IKEA India targets 30 stores by 2030, leaning on smaller city formats

IKEA India plans to expand across six metros with a mix of large, mid-sized and small stores, while targeting a fourfold revenue increase by 2030. About 25% of its planned network will be large-format locations.

— Source publishedMon, 27 Jul, 2026, 19:23 IST·First seen Mon, 27 Jul, 2026, 19:24 IST·Source Business Standard · Companies

What happened

IKEA India plans to reach 30 stores by 2030 through large, mid-sized and smaller formats, deepening presence in six metro areas. It aims to quadruple India

Key facts

  • 30 stores by 2030
  • 25% of planned stores to be large format
  • 3 large-format stores currently
  • 3 city stores currently
  • fourth city store opens July 30 in New Delhi
  • Large stores: over 100,000 sq ft
  • Mid-format stores: about 70,000 sq ft
  • Small stores: about 25,000 sq ft
  • FY25 revenue: ₹1,860 crore, up 6%
  • Revenue target: 4x by 2030
  • Local sourcing target: 50%, from about 30%
  • Retail workforce target: 5,000, double current level

Why this matters

IKEA’s format-led push across six metros raises the strategic value of local logistics, real-estate, last-mile delivery and home-services partners that can accelerate smaller-city market entry.

What to watch

  • Announcements of city-by-city opening schedules, especially beyond the six metro areas.
  • The share of stores operating as full-range large format versus planning studios, compact stores or pickup locations.
  • Evidence of new regional warehouses, dark stores, delivery partnerships or assembly-service networks.
  • India revenue growth, comparable-store sales and online share relative to the stated fourfold revenue ambition.
  • Local sourcing commitments, supplier additions and price changes in core entry-level categories.
  • Store opening delays tied to real estate approvals, infrastructure, inventory availability or profitability concerns.
  • Competitive responses from Urban Ladder, Pepperfry, Home Centre, D2C furniture brands and regional organized retailers.
  • Secure additional metro-region sites that combine mid-sized retail footprints with last-mile delivery access.
  • Expand localized assortments in modular storage, small-space furniture, mattresses and affordable kitchen solutions for smaller-city households.
  • Build store-linked fulfilment capacity, including pickup points, delivery fleets and installation/assembly partnerships.
  • Use compact formats for room-planning, kitchen design, consultation and endless-aisle ordering rather than full assortment display.
  • Increase local sourcing and supplier development to protect price positioning as the network expands.
  • Deploy loyalty, financing and bundled service offers to raise conversion from store visits to larger home-furnishing projects.