Atul Ltd 2016-17

47 Pharmaceuticals and Aromatics - I Product groups: API intermediates, Active Pharmaceutical Ingredients, Others The products falling under these product groups are used by customers belonging to Pharmaceutical industry for various therapeutic categories, such as anti-depressant, anti-diabetic, anti-infective, anti-retroviral and cardiovascular. The product groups comprise about 72 products. Carbonates, chloroformates, isocyanates and organic ureas are some of the key classes of products. During 2016-17, sales increased by 10% from ` 311 cr to ` 342 cr. Sales in India increased by 9% from ` 163 cr to ` 178 cr. Sales outside India increased by 11% from ` 148 cr to ` 164 cr and formed 48% of the total. Growth on account of volume was 9%. The Company completed 1 project and undertook 1 project for implementation. Atul Bioscience Ltd (ABL), a 100% subsidiary company, focussed on production of advanced API intermediates, increased its sales by 4% from ` 55 cr to ` 57 cr, primarily because of volume; it undertook 1 project for implementation. The size of the world Pharmaceutical industry is estimated at US$ 1.75 tn, of which the conventional pharmaceutical segment is US$ 1.2 tn and is growing at about 8%. Of this, the size of the world API industry is estimated at US$ 150 bn and is growing at about 7%. There are about 20 major companies which dominate the world marketplace. The main user industry, namely, Pharmaceutical, is growing well because of increasing awareness about diseases and health. The Company along with ABL will participate in this growth by i) widening its market reach, ii) increasing its manufacturing efficiencies, iii) generating and adding capacities, iv) introducing new products and v) forming long-term strategic alliances with other companies. The prices of some products may come down in a short time. Fluctuations in foreign exchange may impact sales realisations. Performance and Other Chemicals Segment Particulars 2016-17 2015-16 % change Sales ( ` cr) 1,832 1,666 10% Share in total sales (%) 69% 69% — Performance and Other Chemicals Segment consists of 4 Sub-segments, namely, Aromatics - II, Bulk Chemicals and Intermediates, Colors and Polymers.