Company Overview Financial Statements Notice Statutory Reports 15 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 Management Discussion and Analysis Rudolf Atul Chemicals Ltd is into the business of manufacturing and marketing specialty chemicals for textile processing in India. The Company offers a complete range of products for pre-treatment, dyeing and finishing of apparel, home furnishing and technical textiles. It has achieved multifold growth since inception and aims to become one of the leading suppliers in India. The Company achieved sales of ` 88 cr, which is 9% higher than the preceding year despite stringent lockdown conditions in the first quarter. Sales of effect chemicals product group grew by 23%, primarily due to growth in silicones and antibacterial finishes in the knitted and home textiles segment, whereas sales of process chemicals product group recorded a marginal drop of about 2%. It has been a challenging year for the textile industry with contraction in domestic sales by 30% and exports by 15%. The major impact was seen in the apparel segment (29%) due to the long closure of retail sales and subdued demand for formal wear. In coming years, the Indian textile industry expects to bounce back with growth of 11% CAGR to reach US$ 255 bn by 2025-26. The Indian textile chemicals industry is estimated at US$ 360 mn and is growing at about 6% CAGR. The Company offers customised solutions to its customers and aims to achieve its own niche in sustainable innovations. Itwill continue to focusonusing renewable raw materials and energy-savingprocesses. It expects demand for i) perfluorocarbon-free repellents, ii) HYDROCOOL moisture management concept for sportswear and athleisure and iii) antibacterial and antiviral finishes will grow in the near future. It offers innovative solutions for brands and retailers in the denim segment with the launch of HUB1922 – an initiative by Rudolf Group in Milan (www.hub1922.com) . The Company expects an increasing trend for specialty finishes (repellents, antibacterial agents, etc) in coming times. It has also developed products with an eye on changing machinery trends in the textile industry.
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