Ikea Expands with Online and Offline Growth Strategy

04 Mar 2025 CW Team

Swedish furniture giant Ikea is intensifying its India presence through a mixed expansion strategy, combining online sales in 10 cities and new physical stores in key metro markets. Ikea India CEO Susanne Pulverer confirmed the company’s focus on growth and its pursuit of profitability in the coming years.

The company has already launched online sales in cities like Delhi-NCR, Amritsar, Chandigarh, Jaipur, Kanpur, Lucknow, Ludhiana, Varanasi, Agra, and Prayagraj, with online revenue contributing 30% of its total sales.

Ikea is also strengthening its offline footprint with plans to open two full-sized stores in Delhi-NCR — one in Gurugram by 2026 and another in Noida by 2028 — adding to its existing stores in Hyderabad, Mumbai, and Bengaluru. Future store openings in Pune and Chennai are also on the horizon, though the timelines are yet to be finalised.

In addition, Ingka Centres, part of Ikea’s parent Ingka Group, is investing €1 billion to develop two commercial hubs under the 'Lykli' brand in Gurugram and Noida. These centres will feature hotels, offices, and smaller Ikea anchor stores, enhancing the company’s physical presence.

Unlike its larger-format stores in Bengaluru (460,000 sq ft), Hyderabad (480,000 sq ft), and Navi Mumbai (530,000 sq ft), the new Gurugram and Noida stores will be compact, ranging between 200,000 to 250,000 sq ft, optimising costs while maintaining the complete Ikea experience.

Despite its expansion, Ikea India reported a wider loss of Rs 12.99 billion in FY24, though revenue grew 4.5% year-on-year to Rs 18.09 billion. Pulverer emphasised the company’s commitment to affordability and its investment in scaling operations, with profitability expected as the business grows.

(FE)

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..