The 2024 report details investments in:
In 2024, the Group was honored at the Presidential Environment Awards in Sri Lanka, winning the Gold Award for the Apparel Industry (Mihila facility) and further awards for its washing facilities News & Events, 2024 . 3. Social Responsibility: Putting People First
Perhaps the most forward-looking section of the Annual Report covers the Group’s digital journey. Hirdaramani is actively transitioning from traditional manufacturing to "smart factories."
The Hirdaramani Group has also made significant strides in innovation and digitalization, investing in cutting-edge technologies to enhance operational efficiency and drive growth. Key initiatives include: hirdaramani annual report 2024
Hirdaramani Annual Report 2024: Pioneering Sustainable Apparel Manufacturing and Future-Focused Growth
Having already hit net-zero operational energy status across its baseline Sri Lankan facilities, the group used 2024 to duplicate this success internationally.
In 2024, Hirdaramani became the first Sri Lankan organization to have its Net-Zero targets approved by the Science Based Targets initiative (SBTi). Climate Goals: The 2024 report details investments in: In 2024,
The 2024 Sustainability Report highlights the group's "Future First" roadmap:
While the private Hirdaramani Group does not publish full public financial statements, its publicly listed affiliate, , released an Annual Report 2023/24 showing a group revenue of approximately LKR 7.3 billion for the year ended March 31, 2024. Hirdaramani Apparel Sustainability Report 2024
The report highlights a stabilization of revenue streams, attributed to strategic cost management and operational efficiency. While the global apparel sector faced a slowdown, Hirdaramani’s diversified portfolio helped cushion the impact, proving that their long-term strategy of not putting "all eggs in one basket" continues to pay dividends. Climate Goals: The 2024 Sustainability Report highlights the
Recognizing that the traditional apparel industry consumes up to 7,000 liters of water to produce a single pair of jeans, Hirdaramani prioritized a strict reduction strategy. The 2024 figures highlight a normalized industrial freshwater consumption drop to . This was achieved through: Hirdaramani Apparel Sustainability Report 2024
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The 2024 disclosure presents a unified view of how Hirdaramani combines its cross-sector financial strategies with rigorous Environmental, Social, and Governance (ESG) frameworks.
: Clinched the Gold Award in the Apparel Industry category at the Presidential Environment Awards 2024 . ODEL PLC Financial Highlights (FY 2023/24)
: Hirdaramani formally expanded its collaboration with Cascale's Better Buying platform in 2024. By implementing structured feedback loops, the group bridges the gap between factory-floor capacities and global buyer purchasing practices, optimizing supply chain agility. Environmental Stewardship: Historic SBTi Approval