IKEA commits ₹11,000 crore to add 25 India stores and deepen local sourcing by 2030
IKEA plans 25 large- and small-format stores across metros by 2030, backed by ₹11,000 crore. Over ₹7,500 crore funds Ingka Centres in Gurugram and Noida, opening 2027-2028. FY25 India revenue hit ₹1,860 crore, up 6%, as the retailer scales hiring and domestic manufacturing.
What happened
IKEA plans ₹11,000 crore India expansion by 2030, opening 25 large and small-format stores, boosting local sourcing and hiring. Over ₹7,500 crore goes to Ingka
Key facts
- ₹11,000 crore investment
- 25 stores by 2030
- ₹7,500 crore for Ingka Centres
- ₹10,500 crore first-phase commitment
- FY25 revenue ₹1,860 crore
- 6% sales growth
- 20,000-70,000 sq ft store formats
Why this matters
Deepening local sourcing and domestic manufacturing opens partnership and supplier-integration opportunities for Indian furniture and home-decor players positioned to serve IKEA's expanding footprint.
What to watch
- Ingka Centres Gurugram/Noida construction milestones and 2027-2028 opening dates
- FY26-27 India revenue growth rate vs the 6% FY25 baseline
- Local-sourcing percentage disclosures and new supplier MOUs
- Competitor response from Pepperfry, Wakefit, Godrej Interio, Reliance and IndiaMart-linked players
- Store-format mix shifts (large vs small-format) signaling urban strategy pivot
- IKEA locks metro real-estate and city-center small-format leases in Bengaluru, Chennai, Delhi-NCR
- Ramp domestic supplier contracts (textiles, wood, plastics) to hit local-sourcing targets and duty savings
- Scale e-commerce and last-mile assembly/delivery partnerships to serve non-store metros
- Aggressive hiring in retail, supply-chain, and manufacturing-linked roles