Skip to main content

Reliance Retail Brand Value Soars

 


HDFC Bank Ltd retained its top position as the country’s most valuable brand for the seventh straight year in 2020 despite an 11% decline from the previous year, benefiting from innovation and expansion, according to a report by WPP Plc and Kantar.

HDFC Bank, which is now valued at $20.2 billion, was followed by Life Insurance Corporation of India (LIC) and Tata Consultancy Services in the list of the 75 most valuable companies.

The 2020 edition of the ranking was worth $216 billion in brand value, a 6% decline from 2019, driven largely by a fall in the brand value of banks and automotive companies. Despite the overall decline in value, 26 brands increased their value, and there were five new entrants.

Most notable among these 26 was Reliance Retail Ltd, a subsidiary of Reliance Industries Ltd, which doubled its brand value to become the fastest riser this year at No. 25 ($2.3 billion), up 30 places.

The challenging economic and social conditions created by the pandemic and a pre-covid-19 slowdown in the Indian economy led to an erosion of the brand value of Indian companies.

More than half the brands on the BrandZ Top 75 Most Valuable Indian brands list declined in value. Only 11 managed to grow consistently in the past five years.

Preeti Reddy, chief executive officer - South Asia, insights division, Kantar, said that the performance of retail, telecom and fast-moving consumer goods brands has shown that being agile in times of crisis is critical for growth.

“The post-covid world will also offer brands opportunities around sustainable consumption because it is at the top of mind of consumers. A sense of purpose, trust and responsibility have become crucial. The data shows that brands that deliver on these parameters have gained brand value and will continue to do so," she added.

Retail (33%), personal care (32%) and telcos (25%) emerged as the fastest-growing categories as their brand value increased due to value creation and a pivot to digital, which helped customers during the lockdown.

E-commerce firm Flipkart (No. 8, $6.5 billion) made its debut in the top 10 with a 40% jump in brand value.

D-Mart (No. 16, $3.3 billion), with a 38% jump, also saw its brand value increase significantly, while instant food brand Maggi had one of the highest brand value growth figures at 46%.

Despite the paints industry struggling, Asian Paints grew its brand value by 14% by focusing on meaningful difference, communications and innovation.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Comments

Popular posts from this blog

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life  has entered into a  bancassurance  (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s  1.5 million  customer base across all its branches over a period of time. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p...

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...