A Project Report: Customers' Receptiveness For The Brand Raymond'S
A Project Report: Customers' Receptiveness For The Brand Raymond'S
PROJECT REPORT
ON
CUSTOMERS’ RECEPTIVENESS
FOR THE BRAND RAYMOND’S
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INDEX
O ACKNOWLEDGEMENT
O EXECUTIVE SUMMARY
o OBJECTIVE OF RESEARCH
o RESEARCH METHODOLOGY
o INTRODUCTION OF BRAND
DATA PRESENTATION
o CONCLUSION
o REFERENCE
o QUESTIONNAIRA
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ACKNOWLEDGEMENT
I offer my sincerest thanks and express my deep gratitude to Mrs.Riya Sharma, my project
guide for her immense help and guidance.
I would also like to take this opportunity to thank Dr. N.K. Kakkar and all the other staff of
institute for their continuous help in providing detailed information & guidance whenever
needed, in project.
Last but not least; I would like to thank all my friends for their continuous help whenever I
was needed in project.
ANIL KUMAR
( E-NO_ 005148306)
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EXECUTIVE SUMMARY
All this research is then followed by a survey which reveals some facts
about the brands image in the minds of the consumer and satisfaction
derived by the consumers after purchasing the brand.
At last I have concluded the report with my interpretation of the whole thing
and the information collected is presented with the help of charts and
diagrams.
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RATIONAL OF MAKING THE REPORT
Brand is the added value endowed to a product and services. This value
may be reflected as in how consumers thinks, feel or act with respect to a
brand as well as the prices, market share an profitability that the brand
commands from the firm.
You can not understand consumers emotions, feeling, his aspirations and
expectations for a brand by reading books or theoretical knowledge; for that
purpose you have to interact and communicate with the consumer up close
and personal and ask him directly or indirectly about his perception of the
brand.
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perception about a particular brand. If a consumer has a positive
perception for a brand he/she will definitely go and buy it and after buying
it he/she matches his/her perceived level of satisfaction with the actual
satisfaction derived. That is how brand images are build. This report also
tries to analyze customer satisfaction for a particular brand.
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OBJECTIVE OF RESEARCH
Raymond’s over the years have become synonymous for trust, quality and
style. It is the market leader in suiting and shirting’s, worsted fabric,
tailored & readymade garments with more than 60% market share. Since
it’s beginning in 1925 till today Raymond’s have understood the changing
needs of consumers and catered to it.
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RESEARCH METHODOLOGY
Blend of Descriptive method has been used in this research for the collection of
data. As the research is related to the study of consumer satisfaction, which can
more effectively be studied through direct questions, personal interview and informal
talks- experimental research will not much effective. Also, considering the time
constraints, descriptive research leading to conclusive result is the most suitable
design for this research as it is related to why anything happening. It checks the
behavior features of a customer.
The data has been collected through questionnaire method. The questionnaire was
designed in such a way to cover as many aspects of consumer behavior as
possible. Many questions have been asked in it for feedback from customers. In it
both opened ended questions and close ended questions have been asked for
study.
Secondary Data:-
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Under this data is taken from the internet. All the data related to its profile, mission
and capital structure is taken. Even data related to this study is also its
management, mission and many other things.
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INTRODUCTION OF THE BRAND
Years ago, when the Singhania family was building, consolidating and
expanding its various businesses in Kanpur, one Mr. Wadia was in a
similar manner setting up a small woollen mill in the area around Thane
creek, 40 kms away from Bombay. The Sassoons, a well-known
industrialist family of Bombay, soon acquired this mill and renamed it as
The Raymond Woollen Mills.
Around the same time, the Singhanias aimed to broaden their business
horizons. The family's sharp business foresight led to the acquisition of The
Raymond Wollen Mills.
When the grandson of Lala Juggilal, Lala Kailashpat Singhania took over
Raymond in 1944, the mill primarily made cheap and coarse woollen
blankets, and modest quantities of low priced woollen Fabrics
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technological upgradation and modernization; producing woollen Fabrics of
a far superior quality.
When Dr. Vijaypat Singhania took over the reins of the company in 1980,
he injected fresh vigour into Raymond, transforming it into a modern,
industrial conglomerate. His son Mr. Gautam Hari Singhania, the present
chairman and managing director has been instrumental in restructuring
the group. With the divestment of its non-core businesses, the group has
emerged stronger, with a more focused approach.
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and collections, one thing has remained unchanged over time is the
unrelenting pursuit of excellence!
A Design Studio has also been set up in Italy recently, which has further
enhanced our reputation in providing cutting edge design solutions of an
international standard.
All their brands are available at exclusive brand stores, ‘The Raymond
Shop’ retail outlets and multi-brand outlets across India and the Middle
East. Craftsmanship, teamwork and professionalism have come together at
Raymond to weave tales of the finest Fabrics for over 80 years. Today, it has
gained its market leadership position primarily on the strength of its vast
talent pool.
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HR POLICIES
Internal Resourcing
The company first scouts for talent within the organization to provide
growth opportunities to its employees. Notifying vacancies internally does
this. This practice helps in managerial cross-functional exposure for career
development and learning.
Lateral Recruitment
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Continuous learning and development
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Employee Involvement
PRODUCT OFFERINGS
Customers today the world over, are looking at one-stop shops that can
fulfill all their needs. Raymond, offer fully finished products that span
various garment categories that has been made possible by a seamless
horizontal and vertical integration across divisions. Their textile solutions
encompass everything - from worsted suiting to denim and shirting.
Its not just range but volume and quality that make them the textile major
that they are today. Their plants have a capacity of 28 million meters (soon
to be 31 million meters) in producing the finest worsted fabrics and wool
blends. The blends comprise of exotic fibers like cashmere, Mohair or
Angora or blends of wool with casein and bamboo or the ultimate in fine
pure wool – Super 230s.
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The denim division has a capacity of 80 million meters of specialty denims;
not to mention our capabilities in producing shirting and carded woolen
fabrics. Their joint ventures with global leaders ensure that consumers
have access to world-class products.
Six states- of- the- art textile plants and four garmenting factories in India
and Europe support their design Studios in India and Italy.
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Manufacturer Manufacturer of high Manufacturer of
of fine tailored fashion jeans wear. formal shirts.
formal suits, Capacity of 3 million Capacity of 3000
jackets and pairs of jeans per shirts per day.
trousers. year. Technical
Capacity of collaboration with
4,50,000 suits, Flex, Japan.
jackets and 2.4
million
WORSTED
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team. Their innovations have become milestones in the worsted suiting
industry:
They mastered the craft of producing the finest suiting in the world using
super fine wool count (from 80s to 230s) and blending the same with
superfine polyester and other specialty fibers, like Cashmere, Angora,
Alpaca, Pure wool and Linen.
Raymond is amongst the few companies in the world with the expertise to
manufacture even finer worsted suiting fabric- the Super 230s.
From fabric to fine tailored clothing, Silver Spark Apparel Ltd. Marks the
Group's foray into the global apparel market.
DENIM
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Raymond UCO Denim has state of the art manufacturing facilities in Ghent
(Belgium), Giurgiu (Romania), Rockingham and Snyder (US) and Yavatmal
(India). All their facilities produce differentiated ringspun denim, specialty
denim and other niche products for the global fashion market.
SHIRTINGS
The product range will include a wide range of fabrics and finishing
including cotton apparel fabrics and high-end cotton suiting fabric
produced at our newly set up state-of-the-art vertically integrated plant in
Kolhapur, India.
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This facility caters to the international markets at the middle to the upper
end brands and offers custom designed shirting products to our discerning
international customers, which includes leading brands and retailers. The
group is among the top three Italian high fashion cotton textile majors in
the world, supplying fabrics to premium brands across the globe.
Formal shirts
Dress Shirts
Textiles
Raymond Zambaiti Pvt. Ltd.
Celebrations Apparel Ltd
TAILORED CLOTHING
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Raymond manufacture suits, jackets and formal trousers
through Silver Spark Apparel Ltd., a wholly owned subsidiary of Raymond
Ltd...
To meet the growing needs of our domestic and international clients, their
plant has the capacity to produce 450,000 suits and jackets and 2.4 million
trousers annually, a significant addition to their existing capacities at
Thane near Mumbai.
They not only produce engineered (fused) jackets but also have the
capability to produce high -end half canvas jackets. This make-up offers the
complete 'tailored' with 18-20 rows of blind stitch on the lapels,
guaranteeing a roll on the lapel, which is unmatched. The jackets are hand
sewn to complete the tailored look.
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JEANS WEAR
The plant has the capacity to turn out 3 million garments per annum with
integrated garment design, sewing and washing operations. An in-house
design studio and sampling unit compliments manufacturing capabilities.
Dedicated sample washing machines ensure quick turnaround of samples.
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that we can provide a wide variety of finishes to meet the diverse
tastes of our global customers.
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DRESS SHIRTS
The plant has the capacity to manufacture over 1 million shirts per year.
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both fused and non-fised collars and cuffs as per our customer
requirements
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BRAND PORTFOLIO
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The Park Avenue store Exclusive stores where
offers the perfect one can shop for smart
premium lifestyle casual shirts, trousers
experience and and elegant
addresses the accessories.
customers need for
Business, Evening,
Leisure, Travel and
Heritage Wear.
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For example, they have the distinction of producing the finest suiting in the
world using super fine wool from 80s to 230s count and blending the same
with superfine polyester and other specialty fibres, like Cashmere, Angora,
Alpaca, Pure Silk, Linen etc.
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They produce nearly 20,000 design and colors of suiting
fabric, that have found their way in over 55 countries including the
European Union, USA, Canada, Japan and Australia among others. Even
as Raymond products evolve with the times, the brand still caters to the
different faces of 'The Complete Man'- a man who is caring, sensitive and
places a huge premium on relationships.
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The designs are created in limited editions to maintain exclusivity. An
elegant and relaxed ambience greets each customer visiting any of the
Manzoni boutiques, in Mumbai and New Delhi.
Manzoni formal shirts are available in regular 2 fold 100s, 2 fold 120s up
to 2 fold 200s with fine structures such as dobby, herring-bone, diamond
structures, stripes and checks, and solids such as white, purple, pink,
blue, etc. Collars range from regular, semi cutaway and spread collars to
two button collar bands. The buttons on Manzoni shirts are made of the
finest natural mother of pearl.
Manzoni formal suits are made of super fine wool ranging from super 120s
to super 150s. These suits have an Italian silhouette with superb
construction and excellent drape. Jackets are offered in contemporary
styles of single-breasted 2-button and single breasted 3-button with high
notch lapels. All the suits and jackets are made on the state-of-the-art
machines with exclusive handcrafted features such as hand stitch detailing
on lapels and pockets, contrast hand stitch detail inside the jackets on
sculpted (shaped) lining.
Manzoni formal trousers have a clean look and are well constructed with a
lining that provides total comfort to the waistband. Superior pocketing of
the finest cotton and knee length lining for woolen trousers make for
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comfortable wearing. Intricate features include French fly, blind stitched
loops, rounded belt extensions & ‘D’ bar tags at the back pockets for
additional strength to the garment. Only the finest premium horn and
Corozzo Nut buttons are used in Manzoni trousers.
Manzoni sport wear The highlight of the Manzoni Sportswear Line is the
wide and varied range of 100% linen and washed shirts in vibrant colors
available in half sleeves. Colorful checks, vibrant stripes and bright solids
in fashion colors like fuchsia, orange, aqua, blue, green and peach complete
the casual Italian look. The casual shirts have a smart relaxed ‘one piece’
collar for comfort. Manzoni boasts of the widest linen range in the country!
Trousers are available in 100% cotton and linen in regular flat front styles,
washed for a soft hand feel. Apart from the basic black, navy blue to off-
whites, these trousers are also available in fashion colors like Orange,
Magenta and Red. Adding to the premium casual look are 5-pocket ‘jeans-
style’ trousers in 100% linen and ‘drawstring trouser’ in 100% linen.
‘Unlined jackets’ made from 100% linen offer cool comfort as do leisure
suits in 100% linen available in shades of ivory, sand and natural coffee.
Manzoni’s Bona Sera evening line consists of washed 100% silk jacquard
shirts in colors like orange, red, blue, purple apart from the classic neutral
shades. Subtle embroidery on shirts dresses you up in rich elegance.
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Launched in 1986, Park Avenue provides stylish
and innovative wardrobe solutions to well-dressed gentlemen. As India’s
premium lifestyle brand, its designs embody the latest in international
fabric, styling, color and fashion trends. They cater to customer needs with
formal clothing for varied occasions; be it for a day at office, high-powered
corporate meetings, family get-togethers or festive occasions. The shirts,
trousers, suits and jackets need little care and therefore convenient to
carry, while traveling.
The brand has received several awards. Recently, it had the honor of being
the ‘Most Admired Brand’ at the Lycra Images Fashion Awards 2006, for
the second consecutive year.
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Set up in 1993, ColorPlus is one of India's leading casual wear brands.
Their shirts, trousers, knits, survival gear and accessories have always met
international quality standards.
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Parx reflects the persona of
the energetic 22-30 year old who is aggressive, outgoing, and dynamic and
lives his life to the fullest. They mirror the pulse of this new generation, who
look at clothing as a statement of their attitude and vibrancy.
Parx was launched in 1999 to cater to the smart and fashionable clothing
segment. It has garnered a significant market share in this category given
our vertical integration and a strong retail presence.
The brand affords a wide range of shirts, trousers, denims, polos and
outerwear. The range is categorized namely Urban, Sports, Excursion and
Club.
The Parx range is available at exclusive Parx brand outlets and “The
Raymond Shop” chain of stores across the country.
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Be: offers fashion that captures the latest trends from across the globe. Be:
offers a wide range of apparel and accessories for both men and women
from Be: and well known Indian designers like Anshu Arora Sen, Akbar
Shahpurwalla, Krishna Mehta, Manish Arora, Preeti Jhawar, Priyadarshini
Rao, Rohit Bal, Savio Jon, Shantanu & Nikhil, Varun Bhal, Vidhi Singhania
and Wendell Rodricks, across categories namely - Women’s Western wear,
Women’s Ethnic wear, Lounge Wear and Club wear for both men & women.
Be:, from Raymond Ltd., today is a 15 store chain. Be: has a pan India
presence with a store each in Ahmedabad, Ludhiana, Hyderabad, Chennai,
two in Bangalore and Kolkata, three in Delhi, four in Bombay. The Be:
chain will continue to expand in prominent cities in India.
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From party wear to casual wear, kids can now choose a different style for
each different occasion. Designed in-house, the Zapp! Clothing line consists
of 'Basics', 'Denim' and 'Street wear' amongst other collections. To go with
their clothes, kids can also shop for accessories such as footwear, bags, bed
and bath linen.
Zapp! Has also tied up with Warner Brothers to treat kids to 'Superman'
merchandise right in their city.
The collection will be marketed through exclusive brand stores across the
country, the first of which was launched in Ahmedabad and the next one in
Mumbai.
With their exciting clothes and accessories line complete with a unique and
fun experience; they look forward to redefining the kidswear market in the
country.
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RETAILING
The Raymond Shop has been a pioneer in organized retailing in the country
starting around five decades ago. Their wide reach and range of products,
makes it the largest one stop retail network in the country Over the years,
The Raymond Shop chain of stores has become a yardstick by which other
retail stores are judged and constantly sets new standards and creates
environments that make shopping a pleasure.
The Raymond Shop network started with a small corner shop in Ballard
Estate, Mumbai, around five decades ago. It has grown tremendously with a
dedicated team making it the largest retail store in the country having more
than 300 stores in prime locations, in 150 cities in India.
Their overseas network spans 27 stores in 15 cities across the Middle East,
Sri Lanka, Bangladesh and Nepal. The Raymond Shop retail chain occupies
a space of 1 million square feet built-up area.
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Their wide reach all over the country across big cities and smaller towns
allows us to reach a wide spectrum of consumers. They have now extended
our reach with a presence in some of the leading Malls with new retail
formats.
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AD CAMPAIGNS
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RESULT & ANALYSIS
18
16
14
12
10 S e r ie s1
8 S e r ie s2
6
4
2
0
10
9
8
7
6 S e rie s 1
5 S e rie s 2
4 S e rie s 3
3
2
1
0
44
Customer Service 0,
14
12
10
8 S e rie s 1
S e rie s 2
6
S e rie s 3
4
2
0
20
18
16
14
12 S e r ie s1
10 S e r ie s2
8 S e r ie s3
6
4
2
0
45
People buy Raymond Merchandize from
Local shop owners 25,
Raymond Shops 21,
Exclusive
30
25
Brand
20
Local shop
Raymond shop
outlets 4.
15 Exclusive
10
0
1
46
18
16
14
12
10
8
6
4
2
0
Friend Family Television Prient media Local shop
owoner
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INTERPRETATION
The complete brand
Raymond, a hoary brand, has had the wisdom to ensure its quality and
advertising move with the times even as they remain stylish and consistent.
I was married in 1982. And then I became history. No, this is not a column
about matrimony or the attendant challenges. It is about a brand that most
middle- and upper class Indians not only consider but also end up buying
when they get married. You don't have to be an expert on sartorial elegance
either to figure out that the brand that is top of mind is Raymond.
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Raymond the brand has been in existence for over eight decades now from
1923. To be precise, Raymond is unquestionably Indian's foremost textile
brand and a dominant market leader. The cornerstone of the brand has
been the consistently superior product quality and numerous innovations
that have ensured that the competition has been left behind.
And speaking of Raymond, one of the key factors behind its success is the
advertising, quality, style, and innovation. To my mind, Raymond's
advertising has been the best in its category for ages. A. G. Krishnamurthy,
the driving force behind Vimal's advertising for several years, will disagree
but that can be a different story. And this has happened through different
advertising agencies, which have handled the Raymond brand over the
years.
Whether it was the legendary Frank Simoes who for a short while handled
Vimal and Raymond, Enterprise-Nexus with the likes of Mohammed Khan
or R. K. Swamy BBDO, which has been handling it successfully for the last
few years. In fact, while Vimal might have had a powerful tagline in "the
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looks of a winner," it was Raymond, which has been walking away with the
advertising sweepstakes, in my book at least.
A flashback in fashion
The hallmarks of Raymond's over the years have been its sophistication and
consistency. I know that it is easier for people to remember the words of a
song or dialogues from films than it is to remember advertising slogans or
taglines. And yet, one of the tests for an advertisement is not only its recall
but also its relevance to the target audience at that point in time.
One of the brand's most visible and recalled slogans was "the guide to the
well-dressed male. And then the advertising moved ahead to "the complete
man." The complete man was a shift in the sense that it was focused on the
consumer. He, not fabric, was the hero.
I can still recall, almost frame by frame, a commercial, which was shot in
black-and-white that ends on the beach with a guy in a wheelchair. The
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contemporary tone of voice and sophistication continue to be enduring
features of the brand's advertising.
Agencies love change, more so when the original campaign idea is inherited
from a different agency. And yet there can be another possible dimension to
the complete man and that is warmth. If you had to find one word that
describes some of the Raymond TV commercials over the last few years,
that word would be "warm." I am sure all of us have enjoyed the
commercials of the baby, the bunch of cute puppies, the teacher coming for
his former pupil's wedding reception with flashbacks of the past or even the
recent one featuring dolphins.
Yes, the brand has broadbased its appeal from weddings to interviews to
international travel. And it is not only bankers who wear suits now. People
wear suits and classy clothes more often and the brand that will come to
mind and into their wardrobe will be Raymond despite the presence of the
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Digjams, the Grasims, the Reid & Taylors, the Dineshs and Vimals of the
world. Raymond today is a brand with global aspirations, excellent reach
and the financial clout and business acumen to take over brands like Color
Plus.
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CONCLUSIONS
The Rs 1,500 crore Raymond Group is moving ahead in the 21st century in
top gear as it sets an aggressive expansionist eye on not only the domestic
market, but also the global scene.
I don't think there are many companies in the world which are so integrated
that they actually manufacture worsted fabrics, woollen, linen and go to the
extent of converting them into readymade garments, suits and trousers,"
From making coarse woollen blankets and small quantities of low priced
woollen fabrics in 1944, Raymond now makes the Super 220S the world's
finest fabric retailing at Rs 1.05 lakh per suit length. Added to its fabric
base is the very impressive stable of men's RTW labels – Park Avenue, Parx,
Manzoni and Colorplus.
Based on the responses collected after the survey following conclusion can
be derived.
Raymond has established its name and fame in the minds and harts of
most of the consumers. Its supreme quality and trust has been a major
factor behind its success and its advertising strategy has be rock solid and
consistent over the years and that why most of the consumers responded to
Raymond immediately when asked about Suiting and Shirting. One of the
strong bastions of Raymond has been its advertising strategy Raymond
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advertisements have made their place in our memories and heart from
decades. They always touch our hearts and explore our feelings and try to
relate with us in one way or the other.
From 1925 till today Raymond have developed a strong patronage among
customers and after buying any of the Raymond Merchandize customer
came back again and again.
All though Raymond's have faced strong competition from Siyarams, Vimal
& Mayur but it need not to worry a lot about these because its name itself
is sufficient to compete with any body.
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SCOPE OF FUTURE RESEARCH
In this report we have analyzed the brand image, brand equity and brand
awareness of Raymond's. We have also tried to find out the customer
satisfaction for its products.
Also we could try to analyze the reasons behind the Raymond's approach of
promoting its brands like Manzoni Be; Zapp and Colour Plus differently and
not under the Raymond's tag because most of people are stile not aware
that these brands belong to Raymond's
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QUESTIONNAIRE
Q1 When I say suiting and shirtings, which brand comes to your mind?
Raymond’s
Siyaram
Digjam
Vimal
Dinesh
Reid & taylor
Mayur
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Raymond’s
Siyaram
Digjam
Vimal
Dinesh
Reid & taylor
Mayur
Quality
Trust
Experience
Style
Affordability
Variety of merchandise offered
Promotions
Customer service/ambience
Excellent
Good
Average
Bad/poor
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Q6 From where do you buy Raymond’s merchandise?
Friends
Family
Television ad.
Print media
Local shop owner’s ad.
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