Company Overview Financial Statements Notice Statutory Reports 15 Rudolf Atul Chemicals Ltd | Annual Report 2021-22 Management Discussion and Analysis Rudolf Atul Chemicals Ltd (RACL) is intomanufacturing and marketing of specialty chemicals for textile industry in India. The Company offers a complete range of products for pre-treatment, dyeing and finishing processes of apparels, home furnishing and technical textiles. It has achieved multi-fold growth since inception and aims to become one of the leading suppliers in India. The Company achieved sales of ` 120 cr, which is 36% higher than the previous year despite shortage of raw materials and lower capacity utilisation by key customers. Sales of process chemicals (PC) product group registered 48% growth primarily due to the increased demand for continuous bleaching range (CBR), dyeing and printing chemicals, whereas sales of the effect chemicals product group increased by 21%, mainly driven by silicone, repellents and wet waxing products. The Company offers customised solutions to its customers and aims to achieve its own niche in sustainable innovations. It will continue to focus on using renewable raw materials and energy saving processes. It expects demand for i) perfluorocarbon-free repellents and ii) HYDROCOOL moisture management concept for sportswear and athleisure. It has planned to establish the rapid dyeing concept in polyester segment and new products for polyester printing. The growing demand of CBR chemicals for knits fabric will boost its growth in PC sales. The domestic Textile industry, which had seenademand slump in fiscal 2021 owing to the disruptions caused by the COVID-19 pandemic, recovered in fiscal 2022 with reopening of businesses, educational institutions and retail outlets. The newstrategic approach ‘China-1’ by premier brands have boosted Indian textile exports. Government announcements such as the production linked incentive scheme, setting up of mega textile parks, and extension of the rebate of state and central taxes and levies scheme have given fresh impetus to this industry. Currently, high cotton prices and rising utility
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