Atul Ltd 2020-21

43 Corporate Overview 01 - 21 Statutory Report 22 - 87 Financial Statements 88 - 229 AROMATICS – II Product groups: Intermediates, Perfumery, Others The products falling under these product groups are mainly used by customers belonging to the Fragrance and Personal Care industries. The product groups comprise 31 products. para -Cresol, para -Anisicaldehyde and para -Cresidine are some of the key products. During 2020-21, sales decreased by 19% from ` 694 cr to ` 562 cr. Sales in India decreased by 7% from ` 228 cr to ` 211 cr. Sales outside India decreased by 25% from ` 466 cr to ` 351 cr and formed 62% of the total. Degrowth on account of volume was 10%. The Company completed one project during the year. The world market for para -Cresol (a key product ) is estimated at 67,600 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$ 14 bn and is growing at about 5%. The size of the world Personal Care industry is estimated at US$ 445 bn, of which personal care ingredients segment is US$ 26 bn and is growing at about 5%. The main user industries, namely, Fragrance and Personal Care are growing well due to an improved standard of living. The Company will participate in this growth by - i) increasingmanufacturing efficiencies, ii) debottlenecking and adding capacities, iii) broadening market reach and iv) introducing new products. The price of some products may come down in the 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 2,336 2020-21 2,650 2019-20 (12) % change Sales ( ` cr) 68 2020-21 69 2019-20 (1) % change Share in total sales (%)