Britannia, ITC, Parle & Pepsico’s change in packaging to also see revision in prices
In compliance with the government’s new guidelines for standard pack sizes, major FMCG like Parle Products, ITC Foods and Britannia Industries are changing their packaging strategy, which will also see a revision in prices of some products.
Parle, the maker of Parle-G biscuits, has revamped the packaging strategy for its entire portfolio of biscuits with price revisions for its premium brands such as Hide & Seek. While ITC Foods has made the required changes for its biscuit packs, Britannia has made a slew of changes in its product pack configurations across the portfolio of biscuits, breads, rusks and dairy products.
Similarly, PepsiCo India has also complied with the new standard pack size regulations while Kolkata-based Duncan Tea has recently revamped the packaging of its 50-g packs of tea.
As per the government’s new law, FMCG companies cannot sell 19 product categories in current unconventional, arbitrary pack sizes like 65, 73, 85, 92, 175, 425 (grams/millilitre). Instead, all such products will have to be sold in standard pack sizes like 25, 50, 100 and multiples of 100 units (g/ml). It is mandatory for FMCG firms to follow the standard pack sizes from November 2012.
“As family packs have to be in line with small packs in our portfolio, we have revamped the packaging strategy for all our biscuit brands. We are in the process of rolling out our new biscuit packs across the country,” said Praveen Kulkarni, general manager, Parle Products. Currently, the company sells Parle-G packs (25 g and 50 g) priced at R2 and R4, respectively, compared with R5 for a 66.7-g pack earlier.
“We have recently cut down the sizes of our biscuit packs, keeping the same count of biscuits. We have revised prices of our premium brands like Hide & Seek biscuits,” Kulkarni added.
The norms bar the sale of FMCG products in sachets and smaller packs with irregular pack sizes. On ITC’s revamped pack sizes, ITC Foods CEO Chittaranjan Dhar said: “We have made changes in our biscuit packs wherever it was needed, in total compliance with new rules. The impact of this move has been very positive till now.”
After considering other parameters, the company has revised the prices of its brands in some case while retaining the same price point in others.
Meanwhile, Britannia Industries has implemented some changes in pack sizes of its