Hirdaramani Annual Report 2024
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” .
Sri Lanka's apparel industry, the nation's largest export sector, demonstrated resilience in 2024. According to the Joint Apparel Association Forum (JAAF), the country's apparel exports grew by in 2024, up from USD 4.5 billion in the previous year. This growth was driven by increases in exports to key markets, including a 5.2% rise to the USA (USD 1.9 billion) and a 7.7% increase to the UK (USD 675 million). This positive industry backdrop provides a strong tailwind for a major player like Hirdaramani.
Minimizing carbon, water, and waste footprints.
Hirdaramani successfully generated through its expansive Suryadhanavi Rooftop Solar Project , which covers manufacturing facilities group-wide. This continuous transition offsets roughly 13,400 tonnes of carbon emissions each year. Beyond rooftop solar, the group commands a broader clean energy portfolio including 100 MW of wind power and 25 MW of mini-hydro projects. This infrastructure successfully secured net-zero greenhouse gas emissions from energy across all manufacturing plants in Sri Lanka. 2. Advanced Water Efficiency hirdaramani annual report 2024
Looking ahead, the Hirdaramani annual report 2024 would note that the Group now employs over 55,000 associates across six countries, with production facilities in Sri Lanka, Bangladesh and Vietnam producing approximately 12 million garments each month. The addition of Mihila Tex in 2025 will further enhance vertical integration, reduce lead times for customers and create hundreds of new jobs.
For detailed financial statements, auditor reports, and comprehensive sustainability data, please refer to the official Hirdaramani sustainability website and the Colombo Stock Exchange disclosures.
The ODEL PLC Annual Report for the year ending March 31, 2024, reflects the following performance: The 2024 narrative would also highlight strong and
The group continues to invest in rooftop solar projects across its manufacturing hubs in Sri Lanka and Vietnam, reducing reliance on fossil fuels Hirdaramani.
The Hirdaramani Annual Report for 2024 serves as a powerful case study for how traditional manufacturing can be transformed for a sustainable future. The narrative is clear: sustainability is not a cost center or a marketing tool, but a driver of innovation, talent attraction, and long-term viability. Key takeaways from its most recent reporting include:
🔗 Read the full report here: [Insert link to report] Sri Lanka's apparel industry, the nation's largest export
: Massive adoption of rooftop solar projects alongside localized standalone wind and solar installations across manufacturing hubs to eliminate dependency on fossil fuels. 🔄 Supply Chain Traceability & Material Sourcing
The “Trust in Good Choices” pillar commits the Group to ensure that, by 2025, at least 80 % of raw materials used in its manufacturing processes will be certified sustainable, in line with globally accepted standards.
The Hirdaramani Group remains committed to social responsibility, with a strong focus on community development and employee well-being. In 2024, the group invested in several initiatives, including:
The company’s 2024 reporting period coincided with a positive upswing for the Sri Lankan apparel sector, which grew by nearly 5% to in exports for the calendar year. This growth was driven by increases in key markets, including the US, EU, and UK. The industry is targeting $8 billion in exports for 2025.
A robust annual report also measures social impact. For Hirdaramani, the social dimension is encapsulated in the “Empower our Associates” and “Support our Communities” pillars of its sustainability agenda.