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Analyzing the consumer buying
behavior in the premium readymade
garments category in India
Submitted by
Sarthik Chothani
FMS/BBA/2019-22/021
Introduction
◉ Textile industry in India widely and comprehensively
integrates a whole range of raw materials to finished
product that includes fiber manufacturing.
◉ Globalization has paved the way for India's business
community to enter into in the international market.
2
Objectives
◉ Understanding the concepts of branding and consumer
behavior.
◉ To study the effect of brands on consumer buying
behavior about Readymade garments.
◉ To analyze the branding strategies adopted by some of
the companies in the readymade garments to woo the
consumers into buying their products.
3
Methodology
Secondary Data
o Articles in Newspapers, Magazines and Internet
o Study Reports from Internet
4
Primary Data
o Consumer Survey on the effect of
brands on their buying behavior.
Sample size
o Sample size is 70
o Conveniences sampling was used here.
ANALYSIS
5
6
7
8
9
10
11
12
Findings
◉ Fashion terminology is often used by consumers in
overlapping ways.
◉ Consumer behavior is relevant to the understanding of
the dynamics of popular culture.
◉ The Internet is transforming the way consumers interact
with companies and with each other.
◉ There are many perspectives on consumer behavior,
but research orientations can roughly be divided into
two approaches. (Positivist perspective & interpretive
perspective)
13
Conclusion
◉ Brands do not compete in the product area but compete
for the mind space of the customer.
◉ Brands affect the consumer mind in many ways like
quality, rates, income, age groups, etc.
◉ Branding is about building consumer trust in an
organization's products. Globalization and
communication mediums are making a wider target
audience possible.
14
15
◉ People are switching from local products to branded products.
◉ They like to use branded products to show their status, power,
and wealth.
◉ Reference groups play an important role in choosing branded
products.
◉ People tend to become more loyal to specific brands.
◉ Companies are investing heavily in marketing campaigns that
can boost the value of their brand.
Suggestions
 The company should study purchasing power, lifestyles, buying
habits, optimal usage level.
 Marketers should study the role of children in buying decisions -
as influencers and decision-makers.
 One solution is the joint distribution or by adopting direct
marketing.
 Companies should identify the requirements and pack
commodities according to demand.
16
17
 Marketers will require devoting to more efforts to understand the
customer view of quality and convenience.
 As government withdraw entry barriers and relax the restriction
on merger or takeover many companies should install superior
technology and resort to merger - acquisition route to make their
unit more efficient
 Marketers have to develop organizational structure style and
functioning which enable them to act fast and bring in innovations
in their marketing programs.
18
THANK
YOU

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Analyzing the consumer buying behavior in the premium readymade garments category in India

  • 1. Analyzing the consumer buying behavior in the premium readymade garments category in India Submitted by Sarthik Chothani FMS/BBA/2019-22/021
  • 2. Introduction ◉ Textile industry in India widely and comprehensively integrates a whole range of raw materials to finished product that includes fiber manufacturing. ◉ Globalization has paved the way for India's business community to enter into in the international market. 2
  • 3. Objectives ◉ Understanding the concepts of branding and consumer behavior. ◉ To study the effect of brands on consumer buying behavior about Readymade garments. ◉ To analyze the branding strategies adopted by some of the companies in the readymade garments to woo the consumers into buying their products. 3
  • 4. Methodology Secondary Data o Articles in Newspapers, Magazines and Internet o Study Reports from Internet 4 Primary Data o Consumer Survey on the effect of brands on their buying behavior. Sample size o Sample size is 70 o Conveniences sampling was used here.
  • 6. 6
  • 7. 7
  • 8. 8
  • 9. 9
  • 10. 10
  • 11. 11
  • 12. 12
  • 13. Findings ◉ Fashion terminology is often used by consumers in overlapping ways. ◉ Consumer behavior is relevant to the understanding of the dynamics of popular culture. ◉ The Internet is transforming the way consumers interact with companies and with each other. ◉ There are many perspectives on consumer behavior, but research orientations can roughly be divided into two approaches. (Positivist perspective & interpretive perspective) 13
  • 14. Conclusion ◉ Brands do not compete in the product area but compete for the mind space of the customer. ◉ Brands affect the consumer mind in many ways like quality, rates, income, age groups, etc. ◉ Branding is about building consumer trust in an organization's products. Globalization and communication mediums are making a wider target audience possible. 14
  • 15. 15 ◉ People are switching from local products to branded products. ◉ They like to use branded products to show their status, power, and wealth. ◉ Reference groups play an important role in choosing branded products. ◉ People tend to become more loyal to specific brands. ◉ Companies are investing heavily in marketing campaigns that can boost the value of their brand.
  • 16. Suggestions  The company should study purchasing power, lifestyles, buying habits, optimal usage level.  Marketers should study the role of children in buying decisions - as influencers and decision-makers.  One solution is the joint distribution or by adopting direct marketing.  Companies should identify the requirements and pack commodities according to demand. 16
  • 17. 17  Marketers will require devoting to more efforts to understand the customer view of quality and convenience.  As government withdraw entry barriers and relax the restriction on merger or takeover many companies should install superior technology and resort to merger - acquisition route to make their unit more efficient  Marketers have to develop organizational structure style and functioning which enable them to act fast and bring in innovations in their marketing programs.