City
Epaper

IKEA India reports 10% growth in FY ending August 2025, pilots new store format for expansion

By ANI | Updated: August 21, 2025 12:50 IST

Almhult [Sweden] August 21 : IKEA India's operations recorded a growth of 10 per cent year-on-year in the ending ...

Open in App

Almhult [Sweden] August 21 : IKEA India's operations recorded a growth of 10 per cent year-on-year in the ending of August, 2025, according to Tolga Oncu, Ingka Retail Manager, Ingka Group, IKEA.

Oncu, who is part of the Ingka Group, said the company in India is already working with a simplified expansion approach that focuses on cost consciousness and operational efficiency.

He noted that the company will continue to refine and adapt these principles to suit the Indian market, taking into account the learnings from the new format pilots. The aim is to make IKEA more accessible and efficient for Indian customers.

"We will continue to refine and adapt these principles to suit the Indian market based on the learnings of the new format pilots to make IKEA more accessible and efficient in India," Oncu stated.

As part of this plan, IKEA is piloting a new store format that merges with its omnichannel offerings. This new approach is one of many customer meeting point formats being tested around the world. If the pilot proves successful, it could play a key role in IKEA's strategy of expansion and accessibility in India.

The company is currently testing smaller, more agile store models in select markets, including the UK, Texas, and Poland.

According to IKEA, these new models are designed to be faster and more cost-effective to open while still offering thousands of products along with planning services. The smaller format is expected to create a simpler and more efficient shopping experience for customers.

Initial feedback from these pilot stores has been encouraging. IKEA believes that the format has strong potential to help the company expand into new locations and bring its products and services closer to more people.

The goal of this initiative is to make IKEA more accessible to a wider audience without compromising on product variety or customer support.

Oncu further mentioned that the company is in the process of gathering learnings and results from these pilot projects. IKEA expects to have a clearer picture of the effectiveness of the new format by the end of the year.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentDhurandhar 2 Box Office Collection Day 24: Ranveer Singh’s Film Sees Massive Jump, Crosses Rs 1,068 Crore in India; Check Day-Wise Earnings Report

CricketIPL 2026: Samson, Overton shine as CSK secure first win of season, beat DC by 23 runs

Other SportsIPL 2026: Samson, Overton help CSK beat DC by 23 runs, get first win of the season

CricketIPL 2026 Standings: Updated Points Table After Chennai Super Kings vs Delhi Capitals​​​​​​​ Match

Other SportsCM Stalin watches IPL match amid intense poll campaign in TN

Business Realted Stories

BusinessIndia's marine product exports reach Rs 62,408 crore in 2024-25, exporters urged to work towards Rs 1 lakh crore target

BusinessDelhi BJP chief Virendra Sachdeva welcomes draft EV policy

BusinessIndia turns crisis into opportunity by augmenting strategic petroleum reserve capacities, diversifying imports

BusinessAIDA urges Centre to roll out ethanol-based cooking nationwide to cut reliance on imported LPG

BusinessGovt raises diesel duties, hikes ATF levy with immediate effect