media and other digital channels,” said Singh. Without disclosing the figure, Singh shared that the company’s promotion budget has surely increased from last year and it will be visible through their multi-channel promotional activities.

According to the TAM report, in the BFSI sector, life insurance is the leading category on TV and radio whereas mutual funds is the top category on digital. 

Khare highlighted that in recent times, Bajaj Capital has observed a significant growth in audiences on online platforms and the changing preferences of their clientele. “This observation led us to recalibrate our marketing approach, placing a heightened emphasis on digital avenues,” said Khare. 

He further added, “Our promotional efforts are primarily digital-focused, accentuating areas like social media engagement, search engine outreach, content-driven marketing, and targeted online advertising. As we approach the festive season, we've fine-tuned our online approach. By harnessing the insights from data analytics, we aim to grasp our clients' needs and inclinations better, ensuring our content is both tailored and pertinent.”

Khare also mentioned that Baja Capital has doubled its advertising budget compared to the previous year. 

“This increase in our ad spend signifies our confidence in the opportunities this festive season presents. This impressive surge in our budget allocation underscores our dedication to maximizing the potential of this festive season and driving significant expansion within our business. We firmly believe that this increased investment in advertising will not only elevate our brand presence but also lead to an exceptional uptick in customer engagement and sales.” 

For Policybazaar.com, the media strategy primarily involves a blend of television and digital platforms, an approach that has remained consistent in recent years and is expected to continue in the foreseeable future.

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OMD appoints Dileep Raj Singh as Head of Digital for APAC

Singh will report to Charlotte Lee, CEO of OMD APAC

e4m by exchange4media Staff
Published: Aug 26, 2023 9:02 AM  | 3 min read
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OMD has added a Head of Digital (HOD) to its Asia Pacific (APAC) regional leadership team with the hiring of Dileep Raj Singh.

Singh is a digital native and brings with him a wealth of experience across product, media agency and client side in APAC, North America and the United Kingdom. His last 10 years have been spent building diverse digital marketing teams covering areas like performance marketing, digital media planning, ad/martech, product marketing, branding and measurement.

As HOD, he will accelerate OMD’s digital leadership agenda, rooted in helping clients address their business challenges and digital ambitions. He will be supporting OMD’s local teams in APAC on operational excellence, and digital transformation frameworks and roadmaps; and the development and implementation of our digital leadership agenda. He will also be working hand in hand with both our regional and global networks to initiate complementary workstreams for our clients in APAC.

“We will continue to invest and win in digital as part of our wider goal to be our clients’ most trusted business transformation partner,” said Charlotte Lee, CEO of OMD APAC.

“It is our global ambition to continue our leadership position in digital, data and technology. In line with this ambition, we are excited to have Singh come on board the OMD APAC leadership team. His background of agency, in-house and start-up experience position him perfectly to understand and address our clients’ business needs,” added Lee.

“Digital media and access to our audience, as we know it, is changing quite rapidly around us. This puts most of us in a delicate but remarkable position, a position from which we can shape and contribute to conversations about the next evolution of digital media. As we embark on this journey, I want to leverage the strength of the OMD network – people, technology, data, tools and platforms – to help our clients pivot and navigate through all the new and evolved possibilities in digital media. With this, I aim to position OMD as an unrivaled partner for our current and future clients; to dominate and succeed in this incredibly competitive and multifarious digital realm,” said Singh.

Singh will report to Lee, and work closely with the team including Chief Strategy Officer (CSO), David McCallen, and Chief Client Officer (CCO), Sadhan Mishra, to drive and support APAC local markets as well as regional clients on digital, data and technology needs.

Mishra was promoted to CCO of OMD APAC recently in June 2023. He will continue to be CEO of OMD Singapore, a position he was promoted into last August. Mishra has been with OMD for over 13 years and in his concurrent new role as CCO, he will focus on key client relationships, understanding their business needs and ensuring we remain a critical partner on their transformation journeys.

McCallen was elevated to the role of CSO of OMD APAC in April 2022, and was previously the CSO of OMD New Zealand for five years where he helped the agency to attain the top place in the market for new business, overall billings and award wins. Since starting in the APAC role, his focus has been on connecting and elevating strategic best practices across the region, building capabilities across a range of strategic outputs, and supporting new business growth both regionally and locally.

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

Chandrayaan 3: Brands over the Moon

Some of the best moment marketing posts on India's crucial lunar mission

e4m by exchange4media Staff
Published: Aug 24, 2023 2:22 PM  | 1 min read
Chandrayaan

The nation is in a celebratory mood with its moon mission Chandrayaan 3 making its smooth landing on the lunar surface on the evening of August 23, 2023. The Pragyan rover is in pursuit of discovering water on the moon and is a vital feat for India's ambitious space research. 

To celebrate this momentous episode in Indian space research history, netizens have taken to the internet to express their excitement, hopes and fears for the nation's  lunar mission. Joining them are brands who have crafted creatives to mark the historic occasion and capture the emotions of the nation who have their eyes set on the moon. Here is our pick of some of the best Chandrayaan 3-moment marketing posts.

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BCCI rakes in Rs 4670 cr in Women's Premier League team auction: Jay Shah 26 Jan

WPL has broken the inaugural auction record of Men's IPL in 2008, tweeted Shah

e4m by sunny saini
Published: Jan 26, 2023 4:21 PM  | 2 min read
women ipl

As expected, Wednesday turned out to be another historic day in Indian women's cricket with BCCI having a windfall gain of Rs 4,600 crores by auctioning five team franchises for the first season, a higher sum compared to what men’s IPL franchises offered to the cricket body during the launch in 2008.  

 Adani, IndiaWin Sports, Royal Challengers, GSW- GMR cricket and Capri Global have won the bid,   BCCI secretary Jay Shah tweeted.

Shah shared in a series of tweets, “Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men's IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid.” 

“This marks the beginning of a revolution in women's cricket and paves the way for a transformative journey ahead not only for our women cricketers but for the entire sports fraternity. The #WPL would bring necessary reforms in women's cricket and would ensure an all-encompassing ecosystem that benefits each and every stakeholder.”

“The @BCCI has named the league - Women's Premier League (WPL). Let the journey begin…”

The country's top corporates had bid aggressively for the league. Over 16 groups including IPL franchise owners, Adani group, Torrent and Haldiram were believed to be in the fray. 

Given the popularity of IPL in India, the event is touted to be a big draw for all stakeholders involved. 

The BCCI was reportedly expecting ₹4,000 crore gain through team auction.

It’s noteworthy that Viacom18 has won the Women's IPL media rights for Rs 951 crore for the next five years creating euphoria around the league whose first season will be held in March.

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