Retail
Current eight stores to expand fourfold; double-digit growth and 2027-28 profit target put pressure on furniture rivals and mall landlords.
Meera Iyer, Retail correspondent··4 min read
Ikea plans to invest ₹21,000 crore to grow from eight stores to 30 and quadruple revenue by 2030. The retailer is recording double-digit sales growth in India and expects to turn profitable by 2027-28 if global conditions hold, according to its India CEO.
The Swedish chain will double its capital commitment while targeting a much denser network across more cities. Existing large-format outlets continue to post steady footfalls.
A furniture floor manager in a metro mall now competes with Ikea’s flat-pack pricing on sofas and storage; shoppers compare assembly kits against local carpenter quotes at the till. Dark-store furniture trials by quick commerce remain limited to small items.
Ikea will pour ₹21,000 crore into 30 stores and four times the current revenue by 2030.
The expansion helps mall developers filling big boxes and squeezes mid-price home brands that lack scale. It also lifts demand for domestic suppliers of particle board and textiles.
Watch the next store opening date and any FY27 revenue disclosure around the festive season for early signs of the 4x path.
Filed under Retail·Meera Iyer
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