Project on Nandini

75
A STUDY ON CONSUMER PERCEPTION AND RETAILERS OPINION TOWARDS NANDINI MILK PRODUCTS OF MOTHER DIARY UNIT OF KMF YELAHANKA BANGALORE A Project Report Submitted To Manipal University In Partial Fulfillment Of The Requirement For Awarding The MBA Degree

Transcript of Project on Nandini

Page 1: Project on Nandini

A STUDY ON CONSUMER PERCEPTION AND RETAILERS OPINION

TOWARDS

NANDINI MILK PRODUCTS OF

MOTHER DIARY UNIT OF KMF YELAHANKA BANGALORE

A Project Report Submitted To Manipal University In Partial Fulfillment Of The Requirement For Awarding The MBA Degree Submitted By DARSHAN.K Under The Guidance Of Prof. JOSHUA MANIPAL INSUTE OF MANAGEMENT MANIPAL

Page 2: Project on Nandini

RESEARCH DESIGN

TITLE OF THE STUDY

A study on “Consumer Perception and Retailers Opinion Towards

Nandini Milk Products”.

STATEMENT OF THE PROBLEM

The strong competition in Bangalore North has posed an alarming

condition before the KMF. Though Nandini is the market leader there

are plenty of private players who are competing in the present market.

To take future decisions it is very important from the KMF point of

view to have an insight on consumer’s perception about what the

consumers think towards the nandini milk products and the retailers

opinion since retailers play important role in KMF . The customer

requirements and needs will help to render the service in a better way.

The present study was designed to concentrate on the consumer

perception and retailers opinion towards Nandini milk products. The

data collected from the study will definitely help the company to

provide a competitive advantage. The research ends with some vital

information given by the respondents that may help the KMF to be

more customized rather than standardized.

Page 3: Project on Nandini

Hence, the descriptive research on Consumers Perception and

Retailers Opinion Towards Nandini milk products

OBJECTIVES OF THE STUDY

There were two main objectives for this study. One is primary

objectives and another is secondary objectives

To ascertain the consumers perception towards nandini milk

products

To determine the retailers opinion on Nandini milk products and

the problem faced by them.

To get the feedback on what the consumer expects from KMF

To determine the needs of the retailer

SCOPE OF THE STUDY

The study relates all agents/retailers and users of KMF milk products

in Bangalore north.

Page 4: Project on Nandini

NATURE OF THE PROJECT

A descriptive research has undertaken for the present study.

Descriptive research includes survey and fact findings of different

kinds

DATA COLLECTION

The present study was designed by the help of both primary and

secondary information data.

PRIMARY DATA

Primary data was collected from respondents through survey method

with a structured questionnaire designed for two segments i.e.

consumers as well as retailers.

A part of primary data was also collected from administrator of the

company

SECONDARY DATA

The present project is framed with help of several information. The

information is from various secondary sources. These includes

information about the milk industry from journals. Also in the review

Page 5: Project on Nandini

of literature the different web-sites helped a lot to get some idea for

the present project. A bunch of information was collected from

various news articles and dissertation. Different libraries helped a lot

to make the base a strong one. Secondary data was also collected

from various sources for e.g. text books, periodicals, newspapers, and

from various web-sites.

UNIVERSE

In case of Consumers the universe is infinite

In case of Retailers the universe is finite

SAMPLING PLAN

As the universe under study was large and time was limited it was

quite impossible to contact each and every consumer of milk and also

retailers of milk. So a simple survey was adopted. The sampling plan

used in the present study is as follows :

Sampling Unit :-

The target respondents were individuals who consumes milk and milk

related products and the retailers/agents of Nandini milk products.

Sample Size:

Page 6: Project on Nandini

Agents/Retailers: 56

Consumers: 100

TYPE OF SAMPLING

Systematic sampling Technique is used for Retailers wherein every

10th retailer is being considered out of 565 retailer outlets of KMF in

Bangalore North

Convenient sampling Technique is used for consumers where 100

consumers of the nandini milk products is being considered

TOOLS FOR DATA COLLECTION

Two structured questionnaires were designed as tool for primary data

collection. The questionnaire comprised of both close and open

ended question. Each questionnaire shows the demographic

characteristics of individuals consumers and as well as retailers.

Pre-Test of Questionnaire

Questionnaire was pre-tested among a small group of consumers /

retailers to asses its validity and then the necessary changes were

made.

Page 7: Project on Nandini

Method of Contact

The respondents were interviewed by help of a questionnaire through

personal interview method.

FIELD WORK

The area of field work was restricted to Bangalore. The individuals

were targeted based on area or location and enough time was spend

with the respondents to take a proper response.

STATISTICAL TECHNIQUE

Bar Chart

Pie chart

STATISTICAL TOOL

Statistical software like SPSS

LIMITATIONS OF THE STUDY

The following were the main limitations of the study :-

Most of the respondents were either busy or were unable to

respond properly to the given questionnaire.

Page 8: Project on Nandini

Time was the main constraint for the present study.

The respondent’s response to the given questionnaire was

sometime biased and the study was based on the assumptions

that the information provided is correct.

The sample was restricted to only 100 due to the limited time.

This may be very small compare to total universe. So the study

also suffers with the limitations of the generalizing the result.

LAYOUT OF THE CHAPTERS

Chapter – 1 : Introduction

This chapter includes the introduction of the research topic, subject

background of the study and need for the study.

Chapter – 2 : Research Design

This chapter includes brief introduction, statement of the problem,

review of literature, objectives of the study, scope of the study,

operational definitions, methodology, sampling, tools for data

collection, field work, method of analysis, limitations of the study and

layout of chapters.

Chapter – 3 : Company Profile

It includes industry profile and respondents profile.

Page 9: Project on Nandini

Chapter – 4 : Analysis of Data

It includes the analysis of the information collected, shown with the

help of tables and charts.

Chapter – 5 : Summary of Findings

This chapter reveals the findings drawn from the study.

Chapter – 6 : Conclusion & Recommendations

This chapters gives the suggestions on the basis of the study

conducted.

Bibliography

It includes the various books referred for the study.

Annexures

It includes the questionnaire from which the study was prepared.

Page 10: Project on Nandini

ANALYSIS AND DATA INTERPRETATION

FOR CONSUMERS

Statistics

Age N Valid 100

Missing

0

Age

Frequency Percent Valid PercentCumulative

PercentValid 15-20 10 10.0 10.0 10.0

20-30 25 25.0 25.0 35.0

31-40 45 45.0 45.0 80.0

>40 20 20.0 20.0 100.0

Total 100 100.0 100.0

Page 11: Project on Nandini
Page 12: Project on Nandini

Statistics

Occupation N Valid 100

Missing

0

Occupation

Frequency Percent Valid PercentCumulative

PercentValid House

Wife58 58.0 58.0 58.0

Businessman

10 10.0 10.0 68.0

Employed 12 12.0 12.0 80.0

Unemployed

16 16.0 16.0 96.0

Others 4 4.0 4.0 100.0

Total 100 100.0 100.0

Page 13: Project on Nandini

Statistics

Promotion N Valid 100

Missing

0

Promotion

Frequency Percent Valid PercentCumulative

PercentValid Advertisement

s28 28.0 28.0 28.0

Recommended By family And Friends

36 36.0 36.0 64.0

Company's Promotional Schemes

15 15.0 15.0 79.0

Others 21 21.0 21.0 100.0

Total 100 100.0 100.0

Page 14: Project on Nandini

Statistics

Factors Influencig N Valid 100

Missing

0

Factors Influencig

Frequency Percent Valid PercentCumulative

PercentValid Taste 52 52.0 52.0 52.0

Hygiene Packaging

14 14.0 14.0 66.0

Price 8 8.0 8.0 74.0

Quality 14 14.0 14.0 88.0

Others 12 12.0 12.0 100.0

Total 100 100.0 100.0

Page 15: Project on Nandini

Statistics

Acessibility N Valid 100

Missing

0

Acessibility

Frequency Percent Valid PercentCumulative

PercentValid Easily

Available52 52.0 52.0 52.0

Moderately Available

34 34.0 34.0 86.0

Not Enough OutletsAvailable

14 14.0 14.0 100.0

Total 100 100.0 100.0

Page 16: Project on Nandini

Statistics

Perception Towards Quality N Valid 100

Missing

0

Perception Towards Quality

Frequency Percent Valid PercentCumulative

PercentValid Ecellent 50 50.0 50.0 50.0

Very Good

27 27.0 27.0 77.0

Satisfactory

13 13.0 13.0 90.0

Poor 10 10.0 10.0 100.0

Total 100 100.0 100.0

Page 17: Project on Nandini

Statistics

Perception Towards Price N Valid 100

Missing

0

Perception Towards Price

Frequency Percent Valid PercentCumulative

PercentValid Expensive 8 8.0 8.0 8.0

Moderate 52 52.0 52.0 60.0

Reasonable

23 23.0 23.0 83.0

Cheap 17 17.0 17.0 100.0

Total 100 100.0 100.0

Page 18: Project on Nandini

Prception Towards Packaging

Frequency Percent Valid PercentCumulative

PercentValid Exellent 8 8.0 8.0 8.0

Good 62 62.0 62.0 70.0

Average

20 20.0 20.0 90.0

Bad 10 10.0 10.0 100.0

Total 100 100.0 100.0

Page 19: Project on Nandini

Preffered Other Brands

Frequency Percent Valid PercentCumulative

PercentValid Heritage 12 12.0 12.0 12.0

Amul 42 42.0 42.0 54.0

Dodla 32 32.0 32.0 86.0

Nilgiris 14 14.0 14.0 100.0

Total 100 100.0 100.0

Page 20: Project on Nandini

Perception Towards Taste

Frequency Percent Valid PercentCumulative

PercentValid Exellent 40 40.0 40.0 40.0

Good 44 44.0 44.0 84.0

Moderate

14 14.0 14.0 98.0

Bad 2 2.0 2.0 100.0

Total 100 100.0 100.0

Page 21: Project on Nandini

Perception Towards Attarctiveness

Frequency Percent Valid PercentCumulative

PercentValid Attractive 85 85.0 85.0 85.0

Not Attractive

15 15.0 15.0 100.0

Total 100 100.0 100.0

Page 22: Project on Nandini

Satisfaction Level

Frequency Percent Valid PercentCumulative

PercentValid Very

Satisfied26 26.0 26.0 26.0

Satisfied 34 34.0 34.0 60.0

Fairly Satisfied

38 38.0 38.0 98.0

Not Satisfied

2 2.0 2.0 100.0

Total 100 100.0 100.0

Page 23: Project on Nandini

QUESTIONNAIRE (CONSUMERS)

I, Mr DARSHAN.K MBA Student of MIM Manipal,

conducting study to evaluate “CONSUMERS PERCEPTION

AND RETAILERS OPINION TOWARDS NANDINI MILK

PRODUCTS” at Mother Diary, kmf

I request you to kindly spare few minutes of your schedule to

answer the following questions

1. Name: …………………………………………

2. Address: ……………………………………………………

……………………………………………………………………

3. Age: 1) 15-20

2) 21-30

3) 31-40

4) >40

4. Occupation: ……………………………………………

Page 24: Project on Nandini

5. How did you come to know about Nandini milk products.

1) Advertisement

2) Recommended by Family and Friends

3) Companies Promotional Schemes

4) Others

6. What do you perceive about the quality of the nandini

Milk products.

1) Excellent

2) Very Good

3) Satisfactory

4) Poor

7. What do you think about the pricing policy of the nandini

Milk products

1) Expensive

2) Moderate

3) Reasonable

4) Cheap

Page 25: Project on Nandini

8. What do you feel about the packaging of the nandini

Milk products.

1) Excellent

2) Good

3) Average

4) Bad

9. Which other brand do you prefer.

1) Heritage

2) Amul

3) Dodla

4) Nilgiris

10. What do you feel about the taste of the nandini milk

Products

1) Excellent

2) Good

3) Moderate

4) Bad

Page 26: Project on Nandini

11. How do you find Nandini milk products

1) Attractive

2) Not Attractive

12. How much satisfied are u with nandini milk products

1) Very Satisfied

2) Satisfied

3) Fairly Satisfied

4) Not Satisfied

13. Have you encountered any problem or complaints

1) Yes

2) No

If Yes nature of complaint……………………………………….

14. Has the complaint been attended successfully

1) Yes

2) No

Page 27: Project on Nandini

15. Any other suggestions towards the nandini milk

Products.

……………………………………………………………………

……………………………………………………………………

DATE: SIGNATURE

PLACE:

Page 28: Project on Nandini

ANALYSIS AND DATA INTERPRETATION

FOR RETAILERS

Statistics

Period N Valid 56

Missing

0

Period

Frequency Percent Valid PercentCumulative

PercentValid less than 1

year4 7.1 7.1 7.1

1-2 years 11 19.6 19.6 26.8

2-3 years 15 26.8 26.8 53.6

more than 3 years

26 46.4 46.4 100.0

Total 56 100.0 100.0

Page 29: Project on Nandini
Page 30: Project on Nandini

Statistics

Margin Of Commission N Valid 56

Missing

0

Margin Of Commission

Frequency Percent Valid PercentCumulative

PercentValid very

satisfied15 26.8 26.8 26.8

satisfied 17 30.4 30.4 57.1

fairly satisfied

18 32.1 32.1 89.3

not satisfied

6 10.7 10.7 100.0

Total 56 100.0 100.0

Page 31: Project on Nandini

Variation in Demand

Frequency Percent Valid PercentCumulative

PercentValid Yes 6 10.7 10.7 10.7

No 50 89.3 89.3 100.0

Total 56 100.0 100.0

Page 32: Project on Nandini

Effiient Supply

Frequency Percent Valid PercentCumulative

PercentValid Yes 48 85.7 85.7 85.7

No 8 14.3 14.3 100.0

Total 56 100.0 100.0

Page 33: Project on Nandini

Opinion on Nandini Milk Products

Frequency Percent Valid PercentCumulative

PercentValid Very

Good32 57.1 57.1 57.1

Average 22 39.3 39.3 96.4

Bad 2 3.6 3.6 100.0

Total 56 100.0 100.0

Page 34: Project on Nandini

Suppliers on Schedule

Frequency Percent Valid PercentCumulative

PercentValid Yes 45 80.4 80.4 80.4

No 11 19.6 19.6 100.0

Total 56 100.0 100.0

Page 35: Project on Nandini

Mode of Payment

Frequency Percent Valid PercentCumulative

PercentValid Cash 56 100.0 100.0 100.0

Page 36: Project on Nandini

If Bulk Order will you get Immediae Supply

Frequency Percent Valid PercentCumulative

PercentValid Yes 11 19.6 19.6 19.6

No 45 80.4 80.4 100.0

Total 56 100.0 100.0

Page 37: Project on Nandini

Damge Goods

Frequency Percent Valid PercentCumulative

PercentValid Yes 42 75.0 75.0 75.0

No 14 25.0 25.0 100.0

Total 56 100.0 100.0

Page 38: Project on Nandini

Promotional Strategies

Frequency Percent Valid PercentCumulative

PercentValid Very

Good25 44.6 44.6 44.6

Bad 24 42.9 42.9 87.5

7 7 12.5 12.5 100.0

Total 56 100.0 100.0

Page 39: Project on Nandini

Executive Visit

Frequency Percent Valid PercentCumulative

PercentValid Very

often2 3.6 3.6 3.6

Often 15 26.8 26.8 30.4

Never 39 69.6 69.6 100.0

Total 56 100.0 100.0

Page 40: Project on Nandini

POP and Displays

Frequency Percent Valid PercentCumulative

PercentValid Excellen

t2 3.6 3.6 3.6

Good 13 23.2 23.2 26.8

Average 25 44.6 44.6 71.4

Bad 16 28.6 28.6 100.0

Total 56 100.0 100.0

Page 41: Project on Nandini

QUESTIONNAIRE (RETAILERS)

I, Mr DARSHAN.K MBA Student of MIM Manipal,

conducting study to evaluate “CONSUMERS PERCEPTION

AND RETAILERS OPINION TOWARDS NANDINI MILK

PRODUCTS” at Mother Diary, kmf

I request you to kindly spare few minutes of your schedule to

answer the following questions

1. Name: …………………………………………

2. Address: ……………………………………………………

……………………………………………………………………

3. Since how long are you dealing with Nandini milk products.

1) Less than 1 year

2) 1-2 years

3)2-3 years

4) More than 3 years

Page 42: Project on Nandini

4.What is opinion on the margin of commission given for nandini

Milk products.

1) Very Satisfied

2) Satisfied

3) Fairly satisfied

4) Not satisfied

5. Do you find seasonal variations in demand for nandini milk

Products.

1) Yes

2) No

6. Are the products supplied effiently throughout the year

1) Yes

2) No

7. What is your opinion on nandini milk products

1) Very good

2) Average

3) Bad

Page 43: Project on Nandini

8. Are suppliers as per schedule.

1) Yes

2) No

9. What is your mode of payment.

1) Cash

2) Credit

10. If you get bulk orders will you get immediate supply.

1) Yes

2) No

11. Do you come across any damaged goods.

1) Yes

2) No

12. Does consumers complain about the product.

1) Yes

2) No

Page 44: Project on Nandini

13. If yes what kind of complaints

………………………………………………………………………

……………………………………………………………………

14. Does the executive visit often.

1) Very often

2) Often

3) Never

15. Opinion on the promotional strategies of KMF.

1) Very Good

2) Average

3) Bad

16. How do you rate the displays and POP of KMF

1) Excellent

2) Good

3) Average

4) Bad

Page 45: Project on Nandini

17. What are your suggestion for the success of nandini milk

products

………………………………………………………………………

………………………………………………………………………

DATE;

PLACE; SIGNATURE

Page 46: Project on Nandini

SUMMARY OF FINDINGS

FINDINGS FROM THE CONSUMERS

It was found from the survey that majority of the respondents of them are

housewives and in the age group of 31-40

The survey shows that the access to Nandini Milk is quite convenient

for most of the respondents.

The opinion about quality is excellent

Most of the respondents were influenced by the taste of the Nandini

Milk products.

More than half of the respondents of them consider the price of the

Nandini Milk products as moderate.

The packaging is view as good by the consumers.

Out of 100 respondents an majority of the respondents majority of them

came to know about the product by the family and the friends

Page 47: Project on Nandini

Consumers consider Amul as the next better product

FINDINGS FROM THE RETAILERS

Most of the retailers are holding the dealership for more than 3 years but

they are not satisfied by the margin of commission.

Even though the supply is on time when there is a bulk order there is no

back up by the KMF.

Most of the retailers have good opinion on the nandini milk products but

they receive some damage goods.

Retailers also like consumers feel there is lack of promotion to the

products and no executive visit at all.

SUGGESTIONS & CONCLUSION

“Consumer is king” is the traditional beliefs amongst the Indian businessmen. It

holds good even today and will be more so in the highly competitive days ahead. .

The emphasis on quality relates not only to product quality but also to the quality

of service.

Page 48: Project on Nandini

Retailers dealing with Nandini Milk Products has to be given more

incentives to push the sales of Nandini Milk Products.

Due to the increasing competition the company has to adopt new and

improved promotional strategies to attract new and retain existing

customers through better relationship with the retailers.

It is better to conduct a continous or periodic market research to identify

the position of the market and to know about the changes what customers

want in their products.

Considering greater market demand the research suggested Nandini to

adopt middleman as well as retailer in order to proper distribution and

smooth functioning of the product in the market.

The density of milk should improve in order to get better quality of the

product.

During the survey it has been observed that the purchasing decision are

mostly guided by the availability of the product. So the company has to

make optimum use of its present distribution system to make the product

available through agents and retailer outlets throughout the day, if possible.

With a view of motivating employees and agents, it is recommended that

the company provide bonus, retirement benefits and reward respectively for

doing their job better.

Page 49: Project on Nandini

Company should increase “Nandini Milk Products” parlor at different

places of city. As demand is more at Matikere , Mekri circle and

Rajajinagar they have to give special importance to these areas.

It has been observed that sometimes retailers suggest the consumer for

buying the particular brand because they get higher commission as

compared to other brands. So, it is recommended to the company that

should think for giving attractive commission to the retailers if possible,

otherwise company could give some reward if they achieve more targets.

CONCLUSION

From the above findings we can conclude that Nandini is doing better in

marketing of the milk and milk products by keeping into consideration the

aspects like price, quality, availability but it is some what lacking in its

promotional activities as per the survey conducted to the retailers with regard to

their perception towards Nandini milk products in Bangalore City North . It is

competing with other brands by acquiring a greater market share so it is

necessary to take the steps with regard to promotional activities to both the

Page 50: Project on Nandini

retailers and consumers to build its brand name and acquire a greater market

share.

Page 51: Project on Nandini
Page 52: Project on Nandini
Page 53: Project on Nandini
Page 54: Project on Nandini
Page 55: Project on Nandini
Page 56: Project on Nandini
Page 57: Project on Nandini
Page 58: Project on Nandini
Page 59: Project on Nandini
Page 60: Project on Nandini
Page 61: Project on Nandini
Page 62: Project on Nandini