47 Corporate Overview 01 - 23 Statutory Reports 24 - 109 Financial Statements 110 - 263 The product groups comprise 430 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 2021-22, sales increased by 36% from ` 591 cr to ` 802 cr. Sales in India increased by 27% from ` 315 cr to ` 401 cr. Sales outside India increased by 45% from ` 276 cr to ` 401 cr and formed 50% of the total sales. Growth on account of volume was 25%. The increased demand in both workwear 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 2021-22, sales increased by 9% from ` 286 cr to ` 312 cr, despite the disruption in production due to the COVID-19 pandemic. Sales in India increased by 17% from ` 157 cr to ` 183 cr. Sales outside India remained at ` 129 cr and formed 41% of the total. Growth on account of volume was 9%. The world market for Resorcinol (a key product) is estimated at US$ 578 mn and is growing at about 2.5%. The size of the world Tyre industry is estimated at US$ BULK CHEMICALS AND INTERMEDIATES Product groups: Bulk chemicals, Adhesion promoters, Others 246 bn and is growing at about 2.7%. The size of the world Chlor-alkali industry is estimated at US$ 53 bn and is growing at about 2.90%. The Tyre industry is projected to grow supportedby resurgence in theAsiaPacific market region. 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) increasing its manufacturing efficiencies, ii) debottlenecking and adding capacities, iii) introducing downstream products and iv) widening its market reach. The demand and price of bulk chemicals are cyclical in nature. Fluctuations in foreign exchange may impact sales realisations.
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