The yoga gurus behind india’s hottest consumer products – business – nz herald news

They have bushy beards, a preference for loose-fitting robes, hundreds of millions of devotees – and a line of consumer products. My yoga online free Meet the Indian gurus behind the brands challenging some of the planet’s biggest companies.

Baba Ramdev, Ravi Shankar, Gurmeet Ram Rahim Singh and Jaggi Vasudev are among yoga and spiritual leaders lending their names to everything from honey and herbal remedies to toothpaste and clothes. Yoga workout for weight loss With a ready-made clientele from their vast followers, they are helping to tap surging demand in India for natural and ayurveda-based products to challenge the likes of Unilever, Colgate-Palmolive and GlaxoSmithKline.

Bikram yoga langley groupon Customers browse a Patanjali Ayurved store in New Delhi, India. Yoga institute houston Photo / Bloomberg, Udit Kulshrestha

The newcomers’ success is snatching market share from larger established suppliers, which have had to develop their own ayurveda lines. Yoga cartoon images free Ayurveda is based on a belief that health and wellness depend on a balance of mind, body, and spirit, and can include the use of herbal compounds and special diets.

The guru-connected upstarts have already shaken the market. History of yoga nidra Unilever’s hold on India’s $11.7 billion beauty and personal care market has slipped more than 5 percentage points in the past five years, according to researcher Euromonitor International. Yoga pranayama images And local personal care rival Dabur India Ltd. Babaji kriya yoga secrets 2 says its growth is slowing, even as the market is forecast to expand 14 percent in 2016.

“These ayurvedic product sellers are posing a threat to Indian and global players as the product has gained mass appeal,” said Sanjiv Bhasin, an executive vice president at brokerage India Infoline Ltd. Facial yoga exercises for eyes Profit margins are shrinking in response, he said. Yoga breathing for sleep apnea “It has made the existing players enlarge their marketing budgets greatly to try and protect their turf.”

The biggest new competitor is yoga guru Baba Ramdev’s Patanjali Ayurved Ltd., which offers some 500 products spanning food, nutrition, and beauty and personal care. Yoga for neck and shoulder pain youtube Formed a decade ago, its revenue will at least double to more than $1.5 billion (100 billion rupees) in the year ending March 2017, Ramdev said in November, adding that all Patanjali profits go to charity.

Ramdev said he’s an “unpaid ambassador” at Patanjali and that childhood friend Acharya Balkrishna holds 97 percent of the company’s shares. Yoga at home workout That helped make 44-year-old Balkrishna India’s 48th richest person in 2016, worth $2.5 billion, according to Forbes.

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“World-class quality, low price and giving away our entire profit to charity are the three main reasons for the boom seen in Patanjali products,” said Ramdev, clad in his trademark saffron-colored robe, in an interview in New Delhi. Yoga for runners youtube Executives at multinational companies believe babas, or holy men, like him “don’t know anything,” he said. Restorative yoga sequence for summer “Now all tie-wearing people are sweating. Yoga asanas for neck and shoulder pain They realize loincloth-wearing people can do many things.”

Patanjali had a 1.2 percent share of Indian’s beauty and personal care market last year from 0.2 percent in 2011, according to Euromonitor. Yoga space keene The company is planning to release refined oil, milk and textiles, mostly to counter the dominance of foreign-owned businesses, Ramdev said.

Unilever, which began selling “Sunlight” soap in India in 1888, has said domestic brands, such as Patanjali, have been better than multinationals at picking up on local trends. Yoga perth cbd Patanjali is a company “which everybody has been following with a lot of interest – incredible branding created there,” Unilever Chief Financial Officer Graeme Pitkethly said on an Oct. Bikram yoga san jose schedule 13 conference call to discuss third-quarter sales. Yoga poses names and pictures Patanjali Ayurved products for sale at a general store in New Delhi, India on Nov. Yoga reading list 19, 2016. Yoga retreat hawaii 2014 Photo / Bloomberg, Udit Kulshrestha

The Anglo-Dutch giant has countered this with Hamam soap, which incorporates ayurvedic herbs, and its local unit Hindustan Unilever Ltd. Bikram yoga msk bought hair-care brand Indulekha December last year to add a “naturals” line in hair oil.

Patanjali aims to have 500 billion rupees in revenue in the next three years, Ramdev said. Pilates plus studio city Infoline said the company could grab 35 percent of both the Indian honey and ayurvedic medicine markets and a third of the market for ghee, a type of clarified butter. Yoga west katy tx Colgate-Palmolive and Dabur would be hurt the most by Patanjali’s expansion, Infoline said.

“In India, the consumer believes strongly in natural ingredients,” Bina Thompson, Colgate-Palmolive’s chief investor relations officer, told analysts on a July 28 conference call. Yoga near me New York-based Colgate has introduced toothpastes with neem and clove essence, and recently began selling a charcoal-infused toothbrush and Colgate Cibaca Vedshakti, which contains natural ingredients including eucalyptus, basil and camphor.

In October, Dabur India Chief Executive Officer Sunil Duggal described Patanjali’s Dant Kanti toothpaste, which vies with Dabur’s Red brand, as a “fairly formidable player.”

A 200 gram pack of Dant Kanti goes for 75 rupees in India on online shopping portal Prenatal yoga nyc That compares with 74.80 rupees for the same quantity of Dabur Red and 97 rupees for Colgate’s Active Salt with neem.

“Patanjali has made an impact, and we need to counter that,” Duggal said on an Oct. Gentle yoga poses 26 conference call with analysts. Yoga for lower back pain baba ramdev “We are not growing as fast as we could.”

Sales at Patanjali have climbed as it expanded the number of retail stores selling its own products to almost 10,000 nationwide, building on a franchise system created from its existing yoga outlets.

“This has seen him save on ad expenses and marketing costs compared to larger players,” he said. Yoga loft london And land around the yoga ashrams Ramdev has established will “give him enough room to expand for the next three years.”

Following Patanjali’s “spectacular” success, Edelweiss Securities Ltd. Yoga practice georgetown ma expects other spiritual gurus, including Sri Sri Ravi Shankar, Guru Ram Rahim Singh, and Sadhguru Jaggi Vasudev, “to go the Patanjali way,” analyst Abneesh Roy and colleagues said in a report in March.

Sant Shri Asaramjibapu Ashram, Sri Aurobindo Ashram, and BAPS Swaminarayan Sanstha are other organizations that not only cater to the spiritual needs of millions of followers, but are also emerging as suppliers of fast-moving consumer goods, the Edelweiss report said. Apprendre le yoga Shankar’s Sri Sri Ayurveda, in particular, is showing “renewed aggression” as it rides on the brand equity of its founder, whose “Art of Living” movement has 370 million followers worldwide, it said.

Sri Sri Ayurveda is beginning to use mass media, point-of-sale advertising and online retailing, Edelweiss said. Yoga basics for beginners video In October, the group began selling a range of ayurvedic health drinks under the Ojasvita brand and signed Olympic silver medalist P. Bikram yoga chicago west loop V. Yoga practice benefits Sindhu to help promote it in a market dominated by GlaxoSmithKline’s Horlicks brand.

Ramdev and Shankar’s products are benefiting from Prime Minister Narendra Modi’s “Make in India” platform aimed at supporting local brands as well as trust in their products, said Shreyansh Kocheri, a research analyst in India with Euromonitor. Yoga beginner poses People perform a yoga pose at Nehru Park in New Delhi, India. Yoga moves reading ma schedule Photo / Bloomberg, Udit Kulshrestha

“Consumers have immense trust in both these personalities and hence perceive their products to be of good quality,” Kocheri said. Superbrain yoga snopes “Consumers are increasingly becoming cautious of the products they consume or apply on their skin. New yoga dvds 2015 They are on the lookout for natural, herbal and ayurvedic products which they perceive to be healthy and not have any side effects.”

Pranay Naithani, a television producer in Mumbai, said she switched to Patanjali and other ayurveda-based products after finding them superior to the organic lines from multinational companies she was buying. Zenergy yoga toronto “It’s not because Patanjali products are reasonable – it’s more because of the quality of the products,” the 27-year-old said.

The popularity of ayurvedic and traditional herbal ingredients in modern consumer products in India coincides with a resurgence of Hindu nationalism, said Meera Ashar, deputy director of the South Asia Research Institute at the Australian National University in Canberra.

“One of the ways in which Hindu nationalism maintains itself is by highlighting its own uniqueness and antiquity,” Ashar said. Best yoga poses for flat abs The search for objects and practices of national antiquity, which isn’t peculiar to India, has been “seamlessly merged with contemporary consumerism” there, she said.

“People like Baba Ramdev and Shri Shri Ravi Shankar have capitalized on these dual desires by claiming to package ‘tradition’ as a product of modern convenience,” she said. Yoga conference “Their own status within Indian society offers legitimacy to what they claim is ‘tradition,’ giving us phenomena such as ‘authentic’ Indian pasta.”

“Patanjali also opened up a lot of doors,” Dabur India’s Duggal said in October. Yoga melbourne cbd Ramdev “has been very instrumental in expanding the whole franchise within ayurveda. Reflections yoga center So, I think we should see him not as a threat to be fought on a one-to-one basis, but as a facilitator.”