IKEA to Double India Investment to ₹200 Billion, Targets 30 Stores and Wider Online Expansion

Sweden’s furniture retailer IKEA will more than double its investment in India to over ₹200 billion ($2.20 billion) over the next five years, as it plans to expand its store network and strengthen local sourcing, the company’s top executive said on Monday. IKEA India CEO Patrik Antoni told Reuters that while India is “not a large IKEA country yet,” the company strongly believes it will become one of its top markets globally.

IKEA’s sales in India rose 6% to ₹18.61 billion in the year ended August 2025, and the retailer aims to quadruple this figure through an aggressive expansion strategy. The company plans to increase its store count to 30 from the current six, and will also begin accepting online orders in four new cities where it does not yet have a physical presence, including Chennai and Coimbatore in Tamil Nadu.

In a first for IKEA globally, the retailer plans to enter new cities through online operations before launching brick-and-mortar outlets, as it seeks to capture demand from younger consumers who increasingly shop online to avoid traffic and improve convenience. Online sales currently contribute more than 30% of IKEA’s India revenue, and the company aims to raise this share to 40%. IKEA also intends to double its production for domestic stores and exports to 800 million euros ($930 million), even as global trade pressures and shifting tariffs push brands to diversify sourcing and export markets.

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