• About
  • Contact
Thursday, June 30, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

HDFC Bank Is Top Brand Of India In 2022 For 7th Year In A Row: BrandZ

Pritish raj by Pritish raj
September 19, 2020
in News
Reading Time: 2 mins read
A A
0
HDFC Bank

HDFC Bank

  • For the seventh consecutive year in a row, HDFC Bank was ranked as India’s top brand in the 2020 BrandZ Top 75 Most Valuable Indian Brands list, released by WPP and Kantar on Friday.

For the seventh consecutive year in a row, HDFC Bank was ranked as India’s top brand in the 2020 BrandZ Top 75 Most Valuable Indian Brands list, released by WPP and Kantar on Friday.

Among the other brands included in the top 10 most valuable brand rankings were LIC, Tata Consultancy Services, Airtel, Asian Paints, Kotak Mahindra Bank, Jio, Flipkart, Paytm, and State Bank of India.

The daunting economic and social conditions created in the Indian economy by the global pandemic and a pre-COVID-19 slowdown adversely affected the brand value of Indian companies. “The brand value ranking this year was worth $216 billion, a 6 percent decrease over last year, driven primarily by a downturn in the banking and automotive industry. Despite this, 26 brands increased in value, and five were new entrants. The top brands of India have performed well against other countries where brand value declines were far higher,” the rankings report reported.

The fastest-growing segments were grocery, telecommunication, and personal care products. While retail brands grew by 33 percent, personal care grew by 32 percent, and the telecoms segment grew by 25 percent in terms of brand value growth.

At a time when the retail sector was displaying resilience to meet the changing needs of customers amid the pandemic, Reliance Retail was experiencing a 102% rise in brand value jumping up to 30 positions in the brand rankings to number 25. “During the Covid-19 lockdown, the core food offerings of the brand, as well as its integration with other partners of the Reliance Group, became agile assets for its parent company,” the ranking study said.

Preeti Reddy, CEO-South Asia, Insights Division, Kantar, said: “The success of retail, telecom and FMCG brands has shown that being agile in times of crisis is critical to growth. Brands need to continuously evolve to survive and re-use themselves for the future, or risk being left behind.”

Also this year, brands like Flipkart, D-Mart, and Nestle’s Maggi experienced a huge increase in their brand values. Dove, Indraprastha Gas, Close Up, and Crompton, meanwhile, were among the brands that were featured in the rankings for the first time this year.

Reddy pointed out that brand salience and consumer differentiation have been among the main factors for brands to overcome the present challenges with dwindling wallets due to the pandemic induced economic downturn. “The crisis has been weathered better by trusted brands. There has also been an increase in support for local Indian brands as the feeling of supporting homegrown companies has formed among Indian consumers,” she added.

Previous Post

Faboom Signs India’s Biggest Digital Celebrity Bhuvan Bam As Brand Ambassador

Next Post

Reliance Jio Leads Internet Market Base With 52% Market Share: TRAI

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
png 20220628 164551 0000
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Next Post
Reliance Jio Platforms ADIA Digital Users UPI- Next Big Brand

Reliance Jio Leads Internet Market Base With 52% Market Share: TRAI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • World’s First NFT Museum Launched By Metawhale World
  • Byju’s-owned WhiteHat Jr Lays Off 300 Employees
  • Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

Latest News

Metawhale Team

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.