New Delhi, July, 2021.
Prabhu Shree Ram, a premium agarbatti
brand, has launched over 100 premium agarbattis in the last one year. The
adverse effects of lockdown due to the Corona epidemic were visible across all
industries and businesses. At such a time a new brand was launched in August
2020, in the FMCG segment that successfully expanded its market. The achievement
of this brand is that in such a short span of time the premium incense stick
has a product range of more than 100 products in the country.
The quality of Prabhu Shri Ram
incense sticks is very much liked by the people of the country. Today, owing to
its nation-wide network the brand is easily available across the country. As the brand is just associated with Aastha,
it added a range of premium perfumes to its array of premium products what
simply denotes its foray into lifestyle MFCG segment. With an aggressive
marketing strategy and manufacturing of premium quality products, the company
is establishing a strong identity in this segment.
Speaking about the success of Prabhu
Shree Ram brand, its CEO & Founder Prashant Kumar says, “We put a lot of
emphasis on the quality of Prabhu Shree Ram incense sticks and dhoop. We make
sure that customers get great product at affordable price. Popularity of the
brand is quite evident in smaller towns as well and we are working out a new
strategy to meet this demand.”
“Agarbatti industry has emerged as a
profitable industry even during the Corona period. The incense and agarbatti
industry is growing at the rate of 6 percent per year. At the same time, to
promote indigenous incense stick production, the import duty on the raw
materials and products used in it is increased from 10 percent to 25 percent by
the government. Here the positive effects of the efforts of the government are
quite visible. Currently, the total turnover of this industry is about Rs.
7500-8000 crores. We will further increase our stake in this business by
launching new products.” He further
added.