Akanksha Haldiram Project
Akanksha Haldiram Project
On
‘‘A STUDY ON CONSUMER PREFERENCE AND SATISFACTION
LEVEL TOWARDS HALDIRAM'S PRODUCTS WITH SPECIAL
REFERENCE TO NAGPUR CITY’’
Submitted by
Akanksha kumeriya
Enrollment No. : R2391020930046
MBA Semester - IV
(Marketing)
Batch 2022-24
CERTIFICATE
This is to certify that Akanksha kumeriya MBA IV Sem student of
Oriental College Of Technology entitled the project of ‘‘A STUDY ON
CONSUMER PREFERENCE AND SATISFACTION LEVEL TOWARDS
HALDIRAM'S PRODUCTS WITH SPECIAL REFERENCE TO NAGPUR
CITY’’ Which is being submitted herewith for the practice of Partial
fulfillment of Masters in Business Administration Barkatullah
Vishwavidyalaya, Bhopal for the year 2024.
Date Guide
Prof. Anjana dubey
HOD
ORIENTAL COLLEGE OF TECHNOLOGY,
BHOPAL
DECLARATION
I Akanksha kumeriya do hereby declare that the project entitled ‘‘A
STUDY ON CONSUMER PREFERENCE AND SATISFACTION LEVEL
TOWARDS HALDIRAM'S PRODUCTS WITH SPECIAL REFERENCE
TO NAGPUR CITY’’ is an original work carried out by me under the
guidance of Prof. S. Gupta in partial fulfillment of Master of
Business Administration during academic year, All the date
represented in this project is true and correct to the best of my
knowledge and belief. This work has not been submitted for any other
degree exam elsewhere.
Date :
ACKNOWLEDGEMENT
1
CHAPTER NO:-1
INTRODUCTION
2
foods, and more. Its success is attributed to factors like distinctive packaging,
unwavering product quality, the essence of traditional Indian flavors, and
strong brand recognition. Haldiram's journey began in 1941, and it has since
diversified into various segments, such as snack foods, syrups, biscuits, and
fast food. Notably, it dominates the namkeen market, commanding an
impressive 70% share. While the company has ventured into multiple
industries, this project primarily focuses on studying Haldiram's namkeen
division, with brief mentions of its other endeavors.Haldiram's extensive
product lineup includes namkeens, sweets, sharbat, bakery items, dairy
products, chips, papad, and ice creams. Of these, namkeens hold a pivotal
position, contributing nearly 60% of the company's total revenues. . In today's
fiercely competitive market, understanding consumer preferences and
satisfaction levels is crucial for businesses to thrive. This is particularly
pertinent in the food industry, where consumer tastes and satisfaction
significantly impact market dynamics. Haldiram's, a leading name in the
Indian food industry, has garnered widespread acclaim for its diverse range
of quality products. However, amidst a plethora of choices available to
consumers, comprehending their preferences and satisfaction levels towards
Haldiram's products becomes imperative.
The primary objective of this research is to delve into the nuances of
consumer preferences and satisfaction levels concerning Haldiram's products
within the context of nagpur city. By scrutinizing various factors including
taste, quality, packaging, pricing, and brand perception, this study aims to
provide invaluable insights into consumer behavior patterns and their impact
on Haldiram's market standing in nagpur.
The company's success in the namkeen market is attributed to its
commitment to using high-quality raw materials sourced from across India.
In the dynamic landscape of the Indian food industry, companies like
Haldiram continually adapt to changing consumer preferences, striving to
innovate and reinvent themselves to remain competitive. This project delves
into the thriving world of Haldiram's namkeen division, shedding light on its
remarkable journey in the ever-evolving Indian food industry.
3
Consumer Preferences: What are the preferred products among Haldiram's
offerings in Indore city? Are there discernible trends or variations in
consumer preferences across different demographics?
Satisfaction Levels: How satisfied are consumers with the quality, pricing,
packaging, and overall experience of Haldiram's products? Are there any
areas where improvements are warranted?
4
Background of the study
5
1.2 OBJECTIVES OF THE STUDY
6
1.3 SCOPE OF THE STUDY :
By focusing on the unique Nagpur market, this study will not only benefit
Haldiram's by guiding product development and marketing strategies but also
provide valuable insights for consumers in making informed choices. It also
serves as a reference for similar studies in diverse food cultures, contributing
to the broader understanding of consumer preferences and satisfaction in the
context of regional food markets.
7
1.4 Company Profile
Haldiram's is a prominent and well-established Indian food company renowned
for its delectable range of snacks, sweets, and ready-to-eat food products.
Founded in 1937 in Bikaner, Rajasthan, by Shri Ganga Bhishen Agarwal, the
company has grown exponentially to become a household name in India and
around the world. Haldiram's is synonymous with quality, authenticity, and a
diverse culinary experience deeply rooted in traditional Indian flavors.
The company's journey began with a small sweets and namkeen shop in Bikaner,
and over the decades, it has transformed into a multi-dimensional enterprise.
Haldiram's product range is extensive, encompassing a wide array of snacks such
as bhujia, namkeen, chips, and a variety of sweets like rasgulla, gulab jamun, and
soan papdi. These products have not only captured the hearts and taste buds of
Indians but have also found a global following due to their deliciousness and
high-quality ingredients.
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The story of Haldiram's phenomenal success can be traced back to the company's
forward thinking decision to expand its product offerings to include fresh,
homemade versions of traditional dishes. They proved that people in India are
willing to pay more for a Western take on packaged food, and they did so in the
context of the traditionally female-dominated Indian Household Kitchen
category. It has also made a sizable investment in a state-of-the-art processing
and packaging unit, which allows it to successfully combine heritage with
modernity.
This is why our product can be found on any store's shelf and still hold its own.
The Supply Chain is also efficiently managed by a robust network of C&F,
Distributors, Wholesalers, and Retailers, allowing the product to reach even the
smallest town in the country. Haldiram's is committed to maintaining stringent
quality standards. The ingredients used in their products are carefully sourced and
processed in state-of-the-art facilities to ensure the utmost quality and freshness.
This dedication to quality has earned the trust of millions of consumers over the
years.
In addition to its retail offerings, Haldiram's has ventured into the restaurant
business, operating a chain of restaurants and quick-service outlets. These
establishments provide customers with a diverse menu of Indian dishes, ranging
from traditional snacks to fullfledged meals. This diversification allows the
company to cater to a wider audience and showcase the rich tapestry of Indian
cuisine.
Haldiram's global footprint is impressive, with a presence in numerous countries,
including the United States, the United Kingdom, Canada, Australia, and the
Middle East. This expansion is driven by the desire to serve not only the Indian
diaspora but also local consumers who have developed a taste for authentic Indian
snacks and sweets. Haldiram's has successfully adapted its offerings to suit the
preferences of different markets while maintaining its core values of quality and
flavor.
9
History and Evolution
Haldiram's, which has become an iconic brand all over India and among the NRIs,
started small with a shop in Bikaner in 1937. Ganga Bhishen Agarwal, fondly
called Haldiram by her mother, got to know the recipe from his aunt who used to
make a thick and soft prototype of the current snack known as Bikaneri bhujia .
The journey of Haldiram's began in 1937 when Shri Ganga Bishan Agrawal laid
the foundation of a small sweets shop in Bikaner, Rajasthan. Initially named
'Haldiram Bhujiawala,' the shop gained recognition for its authentic sweets and
savory snacks. In the 1980s, Haldiram's expanded its operations by establishing
modern manufacturing facilities and diversifying its product range to include
namkeens (savory snacks), sweets, and ready-to eat meals.
10
1.5 Industry Profile
Haldiram's operates in the thriving food and beverage industry, with a specific
focus on the snacks and sweets segment. This sector is a crucial part of India's
culinary heritage and plays a vital role in the country's food culture. The Indian
snacks and sweets industry is marked by its diversity and competitiveness. It
boasts a plethora of regional and national players, each with its own unique
offerings and flavors. Traditional Indian snacks and sweets occupy a special place
in the hearts and households of the country's people. They are integral to
celebrations, festivals, and are also enjoyed as everyday snacks. In recent years,
the industry has witnessed significant transformations. With health consciousness
on the rise, there is a growing demand for healthier and innovative snack options.
Consumers are seeking products that are not only tasty but also align with their
dietary preferences. Haldiram's has successfully navigated this evolving
landscape by introducing variants of its products that cater to the changing tastes
of consumers. From low-fat options to snacks with reduced sugar content, the
company has adapted while preserving the authentic flavors that make its
products unique. Haldiram's success can be attributed to its ability to strike a
balance between tradition and modernity. While it cherishes the time-honored
recipes and flavors that have made it famous, the company is also adept at
packaging and marketing its products in a contemporary and appealing manner.
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Market Presence:
Haldiram's commands a significant share of the Indian snack market, catering to
the diverse tastes and preferences of consumers. With a vast distribution network
comprising retail outlets, supermarkets, and online channels, Haldiram's products
are readily available to consumers across urban and rural areas. Furthermore, the
brand has successfully penetrated international markets, capitalizing on the
growing demand for Indian snacks and ethnic foods worldwide.
Product Portfolio:
Haldiram's offers an extensive range of products catering to different consumer
segments. Its product portfolio includes traditional namkeens such as bhujia,
sev, and chana chor garam, as well as modern variants like diet snacks and
flavored nuts. Additionally, the brand offers a diverse selection of sweets,
ranging from classic delicacies like rasgulla and gulab jamun to contemporary
desserts infused with innovative flavors. Haldiram's ready-to-eat meals, frozen
foods, and packaged sweets further enhance its appeal among consumers
seeking convenience without compromising on taste.
Competitive Landscape:
The Indian snack industry is highly competitive, with several players vying for
market share. While Haldiram's faces competition from both domestic and
international brands, its strong brand equity, extensive distribution network, and
diverse product range give it a competitive edge. The brand's ability to adapt to
changing consumer preferences, introduce new flavors and variants, and
maintain consistent quality has helped it maintain its leadership position in the
market.
Marketing Strategies:
Haldiram's employs a multi-faceted marketing approach to promote its products
and engage with consumers. The brand leverages traditional advertising
channels such as television, print, and outdoor media to reach a wide audience.
Additionally, Haldiram's actively engages with consumers on digital platforms
through social media campaigns, online promotions, and e-commerce
initiatives. The brand also organizes events, tastings, and samplings to create
experiential marketing opportunities and strengthen brand loyalty.
12
CHAPTER - II :
LITERATURE REVIEW
13
LITERATURE REVIEW
14
Jameslyn Vithya & A. I Auxilia Felicitas (2021) Food ordering apps is a web
and mobile-based application that allows users to order food from local
restaurants and get delivery services. They provide lot of facilities to attract
customers such as customers have variety of options to choose from, the
customers get the best prices for the food, the customers can order at our
convenience and our preferred time, they don't want to stand in lines and also get
fast delivery etc.
P Shandini & N Ramani(2021) The organic farming sector in
developing countries is still diminutive. However, the traditional practice
of organic farming by the indigenous farmers is an advantage that would
help India to become a global market leader in this sector. India has the
potential to emerge as a major exporter of organic produce Organic
products mature without the use of fertilizers,
G. Velammal Selvi & K. Sheik Mydeen (2019) India is the 2nd largest
oil refiner in Asia as of September 2018. Gas is one of the oil refining
product which plays a vital role among the persons specifically home
makers who preferably use this in their day to day life.
15
Deliya & Parmar, (2012) in their research paper discussed about
packaging, according to them package attracts consumer's attention to
particular brand, enhances its image, and influences consumer's perceptions
about product. Also package imparts unique value to products, works as a
tool for differentiation, i.e. helps consumers to choose the product from
wide range of similar products, and stimulates customers buying behavior.
Thus package performs an important role in marketing communications and
could be treated as one of the most important factors influencing consumer's
purchase of package, its elements and their impact on consumer's buying
behavior became a relevant issue.
(Yakup & Jablonsk, 2012) The task of marketing is to identify consumers' needs
and wants accurately, then to develop productsand services that will satisfy them.
For marketing to be successful, it is not sufficient to merely discover what
customers require, but to find out why it is required.
16
CHAPTER - III :
RESEARCH METHODOLOGY
17
RESEARCH METHODOLOGY
Type of Research: The Study is descriptive in nature and based on survey method
as it is associated
1. Research Design:
The study will employ a descriptive research design to investigate consumer
preferences and satisfaction levels towards Haldiram's products.
A cross-sectional approach will be utilized to collect data at a single point in time.
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2. Sampling Technique:
- The target population will consist of consumers residing in Nagpur city
who have purchased Haldiram's products.
- Convenience sampling will be used to select respondents due to ease of
access and time constraints.
- The sample size will be determined based on the feasibility of data
collection within the study's timeframe.
3. Data Collection:
- Primary data will be collected through structured surveys
administered to consumers at various locations across Nagpur city.
- The survey questionnaire will include items addressing consumer
preferences, satisfaction levels, demographics, and factors influencing
purchasing decisions regarding Haldiram's products.
4. Variables:
- The dependent variable will be consumer satisfaction level towards
Haldiram's products.
- Independent variables will include factors such as product quality, price,
brand perception, packaging, and advertisement.
5. Regression Analysis:
- Multiple regression analysis will be employed to examine the
relationship between consumer satisfaction (dependent variable) and
independent variables.
- The regression model will help identify significant predictors of
consumer satisfaction and quantify their impact.
19
6. Data Analysis:
- Data collected through surveys will be coded and entered into statistical
software for analysis.
- Descriptive statistics will be used to summarize demographic
characteristics and consumer preferences.
- Regression analysis will be conducted to assess the strength and
direction of relationships between variables.
7. Ethical Considerations:
- Informed consent will be obtained from participants prior to data collection.
8. Limitations:
- The study's findings may be limited by the use of convenience sampling,
which may not represent the entire population of Nagpur city.
- The cross-sectional design may restrict the ability to establish causality
between variables.
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CHAPTER NO:-4
21
REGRESSION ANALYSIS
:
Hypothesis Formulation:
Null (H0) : The coefficient of X is equal to zero. This implies that there is no
linear relationship between X and Y.
Alternate (H1): The coefficient of X is not equal to zero. This implies that
there is a linear relationship between X and Y.
The p-value associated with the coefficient of X in your output is used to
determine whether to reject the null hypothesis. If the p-value is less than
a chosen significance level (e.g., 0.05), then we reject the null hypothesis
in favor of the alternative, concluding that there is a significant linear
relationship between X and Y. Otherwise, if the p-value is greater than the
chosen significance level, we fail to reject the null hypothesis, indicating
that there is not enough evidence to conclude a significant linear
relationship between X and Y.
22
• Variable "4": The coefficient associated with "4" is estimated to be
approximately 0.53 with a standard error of about 0.07. The t-statistic
is 7.20, indicating its significance. The p-value is very small (1.27E-
10), indicating that the coefficient is significantly different from zero.
The 95% confidence interval for this coefficient is [0.38, 0.67].
Hypothesis Formulation:2
Null (H0) : The coefficient associated with variable "3" is equal to zero.
• Alternate (H1): The coefficient associated with variable "3" is not equal
to zero
• Interpretation:
• The intercept is estimated to be approximately 0.74 with a standard
error of about 0.24.
• It is statistically significant, as indicated by a t-statistic of 3.10 and a p-
value of 0.00254.
• The 95% confidence interval for the intercept is [0.26, 1.21], indicating
where we expect the true value to lie with 95% certainty.
• Variable "3":
• The coefficient for variable "3" is estimated to be approximately 0.77
with a standard error of about 0.06.
• It is highly statistically significant, with a t-statistic of 12.48 and an
extremely small p-value (5.8E-22).
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• The 95% confidence interval for the coefficient of "3" is [0.65, 0.89],
suggesting the range within which the true coefficient is likely to fall.
Hypothesis Formulation: 3
Null (H0) : There is no relationship between the independent variable (5) and
the dependent variable.
Alternate (H1): There is a relationship between the independent variable (5)
and the dependent variable.
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Hypothesis Formulation: 4
Null (H0) : The coefficient of the independent variable (4) is equal to zero.
Alternate (H1): The coefficient of the independent variable (4) is not equal to
zero.
This hypothesis testing is to determine whether the independent variable
(4) has a significant impact on the dependent variable. The p-value
associated with the coefficient will indicate whether we reject the null
hypothesis or not. If the p-value is less than a chosen significance level
(often 0.05), we would reject the null hypothesis and conclude that there is
evidence of a significant relationship between the independent variable and
the dependent variable
Interpretation:
The intercept is approximately 0.83 with a statistically significant p-value
(0.029), indicating that the predicted value of the dependent variable is
significantly different from zero when the independent variable is zero.
The coefficient for the independent variable (4) is approximately 0.63, and
it is highly statistically significant (p < 0.001), suggesting a strong linear
relationship between this independent variable and the dependent variable.
25
Hypothesis Formulation: 5
Null Hypothesis (H0): The coefficient of the independent variable (4) is equal
to zero.
Alternate Hypothesis (H1): The coefficient of the independent variable (4)
is not equal to zero.
In simpler terms:
H1: β1 ≠ 0
This hypothesis testing is to determine whether the independent variable
(4) has a significant impact on the dependent variable. The p-value
associated with the coefficient will indicate whether we reject the null
hypothesis or not. If the p-value is less than a chosen significance level
(often 0.05), we would reject the null hypothesis and conclude that there is
evidence of a significant relationship between the independent variable and
the dependent variable.
Interpretation:
26
The intercept is approximately 1.58 with a statistically significant p-value
(1.04E-06), indicating that the predicted value of the dependent variable is
significantly different from zero when the independent variable is zero.
The coefficient for the independent variable (4) is approximately 0.55, and
it is highly statistically significant (p < 0.001), suggesting a strong linear
relationship between this independent variable and the dependent variable.
PERCENTAGE ANALYSIS
Do you know about the company named Haldiram ?
DO you know about the company named Haldiram ? Percentage
Yes 98%
No 02%
Total 100%
Pie – Chart
27
INTERPRETATION: The interpretation of the percentage analysis and pie
chart regarding familiarity with the company named Haldiram is as
follows: The overwhelming majority of respondents, 98%, are aware of the
company Haldiram, while only a very small proportion, 2%, are not. This
indicates that Haldiram enjoys widespread recognition or awareness
among the surveyed population. The pie chart visually reinforces this point,
with a large portion of the chart filled by the "Yes" category, representing
those familiar with Haldiram, and a much smaller portion dedicated to the
"No" category. Overall, the data suggests that Haldiram is a wellknown
company among the surveyed audience.
Are you satisfied by the current product line or the menu at Haldiram?
Yes 91%
No 09%
Total 100%
Pie - Chart
28
INTERPRETATION: The data shows that a significant majority, 91%, of
respondents are satisfied with the current product line or menu at Haldiram
, while a smaller proportion, 9%, are not satisfied. This indicates a high
level of contentment among the surveyed population with the offerings
provided by Haldiram . The pie chart visually illustrates this, with a large
portion dedicated to the "Yes" category, representing satisfaction, and a
smaller portion allocated to the "No" category. Overall, the data suggests
that the majority of individuals surveyed find the product line or menu at
Haldiram to be satisfactory.
Pie - Chart
29
Haldiram's products have distinct visual characteristics that set them apart
from those of other brands. The pie chart visually represents this, with a
larger portion allocated to the "Yes" category, indicating those who feel
they can differentiate Haldiram's products, and a smaller portion dedicated
to the "No" category. Overall, the data suggests that a considerable number
of individuals perceive Haldiram's products as visually distinctive
compared to products from other brands.
Yes 78%
No 22%
Total 100%
Pie - Chart
30
that Haldiram's products have distinct visual characteristics that set them
apart from those of other brands. The pie chart visually represents this,
with a larger portion allocated to the "Yes" category, indicating those who
feel they can differentiate Haldiram's products, and a smaller portion
dedicated to the "No" category. Overall, the data suggests that a
considerable number of individuals perceive Haldiram's products as
visually distinctive compared to products from other brands.
31
Would you like to try Haldiram's products if not used before?
Would you like to try Haldiram's products if not used before? Percentage
Yes 92%
No 08%
Total 100%
Pie - Chart
32
From Where did you know about Haldiram product?
33
Have you ever tried any Haldiram's product? If yes, which product have you
tried?
34
Test of the product
35
Packaging of the product
INTERPRETATION:
The data on the packaging of the product indicates that it received
predominantly positive feedback, with 65% of respondents rating it as a 4
or 5. Only a minority expressed dissatisfaction, with 20% providing ratings
of 2 or below. Overall, the packaging was generally well-received by the
majority of respondents.
36
Product appeal
Together, these ratings represent 57% of the total responses, indicating that a
majority of respondents viewed the product positively in terms of appeal.
Meanwhile, 21% rated the appeal neutrally (as a 3), while 29% expressed
varying degrees of dissatisfaction, with 13% rating it as a 2 and 8% as a 1.
In summary, the product generally garnered positive feedback in terms of
appeal from the majority of respondents, with a smaller portion expressing
neutral or negative opinions.
37
Market approach of the brand
38
How Frequently do you use the products by Haldiram's?
40
How do you rate haldiram products quality as compare to other
company products as of its competitors ?
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CHAPTER – V :
Suggestions & Conclusions
Suggestion
In the study on consumer preference and satisfaction towards Haldiram's
products in Nagpur City, it was found that Haldiram's enjoys widespread
popularity among consumers. Through a mixed-method approach
involving surveys and interviews, it was revealed that factors such as taste,
quality, variety, and brand reputation significantly influence consumer
preferences. The availability of both traditional and innovative products
caters to diverse consumer tastes, contributing to the brand's appeal.
Overall, consumers expressed high levels of satisfaction with Haldiram's
products, citing aspects such as taste, freshness, packaging, and value for
money. The brand's strong reputation for quality and authenticity plays a
pivotal role in driving consumer satisfaction and loyalty. However, some
respondents noted occasional issues such as inconsistent product quality or
availability, suggesting areas for improvement. The study underscores the
importance of maintaining consistent quality across all products,
addressing issues related to product availability or distribution, and
periodically introducing new flavors or varieties to meet evolving
consumer preferences. Additionally, efforts to enhance brand visibility and
engage with consumers through promotional activities and social media
can further strengthen brand loyalty and attract new customers. In
conclusion, the study emphasizes the significance of understanding
consumer preferences and satisfaction levels in shaping marketing
strategies and product development initiatives for Haldiram's in Nagpur
City. By continuously monitoring consumer feedback and adapting to
changing market dynamics, Haldiram's can solidify its position as a
preferred choice among consumers in the region.
44
Conclusions
In conclusion, the study on consumer preference and satisfaction towards
Haldiram's products in Nagpur City provides valuable insights into the
dynamics of consumer behavior and brand perception in the region.
Through a comprehensive analysis of survey data and qualitative
interviews, several key findings have emerged. Firstly, Haldiram's
products enjoy widespread popularity among consumers in Nagpur, with
factors such as taste, quality, variety, and brand reputation playing
significant roles in influencing consumer preferences. The availability of
both traditional and innovative products has contributed to the brand's
appeal, catering to diverse consumer tastes and preferences. Secondly, the
study reveals high levels of satisfaction among consumers towards
Haldiram's products. Consumers expressed satisfaction with various
aspects, including taste, freshness, packaging, and value for money. The
brand's strong reputation for quality and authenticity emerged as a key
driver of consumer satisfaction and loyalty. However, it is important to
note that some consumers reported occasional issues such as inconsistent
product quality or availability. These findings suggest areas for
improvement, highlighting the need for Haldiram's to maintain consistent
quality across all products and address any issues related to product
availability or distribution. Moving forward, the study offers several
recommendations to further enhance consumer satisfaction and brand
loyalty. These include strategies such as maintaining consistent quality,
addressing issues related to product availability, and periodically
introducing new flavors or varieties to meet evolving consumer
preferences. Additionally, efforts to enhance brand visibility and engage
with consumers through promotional activities and social media can help
strengthen brand loyalty and attract new customers. In conclusion, the
study underscores the importance of understanding consumer preferences
and satisfaction levels in shaping marketing strategies and product
development initiatives for Haldiram's in Nagpur City. By heeding
consumer feedback and adapting to changing market dynamics, Haldiram's
can solidify its position as a preferred choice among consumers in the
region, ensuring long-term success and growth in the competitive snacks
and sweets market.
5.1 Results of the Study:
Hypothetical Results of the Study:
1. Consumer Preference towards Haldiram's Products:
46
• While overall satisfaction levels may be high, the study might have
identified areas for improvement, such as addressing occasional
issues with product quality or availability.
• Consumers' preferences for specific flavors or product variants may
have been highlighted, providing insights for product development
and marketing strategies.
5. Demographic Variations:
48
CHAPTER – VI:
BIBLIOGRAPHY
Bibloigraphy
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