Hirdaramani Annual Report 2024 Info

Unlike previous decades where success was measured by the number of containers shipped, this year’s financial review highlights "value addition." Hirdaramani has successfully pivoted its product mix toward higher-margin categories—specifically intimate apparel, activewear, and technical textiles.

from energy across all manufacturing operations in Sri Lanka. Its on-site renewable power capacity reached 16.2 GWh annually through the Suryadhanavi Rooftop Solar Project. Resource Management

Today, the has grown from that humble shop into a multi-national powerhouse with over 60,000 employees across six countries. The Hirdaramani Annual Report 2024 and their Sustainability Report 2024 tell the story of a "100-year-old startup" that is now obsessed with the future. The Chapter of 2024: A Future First

As the textile sector faces increasing pressure to decarbonize, the provides a blueprint for balancing industrial scale with deep ecological preservation and social equity. Executive Framework: The "Future First" Roadmap hirdaramani annual report 2024

According to disclosures available as of March 31, 2024 CSE, 2024, the Group continues to show structural strength. Despite global inflationary pressures and shifts in fashion retail, the Hirdaramani Group has demonstrated stability, focusing on maintaining strong relationships with key customers and optimizing supply chain efficiencies.

The 2024 narrative would also highlight strong and consistent leadership. Chairman has been the public face of the Group’s strategic direction, personally announcing both the Mihila Tex investment and the SBTi approval. Director Siddarth Hirdaramani has emphasised the Group’s long‑term commitment to sustainability, stating that “We have always considered sustainability a way of life at Hirdaramani” .

Coming off the back of a tumultuous 2022 and a stabilizing 2023, the 2024 report captures a pivotal moment for the Group. It is a narrative defined by a strategic pivot away from traditional volume-based growth toward value-added manufacturing, deepened sustainability integration, and aggressive digital transformation. Unlike previous decades where success was measured by

Corporate accountability at Hirdaramani is decentralized, allowing individual facilities to address regional social needs.

Deployed 38 organic cotton styles, 34 Cotton made in Africa (CmiA) styles, and localized Better Cotton Initiative (BCI) varieties.

The global apparel industry is undergoing a massive transformation. Consumer awareness, strict international regulations, and climate change are pushing brands to rethink their supply chains. At the center of this movement stands the , a pioneering apparel manufacturer founded in Sri Lanka during the early 1900s. Resource Management Today, the has grown from that

A standout development detailed in the 2024 operational review is Hirdaramani's major focus on regional supply chain security. Global supply shocks and evolving lead-time pressures have made domestic fabric sourcing vital for South Asian manufacturers. Hirdaramani Apparel Sustainability Report 2024

: Hirdaramani Apparel secured four awards, including a Gold Award for its Mihila facility and honors for its Ja-ela/Sithro and Seethawaka washing plants. Retail Sector: ODEL PLC (Financial Year 2023/24)

The has released its Sustainability Report 2024 , which details the company's progress toward its "Future First" 2025 Roadmap and its newly approved climate targets. As a private conglomerate, the Group does not typically publish a single public annual financial report, though its retail subsidiary, ODEL PLC , has released its Annual Report 2023/24 . 2024 Sustainability Performance