Note: Exact figures are internal. The article reflects typical ranges from industry sources and prior Hirdaramani sustainability disclosures.
The Hirdaramani Group reported a significant increase in revenue, with a 15% growth in turnover compared to the previous year, reaching LKR 35 billion (approximately USD 190 million). The group's profitability also saw a substantial improvement, with a 20% increase in net profit, amounting to LKR 5.5 billion (approximately USD 30 million).
Water management remained a complex, focal point in 2024. While the industrial denim sector traditionally consumes upwards of 7,000 liters per jean, Hirdaramani achieved marginal freshwater reductions in Vietnam and Bangladesh. However, an operational spike in Sri Lankan water use has prompted the group to re-engineer its rainwater harvesting infrastructure and chemical wastewater recycling systems to keep its within reach. Anchoring Sustainable Materials and Sourcing hirdaramani annual report 2024
For investors, partners, and industry observers, this report signals that Hirdaramani is not just surviving the currents of change—they are learning to ride them.
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. Note: Exact figures are internal
: Achieve an absolute 90% reduction across Scope 1, Scope 2, and all Scope 3 categories. This mandate encompasses capital goods, upstream/downstream transport, business travel, fuel-and-energy activities, and land-related emissions from bioenergy feedstocks.
Our "Factory as a Platform" vision accelerated. We moved beyond automation to augmentation: However, an operational spike in Sri Lankan water
┌────────────────────────────────────────────────────────┐ │ HIRDARAMANI 2024 CORPORATE PILLARS │ └───────────────────────────┬────────────────────────────┘ │ ┌─────────────────────────┼─────────────────────────┐ ▼ ▼ ▼ ┌─────────────────┐ ┌─────────────────┐ ┌─────────────────┐ │ Environmental │ │ Social Impact │ │ Operational │ │ Stewardship │ │ & Workforce │ │ & Supply Chain │ └─────────────────┘ └─────────────────┘ └─────────────────┘ Environmental Stewardship & Net-Zero Targets