Ikea Faces Slow Growth and Rising Losses in India

Ikea Faces Slow Growth and Rising Losses in India

In the fiscal year 2023–2024 (August 1, 2023–September 30, 2024), Ikea’s operations in India recorded a modest 5% increase in revenue, hitting Rs 1,852 crore. This was the slowest expansion since the Swedish furnishings giant launched its first shop in the nation in...