IKEA India Plans Profitability by FY28 with Expansion and Increased Local Sourcing

IKEA India aims to achieve profitability by the end of FY28, supported by a new ₹20,000 crore investment and plans to open 25 smaller stores over the next four to five years. CEO Patrik Antoni highlighted the focus on expanding omnichannel presence, improving operational efficiency, increasing local sourcing from 30% to 50%, and controlling costs. Despite recent losses exceeding ₹1,300 crore, the company views India as a long-term growth market and continues to invest aggressively to build its brand and customer base.