Business Today

FOGO ALERT

THERE IS SOMETHING about story narration that interests all of us. It is the way characters are visualised, the interplay between them, and the incredible twists and turns. Of course, the element of unpredictability is the perfect icing on the cake. In many ways, Darshan Patel’s tryst with Fogg is no different. The episode goes back to mid-2011 when a round of focus-group discussions (FGDs as marketers call them or just in-depth interviews conducted in groups) was under way. Earlier that year, Patel’s Vini Cosmetics had launched 18+—a deodorant—but with little success. Sensing he had missed out on a key insight, he went back to doing what he knew best: consumer research. For weeks, the exercise was conducted in the top eight cities, but the insight remained elusive and Patel’s patience ran thin. Finally, he got the feedback that the deodorant got over very soon. Looking for a solution, he turned to non-aerosol pumps acronym for ‘Friend of Good Guys/Girls’), with the tag line “bina gas wala spray (a spray devoid of gases)”, and hasn’t looked back since. In fact, it pipped market leader Axe—owned by fast moving consumer goods (FMCG) giant HUL—to the top spot within a year. Today, Fogg commands 20 per cent of the ₹4,000-crore deodorants market, with Axe garnering only 5-6 per cent.

This kind of a growth story rarely

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Read Credible, Exclusive, And Insightful Business Stories
Subscribe and get upto 81% discount*
Business Today1 min read
Not Exactly Broad-based
MUMBAI ACCOUNTED FOR 68% OF THE CASH SEGMENT TURNOVER ON NSE AND 40% ON BSE IN FY23 AHMEDABAD’S SHARE HAS ALSO BEEN PROGRESSIVELY RISING OVER THE YEARS SHARE OF TOWNS OUTSIDE THE TOP 10 FELL IN FY23 ONLY FOUR STATES HAVE OVER 10 MILLION REGISTERED IN
Business Today1 min read
Action And Reaction
1 The gold loans market has witnessed significant growth, with compound annual growth rate of 22.7% in the three years to FY23 2 The gold loans outstanding of banks and NBFCs was ₹6.1 lakh crore as of FY23, per a Nirmal Bang report 3 The average gros

Related Books & Audiobooks