Report 2024 - Hirdaramani Annual

Furthermore, the report touches upon the Group’s handling of wage revisions in Sri Lanka amidst hyperinflation. It outlines the delicate balancing act of remaining competitive globally while ensuring a living wage for employees, a move that has stabilized the workforce and reduced turnover rates compared to industry averages.

The 2024 reports highlight a pivotal year where the company invested Rs. 10 billion into , a new eco-friendly textile mill in Pannala. This investment isn't just about fabric; it's about reducing dependence on imports and creating 800 new jobs for the community. Key milestones from the year include:

As a publicly traded subsidiary, ODEL PLC's performance reflects the retail environment for the fiscal year ending March 31, 2024. FY 2023/24 Performance (Rs.) 7,302,893,017 Loss for the Year (4,207,745,186) Total Assets 30,671,032,652 Total Debt 22,645,832,452 Social & Wellbeing Initiatives hirdaramani annual report 2024

: All energy emissions across Hirdaramani's manufacturing operations in Sri Lanka have achieved verified Net-Zero status . Advancing Resource Conservation and Green Architecture

In 2024, the global apparel industry faced a complex tapestry of recalibrated supply chains, evolving ESG regulations, and shifting consumer demands for radical transparency. At Hirdaramani, we viewed this not as a burden, but as our calling. This year, we proved that agility and sustainability are not trade-offs—they are the twin engines of enduring value. Our 2024 performance reflects a disciplined focus on vertical efficiency, digital empowerment of our workforce, and a deepening commitment to becoming a net-positive enterprise. Furthermore, the report touches upon the Group’s handling

: Operations span 6 countries including Vietnam, Bangladesh, and Ethiopia, with over 55,000 associates . Expand map Hirdaramani Apparel Sustainability Report 2024

Hirdaramani’s "Digital Transformation" chapter outlines a multi-year investment in automation and data analytics. Key highlights include: 10 billion into , a new eco-friendly textile mill in Pannala

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.