Hirdaramani Annual Report 2024 May 2026

Hirdaramani Annual Report 2024: Write-Up

Sustainability: Beyond Carbon Neutral

The most anticipated section of the Hirdaramani Annual Report 2024 is the "Planet First" chapter. Unlike previous years where the focus was solely on renewable energy (the group runs on 45% solar and hydro power), 2024 focuses on circularity.

2. Digital and Lean Manufacturing

• Implemented AI-driven fabric inspection across 80% of cutting rooms.
• Deployed a proprietary MES (Manufacturing Execution System) – “HiraMES 2.0” – reducing style changeover time by 34%.
• Over 12,000 employees completed digital upskilling modules via the Group’s internal “FutureStitch” platform.

2. Digital & Agile Manufacturing

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

• Deployed HirdaVision, a proprietary computer vision system, to detect real-time sewing defects, reducing rework rates by 27%.
• Integrated Generative AI for production planning, cutting style changeover times by 35% and enabling hyper-responsive lead times (as low as 10 days for repeat orders).
• All 28 group factories achieved Silver-level Connected Worker status, with real-time performance dashboards accessible to line supervisors via mobile devices.

1. Climate & Circularity (Net Zero Pathway)

2024 marked a pivotal year in our decarbonization journey. We operationalized the Hirdaramani Green Energy Transition Plan, achieving:

• 41% renewable energy mix across group operations (up from 34% in 2023), powered by two new solar farms at our Seethawaka and Wathupitiwala facilities.
• Water positivity in three Sri Lankan facilities, treating and returning 110% of water consumed to local ecosystems.
• Launched the “Circular Denim” pilot—producing jeans with 70% recycled cotton and a digital product passport for end-of-life recycling.

8) Fast checklist (tick-box)

• [ ] Downloaded full report PDF
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• [ ] Reviewed notes for related-party, debt, leases
• [ ] Assessed ESG disclosures and certifications
• [ ] Compiled 1-page summary + 2 charts

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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 Group released its Sustainability Report 2024 in June 2025, detailing its progress toward the "Future First" 2025 roadmap and reporting a revenue of $1.2 billion

. As a privately held global enterprise, Hirdaramani does not typically issue a single public "annual report" in the same way as a listed company, though its major partner, , published its Annual Report 2023/24 in November 2024 with a revenue of Rs. 7,329 million Sustainability & Climate Leadership

In 2024, Hirdaramani solidified its position as a sustainability leader in the global apparel industry: SBTi Net-Zero Approval hirdaramani annual report 2024

: 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

from energy across all manufacturing operations in Sri Lanka. Its on-site renewable power capacity reached 16.2 GWh annually through the Suryadhanavi Rooftop Solar Project. Resource Management

: Two facilities—Hirdaramani Seethawaka and Ja-ela—achieved the ZDHC Supplier to Zero (Level 2)

Progressive Level Certification for sustainable chemical management. Eco-Awards : The group secured the Gold Award in the Apparel Industry category at the Presidential Environment Awards 2024 for its Mihila facility. Strategic Investments & Growth Mihila Tex : Hirdaramani invested $30 million (Related search suggestions sent.) In 2024

to establish a cutting-edge green textile mill in Pannala, Sri Lanka. FDI Expansion : In late 2025, the group announced a supplementary $1 million

Foreign Direct Investment (FDI) to further strengthen the local apparel value chain. Biodiversity : The group unveiled the proposed 'Diya Arana' Wetland

at its Ja-Ela facility, planned for completion in early 2026 to enhance local biodiversity. Social & People Impact Hirdaramani Apparel Sustainability Report 2024 * 18.4 Mn. * 1.2 Bn (USD) Hirdaramani apparel ANNUAL REPORT 2023/24 - CSE

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Financial & Operational Highlights (FY 2024)

Despite a volatile macroeconomic environment, the Group delivered a resilient performance driven by operational excellence and strategic customer partnerships. in Sri Lanka. Furthermore

• Revenue Stability: Maintained steady revenues through diversified product mix (Activewear, Intimates, Shirting, and Outerwear), with growth in technical activewear categories.
• Operational Efficiency: Improved gross margins by 4.2% through AI-driven fabric cutting optimization and energy cost reduction via rooftop solar expansion.
• Export Volumes: Processed over 48 million garment units across Sri Lanka, Bangladesh, and Vietnam, maintaining 98% on-time-in-full (OTIF) delivery.
• Capital Expenditure: Invested $12 million in Industry 4.0 technologies, including automated material handling and sewing room IoT sensors.