Tag: FMCG

  • Google’s Nikhil Rungta joins Yebhi.com

    Google’s Nikhil Rungta joins Yebhi.com

    MUMBAI: Google India country marketing head Nikhil Rungta has resigned from his post at the company to join Yebhi.com as chief business officer.

    Rungta will be responsible for the strategy, planning and execution of the company‘s sales, marketing and product development.

    Big Shoe Bazaar (brand owner of Yebhi.com) CEO Manmohan Agarwal said, “We are extremely happy to welcome Nikhil to the Yebhi team. He brings with him wealth of experience and knowledge after serving more than 15 years with leading organisations. We are confident that he will have a similar success at Yebhi.com.”

    Rungta said, “This is a new challenge and I am very excited as I get onto this new journey. I will be teeing off with a new TV campaign based on the concept of ‘Try and Buy‘. The new feature ‘Try n Buy‘ initiated by Yebhi will be the game changer for the E-commerce category and will help in taking the category to the next level. The campaign came from a deep understanding of how consumers buy online and the fact that one of the biggest barriers to purchase is lack of touch and feel of the product. Now the consumer can order products through Yebhi.com and only buy after trying or checking out the product.”

    Rungta was the country marketing head at Google since 2009. He was responsible for all Google products including Search, Youtube, Chrome, Google+, Android. Prior to Google, he was the head of marketing for Yatra.com where he was a part of the leadership team.

    His 15-year career in sales and marketing includes work across various categories like FMCG, Consumer Durables, Finance, IT and Travel Services.

  • Women Power: Divya Radhakrishnan

    Divya Radhakrishnan could have ideally fitted into a banking or finance career after graduating in economics. But it is the world of marketing and communications that fascinated her. And that is how she moved into the advertising profession.

    With over 24 years of experience, Radhakrishnan moved up the ladder across agencies like Dacunha Communications, Publicis Zen and Rediffusion Y&R. After becoming president at TME, the media arm of Rediffusion-Y&R, she decided to start her own venture and floated Helios Media in December 2011.

    In the second part of our International Women’s Day coverage, Indiantelevision.com looks at the lady who says that the “gender divide” has vanished over the years as she moved up the hierarchy. Radhakrishnan believes that a “CEO is a CEO be it in a suit or a skirt!”

    What has your experience as a woman in the media business been over all these years?
    When I joined the media business two decades ago, most media agency heads were women – Roda Mehta, Lynn D‘Souza, Ketaki Gupte and Kalpana Sathe. Having said that, it‘s not as if this was any reason for me to choose this space. Being part of a full service agency, most of my colleagues were men (the boss I was reporting into was a man too!). Hence, there wasn’t any gender leaning of any sorts.

    However, large amount of media spends in my early days of media planning was driven by FMCGs and most media plans therefore were housewife centric. Therefore, there was a slight edge in understanding behaviour (not that it gave me, a thoroughbred Mumbaikar, an upper hand about housewives in Kerala to sell Kanan Devan Tea to them).

    As I rose up the ranks to head the agency, this so called gender divide vanished. A CEO is a CEO be it in a suit or a skirt.

    In my current role as a person running my own company in the media space, all I can say is it gets noticed a bit that “yes she is a woman too!”. I am also discovering special allowances that the government has for women entrepreneurs which makes me feel very proud of our Indian governance. For example, the scheme for Small enterprises for financing by PSU banks has greater flexibility if the owner is a woman.

    How conducive is the environment for women to thrive in the media business today?
    Communications business has been about delivering the right ideas and ideas that work. Hence there needn‘t be any deterrent about being a woman to succeed in this space. The environment today is more conducive than ever before with the mobility of the office tools, with laptops and smart phones one needn‘t be tied down to your desk to complete work. The deadlines remain impossible like before but this flexibility keeps a check on the hours at office. Like it’s said “Office begins at 9 am but work begins at 7 am”.

    What are the major challenges women face today in the media biz?
    The challenges faced by women are the same as that of men. The challenges do not differentiate gender. But if I have to give specific examples pertaining to women, I would rather elaborate the opportunities than challenges because a challenge is a challenge till you face it and then it promptly converts into an opportunity.

    What changes would you like to see in the work environment to make it a better and more conducive place for women?
    Changes, I want to see is for the profession per se:
    1. Enough training opportunities before students take their career decisions of coming into media. Many a times, they do it blindly.
    2. Practical exposure rather than exposure to database. “Can you run TAM/IRS software” is a question that should be banned in interviews for Junior planners
    3. Diversion of business outside of the metros is not just about servicing a client in Trichur but getting closer to the consumer located there.

    On the personal front, which are the TV shows that you like watching more? Does this influence your buying and planning decisions positively?
    I am a voracious media consumer myself. I read five newspapers in the morning, listen to radio at drive time, surf net during the day and watch a lot of TV at night. I love daily soaps on GECs and reality shows (however uncool that may sound, don’t care). During my media planning days, I made sure that I had sampled whatever I recommended in my plans. This was a result of my early training days.

    What kind of movies are you fond of?
    Hardcore Bollywood entertainment.

    What is your vision of media and the role of women in it 5-10 years down the road?
    Media business has clearly demonstrated that there is equal space for all. It depends purely on your talent. Early days of women agency heads to current trend of men, five years down the line there will be no doubt at all of any wanting to know if the gender had any role to play for these positions which will get clearly established. Leadership definitions 10 years hence will be determined by pure leadership skills rather than the technical media knowledge. Gautam (Kiyawat) at Madison has already set this trend going.

    What are your views on traditional media?
    In the context of India‘s population construct, traditional media like press is yet to reach its optimum reach capability where it hovers currently at over 45 per cent. With literacy catching up, this will expand. TV, The more popular traditional medium, though larger, is still to reach the entire spread of the nation.

    What is your perception of emerging media such as the mobile screen, tablets, online and social media? And your perception of these being used as a targeted medium to communicate brand messages to consumers?
    Any place, space, time that a consumer can be found (even if it is a wash-room) becomes a medium. I think the line of traditional and emerging does not exist.

    And specifically mobile screens are certainly not emerging as they have travelled even beyond electricity and reached villages where consumers charge their phones on solar energy.

    All product categories have their own defined set of consumers and their media habits therefore become the relevant medium for the brands in that category. One cannot generalise on a medium per se. What works for one will not necessarily work for another.

    What will the media buying look like in 10 years from now?
    Media agency is the better terminology and not media buying agency. For a media investment to get its full worth, it needs to go through a full-service media agency and not focus on buying alone. This will become a fundamental given in 10 years wherein it will get more and more complicated to get those elusive reach numbers. Strategies will have to evolve towards providing the consumer “Opportunity to experience” (OTX) rather than the traditional “Opportunity to see” (OTS).

    What advice would you give to the young girls entering the business of media today?
    Be aware of what you are getting into. Early years of media business is extremely challenging and one needs to be fully researched on what it entails.

    Be a voracious consumer of media yourself – my favourite example is the men at the saree shop who drape the saree around themselves unabashedly to demonstrate the saree‘s beauty.

    Be well-read about society and people to map behaviour which needs to reflect on the media strategies. Rise above the numbers that data throws at you to give the client true value for his investments

    Whoever controls Media controls the Mind…. a space we women want to be in our relationships!

  • MICA launches Mica Indian Marketing Intelligence (MIMI)

    MUMBAI: Mudra Institute of Communications, Ahmedabad (Mica) has launched a market intelligence product called Mica Indian Marketing Intelligence (MIMI) that assists businesses in making sound and strategic marketing and business decisions in India.

    India‘s complex socio-cultural, political and demographical mix can present challenges in terms of developing new products, identifying market segments, designing market-entry strategy and effectively launching products into different regional markets with greater variation.

    Built around a data-fusion algorithm developed by the Professors and researchers of MICA, MIMI fuses the variety of structured information, compiled from authentic sources, to provide a composite, granular market-view. It also provides Market Potential Index (MPI) and other data separately for rural, urban and total Indian market for more than 630 districts, hitherto not provided by any other similar product.

    Mimi can be used by strategic decision makers to make informed marketing decision in various industry sectors like advertising, manufacturing, FMCG, durables, banking and finance.

    Mimi can also be used by researchers, consultants, entrepreneurs, academicians and students to get a better understanding of markets and their potential across India.

    The main highlights of MIMI are:

    • Provides Market Potential Index: As one of the most acute needs of the marketer is to arrive at a district prioritization for purposes ranging from market entry to product/Service launch, MIMI provides Market Potential Index (MPI) for 630 districts for rural, urban and total market. The higher the MPI, the higher is the market prioritisation. 
    • Provides a Wide array of Information and applicability: With 143 variables across rural and urban market, MIMI provides data related to Demographics, Agricultural, Financial Services, Media Ownership, Vehicle Ownership, House Hold (HH) Size and Usage, HH Basic Amenities, HH Light and Fuel, etc. to be applied across sectors ranging from Construction and FMCG to Telecom. 
    • Simplifies decision making: To interpret the data quickly and effectively, MIMI provides a host of features like Graphs, GIS maps, Quartile and Potentiometer in downloadable format. These features are helpful for better presentation of the data and clarity of analysis. For example, if a marketer would like to target a specific region, the Quartile-based model helps him to compare various districts on selected variables, simultaneously, to arrive at a comparative picture. 
    • User Friendly interface: With a highly interactive website and user friendly interface ,you can perform a large number of functions like execute simple arithmetic functions, customise variables, save work-space, compare districts across the states, besides others, with the help of MIMI‘s superlative filtered features.
    • Comes with Zero IT cost: MIMI is based on a powerful cloud platform. While the industries across all the verticals have understood and appreciated the importance of Cloud Computing. Mimi ensures that clients get a high performance platform without having to worry about software upgrades and hardware maintenance.
    • Has Composite score for selected categories of variables: To better understand the prosperity of a district and penetration of assets, composite score for selected categories of variables like agriculture, financial services, media ownership, and vehicle ownership are provided.

    Future Brands MD and CEO Santosh Desai said, “Mimi fills a crucial gap by putting together a comprehensive database that will provide immense value to business and research alike.”

    Center for Media Studies chairman Dr N Bhaskara Rao said, “Mimi is an invaluable one- stop reference source and master guide. It cannot be avoided by anyone interested in strategic marketing at macro and micro levels.”

  • Marico in list of top advertisers by volume as Bharti Airtel slips out

    MUMBAI: Bharti Airtel has cut down its advertising on television and shifted allocations to other mediums in 2012, a year marked by slowdown and a difficult market condition for telecom companies.

    Bharti Airtel has fallen off the list of top 10 advertisers on television in terms of volumes, according to TAM AdEX‘s ranking in 2012. The telecom major held the number 10 spot in the TAM AdEx‘s list of top ten advertisers in 2011.

    Replacing Bharti Airtel is fast moving consumer goods (FMCG) manufacturer Marico. Not figuring in the list in 2011, Marico has marked its aggression to gain the tenth spot with one percent share in advertising volume on television.

    Top 10 Advertisers in 2012 on TV
    Rank
    Advertisers
    % Share
    1
    Hindustan Lever Ltd
    8
    2
    Cadburys India Ltd
    2
    3
    Reckitt Benckiser (india) Ltd
    2
    4
    Itc Ltd
    2
    5
    Procter & Gamble
    2
    6
    Colgate Palmolive India Ltd
    1
    7
    Ponds India
    1
    8
    Coca Cola India Ltd
    1
    9
    Samsung India Electronics Ltd
    1
    10
    Marico Ltd
    1

    Bharti Airtel has upped its ad inventory on digital and on ground marketing initiatives. Agrees a top media buyer who is familiar with the ad spends of telecom companies, “The shift to digital and on ground in case of Bharti Airtel would be the main reason why its volume of advertising on television has decreased. If you see the whole picture, the overall media spends may not have gone down so much, but resources have been shifted to focus on other aspects of a 360 degree media plan. The BCCI and F1 sponsorships are no small investments.”

    Top 10 Advertisers in 2011 on TV
    Rank
    Advertisers
    % Share
    1
    Hindustan Lever Ltd
    8
    2
    Reckitt Benckiser (india) Ltd
    3
    3
    Cadburys India Ltd
    2
    4
    Itc Ltd
    2
    5
    Procter & Gamble
    2
    6
    Ponds India
    1
    7
    Coca Cola India Ltd
    1
    8
    Colgate Palmolive India Ltd
    1
    9
    Bharti Airtel Ltd
    1
    10
    Smithkline Beecham
    1

    Bharti Airtel is one of the major ad spenders in India and has been on expensive mediums like cricket. The telecom major bagged the BCCI sponsorship rights of all international cricket matches played in India for the period 2010-2013.

    “While telecom companies in general have reduced their ad inventory on television, in case of Bharti Airtel this fall has been sharp. Even on TV, some of the focus has shifted to niche channels,” says Zeel chief sales officer Ashish Sehgal.

    Bharti Airtel’s consolidated net profit has been falling for the past 12 quarters on rising expenses. The company is also faced with large cash outflows in 2013-14 on account of one-time spectrum fees and licence renewal fees, for which it is expected to preserve cash.

    The reduction in TV ad volumes by Bharti Airtel could also be a reflection of the general economic slowdown that the industry is experiencing. While advertisers in general have either cut back on advertising and promotion spends or refrained from increasing them, FMCG companies have been increasing the same and this has been reflected in more FMCGs figuring in the top ten advertisers.

    Of the top ten advertisers on television, nine belong to the FMCG category (same as in 2011). Samsung India Electronics Ltd, a consumer durables company, is the only outsider at number nine. HUL is the number one advertiser with eight per cent of the television ads share by volume followed by Cadbury India, Reckitt Benckiser, ITC Ltd and P&G (in that order), all claiming two per cent of ad volume.

    MediaCom CEO Debraj Tripathi says, “Now that the slowdown has hit the industry, the telecoms are keeping a check on their spends and investing sparingly, while the FMCGs are robust on advertising.”

    Though TAM AdEx only gives ad volumes, Marico has also increased its spends in value terms. The company, which has been selling brands such as Saffola and Parachute, has upped its ad spends for the period of January-December by 16.67 per cent from Rs 3.54 billion in 2011 to Rs 4.13 billion in 2012.

    “Marico has been making efforts to increase market share. It has also launched new products and been trying to aggressively grow its brands. The aggression is marked with the acquisition of personal care brands of Paras Pharma from Reckitt Benckiser,” says a media analyst.

  • P&G continues robust spends on ad and promo in Q2 FY13

    MUMBAI: Keeping up with the trend of FMCG companies expanding media spends, Procter & Gamble Hygiene and Health Care Ltd (PGHHCL) upped its advertising expenditure by 35.77 per cent for the second quarter ended 31 December. The company spent Rs 945.8 million in the second quarter compared with Rs 696.6 million a year earlier.

    The ad spends exceeded the company‘s net profit in the second quarter by a wider margin compared with a year earlier. In the second quarter of FY13, the company‘s net profit was Rs 539.9 million, up 5.47 per cent from Rs 511.9 million a year earlier. Its total income in the second quarter grew by 32.68 per cent to Rs 4.71 billion from Rs 3.55 billion a year earlier.

    The company‘s advertising spend to total income ratio was up marginally in Q2 FY13 to 20.09 per cent from 19.61 per cent a year earlier.

    For the half year ended 31 December, P&G spent Rs 1.63 billion on advertising and promotion. This is a 22.56 per cent increase from H1 FY12‘s Rs 1.33 billion. The company‘s total income for the first half rose by 28.77 per cent to Rs 8.46 billion from Rs 6.57 billion a year earlier. The company‘s profit for the first half stood at Rs 992.6 million, up 5.63 per cent from Rs 393.7 million a year earlier.

    P&G managing director Shantanu Khosla said, “Procter & Gamble Hygiene and Health Care Ltd has sustained & improved the past quarter‘s strong growth momentum. We have registered robust sales and volume growth for the quarter ended December 31, 2012, as we implement our proven business model of delivering value to the consumers combined with effective pricing and productivity which is helping deliver consistent top and bottom-line growth.”

  • HUL increases ad spend by 19% in Q3

    MUMBAI: FMCG major Hindustan Unilever Ltd (HUL) increased its spending on advertising and promotions for the fourth consecutive quarter ended 31 December as competitive intensity continued to be high.

    HUL‘s spending on advertising in the quarter ended 31 December, the third quarter of financial year 2012-13, rose 19 per cent to Rs 8.22 billion from Rs 6.90 billion a year earlier.

    The increase in ad spend by HUL has served as a relief to television broadcasters in a year of slowdown. Incidentally, HUL is the largest ad spender in the country.

    Broadcasters have looked at FMCG companies to rescue them from a slowdown in their ad revenues this fiscal as certain high-spending categories like financial services have pulled back spends. While certain broadcasters have admitted that ad revenue growth in the first two quarters have been muted, the third quarter has been particularly good.

    For the nine months ended 31 December, HUL‘s advertising spend increased by 22 per cent to Rs 24.10 billion from Rs 19.74 billion a year earlier.

    HUL said, “The operating context remained challenging during the third quarter with input costs holding firm and high competitive intensity. Advertising and promotion was stepped up and maintained at competitive levels.”

    The company increased its spend on advertising for the first time in the fourth quarter of 2011-12 after a slowing economy dented ad spends for a few quarters. In the quarter ended 31 March 2012, its advertising spends were Rs 6.77 billion, up 8.67 per cent from a year earlier.

    For the whole of 2011-12, HUL‘s advertising spends was down 3.58 per cent to Rs 26.97 billion from Rs 27.97 billion a year earlier.

    During the third quarter of 2012-13, the domestic consumer business of HUL grew by 15 per cent with the underlying volume growth of 5 per cent. Both its home and personal care (HPC) and food & beverages (F&B) businesses registered double digit growth.

    HUL said despite intense competition, its net profit increased 16 per cent to Rs 8.71 billion in the quarter ended 31 December from Rs 7.25 billion a year earlier.

    HUL chairman Harish Manwani said, “In an environment that continued to be challenging, we have delivered another quarter of broad-based growth and margin expansion.”

  • IAA announces categories for Leadership Awards

    MUMBAI: The International Advertising Association‘s (IAA) India chapter has revealed the categories for the first IAA leadership awards.

    The categories cover a wide spectrum of verticals from auto, banking, media & entertainment and telecom to FMCG.

    The IAA Leadership Awards categories are — Media Agency Head of the Year, Creative Agency Head of the Year, Marketer of the Year: Media & Entertainment, Marketer of the Year: Banking, Marketer of the Year: Insurance, Marketer of the Year: Auto Passenger Vehicles, Marketer of the Year: Auto Commercial vehicles, Marketer of the Year: Household Products, Marketer of the Year: FMCG – Food & Beverages, Marketer of the Year: FMCG – Personal Care, Marketer of the Year: FMCG – Consumer Durables, Marketer of the Year: Telecom Products, Marketer of the Year: Travel & Hospitality, Best CEO, News Anchor of the Year, Media Person of the Year, Editor of the Year and Hall of Fame.

    IAA leadership awards aim to bring together the disciplines of Marketing, Advertising and Media under one roof. The awards will recognise and honor “outstanding” individuals in the fields of Marketing, Advertising and Media.

    Presented by Hindi general entertainment channel (GEC) Colors, the award is scheduled to be held in Mumbai on 2 February.

    IAA president Srinivasan Swamy said, “The IAA Leadership Awards salutes the hard work put in by individuals to make a difference to the brands they work for. The categories have been selected to ensure that individuals from various sectors are covered.”

    In order to ensure the process is seen as transparent, IAA has appointed the experienced marketing research company AC Nielsen to execute the nomination and voting process.

    Further Ernst & Young has been appointed to conduct audit and validate the entire process. The winners will be decided in a two-stage selection process; the first stage will include nominations and shortlisting by seasoned marketing, media and advertising professionals; and the second stage will be the final selection of winners by a voting process among the shortlisted nominees, by respective senior industry peers.

    In the first edition of the annual awards, Information and Broadcasting minister Manish Tewari will be present as the chief guest.

  • Jaibeer Ahmad quits Saatchi & Saatchi to join Cheil Worldwide

    MUMBAI: Saatchi & Saatchi vice president Jaibeer Ahmad has decided to move on from the agency after a stint of over two years.

    Ahmad is on his way to join Cheil Worldwide. However, his designation at Cheil is still not announced.

    He will continue to be based in New Delhi. His responsibilities at Saatchi & Saatchi included driving top line growth through organic and new business development, relationship management, ownership of the strategic and creative output for all brands, team building, retention and training.

    Ahmad has over 12 years of experience in advertising and marketing. He has worked across multiple product categories including Telecom, FMCG, Durables, Online and Media others. He has worked with brands like Airtel, Nestle, LG, Samsung, Whirplool, SC Johnson, Carlsberg, OLX and India Today.

    Prior to joining Saatchi & Saatchi, he had also worked with DRAFTFCB+Ulka Advertising, Ogilvy & Mather, Lowe Lintas, Samsung Electronics, Rediffusion DYR and RKSwamy BBDO.

  • Indian ad revenue to grow by 8.7% in 2013: Magna Global

    MUMBAI: The Indian ad revenue market is projected to grow 8.7 per cent in 2013 with internet leading the growth at 31.2 per cent, says Magna Global’s ‘Global Advertising Forecast Report December 2012’ report.

    As per the report, Indian advertising revenue grew by 2.6 per cent to a total of Rs 334 billion in 2012. The growth was led by Internet which saw a 68.1 per cent growth and Television that saw growth of 4.53 per cent.

    Internet has moved up to third largest media category with 6 per cent market share after television and newspaper.

    “Internet has been the clear beneficiary of decelerating Print. Growth is driven by mobile devices which have leapfrogged PC penetration. Online video is considered more and more by TV driven categories like FMCG and Automobile. Paid social and rich media formats continue to keep the display market invigorated,” the report said.

    It also said that mobile and video advertising is expected to double its revenue while paid search and display will consolidate further. Television will see change in delivery mechanism with the digital foot print increasing to 38 cities. With Government of India opening up Radio stations for private players in 227 cities, the category will see a growth of 4.6 per cent.

    Newspapers, the report believes, will benefit from political advertising due to state elections.

    The Magna Global has also revised its forecast for media owners advertising revenue which is expected to grow by 3.1 per cent in 2013 as opposed to its earlier projection of 4.5 per cent in June this year.

    “This is 1.4 per cent less than our previous forecast published in June 2012 (4.5 per cent). The revision is mostly caused by a slow-down in economic growth and continued economic uncertainty in Europe and the US, as well as the cautionary marketing spend that took place in the second half of this year,” the agency said.

    On a global basis, 2013 will be a seventh consecutive year of decline for newspapers’ ad revenues (3.4 per cent) as fewer emerging markets now record enough growth to offset the rapid decline otherwise observed in developed markets. Magazines will decline by 4.3 per cent, still suffering from the combined pressure of television and the growing targeting capabilities of digital media.

    The report also predicts that television advertising growth will slow down to 2.3 per cent, mostly due to the US market (US television represents about a third of global television: $62 billion in a $202 billion global market). Out-of-home ad sales (including cinema) will increase by 3.4 per cent while Radio will grow by an average 1.5 per cent.

    Digital media revenues will increase by 13.5 per cent. The study said that the PC display format (banners, sponsorship) are now barely growing (6 per cent) as more investment shifts towards online video and mobile-based formats, and Paid Search remains robust (14 per cent).

    Magna Global EVP, director of Global Forecasting and author of the report Vincent Letang said, “Tablets have been the fastest device ever to reach 50 million users in less than three years. As they become more affordable, we are seeing an explosion in the volume and the nature of mobile media usage. Marketers are gradually embracing the new marketing and branding opportunities: mobile advertising already represents $6 billion globally, i.e. 6 per cent of digital advertising and 1 per cent of total advertising. Magna Global is predicting the format to grow to $24 billion by 2017, reaching 14 per cent of global digital advertising and 4 per cent of overall advertising revenues.”

    The study revealed that in 2012, media companies around the world saw their advertising revenues grow by 3.8 per cent to total $479.9 billion (constant USD 2011 basis). This new estimate is slightly lower (-1.0 per cent) than the agency’s previous prediction in June 2012, with most of the difference coming from Western Europe (from -0.2 per cent to -2.8 per cent).

    Amidst slow economic growth and weak advertising demand, the “quadrennial” events of 2012 were a minor driver for advertising expenditure globally, but provided mixed results regionally. The London Olympics were a huge audience success in the US, and the rights-holder NBC maximised monetisation across television and digital platforms, stealing share from direct competitors but increasing national TV spend as a whole. However, in most other markets the event was neutral or even detrimental for television.

    The research company expects more robust advertising growth from 2014, as global economy stabilises, they have slightly reduced their mid-term forecasts. The company now expects 2014 to grow 6.0 per cent (previously 6.3 per cent) and 2015 by 4.9 per cent (previously 5.3 per cent). “Slowing-down factors are still at work however. Among them the switch to digital and the deflationary pressure it creates. Our 2012 Magna Global Media Cost Study showed that cost-per-thousand impressions (CPMs) are on average $39 in newspapers and $21 in magazines, across the 40 markets analysed. That’s more than television costs and five times more than online display.”

    Meanwhile online advertising is becoming cheaper still as programmatic buying is developing. A recent Magna Global study forecast that 43 per cent of total online display will be traded through programmatic mechanisms (or exchanges) in the US by 2017. At the same time expensive premium formats like online video are starting to reduce their premium and align their CPMs with those of broadcast TV.

    A deflationary digital media space means that, as marketers switch budgets from traditional media towards digital media to follow their consumers, they also take advantage of a media mix that comes cheaper. And unless they find themselves in a growing or highly competitive market, they are not likely to use the savings to increase the advertising pressure or share of voice. That mechanism is very much at work in the developed world and it will gradually affect some of the emerging ad markets over the 2014-2017 period, as digital media reaches a 20 per cent market share or more and programmatic buying tools become widespread, the company report stated.

  • Godrej looks to wow audiences with Godrej Expert Rich Creme TVC

    MUMBAI: FMCG major Godrej Consumer Products Limited (GCPL) has launched a new range of hair colour products called Godrej Expert Rich Cr?¨me. In order to create a buzz around the launch of the range, the company has launched a new television commercial.

    The creative agency behind the campaign is Creativeland Asia.
    The TVC features actor and entrepreneur Parizaad Zorabian. She plays the role of a mother who is hesitant to apply hair colour. Her daughter, however, convinces her to shed her reservation about hair colour by explaining the features of the new hair colour from Godrej. Zorabian is finally convinced of this cr?¨me and surprises her daughter and husband with her new look.

    Godrej Consumer Products Limited executive vice president marketing and sales Sunil Kataria said, “Through the TVC we were keen to showcase the convenience of applying the hair colour and highlight the unique features of the brand. We are confident that this cutting-edge product will fuel category growth & will deliver a significantly better experience to the consumers.”

    Creativeland Asia executive creative director Anu Joseph said, “The TVC carries through the ‘OMG‘ factor of the product offering, communicating the convenience of pre-measured sachets, the economical price and the ease to achieve a ‘younger look‘. It also captures the do-it-yourself (DIY) or at-home colouring experience.”