Hirdaramani Annual Report 2024

Fostering equity, safety, and holistic professional growth.

The group maintained net-zero greenhouse gas emissions from energy across all manufacturing operations within Sri Lanka. Water Stewardship and Circularity

In the volatile landscape of global apparel manufacturing, few names command as much respect for resilience and adaptability as the Hirdaramani Group. As the Sri Lankan conglomerate unveils its Annual Report for 2024, the document reads less like a static record of financials and more like a manifesto for the future of sustainable manufacturing.

Decrease Scope 3 emissions derived from purchased goods and services by within the same timeframe. Net-Zero Long-Term Targets (2050) : hirdaramani annual report 2024

Reduced waste down to , rapidly approaching its Zero Waste to Landfill goal. Equipment Efficiency 70% Energy-Efficient Machinery

From its origins in the early 1900s in Sri Lanka, the Hirdaramani Group has expanded into a global powerhouse. Today, it employs over 55,000 associates across a footprint spanning Sri Lanka, Bangladesh, Vietnam, and Ethiopia.

: In September 2024, the group became the first organization in Sri Lanka to receive official approval from the Science Based Targets initiative (SBTi) for its Net-Zero science-based targets. Energy Transition : The group achieved net-zero greenhouse gas emissions Fostering equity, safety, and holistic professional growth

To meet the demands of global partners and shifting market conditions, Hirdaramani has prioritized investment in state-of-the-art technology and digital transformation .

: Key partnerships and joint investments with premium hospitality operators like the Hilton and Taj groups.

In 2024, the Group focused on vertical integration and domestic value chain strengthening: As the Sri Lankan conglomerate unveils its Annual

The Group has launched unique initiatives such as “Wonders of Wellbeing” to ensure happy, healthy and fulfilling lives for its associates. Employee ratings on platforms like Glassdoor consistently reflect high satisfaction, with 89 % of employees expressing a positive business outlook.

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:

2023: $4.48 billion | | (+5%) V 2024: $4.70 billion

Capex of $18 million planned for FY2025, focused on vertical lazer cutting, on-site solar storage, and a new innovation lab in the Seethawaka Export Processing Zone.