Ikea India, the local arm of the Swedish furniture giant, recorded a wider loss of Rs 1,325.2 crore in the financial year ending March 31, 2025. This loss increased from Rs 1,299.40 crore in the previous fiscal year. Despite this, the company is heavily investing in expanding its presence in India.
The revenue from operations for Ikea India decreased by 3.33% to Rs 1,749.50 crore in FY25, down from Rs 1,809.80 crore in FY24. The total income, including other sources, also fell by 3.9% to Rs 1,780.10 crore during the year.
In its efforts to strengthen its brand and boost sales, Ikea India ramped up its spending on advertising and sales promotion. The company’s advertising and promotional expenses surged by 14.06% to Rs 223.9 crore in FY25, compared to Rs 196.3 crore in the previous year.
Ikea India’s total borrowings saw a significant rise as well, reaching Rs 8,335.20 crore in FY25, up from Rs 7,060.00 crore in FY24 and Rs 5,709.90 crore in FY23. The company, backed mainly by Ingka Holding Overseas BV, Netherlands, currently operates multiple stores in India and plans further expansion in the National Capital Region.
