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).
The company trained 70% of supervisors through its development program and reached a milestone of having 30% of leadership positions held by women. Strategic Investments and Awards hirdaramani annual report 2024
The 2024 fiscal year presented a mixed bag for the Hirdaramani Group. While global demand for ready-made garments softened in Western markets due to inflationary pressures, the group reported a , buoyed by diversification into technical textiles and activewear. The Hirdaramani Group reported a significant increase in
Our Board strengthened oversight of supply chain due diligence. In 2024, we became signatories to the and completed a third-party human rights impact assessment across our Bangladesh operations. Zero instances of child or forced labor were confirmed; however, we identified and remediated four cases of excessive overtime through enhanced scheduling algorithms. Strategic Investments and Awards The 2024 fiscal year
Beyond the infrastructure, the 2024 narrative highlights the program, which has now trained over 21,000 employees globally. By partnering with organizations like the UNDP to launch backyard poultry projects for local families, Hirdaramani proved that sustainable business is as much about community resilience as it is about environmental targets. Hirdaramani Apparel Sustainability Report 2024