Tag: marketing

  • Paytm shrinks loss to Rs 1,704 cr in FY21

    New Delhi: Digital payments firm Paytm has reported narrowing of its loss for the second consecutive fiscal year. According to its annual report, the company has reduced its consolidated loss from Rs 2,943.32 crore loss in 2019-20 to Rs 1,704 crore for 2020-21.

    The total revenue of the company has decreased about 10 per cent to Rs 3,186 crore in 2020-21 compared to Rs 3,540.77 crore in the previous year. Expenses have come down 22 per cent to Rs 4,782.95 crore, largely because of the cut down on marketing and promotional expenses.

    According to the company spokesperson, despite a significant disruption in the business of the merchant partners due to the ongoing pandemic especially in the first half of the year, “the company has had a minimal impact on revenues, due to strong recovery in the second half of the year.”

    “As Covid-19 continues to spread across the globe and India, it has had an impact on all local and global economic activities. The company has considered the possible effects that may result from COVID-19, on the carrying amount of the receivables, investments, goodwill etc,” the report said.

  • Nestlé India buoys consumer confidence with new print campaign

    Nestlé India buoys consumer confidence with new print campaign

    Kolkata: After the Swiss major FMCG Nestlé faced flak over the nutritional value of its products, its Indian unit has announced a major outreach campaign to reassure and retain its customers.

    In the print advertisement released on Sunday, the company asked consumers to share their concerns. The ad displays the entire portfolio of Nestlé India products emphasising the fact that the products are made with “over a 100 years of trust.”

    The multinational company said that it is releasing a series of print advertisements over the next few days, “to reassure consumers that it genuinely cares about what matters to them, what concerns them, and that we are there for them 24×7 if they have any questions or suggestions.” The ads also include contact details which consumers can use to reach out to the company.

    The global food major came under fire last week, after Financial Times reported, that an internal document of the company has described a large portion of its food and drinks as ‘unhealthy. According to the report, more than 60 percent of Nestlé’s mainstream food and drinks portfolio did not meet the recognised definition of health. This excludes products like pet food, baby food, and specialised medical nutrition.

    “Recent reports have questioned the healthfulness of Nestlé products, because of a global internal working document that was reported out of context. The portfolio analysis only covers about half the global sales, since several prominent categories were not included,” said a spokesperson for Nestlé India, as quoted by The Hindu.

    According to the company, the portfolio analysis only covers about half the global sales, since several prominent categories were not included. “In fact, looking at the global portfolio as a whole, less than 30 per cent would not meet stringent external “healthfulness” standards, mostly representing indulgent products, which are acceptable in moderation as part of a healthy, balanced and enjoyable diet,” the spokesperson added.

    The parent company of household names like Maggi, Milkmaid, Kitkat, Nescafé said its approach as “a credible, trustworthy and responsible company is to always communicate with consumers on facts, in a humble and transparent tone and manner.

    In its defence, Nestlé had also said that efforts were ongoing over decades to improve the nutritional footprint of its products, adding that it has reduced sugar and sodium in the last two decades, about 14-15 per cent in the past seven years alone.

    As far as Nestle India’s portfolio is concerned, it is somewhat different from its parent company with only nine out of Nestle’s 35 billionaire brands having a presence in India.

    This is not the first time that Nestle has found itself in such controversy. Its instant noodles Maggi came under scrutiny after samples were reported to have higher than permissible levels of monosodium glutamate. Following legal challenges, negative consumer sentiment, it had to launch a fresh set of products.

  • Sebamed’s Konark Gaur joins Marico

    Sebamed’s Konark Gaur joins Marico

    Mumbai: Healthcare brand Sebamed’s head of marketing for India, Konark Gaur, has joined FMCG company Marico. He has been appointed as business head – New Foods. 

    Gaur announced his latest move in a LinkedIn update.

    An industry veteran, Gaur carries an experience of over 16 years. He started his brand marketing career with Nestle in 2004 and was also associated General Mills. He joined the healthcare brand Sebamed in May, 2019.

    Gaur is also founder and CEO of hijinny.com, and co-founded beauty salon Jazz Up Salon.

  • Outlook Group appoints Pallaw Kumar as AVP -brand and marketing

    Outlook Group appoints Pallaw Kumar as AVP -brand and marketing

    New Delhi : Outlook Group has appointed Pallaw Kumar as the assistant vice president – brand & marketing. Conceiving and developing brand & marketing campaigns, and strategic partnerships will be some of his multi-format high value responsibilities.

    Graduated in International Business & Marketing, Pallaw brings with him ten years of experience in brand & marketing management of leading print & electronic media brands.

    Commenting on Pallaw’s appointment, Outlook Group brand director Shrutika Dewan said, “We are thrilled to welcome Pallaw to the Outlook Group. We are doing some exciting work here, and we are hopeful that his talent, enthusiasm, and fresh ideas will be invaluable for us!”

    Kumar is known for his detailed analysis and planning. He has conceived and developed 360° campaigns and content strategies for the brands such as ZEE News, Amar Ujala, UNICEF etc.

    He was an integral part of the ZEE Media brand team during launches of several national and regional channels. In his numerous brand campaigns, ‘Aaj Aapne ZEE News Dekha Kya ?’ and ‘ZEE News Ab Desh Ke Har Kone Mein’ are particularly noteworthy.

  • Nestle internal report damns 60 per cent of its own food portfolio

    Nestle internal report damns 60 per cent of its own food portfolio

    Mumbai: Global food major Nestle promises – Good food, good life. But is the parent company of household names like Maggi, Milkmaid, Kitkat, Nescafé, Nestea iced tea et al true to its word? An internal document leak from the firm revealed that more than 60 per cent of its food portfolio does not meet health standards.

    An internal presentation circulated among top executives of Nestle earlier this year revealed that more than 60 percent of Nestle’s mainstream food and drinks portfolio did not meet the recognised definition of health, Financial Times has reported. This excludes products like pet food, baby food and specialised medical nutrition.

    The report also mentions that 96 per cent of its beverages excluding pure coffee, and as much as 99 per cent of its confectionery and ice cream portfolio also failed to meet the mark.

    The company has acknowledged that only 37 per cent of Nestle’s food and beverage products had a rating of over 3.5 out of 5, as per Australia’s health star rating system.  

    The most damning part in the report, however, is that the processed foods giant admits that some of its products will never be healthy, no matter how much it renovates.   

    In response, Nestlé issued a statement to say it is “working on a company-wide project to update its pioneering nutrition and health strategy”. It further said: “We are looking at our entire portfolio across the different phases of people’s lives to ensure our products are helping meet their nutritional needs and supporting a balanced diet.”

    In its defence, the world’s largest food maker said that efforts were ongoing over decades to improve the nutritional footprint of its products, stating, “For example, we have reduced the sugars and sodium in our products significantly in the past two decades, about 14-15 per cent in the past seven years alone.” According to the FT, Nestle plans to unveil a new strategy this year.

    Processed foods were never considered healthy to begin with, but in light of these revelations, there is now a renewed scrutiny on these products.

    In today’s times when healthy living is the key buzzword and the biggest selling point globally, the last thing a food company would want is to be labelled as unhealthy!

    On its part, Nestle India issued a statement stating: “Nestle India believes that nutrition is a fundamental need and the food industry has a vital role to play in enabling healthier lives. Driven by our purpose, we are constantly striving to increase the nutrient profile of our products as well as innovate with new and nutritious offerings”.

    As far as Nestle India’s portfolio is concerned, it is somewhat different from its parent company with only nine out of Nestle’s 35 billionaire brands having a presence in India. Hence the news may not have much of an impact here.

    Certainly not as much as the Maggi crisis, which the brand tided over, and that had literally threatened its very existence in the country back in 2015. Maggi Noodles, which contributed over 25 per cent of the company’s revenue in India, was accused of having lead content beyond permissible levels.

    Despite the bad news reports it generated for the popular snack brand, with its reputation taking a huge cut, it has bounced right back regaining its market share in the country.

     Even while most people are well aware that instant noodles and processed foods are unhealthy, they continue to consume them. Maggi may be the best example but it’s far from being the only one. The whole consumer packaged foods industry needs to take a good hard look at itself, if it wishes to remain relevant in a woke world, with consumers becoming increasingly health-conscious.

    Whether this latest controversy around one of the world’s largest food and beverage companies will have any impact or effect any long-term changes in the packaged foods industry remains to be seen.

  • Scaler onboards Rahul Karthikeyan as the CMO

    Scaler onboards Rahul Karthikeyan as the CMO

    MUMBAI: Edtech startup Scaler on Wednesday announced key leadership appointments in its marketing and creative verticals. Rahul Karthikeyan was appointed as the chief marketing officer. Karthikeyan moves from upGrad where he was the head of marketing.

    Arnav Gupta has joined as product and strategy lead. Gupta is a serial entrepreneur and has worked with Zomato in the past. Anu Nair joins as creative head, and Ranjeet Kumar and Manmeet Singh Akali as co-heads of brand and content.

    Scaler and InterviewBit co-founder Abhimanyu Saxena said, “As we prepare ourselves for the next phase of growth, industry knowledge and experience will be even more crucial across all aspects. I am, therefore, extremely delighted to have some of the brightest minds in the business join us as we journey to become a world-class virtual tech university. We are also looking to expand our presence beyond metros, and plan to hire over 100-150 people in the current fiscal across functions to support this expansion.”

    The company, which offers software programming courses, had raised $20 million in Series A funding from Sequoia India, Tiger Global, and Global Founders Capital in January.

    “We want to build a quality education platform that is constantly upgrading based on trends in the market, to ensure that our students are up to date. It is an exciting time for the brand, and I am happy to be part of this journey,” said Karthikeyan on his new role.

  • Publicis Groupe launches PubHub, Rajesh Ghatge named chief growth officer

    Publicis Groupe launches PubHub, Rajesh Ghatge named chief growth officer

    Delhi : Publicis Groupe on Wednesday announced the launch of PubHub, a comprehensive ecosystem that will create bespoke marketing transformation solutions at scale ,through the integration of specialised capabilities across data, content, technology, production, and commerce.

    PubHub will tap into PG India’s established model that provides services to some of the top global clients across multiple markets.

    The model has demonstrated success in connecting people, processes, systems and data needed to fuel marketing transformation in all aspects of design and delivery. It is built to be open source, connecting with tech partners and clients’ partner agencies alike to deliver on client goals better, faster and efficiently, said the agency.

    PubHub will be led by Indigo Consulting CEO Rajesh Ghatge, who now additionally takes on the role of chief growth officer, Publicis Groupe India. Ghatge is already leading the implementation of Global Hub for GSK.

    Last year Publicis won the global production mandate of Circle in partnership with Tag. It is a first ever model set up to deliver marketing transformation, using data, content , technology and production capabilities and will be servicing close to 90+ brands across 90+ markets.

    Ghatge has been with the Groupe for close to four and a half years and has close to three decades of experience across marketing and technology. Previously he has launched and built organisations in the space of travel, training  and brand activation . Before joining Publicis, he also led a technology-enabled social enterprise which trained and certified school drop-outs to become certified elder care workers.

    Publicis Groupe, South Asia, CEO Anupriya Acharya says, “Today, the demand for scaled marketing transformation solutions is growing exponentially– on the back of accelerated adoption of digital and tech. For Publicis Groupe , India has emerged as a massive capability centre for digital and tech-led deep expertise across contemporary and innovative marketing and business transformation solutions. Large mandates across global and national brands are being managed across the Groupe in India. The launch of PubHub is  timely and apt. With an intrinsic model to scale fast,  it has been designed to be agile and responsive while leveraging our proficiency and vast experience across the creative, technology and media competencies.”

    Rajesh Ghatge said, “As a client organisation, the choices of agency partners, consulting partners , tools and technologies are immense. These choices are giving rise to one big challenge – that of being able to weave together the right components of creative , data and technology to effectively win in the platform world. Moreover, reclaiming growth has become the number one priority for most enterprises in a dramatically changed world. In this added mandate , I am looking forward to leverage our diverse capabilities and experience to create repeatable and scalable solutions for our clients via PubHub, and fuel significant growth for them.” 

  • Essence appoints Magda Wolder as head of experience, APAC

    Essence appoints Magda Wolder as head of experience, APAC

    New Delhi: Essence, a global data and measurement-driven media agency which is part of GroupM, on Tuesday appointed Magda Wolder as head of experience, APAC. Based out of Singapore, she will lead the agency’s creative, content innovation and studio capabilities in the region. 

    Joining Essence in 2018, Wolder was previously head of creative Strategy, EMEA at the agency’s London office. With over a decade of experience bringing advertising and ideas together in the media, technology and entertainment industries, she earlier worked as a senior researcher for EMEA at Netflix in the Netherlands, as well as a lead creative strategist and head of customer closeness at Sky in the United Kingdom.

    “In addition to my focus to drive personalisation at scale for our clients in APAC, I am keen to help nurture emerging creative talent and imagination in this region. We have a very talented creative team on the ground here and I cannot wait to see what we will achieve together in 2021,” said Wolder on the new role.

    Essence’s Experience capabilities utilise data science and machine learning to deliver more relevant, meaningful and effective personalised experiences, while protecting consumers’ data privacy. In APAC, Wolder will head a team of creative strategists, conceptual thinkers, design experts and technology-powered production partners to create data-driven creative innovation for Essence’s clients in the region.

    “We are delighted to have Magda join our APAC team. With her impressive brand experience, as well as her deep understanding of Essence’s unified approach to data that brings creative and media closer together, we are looking forward to the creative innovation she will bring to media channels and content programmes for our clients in this region,” said Essence senior vice president, client partner, APAC and managing director, Singapore, Monica Bhatia

    “With Magda’s leadership, I am excited about the creative technology and experience products our Experience team will continue to deliver through Essence Global Ventures, which will be scaled to help brands across APAC and globally succeed in the new economy,” said Essence CEO APAC, T. Gangadhar.

  • Kaizzen ranked as 4th fastest growing PR agency globally by PRovoke

    Kaizzen ranked as 4th fastest growing PR agency globally by PRovoke

    New Delhi: Independent public relations and digital agency Kaizzen was ranked as the fourth fastest growing PR agency globally in the PRovoke Global PR Agency Rankings – Fast Movers 2021  released recently. 

    Even during the pandemic, Kaizzen clocked a 64 per cent growth, earning the second position in the overall Asia-Pacific list of fastest growing PR agencies. This is up from seventh position globally and third position in Asia-Pacific last year. Kaizzen is the only Indian agency to figure in the global list.

    Celebrating the accomplishment, Kaizzen’s founder and CEO, Vineet Handa said, “We at Kaizzen are beyond ecstatic to be among the fastest-growing PR agencies in the world and the fastest in India. The feat is a testimony of our constant hard work and passion to be the best in our endeavors even during the pandemic. We are at number four this year and motivated to be on the top spot globally very soon.”

    Previously known as the Holmes Report, PRovoke Media is also known for the world’s largest and most sought after public relations competition – the SABRE Awards, that recognizes superior achievement in branding and reputation in North America, EMEA and the Asia-Pacific region.

    PRovoke Global PR Agency Rankings – Fast Movers 2021 : https://www.provokemedia.com/ranking-and-data/global-pr-agency-rankings/2021-pr-agency-rankings/fast-movers