Retail

Ikea bets ₹21,000 crore to hit 30 stores and 4x revenue by 2030

Swedish retailer plans to expand from eight outlets, double investment and local sourcing as it chases profitability by FY28.

Meera Iyer, Retail correspondent·16 October 2026·4 min read

Stacks of flat-pack furniture boxes and simple wooden displays in a vast warehouse-style retail hall

Ikea India aims to quadruple revenue to around ₹8,000 crore by 2030 and expand its store count to 30 from the current eight. The company will more than double its investment commitment to over ₹21,000 crore, CEO Patrik Antoni said. Double-digit sales growth continues and profitability is targeted for 2027-28 if conditions stabilise.

Ikea will invest over ₹21,000 crore by 2030, up from the earlier ₹10,500 crore pledge, to support roughly 25 new large and small-format stores and take the total to about 30. Revenue is targeted to rise fourfold from the current ~₹2,000 crore level. Local sourcing and omni-channel will also scale.

For merchants this means more demand for Indian furniture and home-goods suppliers as Ikea deepens localisation to cut costs. A typical dark-store or warehouse feeder near a new Ikea site will see higher volume of flat-pack and accessory orders once the big-box opens.

Ikea will double investment to over ₹21,000 crore and reach 30 stores by 2030.

The push helps domestic manufacturers locked into Ikea’s supply chain while squeezing smaller organised home retailers and unorganised players on price and assortment in metros and emerging cities. It also raises the bar for mall developers needing large floor plates.

Watch the Gurugram and Noida mixed-use openings slated for 2027-28 and any festive 2026 online delivery expansion updates for early read on the new format mix.

Filed under Retail·Meera Iyer

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