Reliance enters pet food market with aggressive pricing strategy
after close1 source ↓written by the desknot a recommendation
- than competitors like
- 20-50% cheaper
Reliance Consumer Products is entering the pet food market, pricing its brand Waggies 20-50% cheaper than competitors like Nestle and Mars. This strategy mirrors its previous cola market entry, aiming to disrupt the sector amid rising pet ownership. The products will target tier-2 hubs and general trade outlets.
This aggressive pricing may trigger a price war in the pet food industry, impacting existing players and potentially reshaping market dynamics.
Not investment advice. For informational purposes only.