Company Overview Financial Statements Notice Statutory Reports 13 Rudolf Atul Chemicals Ltd | Annual Report 2023-24 Management Discussion and Analysis Rudolf Atul Chemicals Ltd (RACL) is intomanufacturing and marketing of specialty chemicals for the 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 a CAGR of 11% in the last 5 years and aims to become one of the leading suppliers in India. The Company achieved sales of ` 138 cr, which is 25% higher than the previous year mainly due to new products introduced and increased customer base. Major product group growth drivers are Pretreatment chemicals, dyeing chemicals and silicones used in Textile wet processing. Sales of effect chemicals (EC) segment increased by 21% due to customised silicone product offerings for key markets, and due to durable water repellent sales at new customers. Whereas the process chemicals (PC) segment showed a growth of 27%, majorly due to new customers being added for pretreatment chemicals, for printing auxi l iaries and for dyeing chemicals. Improved per formance in both segments helped increase sales revenue. 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 improved demand for i) specialty chemicals for synthetic textiles used in sports and athleisure applications, ii) per fluorocarbon-free repellents and iii) silicones for improved performance in home and knit segments. It has planned to establish a complete processing package for the denim segment along with sulphur black, a rapid dyeing concept in the polyester segment and new products for polyester printing. The growing demand for Continuous Bleaching Range chemicals for knit fabrics will boost its growth in PC sales.
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