Kohli retires from Tests: How his brand value is set to soar

Synopsis
Despite retiring from Test cricket, Virat Kohli's brand value is expected to rise, with endorsement fees increasing upon contract renewals. He plans to focus on fewer, larger partnerships, leveraging his widespread appeal across generations and demographics. Brands are eager to continue their association with Kohli, recognizing his strong social media presence and performance-driven connection with consumers, ensuring his enduring marketability.
"Kohli's goodwill will outlive his playing days," said Sandeep Goyal, managing director of ad agency Rediffusion, which has been associated with the cricketer for multiple campaigns. "There are such few heroes as him... He appeals to Gen Z because of his aggression, with consumers across age and demographics because of his track record on the field, and with women consumers because he involves his family upfront in all achievements."
Audi, Myntra, Manvayar, MRF Tyres, Vivo, Hero MotoCorp, HSBC, Herbalife, Vivo and O'cean Beverages are among 40 big brands the former Indian captain has endorsed.
Kohli, 36, is known to charge anywhere between ₹5 crore and ₹10 crore for big endorsements per year, and have depended on the longevity and personal equations with these brands, according to two people representing sports management companies.
"We will, of course, continue our association with Virat...retirement or not," a senior executive of a large digital-only brand told ET. "We are renewing his contract (at the revised fee). He has a massive social and performance-driven connect with people who we see as potential consumers... That very few have."
Kohli's own ventures include sportswear brand One8, restaurant chain One8 Commune, and athleisure brand Wrogn.
He has also invested in homegrown sportswear startup Agilitas founded by former Puma India MD Abhishek Ganguly. Kohli recently ended his over-eight-year partnership with Puma to associate with Agilitas.
(You can now subscribe to our Economic Times WhatsApp channel)