The Surf Excel Saga: Brand Par Excellence??
Having clocked more than Rs 8,200 crore in annual sales last year, HUL's popular detergent brand #SurfExcel has become the first Indian home and personal care brand to cross the coveted $1 billion annual sale mark. This feat is the outcome of HUL’s dogged ‘premiumization’ focus.
Surf Excel is currently at the peak of its success, but the journey to stardom has not been without hiccups. The initial going following its R&D-driven launch sixty years ago was a smooth sail until Ahmedabad-based player posed a serious challenge with its product offering ‘Nirma’, launched at a whopping 75 percent discount to the Surf Excel price. Consequently, #Nirma became the most popular brand of the 80s, and HUL was forced to launch ‘#Wheel’ in the low-priced segment, thereby relegating Surf Excel to the background.
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Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Thanks for the updates on, The Acumen.