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| (From right) Mr. Ravi Prasad, President & CEO, Himalaya Drug Company;
Dr. S.K.Mitra, Executive Director Research and Technical Services; and Mr. Soumitro Banerji,
Business Head, Personal Care Division, at the launch of new products in Bangalore on Tuesday. |
The Himalaya Drug Company has launched a range of baby care products.
Himalaya's Personal Care Division unveiled seven new products to
match the market leader Johnson & Johnson product to product, from soap, powder and
lotion to shampoo and massage oil. Himalaya has added baby diaper rash cream as a first of
its category.
It has chosen to play the new products up on an OTC-cum-prescriptive
plank, more for their therapeutic benefits than for the cosmetic value alone, by keeping
doctors and pediatricians as an integral part of market influence.
Mr. Ravi Prasad, President & CEO, told a news conference that a
two-phased promotional, low-key campaign would be unveiled starting with an experiential push
for new parents from November 14 up to March next year. A multimedia campaign would follow in
April. The plan was to immediately catch a targeted 10,000 parents through pediatric clinics,
maternity homes and posters, and also the company's 70-odd exclusive and 500 shop-in-shop
outlets across the country.
The baby range would be launched soon in Europe and West Asia where
the brands has a good presence, and its newer markets in South East Asia.
The Himalaya stable already has two baby brands - Bonnisan and
Gripe Water.
Mr. Soumitro Banerjee, Business Head, Personal Care Division,
said Himalaya expected to win 5 per cent or a Rs.7.5-crore worth of market share in the
baby segment during the first year of launch. Himalaya, he said, was entering a market tough
in terms of a dominant player with 70 per cent share and also in terms of demanding and
proactive parents. This was why it was positioning the baby range at educated, informed,
small families with 'new-age parents' from A-class and big cities. The new baby range,
according to Mr. Banerjee, would contribute 10% to Personal Care, which expected to touch sales
of Rs.70 crore during the current fiscal. The division has been doing well since the makeover
of its products in skin, hair and oral care yielding 25, 15 and 20 per cent respectively of
the division's turnover.
The baby range was also a seven-year effort and an unusual challenge
in terms of R & D as it meant extra safety on young skin, according to Dr. S.K.Mitra,
Executive Director, Research & Technical Services. For the first time, cell line tissues
were developed and stimulated for baby skin to test for toxicity that could not be done on
animals.
In the first phase of clinical trials supervised by mothers ad
pediatricians, the products were tested on 500 children at Calcutta Medical College; Post
Graduate Institute, Chandigarh, and Apollo Hospitals, Chennai. The second phase for 500 more
children was on at CMC Vellore, Banaras Hindu University and Mahatma Gandhi Medical College
Hospital, Ahmedabad and would be completed by January 2005.
Mr. Ravi Prasad said Himalaya was looking set to reach 2004-05
sales turnover of Rs. 400 crore. Exports, a rapidly growing segment, would form 15 per cent
of the revenue.
Himalaya will enter the Singapore market, marked as its East
Asian hub, later this month. |
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