McNore Consumer Products, owner of leading personal care brand Wild Stone, has charted out a multi-progned strategy to buck slowdown in Rs 2,500 crore deodorant market.
"There is volume de-growth of about 5-6 per cent since last 5 to 6 quarters against a growth of as high as 40 per cent in the past," But, in terms of value there is some growth," McNore director N K Daga told PTI.
"We have formulated multiprogned strategy to buck the trend and move the value chain by diversifying the personal product range, tapping modern retail, online sales and foraying into newer markets including overseas," he said.
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"Wild Stone is a male grooming brand aims to reach a turnover of Rs 500 crore by 2017-18 from a current revenue of Rs 200 crore the brand generates out of company's topline of Rs 300 crore," Daga said.
The company already introduced soaps, talc and saving cream under Wild Stone.
Secret Temtation and Heaven's Garden are two other brands targeted toward women and family.
McNore said it will attempt to expand its footprint in the semi-urban and rural market.
"We are currently, preparing a seperate strategy for the the rural market. We are exploring various options which we will finalise soon," Daga said.