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Parachute
Parachute is premium edible grade oil, a market
leader in its category. Synonymous with pure coconut oil in the
market, Parachute is positioned on the platform of Vital Nourishment
today. From a loosely available commodity to a path-breaking brand,
Parachute pioneered the switch from coconut oil sold in tins to
plastic. Parachute is also available in pouch packs, to service
the rural sectors, increasing penetration. The positioning of Parachute
has evolved over time. From the initial stand of purity to that
of clarity to the `Coconut Dream' theme, with a new look and logo,
to today's positioning of vital nourishment. The Coconut Dream logo
is seen as an opportunity to transform Parachute from being the
largest coconut oil brand into a mega brand with several value added
products under the 'Coconut Goodness' umbrella.
Innovations in Parachute:
To support its continuing endeavour to provide high quality Parachute
Coconut Oil to its consumers, Marico has been constantly innovating
for this brand. Some of the examples of innovation for Parachute
are:
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- Flip Top Cap for Parachute bottles to enhance the safety and
protect the purity of Parachute
- Easy Jar of Parachute to facilitate usage especially during
winters
- Parachute Mini - a bottle shaped small pack being sold at
an MRP of Re. 1
These innovations have not only ensured protection of existing franchise,
they have propelled further penetration, enabling conversion of
loose oil consumers to packaged Parachute Coconut Oil.
Innovation will continue to be at forefront in Marico's efforts
to strengthen this brand.
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Our consumers:
Parachute's primary target has been women of
all ages. The brand has a huge loyalty, not only in the urban sections
of India but also the rural. Parachute has several brand extensions,
each filling existing need gaps, acquired from consumer insight.
Contributors to Parachute's success:
The quality of the product has contributed to
its lasting success. The consistency with which Parachute has delivered,
ensures consumer loyalty and trust in the brand. innovations in
the bottle too, whether from the aspect of user-friendliness or
aesthetics have and continue to help Parachute grow. One of the
first brands to utilise mass communication, Parachute used the `caring'
platform with the 'mother - daughter' theme to underline the message
that this was a brand handed down from and to generations. The new
look and logo have helped attract the youngsters of today.
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© 2003 Copyright Marico Industries Limited. All rights reserved. |
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