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.
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 revenue, raise local sourcing to 50%, double retail staff to 5,000 and increase investment.
Why this matters
The expansion follows IKEA India's evaluation of quick commerce alongside its 30-store, ₹21,000 crore 2030 target and plans for a second Delhi-NCR city store at DLF Avenue, Saket.
Store-opening is steady, with 1,545 signals in the past 90 days; no QoQ change figure was provided.