SWOT Analysis of Parachute

Strengths in the SWOT analysis of Parachute

Premium edible grade coconut oil
Market leader in its category, has a huge loyalty in the urban & rural sections of India
Synonymous with pure coconut oil & is positioned on the platform of purity
Brand has sought to remain relevant and differentiated through a slew of initiatives in packaging & communication like the “weight-test” (proving that pure Coconut oil is heavier than impure oil). These innovations have ensured protection of existing franchise, they have propelled further penetration, enabling conversion of loose oil consumers to packaged Parachute Coconut Oil
Parachute enjoys tremendous equity and trust with every passing generation
Is entering the shampoo market with Starz and has a range specifically for the age group of 3-10yrs

Weaknesses in the SWOT analysis of Parachute

Innovations like personal massager where available in select cities and limited quantities
Parachute Hot Oil should be a seasonal product and should be sold in winters and not during summers in places where it gets very hot

Opportunities in the SWOT analysis of Parachute

Parachute can get into skin care by introducing oils for application on the entire body
Parachute should launch variants that have not only coconut but also other natural ingredients that benefit the hair. This will help fight competition from brands that are not made of coconut but other ingredients like badam, amla, mustard etc.
Should launch variants that make the head feel cool and refreshed

Threats in the SWOT analysis of Parachute

Many players are entering the market
Parachute as a brand is positioned as a coconut oil. Competitor brands are communicating the advantages of using oils that are made of badam, amla, mustard etc.
Though Marico is expected to roll out its Maha Thanda brand in March 2009 which is in the cooling hair oil segment, Parachute can lose market share as it does not have a product in that category

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