44 Atul Ltd | Annual Report 2021-22 The products falling under these product groups are used by customers belonging to the Agriculture and Crop Protection Chemicals industries. The product groups comprise 34 products and 70 formulations. 2, 4-D, Indoxacarb, Isoprothiolane and Sulfonylurea herbicides are some of the key products. During 2021-22, sales increased by 50% from ` 618 cr to ` 924 cr. Sales in India increased by 27% from ` 295 cr to ` 374 cr; bulk sales in India increased by 39% from ` 142 cr to ` 198 cr, whereas retail sales, which are currently only in India, increased by 15% from ` 153 cr to ` 176 cr. Sales outside India increased by 70% from ` 323 cr to ` 550 cr and formed CROP PROTECTION Product groups: Herbicides, Insecticides, Fungicides, Others 60% of the total. Growth on account of volume was 17%. The Company completed three projects and undertook two projects for implementation. The size of the world Crop Protection Chemicals industry is estimated at US$ 65 bn and projected to reach value of US$ 73.8 bn by 2026, growing at about 2.5%. The growth of this market is attributed to the increasing need for food security of growing population. The world Food and Agribusiness estimated at around Atul Ltd has identified two reporting segments, namely, Life Science Chemicals and Performance and Other Chemicals. Life Science Chemicals segment consists of three sub-segments, namely, Crop Protection, Pharmaceuticals and Intermediates and Aromatics - I. Life Science Chemicals segment Sales (` cr) 1,445 2021-22 1,124 2020-21 29 % change Share in total sales (%) 29 2021-22 32 2020-21 (3) % change Remark Increase | (Decrease) 2020-21 2021-22 Ratios Higher input and freight costs have reduced the margins (30%) 27.46 19.33 Operating profit margin (%) (32%) 18.23 12.33 Net profit margin (%) Management Discussion and Analysis
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