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FOR
DECADES, IT WAS KNOWN largely as a one-product wonder. The Rs.250-crore
Himalaya Drug Company, had been riding on the growth and equity
of Liv.52, which is among India's top 10 pharma brands. Hence, three
years ago, the company flagged off Ayurvedic Concepts, an umbrella
brand under which a host of new offerings were launched. That obviously
didn't prove a good idea; today Ayurvedic Concepts, which was flagged
off with much fanfare and a Rs.12-crore ad campaign, has gone out
the window, and the company has decided to stick with good old Himalaya
as the mother brand. "Since multiple brand identities create
dissonance, we decided to bring all our brands under the Himalaya
name. We believe this enables us to communicate our offerings more
clearly," explains Ravi Prasad, 41, President and CEO, Himalaya
Drug Company.
Prasad adds that the drive for a unified brand will also help in
focusing on global markets. "Currently, only around 14 percent
of our turnover comes from global sales, although we are present
in 56 countries. The global market for herbal healthcare is estimated
at $50 billion. We want a piece of the action. A global thrust requires
a consolidated brand identity."
As part of its global push, Himalaya wants to register its products
as herbal medicines, and not as dietary or food supplements, in
European and American countries. A beginning has been made, with
countries like Switzerland having approved Liv.52 as a herbal medicine.
Meanwhile, in the domestic market the company has launched a new
range of 12 healthcare products under the "Himalaya Pure Herbs"
range. Philipe J. Haydon, General Manager (Marketing), points out
that herbs like Amla, Brahmi, Karela, Neem and Tulasi
have been used for centuries as special foods and additives for
the various benefits they confer. "But what we are offering
is the concentrated goodness of herbs in capsule form. They are
guaranteed for highest quality and potency." These new products
are expected to fuel Himalaya's ambitions of doubling turnover to
Rs.500 crore by 2005. That surely calls for a Himalayan effort.
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