Over nearly a decade, Frito-Lays India grew to be the undisputed champion of the branded part of the salty snack segment, estimated to be valued at around Rs 2,000 crore. Competition for the vast majority of this period was principally from local brands or by companies whose commitment to the segment seemed suspect. Manu Anand, managing director, Frito-Lay India says, “Our successful model attracted people to this segment for quite some time. Kelloggs came in with Cheez-its and ITC with Bischips.”
While Bischips was a less than successful attempt at cracking the market, ITC’s second foray is a lot more focused, and has met with some pleasing initial results. Bingo was launched in March this year, and in a comparatively short span of time, has managed to create quite an impact — market leadership with a 53% to 54% share in Coimbatore, Chennai and Bangalore, if ITC is to be believed. With pricing at par with the national market leader, Bingo has kicked things off with a large portfolio: 16 different flavours — 10 in potato chips and six in finger snacks.
While Bischips was a less than successful attempt at cracking the market, ITC’s second foray is a lot more focused, and has met with some pleasing initial results. Bingo was launched in March this year, and in a comparatively short span of time, has managed to create quite an impact — market leadership with a 53% to 54% share in Coimbatore, Chennai and Bangalore, if ITC is to be believed. With pricing at par with the national market leader, Bingo has kicked things off with a large portfolio: 16 different flavours — 10 in potato chips and six in finger snacks.
