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Performance and Other Chemicals Segment consists mainly products of Aromatics, Bulk Chemicals and
Intermediates, Colors and Polymers Businesses:
2014-15
2013-14
% Change
Sales (
`
cr)
1,834
1,569
17
Share in total sales (%)
73
68
5
Segment: Performance and Other Chemicals
Aromatics
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 29 products.
p
-Cresol,
p
-Anisic
Aldehyde and Sodium Sulphate are some of the key products.
During 2014-15, sales increased by 27% from
`
410 cr to
`
522 cr.
Sales in India increased by 37% from
`
102 cr to
`
140 cr. Sales outside
India increased by 24% from
`
308 cr to
`
382 cr and formed 73%
of the total. Growth on account of volume was 16%. The Company
completed 2 projects and undertook 1 project for implementation.
World market of
p
-Cresol (a key product) is estimated at 57,000 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 world Fragrance industry is estimated at US$ 10.5 b and is growing at about 4% and
the size of world Personal Care industry is estimated at US$ 1 b and is growing at about 5%.
The main user industries, namely, Fragrance and Personal Care, are
growing well because of improving standard of living. The Company
will participate in this growth by i) broadening its market reach,
ii) increasing its manufacturing efficiencies, iii) generating and adding
capacities and iv) introducing new products.
The prices of key raw materials which are derived from crude
oil fluctuate almost monthly whereas the customers in the user
industries expect the prices of the finished products to remain firm
for a quarter or even more; on such occasions, it is possible to get
affected adversely. Fluctuations in foreign exchange may impact sales
realisations.