IKEA commits ₹11,000 crore to open 25 India stores by 2030 and deepen local sourcing
Ingka Group plans nearly ₹11,000 crore to scale to 25 stores by 2030, with ₹7,500 crore earmarked for Ingka Centres in Gurugram and Noida. IKEA is also exploring partnerships on land in Hyderabad, Bengaluru and Mumbai as FY25 revenue reached ₹1,860 crore on 6% sales growth.
What happened
IKEA will invest nearly ₹11,000 crore to open 25 stores in India by 2030, expand local sourcing and hiring, and build Ingka Centres in Gurugram and Noida, while
Key facts
- ₹11,000 crore investment
- 25 stores by 2030
- ₹7,500 crore for Ingka Centres
- ₹10,500 crore phase-one commitment
- FY25 revenue ₹1,860 crore
- 6% sales growth
- 25% large-format stores
Why this matters
With ₹7,500 crore earmarked for Ingka Centres and active land talks in Hyderabad, Bengaluru and Mumbai, there's a near-term window for real-estate, JV, and local-sourcing partnership deals.
What to watch
- Store-opening announcements and land/JV closures in the three exploratory cities
- FY26 revenue growth rate vs current 6% trajectory
- Local sourcing percentage and new domestic supplier contracts
- Ingka Centres construction milestones in Gurugram and Noida
- Competitive response from Pepperfry, Godrej Interio, Nilkamal and Reliance
- Same-store sales and online order mix disclosures
- Lock NCR Ingka Centres (Gurugram, Noida) with ₹7,500 crore mall-plus-store anchors
- Convert Hyderabad/Bengaluru/Mumbai land talks into JV or lease commitments
- Expand smaller city-center and online-only formats to lower per-store capex
- Scale local vendor base to hit sourcing and cost-competitiveness targets
- Push omnichannel (marketplace, click-and-collect) to widen catchment beyond metro flagships