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Dailymirror.news, Bangalore, November 11, 2025: FY25 (September 2024-August 2025, followed by IKEA globally as the financial year) marked another year of steady growth for IKEA India, with strong performance across channels and categories.
The company continues to strengthen its position as India’s most loved home furnishing brand, offering beautiful, functional, and sustainable home solutions at prices affordable for the many.
Murali Iyer, Chief Financial Officer, IKEA India, said, “FY25 was another year of solid and meaningful growth for IKEA India with sales up by 6%, reaching an annual revenue of INR 18,608 million. We improved our EBITDA (excluding fixed costs) by 12%.
Our share of online sales grew by 34%, and our entry into the North market through online, and new format stores across Delhi and Bangalore, has been truly rewarding. IKEA India welcomed close to 110 million customers across our channels in FY25.
IKEA for Business contributed 19% to the total sales, growing 20% year-on-year, while food continued to be both a strong visitation and revenue driver at ~10%.”
“The home furnishing market in India is projected to reach USD 48 billion by 2030, growing at a CAGR of 8.7%, and we are truly inspired by this potential.
At IKEA, we see a long-term opportunity to contribute to this growth by making home furnishing more affordable, accessible, and sustainable for the many people.
As we continue to invest in our business and people, our goal is to turn profitable within the next two years, while building a solid foundation for a better everyday life for the many Indians”, shared Patrik Antoni, CEO, IKEA India.
Reaching more Indians, in more ways than ever
At the back of accelerated expansion across both digital and physical touch points, making its range more accessible than ever, IKEA reaches over 90% of India’s urban households.
In FY25, the brand entered North India with online deliveries, followed by a city store in West Delhi, and deepened its presence in Bengaluru with a Plan and Order Point.
Furniture leads the way as India embraces IKEA homes
Furniture led the way in FY25, reflecting India’s growing love for IKEA homes. Iconic products like the BRIMNES Day Bed (up 131% vs FY24), BILLY Bookcase (up 153% vs FY24), and PAX Wardrobe (up 135% vs FY24) were among the top-selling furniture families.
Everyday essentials also saw strong growth- OFTAST plates (3.66 lac units sold) and bowls (3.07 lac units sold) and VARIERA drawer mats (3.4 lac units sold) were among the top sellers by volume.
Today, IKEA offers over 6,500 home furnishing products in India, including more than 50 small furniture items under ₹1,000, over 750 home furnishing and décor articles under ₹200, and around 70 food items under ₹200, reflecting its unwavering commitment to affordability.
Food and B2B: Strong growth drivers
Food continues to be an integral part of the IKEA experience, accounting for just under 10% of the total business. Over 2.2 million food tickets were served in FY25, with close to 1 million visitors enjoying meals in IKEA restaurants across India.
The much-loved chicken meatballs remained the top-seller with nearly 200,000 portions served.
Adapting to local tastes, IKEA introduced local favorites such as vada pav in Mumbai, bisibele bhath in Bengaluru, and biryani in Hyderabad, alongside seasonal and festive menus.
Staying true to its belief that good food should be for everyone, about 50% of IKEA’s food range is priced under ₹100.
The B2B business continued to accelerate, contributing 19% of total sales and growing 20% year-on-year, as more Indian businesses and institutions turned to IKEA for affordable and inspiring design solutions.
Investing in growth, people, and sustainability..
IKEA India continues to invest in expanding its presence, people, and operations, laying a strong foundation for long-term, sustainable growth.
In line with the upcoming expansion, the company plans to grow its co-worker base with a continued focus on building a diverse and inclusive workforce. Currently, IKEA India’s gender diversity stands at 43%, with the goal of achieving 50:50 parity.
Sustainability remains at the heart of IKEA’s business. Over the past eight years, IKEA has made consistent investments in sustainable retail operations, earning LEED Gold certification for its Bengaluru and Navi Mumbai stores and working towards Platinum certification for Gurugram and Noida.
As a founding member of RE100, IKEA is on track to power its operations with 100% renewable energy by 2025. The company has also achieved 100% zero-emission EV deliveries in key cities, with plans to expand this to all future markets.
Through EV charging stations, energy-saving solutions, and responsible sourcing, IKEA continues to contribute to a cleaner, more sustainable future for India.
