Page 43 - Balmer Lawrie Sustainability Report 2022_Single Pages

Financial Performance Highlights SBU: Greases & Lubricants (G&L)

The Company recorded a net turnover of Rs.2104.85 The lubes market in India is estimated to grow at a CAGR
crores during Financial Year 2021-22 as against of 3-4% by volume through 2030. During the reporting
Rs.1592.77 crores in Financial Year 2020-21, this is an year, SBU: G&L improved its profitability by working on
increase of approximately 32.15% over last year. The margin retention and its overall efficiency through
Profit Before Tax was Rs.170.14 crores in Financial Year operational excellence across various manufacturing
2021-22 as against Rs.156.65 crores in Financial Year units. The focus areas of SBU: G&L are the DEO & MCO
2020-21. This increase is attributed to the easing out segments, the launch of greases other than the
effect of the COVID-19 pandemic on the performance of lithium-based, the tractor segment, increasing the
SBU: Travel & Vacations which was severely affected in distribution network, and the launch of new products in
FY 2020- 21. The Reserves and Surplus of the Company various segments.
increased to Rs.1148.86 crore as at 31st March 2022 as
compared to Rs.1136.72 crore as at 31st March 2021. SBU: Chemicals (C)

SBU: Industrial Packaging (IP) SBU: Chemicals is a market leader in the Fat liquors
segment with a significant market share in the Syntan
Balmer Lawrie & Co. Ltd. (“Balmer Lawrie”) is the market segment. SBU: Chemicals was able to reach a 10%
leader in the packaging industry with a robust market higher volume compared to the previous year and a
share and we are maintaining this with technological 33% higher turnover by capturing the market of imported
upgradation and a very effective procurement policy. Fat liquors.
SBU: IP operates through six manufacturing plants on a
pan India basis which includes the state-of-the-art facility SBU: Chemicals has introduced new chemicals in the
at Navi Mumbai. SBU: IP has been showing steady Beamhouse segment like Wetting agents, Basic Chrome
growth in volumes, turnover, profitability and profits. sulphate (BCS) etc. With a formidable brand image, an
Overall, we expect continued industry growth and market expert technical services team and an increased product
demand in FY 2022-23. The GDP is expected to grow basket, SBU: Chemicals is well-positioned to improve the
around 7% in FY 2022-23 riding on the strong comeback business in the coming years. SBU: Chemicals has also
of 8.7% GDP growth in FY 2021-22 and SBU: IP expects forayed into other synergistic chemicals such as textile
to continue its growth in FY 2022-23. It anticipates chemicals and intermediate for agrochemicals business.
significant growth in the coming years with the biggest With a varied product basket in hand, SBU: Chemicals
drivers being the Chemicals, Transformer Oils and Lubes has been focusing on the Southern Region where the
segment. SBU: IP also plans to expand aggressively in market potential is higher.
the export segment. The other big draws are accessing
new markets through exports and tapping a new customer
base in Gujarat through the new plant at Vadodara.

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