The Hirdaramani Group's Sustainability Report 2024 outlines progress on its "Future First" roadmap, featuring 16.2 GWh of renewable energy capacity and SBTi-approved Net-Zero targets . While the private group does not issue public financials, its retail arm, ODEL PLC, reported a revenue of LKR 7.3 billion and a loss of LKR 4.2 billion for the year ending March 31, 2024 . Review the full sustainability report at Hirdaramani. Hirdaramani Apparel Sustainability Report 2024

Risk Management: Geopolitics and Supply Chains

The 2024 report is remarkably candid about external risks. With disruptions in the Red Sea and fluctuating freight costs, Hirdaramani accelerated its "China Plus One" strategy for raw materials.

  • Geopolitical disruptions to shipping lanes (Red Sea impact).
  • Rising energy tariffs in Sri Lanka.
  • Talent retention in advanced automation roles.

Financial Deep Dive: Where the Money Went

While the headline revenue is flat, the capital expenditure (CAPEX) narrative is aggressive. In 2024, Hirdaramani invested $45 million into restructuring.

Renewable Energy: The Group generates 16.2 GWh annually through rooftop solar projects, primarily the Suryadhanavi Rooftop Solar Project, saving roughly 13,400 tonnes of carbon.

  • Launched the “HERDigital” upskilling program, training 3,200 female operators in basic coding, machine data interpretation, and digital quality control.
  • Achieved zero lost-time injuries (LTI) in 12 consecutive months across Sri Lankan operations—a benchmark in light manufacturing.
  • Introduced a flexible “smart shift” system, allowing operators to self-manage start/end times within core production windows, improving retention by 18%.
  • Company name, logo, “Annual Report 2024”, period covered, and a striking photo from operations or sustainability initiatives.
  • Example: full-bleed image of factory solar array with overlay: “Hirdaramani Group — Annual Report 2024”.