Bacardi, one of world's largest spirits company, is planning to launch newer extensions and packaging formats for its ready to drink (RTD) brand Breezer. |
The company plans to launch two extensions every year under Bacardi-Breezer. |
The extensions will be fruit-based, vodka-based and wine-based offerings. Bacardi launched its RTD offerings under the Breezer brand in 2002, priced between Rs 38 and Rs 50 for 275 ml bottles. Bacardi-Breezer, since then, is growing at 20 per cent per annum. |
Mahesh Madhavan, president and CEO of Bacardi, said, "At present we have six flavours under Bacardi-Breezer offerings. We plan to phase out a few low-selling ones and introduce new flavours." |
One of the less-selling varieties of Bacardi-Breezer is the 'Blue Berry' flavour, which the company plans to phase out soon. The company also plans to launch newer packaging formats for its RTD range. |
At present, all six variants of Bacardi-Breezer are available in bottles. The company is planning to introduce the same and new Breezer flavours in the 'can' format. |
According to Madhavan, Bacardi launched the RTD format in order to tap the young consumers on the move. |
"When we first introduced Breezer, we decided on the 275ml bottles since it is for people on the move. Introducing the same flavours in can format is a way to extend more convenience to consumers as cans are easier to store and carry and does not break like bottles," Madhavan added. |
According to market estimates, Bacardi is the only brand in India as of now that has introduced the ready-to-drink format under alcobev portfolio. Bacardi-Breezer manufactures close to 4,00,000 cases per annum at its plant in Goa. |
According to Madhavan, Bacardi's RTD format, at present, contributes close to 30 per cent to the company overall turnover. |
Although Bacardi sells its RTD format in over 50 countries, only India, China and Australia has registered the highest demand for the ready-to-drink offerings. |