Atul Ltd 2015-16

51 Aromatics Product groups: Intermediates, Perfumery, Others The products falling under these product groups are mainly used by customers belonging to Fragrance and Personal Care industries. The product groups comprise about 27 products. p -Cresol, p -Anisic Aldehyde, Sodium Sulphate and Sodium Sulphite are some of the key products. During 2015-16, sales decreased by 10% from ` 522 cr to ` 469 cr. Sales in India decreased by 1% from ` 140 cr to ` 139 cr. Sales outside India decreased by 14% from ` 382 cr to ` 330 cr and formed 70% of the total. Growth on account of volume was 3%. The Company completed 1 project and undertook 1 project for implementation. World market of p -Cresol (a key product) is estimated at 63,000 mt and is growing at about 2%. Though earlier the product used to be manufactured in the UK and the USA, China and India are now the major suppliers of the product. The size of world Fragrance industry is estimated at US$ 11 bn and is growing at about 4% and the size of world Personal Care industry is estimated at US$ 400 bn of which personal care ingredient segment is US$ 20 bn and is growing at about 4%. The main user industries, namely, Fragrance and Personal Care, are growing well because of improving standard of living. The Company will participate in this growth by i) broadening its market reach, ii) increasing its manufacturing efficiencies, iii) generating and adding capacities and iv) introducing new products. The prices of key raw materials which are derived from crude oil fluctuate almost monthly whereas the customers in the user industries expect the prices of the finished products to remain firm for a quarter or even more; on such occasions, it is possible to get affected adversely. Fluctuations in foreign exchange may impact sales realisations. Bulk Chemicals and Intermediates Product groups: Bulk chemicals, Adhesion promoters, Others The products falling under these product groups are used mainly for internal consumption and by customers belonging to Cosmetic, Dyestuff and Tyre industries. The product groups comprise about 26 products. Resorcinol, Resorcinol Formaldehyde Resins, Sulphur Trioxide and Chlorosulphonic Acid are some of the key products.