Atul Ltd 2020-21

44 Atul Ltd | Annual Report 2020-21 The product groups comprise 587 products. The products are used by customers belonging to the Textile, Paint and Coatings and Paper industries. Vat Green 1, Sulphur Black 1 and Pigment Red 168 are some of the key products. During 2020-21, sales decreased by 6% (of which volume decrease was 7%) from ` 626 cr to ` 591 cr. Sales in India decreased by 5% from ` 332 cr to ` 315 cr. Sales outside India decreased by 6% from ` 294 cr to ` 276 cr and formed 47% of the total sales. The reduced demand in the denim and COLORS Product groups: Dyestuffs, Pigments, Dye-intermediates, Textile chemicals, Others The products falling under the bulk chemicals product groups are mainly used for internal consumption, while the products in the intermediate product groups are used by customers belonging to the Cosmetic, Dyestuff, Pharmaceutical and Tyre industries. The product groups comprise 23 products. Resorcinol, Resorcinol–formaldehyde resin and 1, 3–Cyclohexanedione are some of the key products. During 2020-21, sales remained at ` 286 cr, despite the lockdown and disruption in production in the initial two months. Sales in India increased by 3% from ` 153 cr to ` 157 cr. Sales outside India decreased by 3% from ` 133 cr to ` 129 cr and formed 45% of the total. The Company undertook two projects for implementation. The world market for Resorcinol (a key product) is estimated at US$ 564 mn and is growing at about 2.5%. The size of the world Tyre industry is estimated BULK CHEMICALS AND INTERMEDIATES Product groups: Bulk chemicals, Adhesion promoters, Others at US$ 237 bn and is growing at about 3.7%. The Tyre industry is projected to grow supported by resurgence in the Asia Pacific market region. The size of the world Chlor-alkali industry is estimated at US$ 46 bn and is growing at about 3.2%. The captive consumption of bulk chemicals is expected to grow as the Company expands manufacturing capacities of various products. The Company will participate in this growth by - i) increasingmanufacturing efficiencies, ii) debottlenecking and adding capacities, iii) introducing downstream products and iv) widening market reach. Thedemandandpriceof bulk chemicals are cyclical in nature. Fluctuations in foreign exchange may impact sales realisations.