Originally posted by: Mallika-E-Bhais
Ummm ok but Biotique etc are absolutely terrible brands!!! It’s great it suits you but as a skincare line, they’re all ridiculously terrible. I know too many folks who’ve had all sorts of skin issues using Biotique & Shahnaz Hussein. The newer Indian skincare lines are good, with far more ingredient transparency than before, but Indian skincare has a 100000 Miles to go before it catches up to the west!! (Suhi & Sego, Truekind, D’You etc come to mind)
I completely disagree about the Indian PP. Indians today, are a well-travelled & very conscious lot. They look for western standards in absolutely everything. Have you seen how many Indians travel abroad (barring peak Covid years ofc) ?? How many of them shop couture/luxury labels?? There’s a reason why international luxury labels are flocking to China & india- B/c WE BUY.
quality i agree, indian brands have a long way to, even korean brands are good, and this holds for even expensive indian brands. i never said indian brands are high quality.
this is also because we do not have proper food safety and drug regulation, there is data which shows that same indian food brands enforce higher quality standards when they export vs indian market
but no, pp may be relatively better compared to pre liberalisation and they may have more exposure and travel more relatively
but no, spending power is very low, the average spend on an order on food apps is less than 500 inr and 20% spend less then 200 inr
to be classified as middle class income is 1lakh to 5 lakh annually in india, with this income how will spending power be high and can they afford couture brands
leave alone biotique, they will go for himalayas
there is no comparison to china, look at the number of luxury brands having stand alone botiques in india and compare them to hk and china, they are barely there, income level is higher in china
brands have entered and exited too in india because of this very fact, automobile market is one of the indiactors of purchasing power, look at cars, ford exited and so many others couldnt sustain in india
the only ones which have sustained are honda, hynudai and toyota and the number of models they have are so few compared to other countries and very price conscious, limited features
also most indian cars do not have the advanced safety features because indians are not ready to shell out for higher safety (mileage yes),
the very reason quality is low is because spending power is low
hence brands cut on quality to price low, this is basic business
people we see in malls abroad cannot be basis for deducting that spending power is high
I really don't think it is about who the market leaders in this segment as a whole are, but what section of customers is 82°E targetting at. The whole skin care segment can be seperated into multiple sections with all of them having a good enough customer base wherein established brands can comfortably sustain.
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