Hirdaramani Annual Report 2024 _top_ -
The is a testament to the Group’s century-long legacy of adaptability. It serves as a reminder that in an unpredictable world, the combination of ethical governance, sustainable practices, and technological investment is the only way forward.
In 2024, the global apparel industry faced a complex tapestry of recalibrated supply chains, evolving ESG regulations, and shifting consumer demands for radical transparency. At Hirdaramani, we viewed this not as a burden, but as our calling. This year, we proved that agility and sustainability are not trade-offs—they are the twin engines of enduring value. Our 2024 performance reflects a disciplined focus on vertical efficiency, digital empowerment of our workforce, and a deepening commitment to becoming a net-positive enterprise.
Hirdaramani has partnered with the Lacoste Foundation and the United Nations Development Programme (UNDP) to promote socio‑economic recovery and food security in Sri Lanka. The Group also hosted its first‑ever internal Environmental Sustainability Forum to review progress towards its Future First targets and discuss actionable strategies for sustainable innovation.
In 2024, Hirdaramani’s environmental commitment was further validated when four of its facilities in Sri Lanka received honors at the 2025 Presidential Environment Awards, including a Gold Award for its Kahathuduwa facility. Furthermore, the company has achieved net-zero greenhouse gas emissions from energy across its Sri Lankan manufacturing operations, a testament to its investment in renewable sources. hirdaramani annual report 2024
With the SBTi‑approved net‑zero pathway, the Group is not merely reacting to regulatory pressure—it is proactively shaping the future of sustainable fashion. The decarbonisation roadmap, coupled with annual energy reduction targets, provides a clear, quantifiable path from 2024 to 2050.
| Category | 2024 Data / Progress | | :--- | :--- | | | Over 17 LEED Gold and Platinum-certified facilities across the global footprint | | Clean Energy | Achieved net-zero greenhouse gas emissions from energy across Sri Lanka's manufacturing operations | | Biodiversity Parks | Three dedicated parks (Ja-Ela wetland, Agalawatte forest, Mullaitivu dry zone) with ongoing ecological monitoring | | New Investment | Mihila Tex : A state-of-the-art, low-impact textile facility in Pannala |
Hirdaramani Vietnam celebrated its 2024 Golden Needle Award Winners , honouring individuals who went above and beyond to support their colleagues and communities. The is a testament to the Group’s century-long
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
| Country | Key Focus | | :--- | :--- | | | Home base, vertical operations, flagship sustainable facilities (Mihila, new Mihila Tex) | | Vietnam | Strategic hub since 1994, operational excellence, responsible manufacturing | | Bangladesh | Apparel manufacturing, part of global supply chain for major brands | | Ethiopia | Apparel manufacturing, part of global supply chain for major brands |
Disclaimer: This article is a detailed analysis based on the publicly released data and trends from the Hirdaramani Group’s 2024 annual disclosures. For specific financial ratios and audit statements, refer directly to the official document. At Hirdaramani, we viewed this not as a
The construction of Mihila Tex incorporates advanced technology in water‑recycling and purification systems to minimise water consumption—a critical consideration given the water‑intensive nature of textile production. Furthermore, Hirdaramani’s Seethawaka and Ja‑ela washing facilities successfully achieved the ZDHC Supplier to Zero (Level 2) Progressive Level Certification, marking a key milestone in the Future First Roadmap.
Financial data for the group's retail arm, ODEL PLC, for the year ended March 31, 2024, reflects a challenging economic environment: