Perfume Branding: Strategies for Succeeding in India’s Fragrance Market
After examining numerous bottles of imported perfume, executives at Titan Company Limited (a Tata Group company) were challenged to devise a strategy to develop a perfume brand that could break into India’s fragrance market. A top Indian firm with leading premium wristwatch and jewellery brands (Xylys and Raga watches and Tanishq jewelry), Titan had no experience in the fragrance category, where international brands reigned supreme.
The executives at Titan needed to develop its strategy from scratch: Which segments should it target? What should the new fragrance be called? How should the brand be positioned and how strongly should it be linked to the Titan brand? What should the fragrance smell like? Where should it source the product and packaging from? How should it be priced, distributed, and promoted? Each and every decision needed to be carefully thought out, if Titan was to succeed.