| Indicator | 2024 Result | vs. 2023 | | :--- | :--- | :--- | | GHG Emissions (Scope 1 & 2) | -23% reduction | ▲ 9% improvement | | Freshwater withdrawal per garment | 38 liters | ▼ 11% | | Waste sent to landfill | 4.1% of total | ▼ 32% | | Certified organic/circular materials | 19% of total volume | ▲ 7 pts | | Women in leadership (Supervisor+) | 44% | ▲ 3 pts |
Hirdaramani became one of the few Asian apparel manufacturers to claim "Water Positive" status in its Sri Lankan operations. For every liter of freshwater extracted, the company replenished 1.5 liters back into local watersheds through rainwater harvesting and community well restoration projects.
Our Board strengthened oversight of supply chain due diligence. In 2024, we became signatories to the UN Guiding Principles on Business and Human Rights (UNGPs) and completed a third-party human rights impact assessment across our Bangladesh operations. Zero instances of child or forced labor were confirmed; however, we identified and remediated four cases of excessive overtime through enhanced scheduling algorithms.
The Hirdaramani Annual Report 2024 sends a clear signal: The company is no longer just a garment manufacturer; it is a technology and sustainability solutions provider. While top-line growth remained stagnant due to global macroeconomics, the qualitative improvements in water conservation, AI quality control, and worker welfare set a new benchmark for the South Asian apparel industry.
For competitors, the report serves as a roadmap. For investors, it suggests a "hold" with long-term upside as 2025’s CAPEX spending translates to operational efficiency. And for the world, it proves that ethical fashion can be scalable, profitable, and technologically superior.
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. hirdaramani annual report 2024
In 2024, the Hirdaramani Group prioritized sustainable infrastructure and net-zero carbon emissions, highlighted by a Rs. 10 billion investment in a new green textile mill in Pannala, Sri Lanka. The group became the first in Sri Lanka to achieve SBTi-approved net-zero targets and continued to expand its renewable energy portfolio. For more details, review the Hirdaramani Sustainability Report 2024 Hirdaramani group annual report
The Hirdaramani Group is a major Sri Lankan conglomerate with a century-long legacy in the apparel industry and diversified interests in renewable energy, leisure, and retail. The primary focus of their 2024 reporting is their Apparel Sustainability Report, which outlines their path to net-zero and significant environmental achievements. 2024 Sustainability Performance
The 2024 Sustainability Report highlights the group's "Future First" roadmap:
Net-Zero Milestone: Hirdaramani became the first Sri Lankan organization to have its Net-Zero Science Based Targets approved by the SBTi in 2024.
Renewable Energy: On-site renewable power generation reached 16.2 GWh annually, primarily through the Suryadhanavi Rooftop Solar Project. | Indicator | 2024 Result | vs
Carbon Reduction: Current solar initiatives save approximately 13,400 tonnes of carbon per year. Emission Targets:
Near-Term: Aiming for a 54.6% reduction in Scope 1 and 2 emissions by 2033.
Net-Zero: Committed to a 90% reduction in Scope 1, 2, and 3 emissions by 2050. Strategic Investments & Awards
Mihila Tex: The group invested $30 million in a cutting-edge textile mill in Pannala, Sri Lanka, to strengthen the local value chain.
Presidential Environment Awards 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) Disclaimer: This article is a detailed analysis based
Financial data for the group's retail arm, ODEL PLC, for the year ended March 31, 2024, reflects a challenging economic environment:
Revenue: LKR 7.30 billion (compared to LKR 8.25 billion in 2023). Loss for the Year: LKR 4.21 billion. Total Assets: LKR 30.67 billion. Key Locations and Operations
Sri Lanka: 16 facilities are certified LEED or green buildings.
Global Reach: Operations span 6 countries including Vietnam, Bangladesh, and Ethiopia, with over 55,000 associates. Expand map Hirdaramani Apparel Sustainability Report 2024
Colombo, Sri Lanka – In an era defined by global supply chain volatility, rising operational costs, and an increasing demand for ethical manufacturing, the release of the Hirdaramani Annual Report 2024 offers a critical lens into how one of Sri Lanka’s oldest and most respected apparel giants is navigating the future. The report, published in Q2 of 2025, is more than a financial disclosure; it is a manifesto for "Agile and Responsible Manufacturing."
For stakeholders tracking the apparel sector, the 2024 edition marks a significant pivot from post-pandemic recovery to proactive growth, with heavy investments in automation, water positivity, and workforce upskilling.