Furniture retailer Ikea India’s revenue grew 6% year-on-year in FY25 to Rs 1,860.8 crore, it said on Tuesday, while disclosing its performance for the period. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) excluding fixed costs grew 12% year-on-year. The retailer also said that it expects to become profitable in India in two years, driven by its expanding reach across cities and online channels, alongside continued demand for furniture and affordable home solutions in the country.
The company entered India in August 2018 with its first store in Hyderabad. Its second store in Navi Mumbai was launched in December 2020. The company entered North India this year through the online channel.
Murali Iyer, chief financial officer at Ikea India, said the share of online sales grew by 34%, entry into North through online, and new format stores across Delhi and Bangalore had been rewarding. He said Ikea India had catered to almost 110 million customers across channels in FY25.
The company said the furniture line led the sales for its India operations, but did not share revenue contribution to overall topline. Ikea for Business contributed 19%, growing 20% year-on-year, while food contributed around 10% to sales. Among specific products, Ikea’s Brimnes Day Bed saw demand rise by 131% compared to the previous financial year, while the Billy Bookcase recorded 153% higher demand than FY24.
Everyday essentials also saw robust growth — Oftast plates (366,000 units sold), Oftast bowls (307,000 units sold), and Variera drawer mats (340,000 units sold) were among the top sellers by volume, the company said. Ikea offers over 6,500 home furnishing products in India, including more than 50 small furniture items priced under Rs 1,000, over 750 home furnishing and décor articles under Rs 200, and around 70 food items under Rs 200.
Patrick Antoni, who took on the role of Ikea’s India CEO in August 2025, said the home furnishing market in the country is projected to reach $48 billion by 2030, growing at a CAGR of 8.7%.
“At Ikea, we see a long-term opportunity to contribute to this growth by making home furnishing more affordable, accessible, and sustainable for many people,” he said.