IKEA — Ikea India targets 30 stores by 2030, aims to quadruple revenue

Ikea India is accelerating its expansion, targeting 30 stores by 2030 through a mix of large, medium, and small-format outlets. The Swedish furniture retailer aims to quadruple its revenue from the Indian market by 2030 and will double its investment in the country over the next year. The expansion will focus on deepening its presence in six key markets, including Delhi-NCR, Mumbai, and Bengaluru, and increasing locally sourced products from 30% to 50%.