IKEA India Revenue Declined Slightly and Losses Widen in FY25
- brg_news_room
- 2 days ago
- 1 min read
India: IKEA India reported a slight decline in revenue for the fiscal year ending March 2025, with revenue from operations at US$ 193 million, down about 3.3% from the prior year. The company’s total losses widened to US$146 million, reflecting continued investment in expansion and infrastructure. Total income, including other sources, also fell nearly 4% for the year.
IKEA India increased its spending on advertising and promotional activities, and its total borrowings rose to support network expansion under an omnichannel strategy. The retailer currently operates multiple large stores and city outlets across major Indian cities, with ongoing plans for further physical and online presence growth.
Source: The Economic Times
