Atul Ltd 2014-15

51 Colors Product Groups: Textile dyes, Textile chemicals, Pigments, Paper dyes, Inks, Others The products falling under these product groups are used by customers belonging to Textile, Paint and Coatings and Paper industries. The product groups comprise about 38 products. Green 1, P Red 168 and Sulphur Black are some of the key products. During 2014-15, sales increased by 21% from ` 426 cr to ` 515 cr. Sales in India increased by 8% from ` 231 cr to ` 250 cr. Sales outside India increased by 36% from ` 195 cr to ` 265 cr and formed 51% of the total. Growth on account of volume was 8%. The Company completed 3 projects and undertook 2 projects for implementation. Rudolf Atul Chemicals Ltd (RACL), a joint venture company formed in 2011-12, provides a complete range of textile chemicals in Indian market; it increased sales by 39% from ` 31 cr to ` 43 cr, primarily because of volume. The size of world Dyestuff industry is estimated at US$ 6 b and is growing at about 3.5%. China is the largest manufacturer of dyes followed by India. World market for high performance pigments is estimated at US$ 4.3 b and is growing at about 2.7%. The main user industries, namely, Paint and Coatings and Textile, will continue to grow because of increase in discretionary spending. The Company along with RACL will participate in this growth by i) broadening its market reach in new geographies, ii) increasing its manufacturing and working capital efficiencies and iii) introducing new dyes, pigments and products for non-textile applications. Fluctuations in foreign exchange and availability of raw materials may impact sales realisations. Treatment costs are expected to remain high given that the manufacture of dyes and pigments generates significant pollutants.