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| Annual Report 2008-09
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Specialty & Other Chemicals segment
Aromatics
Products
p-Cresol p-Anisic aldehyde p-Anisic alcohol Others
Although volumes of key products were
down, sales increased. The sales growth
was primarily on account of better price
realisations, which offset a steep rise in
raw material costs
The products made by the Division are
used mainly by Flavour & Fragrance,
Personal Care and Pharmaceutical
Industries. Dominated mainly by multi-
national companies (MNCs), these
industries are doing well having a good
growth potential. The main competitors
are based in China and India.
The Division is backward-integrated and
is a global leadership in key products. Its
key products are commodities in nature
and therefore susceptible to volatility in
margins. The Division is therefore
exploring growth possibilities by
introducing value-added products used
in the above industries by leveraging
synergy and strengths. Since exports
constitute a significant portion of sales,
it is exposed to variations in exchange
rates.
2007-08
2008-09
% change over 2007-08
Operating revenues (Rs crores)
217
302
39
Contribution to total operating revenues (%)
21
26
5