BUSINESS SEGMENT OVERVIEW Delivering Sustainable Solutions for Diverse Needs

We offer a wide array of products across our diversified yet integrated business segments that meet the stringent quality and sustainability norms of our customers across various sectors.

Owing to increasing number of facilities catering to multi-products, integrated production processes, similar economic characteristics of products and business conditions, the Group’s operations were merged during the year and are now reported under two Business Segments as per Ind AS 108, namely:

• Advanced Intermediates
• Phenolics

Performance

• Advanced Intermediates segment reported healthy revenue growth of 21% driven by positive demand for key products and improved sales realisation despite the volatile global economic environment
• Sharp rise in input costs and lag effect in passing on prices to customers resulted in moderation of EBIT growth
• We expect to gain from the traction of chemical industry, our strategy of integrating business both forward and backward

Performance

• Delivered a strong topline performance with revenue growth of 16%. EBITDA margin stood at 14%. This was achieved despite weak global demand and price increase in key raw materials such as Propylene and Benzene combined with high prices of coal
• The Phenol plant clocked a utilisation rate of over 120% for the fourth quarter and achieved the highest-ever quarterly domestic sale and production per day of phenol
• Demand trajectory remains solid and we are well placed to realise incremental gains through timely introduction of downstream derivative products of phenol and acetone