IKEA India
IKEA India is expanding, targeting 30 stores and ₹21,000 crore of investment by 2030, up from eight stores today (ET BrandEquity, 13 Oct). Profitability is expected only by 2027-28 (ET BrandEquity), and FY25 revenue stood at ₹1,860 cr (Business Standard, 27 Jul).
What it means Suppliers in India face rising demand as local sourcing is set to go from 30% to 50%.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
All 19 stories on IKEA India1 leadership move at IKEA India →
Footprint: where IKEA India opened
No opening on record since May 2026; 3 announced plans.
- Delhiplanned
Background
From 7 stories, the newest dated 4 Sept 2026. Summary written 3 Oct 2026. Newer developments are under Latest moves.
IKEA India is a retailer operating in India through large stores of over 100,000 sq ft and smaller city-format stores. [1] source: Business Standard
Show 3 more paragraphs and 7 sources
It had 3 large-format stores and 3 city stores in July 2026, with a fourth city store opening July 30 in New Delhi. [1] source: Business Standard Around 30% of its business comes from online. [2] source: Financial Express
Its second Delhi city store, 30,000 sq. ft. at DLF Avenue, Saket, was scheduled to open on July 30, 2026. [3] source: ET Retail Large-format Gurugram and Noida stores remain under development, and the Noida full-sized store will span around 220,000 sq ft. [2] source: Financial Express[3] source: ET Retail IKEA India targets 30 stores by 2030 and an investment commitment above Rs 21,000 crore. [1] source: Business Standard[2] source: Financial Express It aims for revenue of Rs 8,000 crore by 2030, from around Rs 2,000 crore, and local sourcing of 50%, from 30%. [4] source: ET Retail In September 2026 The Hindu BusinessLine reported a second Bengaluru store at Konanakunte Cross. [5] source: The Hindu BusinessLine Its IKONIC 3.0 campaign in Mumbai won Gold at Kaleido Awards 2026. [6] source: ET BrandEquity
Patrik Antoni is the CEO of IKEA India. [7] source: Fortune India The retailer is studying quick commerce and third-party platforms. [2] source: Financial Express It targets a retail workforce of 5,000, from around 2,500. [4] source: ET Retail
Sources
Questions about IKEA India
What are IKEA India's expansion plans?
IKEA India is expanding in the Delhi region, with a 30,000 sq. ft. city store at DLF Avenue, Saket, set for July 30, 2026, and large-format Gurugram and Noida stores under development. It targets 30 stores by 2030. [1] source: Business Standard[2] source: Financial Express[3] source: ET Retail
Where and when is IKEA India opening new stores?
IKEA India opens its second Delhi city store at DLF Avenue, Saket, on July 30, 2026. The 30,000 sq. ft. store offers nearly 3,000 products, including around 1,400 immediate-takeaway products. [3] source: ET Retail
How many IKEA India stores are there?
IKEA India had 7 India locations in September 2026, and it targets 30 stores by 2030. [5] source: The Hindu BusinessLine
Who leads IKEA India?
Patrik Antoni is the CEO of IKEA India, as cited by Fortune India in August 2026. [7] source: Fortune India
What is IKEA India's current strategy in India?
In July 2026 IKEA India set a target of 30 stores by 2030 using large, mid-sized and smaller formats. [1] source: Business Standard The same month it was studying quick commerce and third-party platforms. [2] source: Financial Express In August 2026 it outlined plans to double sourcing from India. [7] source: Fortune India
More stories about IKEA India
- IKEA India to double investment past Rs 21,000 cr by 2030, targets Rs 8,000 cr turnover
- IKEA India names Jessamine Avila as Chief Marketing Officer
Stories that mention IKEA India
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IKEA India is named in these stories but is not their subject.