Scope of the role :
- She/ he will be responsible for the growth of the innovations portfolio for the fragrances business by driving new product launches and innovation strategies for growth on pillar products.
- She/he will drive the innovation strategy of the business, which will include building and nurturing a portfolio of brand(s)/sub-brands and products in line with business goals - based on a deep understanding of market, consumers and competition
- To work with the business to arrive at sharply defined marketing objectives and annual plans in order to deliver required business growth and GC.
- To execute marketing and product plans in line with budgets and timelines
Job Profile :
To own and run the innovation piece for the fragrances portfolio
- Identifying new opportunities for the fragrance business
- Managing the innovation funnel from idea stage to launch stage
- Managing a cross-functional team towards launch of new products
Devising and driving a strong innovation strategy for the company, which includes :
- Developing an innovation pipeline in line with market/ consumer requirements and to grow the portfolio in line with stated business objectives
- Drive launch of new products as per calendar by overseeing product development, supply chain and marketing inputs
- Pricing of new and existing products to deliver budgeted margins.
- Regular analysis of product performance to arrive at necessary action plan.
- To develop and manage an exciting brand portfolio of fragrances division in line with market potential,growth objectives and consumer understanding.
- To help define growth path for the business and input into the business plans for future growth.
- To develop annual marketing plans for the business in line with stated business objectives.
- To formulate and execute the launch and marketing plans in line with timelines and budgets-and achieve the targeted marketing objectives.
This includes :
- Mass media, local level advertising, BTL & PR, Digital media, Channel specific promotions, etc.
- Driving POS/ VM plan for the business
- Retail marketing activities through tie-ups & BTLs.
- To manage the overall marketing budget of the innovations portfolio.
- To monitor and manage key impact metrics including GC and MC on the innovations
Key Deliverables :
- Developing the innovation strategy for the fragrance portfolio
- Development, launch and success of new products in line with objectives and product strategy.
- Developing launch plans for the new product offerings
- Developing annual marketing plans for the innovations portfolio - in line with business objectives.
- Reporting and analysis of market movements and impact of initiatives on key metrics
- Enhanced and ongoing Consumer understanding
The right person :
- MBA with 3-5 years work experience in any FMCG/lifestyle brand. Atleast 3 years marketing experience preferred.
- High Strategic Ability to derive marketing objectives, market scoping, product strategies and plans
- Strong project management skills - to manage and oversee product development projects
- High Energy Individual
- Team Player
- Good analytical & communication skills
- Good understanding of brands and communication development
- Strong numerical ability- to manage costing, product profitability etc
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