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Bangalore,
14 January, 2011, The Times of India
Shilpa
Phadnis
FMCG major Britannia Industries on Thursday entered the Rs 500-crore
(Rupees 5 billion) branded breakfast space dominated by players
like MTR Foods, Kellogg India, PepsiCo and Marico. The company
has launched Britannia Healthy Start, a range of ready-to-cook
breakfast mixes consisting of upmas, pohas, porridges and oats.
The company said the breakfast range is fortified with multi-grains,
vegetables, pulses and nuts and takes only 5 minutes to cook.
It is priced between Rs 33 and Rs 45 for 150-170 gm packets.
Britannia is focused on healthy snacking options, and the company
sees this move as a natural extension of its biscuits and bakery
product line. "Our research showed that Indian consumers
wanted breakfast solutions that combined convenience, health and
taste," said Vinita Bali, MD of Britannia Industries.
Devangshu Dutta, chief executive of retail consultancy firm
Third Eyesight, said changing lifestyles and eating habits was
creating an opportunity for ready-to-eat/cook players. "This
space is seeing a lot of action because of the migrant working
population. There is room to supplement the breakfast solution
segment," he said.
Breakfast mixes are seen to fit into the consumer's aspiration
as an enabler. Vikran Sabherwal, VP-marketing in MTR Foods, said,
"Customers want valued-added solutions in the kitchen. For
instance, a housewife doesn't want ready-to-eats as a solution.
She wants that headroom to add value to the dish." MTR offers
six varieties of breakfast mixes, including uttappam, rava dosa,
rava idly and upma.
Pinakiranjan Mishra, who leads Ernst & Young's retail &
consumer product practice, pointed out that Western breakfast
foods like cereals and oat meal took time to penetrate the Indian
market, but are now well established. "Homegrown companies
are now differentiating in this segment with tasty and no cholesterol
or preservative offerings," he said.
Marico recently entered the branded breakfast space with Saffola
Oats and cereal maker Kellogg India launched Heart to Heart oats.
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