To have at least 25 new stores by 2030 and a strengthened e-commerce presence as well
IKEA India aims to quadruple its sales by 2030 and said it is witnessing strong double-digit growth as it accelerates its retail expansion plans. Earlier this year, the Swedish furniture and home furnishings major, which has invested over ₹10,500 crore in India so far, said it plans to more than double its investments by 2030.Patrik Antoni, CEO, IKEA India told businessline, “We are witnessing a solid double-digit growth trajectory with growth in sales and store visitations. India is a key growth market for us from the long-term perspective. We are quite bullish on the market with its large base of consumers, a growing economy and rapid urbanisation.”He added that the company intends to more than double its investments in India by 2030. “At the same time, we are aiming to quadruple our sales by 2030 to about ₹8,000 crore. This will mean our focus will be both on growing our existing stores as well as adding new stores. So we have said to have at least 25 new stores by 2030 and a strengthened e-commerce presence. We also intend to double the number of co-workers to 5,000 from the current 2,500, with a focus on skill development,” Antoni added.The company said while it’s focusing on expanding through large format stores, it also aims to become more accessible to Indian consumers through small and medium-sized stores.“Previously, we were expanding with larger store formats. But there has been a shift in consumer behaviour and they want us to be closer to them. So over the past two years, we have been executing the new expansion strategy, where we will continue to add larger format stores offering the full experience. At the same time, there will be more additions of small and medium-sized format stores to become more accessible,” he added.IKEA has also been ramping up its e-commerce presence in India. “Already, 30 per cent of our sales come from the e-commerce channel, which will increase. We see good traction when we connect the offline and online experiences. In markets where we already have an established presence, we are seeing the e-commerce channel growing faster due to an increase in brand awareness and brand knowledge after consumers experience the brand at stores,” Antoni noted.Meanwhile, the company is also ramping up sourcing and exports from India. “With our rapid expansion, we expect to significantly grow sourcing from India. Harmonisation of international and Indian standards has now happened to a large extent, which is a step in the right direction, and is crucial for us to grow export volumes from India,” he added.Published on July 14, 2026
