JSW Paints : Har Rang, Har Kisi Ka

 Brand: JSW Paints

Company: JSW Group

Brand Analysis Count: # 609

JSW group belonging to the Sajjan Jindal family which is known for JSW Steel and JSW Cements has forayed into the highly competitive but lucrative Rs 50,000 Crore paint industry. In 2019, the company soft-launched its paints branded as JSW paints in the South and later expanded to a larger national footprint. 

Indian paint industry dominated by Asian Paints is lucrative with its sheer size at the same time is extremely competitive and a difficult market to crack. While the organized market is dominated by Asian Paints, Berger, Nerolac, there is a large unorganized market too dominated by the price competition and middlemen ( influencers/decision-makers) like painters and contractors. 

Asian Paints is credited with building a brand in this category and breaking the stronghold of painters and contractors in the consumer decision-making process and making the brand choice a consumer prerogative. 

When a conglomerate like the JSW group enters the market, everyone will look up to the launch and a possible threat to the long-standing market-leader Asian Paints. The market is large enough to accommodate such a large player at the same time, the existing players are known for defending their market shares.

JSW Paints was launched into the market with a positioning based on colour and price. The key differentiator for JSW paints is the 1808 colour options it provides to the consumer. The choice of the differentiator based on the colours is intriguing since that positioning platform is already owned by Asian Paints. When a challenger brand takes the same positioning as the market leader, there is a risk of consumers failing to associate the colour based positioning with the new entrant. There is a classic example of Nerolac ad featuring Amitabh Bachchan which was focused on colour and later when consumers were asked to recall the brand which Bachchan endorsed, they recalled Asian Paints. 

JSW Paints has roped in two celebrities to endorse the brand - Alia Bhatt and Ayushmann Khuranna. The launch ad is well made but the issue of a very close similarity with Asian Paint's positioning lingers. 

The brand has also put a number 1808 colour options to give credibility to the range of colours value propositions and this can easily be countered by its competitor and technically it is not a sustainable differentiation.  JSW Paints has four brands under its paint portfolio Halo, Aurus, Pixa and Halo Aquaglo. Each brand offers different attributes like Halo is focused on its anti-bacterial property. 

Another differentiator for the brand is the One Colour, One Price guarantee by the brand. Usually, brands charge differential pricing for the various colours and in my opinion, JSW paints have identified a good value proposition in this. In a sense, the large number of colour options together with the one price for all colours make a sensible value proposition for this new brand. If promoted this combined value proposition, JSW paints will force the other players to offer one price for all colours in future. 

The tagline for the brand is Har Rang, Har Kisi ka which translates to Colours for All. The brand is targeting the young couple ( 25-50 years) and the choice of the brand ambassadors reflects the intent. 

 I am not sure whether the launch campaign was able to give a proper push to the combined value proposition. Subsequently, more rational campaigns highlighting the combined value propositions will cement a significant position for this brand in the market. If the market accepts this one price formula, it will not be difficult for the competitors to catch up and for JSW Paints, a new hunt for new differentiator will begin.