Atul Ltd 2019-20

Corporate Overview Statutory Reports Financial Statements 01-21 22-91 92-228 52 Atul Ltd | Annual Report 2019-20 The products falling under these product groups are mainly used for internal consumption, while the products in the Intermediate product groupsareusedbycustomersbelonging BULK CHEMICALS AND INTERMEDIATES Product groups: Bulk chemicals, Adhesion promoters, Others to Cosmetic, Dyestuff, Pharmaceutical andTyre industries. The product groups compriseabout23products.Resorcinol, Resorcinol formaldehyde resin and 1,3–Cyclohexanedione are some of the key products. During 2019-20, sales (external) increased by 15% from ` 249 cr to ` 286 cr. Sales in India increased by 2% from ` 150 cr to ` 153 cr. Sales outside India increased by 34% from ` 99 cr to ` 133 cr and formed 47% of the total. AROMATICS – II 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 31 products. para Cresol, para Anisic aldehyde and para Cresidine are some of the key products. During 2019-20, sales decreased by 2% from ` 711 cr to ` 694 cr. Sales in India increased by 1% from ` 225 cr to ` 228 cr. Sales outside India decreased by 4% from ` 486 cr to ` 466 cr and formed 67% of the total. Growth on account of volume was 4%. The Company completed one project and undertook two projects for implementation. The world market for para Cresol (a key product ) is estimated at 66,300 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 major suppliers of the product. The size of the world Fragrance industry is estimated at US$ 13.5 bn and is growing at about 4%. The size of the world Personal Care industry is estimated at US$ 431 bn of which personal care ingredients segment is US$ 25 bn and is growing at about 4%. The main user industries, namely, Fragrance andPersonal Care, are growing well due to an improved standard of living. The Company will participate in this growth by i) broadening its market reach, ii) increasing its manufacturing efficiencies, iii) debottlenecking and adding capacities and iv) introducing new products. The prices of some products may come down in a short-term. Fluctuations in foreign exchange may impact sales realisations. Performance and Other Chemicals segment consists of four sub-segments, namely, Aromatics - II, Bulk Chemicals and Intermediates, Colors and Polymers. Performance and Other Chemicals segment 2,650 2019-20 2,556 2018-19 4 % change Sales ( ` cr) 69 2019-20 66 2018-19 3 % change Share in total sales (%)