Meridian Foods: Will the Loyalty Programme Pay for Itself?

Marketing
medium35 min0 submissions
Razorpay
Scenario

Meridian Foods operates in packaged foods across India with about 268,126 active customers, who buy 7.6 times a year at an average basket of ₹3340. Gross margin is 48%.

Marketing proposes a points programme returning 5.2% of spend as future credit. The business case assumes a 8.4% lift in purchase frequency among members.

Analysis of the base shows 53% of customers already buy above the category average and would very likely enrol on day one.

Supporting data

base

average basket
3340
active customers
268126
gross margin pct
48
purchases per year
7.6

proposal

reward rate pct
5.2
assumed frequency uplift pct
8.4

base composition

already above average frequency pct
53
Your task

Advise the CMO. Your answer should provide:

  1. Analysis — programme cost, incremental margin, and the net position. Show your working.
  2. Risks — including who you are paying and what for.
  3. Recommendation — launch, redesign or decline, with the break-even uplift.

State any assumptions you make.

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How you'll be graded

80 points, 60% to pass.

  • recommendation20
  • market analysis20
  • risk assessment15
  • financial analysis25
Hint
Reveal suggested structure

Reward cost applies to all spend; incremental margin applies only to changed behaviour. Break-even uplift = reward rate / gross margin.