 "Digital platforms are now a crucial pillar for FMCG cos to advertise: Meta")
Digital platforms are a crucial pillar in driving brand imagery, equity, and higher return on investment across categories in the fast-moving consumer goods space, according to a report by Nielsen and Kantar.
Commissioned by Meta and Nielsen’s, the report showed that RoI (Return on Investment) which is the incremental revenue generated per Rupee invested is 1.42 for digital mediums vis-a-vis 0.95 non-digital mediums.
Within this, the RoI from Meta is 1.76 for every rupee invested, the social media giant said in its release.
“Meta has been instrumental in driving brand imagery, where around 20 per cent of all media-led brand growth comes from Meta,” Kantar said in its release.
At FMCG edition of Meta Marketing summit, organised by the social media giant on Tuesday, Arun Srinivas, director and head (India), Ads Business, Meta said, “The FMCG industry is a leading contributor to the country’s overall ad-ex, and a marked shift in its media consumption patterns is going to be significant for the country’s creative ecosystem and the digital economy. The studies with Neilsen and Kantar clearly demonstrate the transformative power of digital channels for the FMCG sector.”
Srinivas added, “Catering to such an important industry, we are excited to see Meta platforms not only enhancing brand imagery and mindshare but also delivering exceptional returns on media investments.”
According to a case study by Meta it measured the impact of various media platforms in delivering short and long term sales through a Market Mix Modelling study by Nielsen for KitKat and Munch.
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Meta said, “The study showed that digital RoI is 1.7 times of TV, and specifically Met’s RoI is 2 times ROI that of TV. In one of India’s first long-term MMM studies, they also found that Meta generates 1.5 times long-term sales ROI vs. that of total media.”