Atul Ltd 26 Annual Report 2023-24 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 about 41 products. para-Cresol, para Anisic aldehyde and para Cresidine are some of the key products. During 2023-24, sales decreased by 4% from ` 766 cr to ` 736 cr. Sales in India decreased by 9% from ` 318 cr to ` 290 cr. Sales outside India marginally decreased from ` 448 cr to ` 446 cr and formed 61% of the total sales. The decrease in sales on account of volume was 13%. The Company completed one project during the year. The world market for para-Cresol (a key product ) is estimated at 70,000 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 the world Fragrance industry is estimated at US$ 13.7 bn and is growing at about 3.5%-4%. The size of the world Personal Care industry is estimated at US$ 253.3 bn, of which the personal care ingredients segment is US$ 30 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) broadening its market reach, ii) increasing its manufacturing efficiencies, debottlenecking and adding capacities, iii) introducing new products and iv) evaluating inorganic growth opportunities. 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 3,044 2023-24 3,287 2022-23 (7%) change Sales (` cr) 71% 2023-24 66% 2022-23 5% change Share in total sales (%)
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