Our Director Mr. Ankit Agrawal Shared Travel Tips and Insights in the Cover Story of Corporate Citizen.
April 23, 2024Indiaretailing.com Chronicles the Success Journey of Our Company MDPH
May 1, 2024
In a recent conversation with exchange4media and Impact magazine, Mr. Ankit Agrawal, our Director shared valuable insights into the brand’s journey and its strategies for sustained growth. Reflecting on MDPH’s evolution, Mr. Agrawal traced back to its humble beginnings in 1992, when his father and uncle laid the foundation of the company in a garage in Indore.
Innovative marketing strategies have been instrumental in propelling MDPH’s reach to the masses. The brand strategically distributes free samples to familiarize customers with its products and actively engages in on-ground initiatives. However, the pivotal shift occurred with the incorporation of celebrity endorsements, leveraging the star power of icons like MS Dhoni and Hrithik Roshan across packaging and promotions.
Addressing market dynamics amidst perceived slowdowns, Mr. Ankit Agrawal emphasizes the resilience of products like agarbattis, which maintain consistent demand irrespective of economic fluctuations. Acknowledging heightened competition and evolving consumer preferences, he underscores the importance of adaptability and customer-centricity in securing market share.
In terms of marketing, MDPH prioritizes electronic media and promotional offers to drive product adoption among retailers and consumers alike. Reflecting on the post-pandemic landscape, Mr. Agrawal observes a shift in consumer behavior towards seeking reliability and quality, influencing brand messaging and consumer engagement strategies
While digital marketing remains on the periphery, MDPH continues to place emphasis on conventional mediums like television and print, citing their efficacy in reaching target audiences and fostering brand trust. The brand allocates a significant portion of its marketing budget to television, supplemented by strategic investments in newspaper advertisements, aligning with its brand-focused approach.
Looking ahead, MDPH remains steadfast in its commitment to customer-centric growth. With forays into the pooja category and the Samarpan range, the brand aims to capitalize on emerging trends and evolving consumer preferences. MDPH’s roadmap for growth revolves around customer-centricity, innovation, and adaptability, ensuring sustained relevance and resonance in an ever-evolving market landscape.