OCADO GROUP PLC (LON:OCDO)

Description

UK-based Ocado Group PLC is a public limited company, which is into retailing, monetisation, and development of Intellectual Property (IP).  It provides home delivery of products of major retail products, such as household products, food and drinks, toiletries, baby products, holiday products, pet food and care products. It comes under Consumers Staples sector, Retail & wholesale-staples Industry and Retail-consumer Staples sub-industry. Some of the prominent brands under the company are: Ocado Smart Platform, Fetch and Fabled, Sizzle. 

The company provides various offers to its customers and additional benefits are given to customers with smart pass. Customers need to purchase smart passes, which is for 8.99p per month, 49.99p for six months, and 89.99p for a year. The holders of the smart pass can avail services, like 10%  off on branded products, free delivery, gifts, product samples etc. The company provides free and amazing recipes on their shopping which include one pot, pasta, vegan recipes, less than 30 minutes recipes, adult lunchbox recipes, BBQ recipes, bread recipes.  They also have an interesting combo called Meal Deals, which has deals like kid’s meal, M&S Midweek Dinner, Gourmet Dinner for 2, Summer Eating etc. These meal deals are available in a cheaper rate as compared to individual products. This helps to attract its customers with a minimum pocket pinch.

The company has a smart platform where they deal with all the technological and software related operations all its operations are end-to-end encrypted. Recently, the earnings of Ocado jumped due to higher demand during the pandemic, when they received a huge number of orders.