Hirdaramani Annual Report 2024 [upd]

The (released alongside their independently assured and GRI-audited Sustainability Report 2024 ) marks a monumental milestone for the Hirdaramani Group as it transitions its ambitious "Future First" roadmap into measurable, global results. As a century-old pioneer in the apparel industry, the Sri Lankan multinational conglomerate has re-engineered its financial, operational, and ecological footprints across Sri Lanka, Bangladesh, Vietnam, and Ethiopia.

Our "Factory as a Platform" vision accelerated. We moved beyond automation to augmentation:

In 2024, the Hirdaramani Group accelerated its commitment to vertical integration and decarbonization, marked by a Rs. 10 billion investment in a new sustainable textile mill, Mihila Tex, in Sri Lanka. Furthermore, the group solidified its leadership in sustainability by becoming the first in Sri Lanka to have its Net-Zero Science Based Targets approved, aiming for a 90% reduction in emissions by 2050. For more information, visit the Hirdaramani Sustainability Report at Hirdaramani . Hirdaramani Apparel Sustainability Report 2024 hirdaramani annual report 2024

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.

Despite a volatile macroeconomic environment, the Group delivered a resilient performance driven by operational excellence and strategic customer partnerships. We moved beyond automation to augmentation: In 2024,

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."

Key highlights from the include:

🌱 Key highlights include: