New PIJM now accepts submissions exclusively via the Editorial Scholar portal — a dedicated submission & review system.
Go to Editorial Scholar →
Associated Management Consultants Pvt. Ltd. | COPE Member
Scopus Q2 UGC-CARE |
Prabandhan: Indian Journal of Management logo

Prabandhan: Indian Journal of Management

ISSN: 0975-2854 Frequency: Monthly Peer Review: Double-blind Published since: 2008 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q2 UGC-CARE Group II Google Scholar J-Gate NISCAIR Crossref Cabell's Journalytics

Paper Boat in India: Beating the Giants

Open Access Original Article

Paper Boat in India: Beating the Giants

Seema Sharma1,  Aditya Juneja2,  Akshat Lakhiwal3,  Ankur Tantia4

1 Associate Professor, Department of Management Studies, Vishwakarma Bhawan, Shaheed Jeet Singh Marg, Indian Institute of Technology (IIT) Delhi, New Delhi-110 016

2 Student, Department of Management Studies, Vishwakarma Bhawan, Shaheed Jeet Singh Marg, Indian Institute of Technology (IIT) Delhi, New Delhi-110 016

3 Student, Department of Management Studies, Vishwakarma Bhawan, Shaheed Jeet Singh Marg, Indian Institute of Technology (IIT) Delhi, New Delhi-110 016

4 Student, Department of Management Studies, Vishwakarma Bhawan, Shaheed Jeet Singh Marg, Indian Institute of Technology (IIT) Delhi, New Delhi-110 016

Volume 9
Issue 4
Pages 7–17
Year 2016
Received: Oct. 14, 2015 Accepted: March 15, 2016 Published: April 1, 2016
Abstract

The beverage industry in India is growing as the income levels of the people are rising. Also, more and more people are becoming health conscious due to their lifestyles issues. In such a scenario, offering affordable and healthy juice drinks with traditional flavours by Hector Beverages has been a welcome move in the market. This brand, known as Paper Boat, targets the younger generation, and has been growing by leaps and bounds due to innovative and traditional flavours. The objective of this case study was to highlight the growth of this indigenous brand, identify the challenges and strengths, and to discuss expansion strategies. The key finding is that the USP of Paper Boat in this product category among the presence of giant players is not pricing, but the emotional connect. It can be concluded that the brand, targeting a correctly identified profitable niche, is expected to rise fast in the future with a better distribution network and appropriate communication strategies.

Keywords Paper Boat Traditional Flavours Emotional Connect Diverse Portfolio
How to Cite

Seema Sharma, Aditya Juneja, Akshat Lakhiwal, Ankur Tantia (2016). Paper Boat in India: Beating the Giants. Prabandhan: Indian Journal of Management, 9(4), 7–17. https://doi.org/10.17010/pijom/2016/v9i4/90738

References
  1. Ablett, J. et al. (2007). The bird of gold – The rise of India’s consumer market. McKinsey Global Institute. Retrieved from <a href=http://www.mckinsey.com/global-themes/asia-pacific/the-bird-of-gold target="_blank">http://www.mckinsey.com/global-themes/asia-pacific/the-bird-of-gold</a>
  2. Advani, S., & Gooptu, B. (2015, July 6). Hector beverages raises Rs 183 crore in fresh round of funding from new and existing investors. The Economic Times. Retrieved from <a href=http://articles.economictimes.indiatimes.com/2015-07-06/news/64142605_1_neeraj-kakkar-hector-beverages-manpasand-beverages target="_blank">http://articles.economictimes.indiatimes.com/2015-07-06/news/64142605_1_neeraj-kakkar-hector-beverages-manpasand-beverages</a>
  3. Ambwani, M.V. (2014, October 5). Traditional drinks brand Paper Boat to sail into more cities with regional variants. The Hindu. Retrieved from <a href=http://www.thehindubusinessline.com/companies/traditional-drinks-brand-paper-boat/article6473363.ece target="_blank">http://www.thehindubusinessline.com/companies/traditional-drinks-brand-paper-boat/article6473363.ece</a>
  4. Atsmon, Y., Child, P., Dobbs, R., & Narasimhan, L. (2012). Winning the $30 trillion decathlon: Going for gold in emerging markets. McKinsey Quarterly. Retrieved from <a href=http://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/winning-the-30-trillion-decathlon-going-for-gold-in-emerging-markets target="_blank">http://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/winning-the-30-trillion-decathlon-going-for-gold-in-emerging-markets</a>
  5. Indiantelevision.com. (2014, October 27). Karishma Lintas wins the creative mandate of Paper Boat. Indiantelevision.com. Retrieved from <a href=http://www.indiantelevision.com/mam/media-and-advertising/ad-agencies/karishma-lintas-wins-the-creative-mandate-of-paper-boat-141027 target="_blank">http://www.indiantelevision.com/mam/media-and-advertising/ad-agencies/karishma-lintas-wins-the-creative-mandate-of-paper-boat-141027</a>
  6. Pande, S. (2013, February 3). Surfeit of energy. Business Today. Retrieved from <a href=http://www.businesstoday.in/magazine/cover-story/indias-coolest -start-ups-hector-beverages/story/191501.html target="_blank">http://www.businesstoday.in/magazine/cover-story/indias-coolest -start-ups-hector-beverages/story/191501.html</a>
  7. Paper boat to expand to 50 cities by the end of this year. (2015, March 11). The Economic Times. Retrieved from <a href=http://articles.economictimes.indiatimes.com/2015-03-11/news/60008302_1_50-cities-six-cities-production-capacity target="_blank">http://articles.economictimes.indiatimes.com/2015-03-11/news/60008302_1_50-cities-six-cities-production-capacity</a>
  8. Paper Boat, Indo Nissin ink distribution tie-up. (2015, April 29). The Economic Times. Retrieved from <a href=http://articles.economictimes.indiatimes.com/2015-04-29/news/61653000_1_strategic-tie-up-indo-nissin-foods-paper-boat target="_blank">http://articles.economictimes.indiatimes.com/2015-04-29/news/61653000_1_strategic-tie-up-indo-nissin-foods-paper-boat</a>
  9. Paper Boat. (n.d.). About drinks. Retrieved from <a href=http://www.paperboatdrinks.com/drinks target="_blank">http://www.paperboatdrinks.com/drinks</a>
  10. Singh, R. (2014, October 5). How Hector beverages' Paper Boat is making waves in a cluttered soft drinks market. The Economic Times. Retrieved from <a href=http://articles.economictimes.indiatimes.com/2014-10-05/news/54653088_1_tzinga-energy-drink-neeraj-kakkar target="_blank">http://articles.economictimes.indiatimes.com/2014-10-05/news/54653088_1_tzinga-energy-drink-neeraj-kakkar</a>
  11. Statistica.com (n.d.). Beverage categories in Indian market. Retrieved from <a href=www.statistica.com/markets/ target="_blank">www.statistica.com/markets/</a>
  12. Tandon, S. (2015, March 15). Paper Boat maker Hector Beverages opens second plant in Mysore. LiveMint. Retrieved from <a href=http://www.livemint.com/Companies/zW3uKSFjAmrnSiYLkaaTBN/Paper-Boat-maker-Hector-Beverages-opens-second-plant-in-Myso.html target="_blank">http://www.livemint.com/Companies/zW3uKSFjAmrnSiYLkaaTBN/Paper-Boat-maker-Hector-Beverages-opens-second-plant-in-Myso.html</a>
  13. The BCG Consulting Group. (2011). India food processing: Mission 2020. Retrieved from <a href=http://www.bcgindia.com/documents/file105850.pdf target="_blank">http://www.bcgindia.com/documents/file105850.pdf</a>
  14. VDMA. (n.d.). The Indian market for food processing and beverage machinery and equipment. Retrieved from <a href=http://www.drinktechnology-india.com/media/website/files/pdf/vdma-market-report-india.pdf target="_blank">http://www.drinktechnology-india.com/media/website/files/pdf/vdma-market-report-india.pdf</a>
  15. Verma, S. (2014, July 5). Paper boat surprises makers with buoyant sales. LiveMint. Retrieved from <a href=http://www.livemint.com/Companies/xxtaAZ7l4Wq1ayNDFrnGMP/Paper-boat-surprises-its-makers-with-buoyant-sales.html target="_blank">http://www.livemint.com/Companies/xxtaAZ7l4Wq1ayNDFrnGMP/Paper-boat-surprises-its-makers-with-buoyant-sales.html</a>
Editorial Scholar

Submit your Research to PIJM

Submit your Manuscript → Author Guidelines