India’s booming economy and young population give it 30+ years of growth potential, says IKEAIKEA India anticipates significant growth in the next three decades, driven by India's economic expansion and a burgeoning young consumer b...
13 Aug, 2025, 01.40 PM IST
Good news for shoppers! Ikea to begin online sales in Delhi-NCR this week. When is the store coming?Ikea is expanding its presence in India with online sales in Delhi-NCR and 9 other markets this week. It plans to open full-size stores in ...
27 Feb, 2025, 01.52 PM IST
Ikea India aims for operational profitability in couple of years, says CEO Susanne PulvererIkea India expects to achieve operational profitability within a couple of years. The company focuses on stabilisation, affordability, and ...
07 Feb, 2025, 08.33 PM IST
IKEA FY24 loss widens to Rs 1,299 crore, revenue up 4.5% to Rs 1,809.8 croreIkea India reported a loss of Rs 1,299.4 crore for FY24, compared to Rs 1,133 crore the previous year. Revenue from operations increased to...
30 Dec, 2024, 07.43 PM IST
Ikea adds doorstep delivery facility in 62 new markets, expects higher demand via online channelsIkea has introduced doorstep delivery facility in 62 new markets in India and plans to launch its Shop By Phone assistance service. The com...
06 Feb, 2024, 02.42 PM IST
Ikea looks at next round of investment in India after fulfilling Rs 10,500-cr promiseIKEA is planning the next round of investment in India to expand its presence, increase sourcing, and further build its volume. The company...
04 Feb, 2024, 02.51 PM IST
Ikea's India sales rise 61% in FY23, but losses widen to over ₹1,134 crIkea incurred a net loss of more than ₹3 crore every day on average in India in the last financial year, reflecting large-scale investments...
30 Jan, 2024, 12.56 AM IST
Ikea eyes omnichannel expansion and local sourcing in IndiaSusanne Pulverer, CEO of Ikea India, emphasized the company's commitment to long-term growth in the Indian market. She stated, "Our next gr...
03 Sep, 2023, 02.58 PM IST
Ikea India records net loss of Rs 902 crore in FY22; sales up by 77 per centHome furnishings retailer Ikea's Indian unit recorded a net loss of Rs 902.8 crore in FY22. The net loss widened this year as compared to R...
28 Oct, 2022, 04.35 PM IST
Ikea India raises Rs 600 croreIngka Centres, part of the Ingka Group had recently said that it will invest close to Rs 7500 crore in developing two shopping destinations...
22 Sep, 2022, 09.15 PM IST
IKEA India opens its first Bengaluru Store at Nagasandra, BengaluruSpread over 12.2 acres, the 460,000sq ft IKEA Nagasandra store will feature over 7,000 affordable, good quality, sustainable and well-desig...
21 Jun, 2022, 12.48 PM IST
IKEA leases 1 lakh sq ft at R City Mall in Mumbai’s Ghatkopar for city-center storeIKEA is known for its massive stores. However, the company is approaching Mumbai, the country’s most expensive realty market, with a differ...
22 Jan, 2022, 08.01 AM IST
Ingka Group to open its first shopping centre in India at Gurugram, to invest Rs 3,300 croreThe government is committed to provide best support to facilitate a smooth investment flow into the state. This project will not only estab...
23 Nov, 2021, 07.22 PM IST
Ikea begins home delivery of products in BengaluruPrior to this, Ikea’s products were available for home delivery in cities like Mumbai, Pune, Hyderabad, Ahmedabad, Surat, and Vadodara
16 Jun, 2021, 02.33 PM IST
IKEA India FY20 results: Net loss widens to Rs 720 cr; sales up 64.7% at Rs 566 crThe company had registered a loss of Rs 685.4 crore in the financial year ended March 2019, according to Registrar of Companies filing shar...
25 Dec, 2020, 06.00 PM IST
Swedish furniture retailer IKEA to adopt omni-channel approach for expansion in IndiaWith the changing consumer behaviour due to the health crisis, online business will play a “very important role” for IKEA, which plans to e...
27 Sep, 2020, 01.09 PM IST
IKEA's strategic partner Ingka Group invests in LivspaceThe investment is expected to be between $10-15 million, sources said, while Livspace declined to confirm the number.
21 May, 2019, 11.25 AM IST