After reading the article, we are sure all of you will agree India is the cheapest place to have safe sex. Read on..
Indian premium condom market is
on the edge of collapse credits to a drug pricing order that has set a blanket
limit of Rs 6.50 per condom. The manfacturers are not taking this lightly.
Almost all the companies that sell premium condoms - TTK Healthcare (Skorecondoms), JK Ansell (KamaSutra condoms), Reckitt Benckiser (Durex condoms,
Kohinoor condoms) and Mankind (Manforce condoms) - have challenged the condom
pricing order of the National Pharma Pricing Authority (NPPA).
The impact of this regulation
will put tremendous pressure on the industry as the consumer pricing in India
is already one-fifth of the global pricing.
A packet of 12 premium condoms costs
about $7-9 in the US, $6-8 in Australia and $5-7 in Dubai. In India, premium
condoms are priced between Rs 16 and Rs 20 per piece. The priciest, DurexRealFeel, costs about Rs 50 a piece. Even HLL Lifecare Ltd, the largest
public sector condom maker and owner of brands such as Moods condoms and Nirodh
condoms, has appealed to the government to reconsider its decision, underlining
the need to separate the basic utility condom segment from the value added
luxury brands.
It is all right to cap the
price of basic segment condoms, but the variants in the premium segment are all
about innovation. This development would adversely affect the condom industry,
killing product innovation.
Indians use up to 2.4 billion
condoms annually. But the size of the commercial market is only around Rs 650-700
crore. Manforce Condoms is the market leader with a 28% share, followed by
KamaSutra Condoms, which commands about 18%. Next in the pecking order are
Kohinoor condoms and Moods condoms, with 13% and 12% market share,
respectively.
Those who like luxury may be forced to switch
to economy class. No-frills future await for condom industry. No ribs, no dots,
no flavours and definitely no scents, but surely maybe smoked rubber. The
Indian market will only offer the rubber with no special features, even to
those who are willing to pay for that. What's the future? A black market for
smuggled condoms!
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