In the wake of Sri Lanka’s economic crisis, labor retention became a national challenge. The Hirdaramani Annual Report 2024 details a "Financial Wellness for All" initiative.
Notably, the company moved away from traditional wage brackets to a skill-based merit matrix. In 2024:
The 2024 report dedicates a full section to “Zero Carbon Ready by 2030”. Key achievements: hirdaramani annual report 2024
While specific top-line figures fluctuate based on global inventory corrections, the 2024 report underscores a strategy prioritizing profitability over volume.
Unlike previous decades where success was measured by the number of containers shipped, this year’s financial review highlights "value addition." Hirdaramani has successfully pivoted its product mix toward higher-margin categories—specifically intimate apparel, activewear, and technical textiles. In the wake of Sri Lanka’s economic crisis,
The report details how the Group managed to protect its margins despite global headwinds. Key to this was a rigorous cost-optimization strategy and a move toward backward integration. By controlling more of the supply chain—from fabric sourcing to packaging—Hirdaramani has insulated itself from some of the volatility in raw material pricing that crippled less integrated competitors.
2024 marked a pivotal year in our decarbonization journey. We operationalized the Hirdaramani Green Energy Transition Plan, achieving: Outlook: Capex of $18 million planned for FY2025,
The report lists key risks for 2025:
Outlook: 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.