IKEA India FY20 loss widens to Rs 720 crore; net sales up 65% : Bulletin: Business Today
Business Today

IKEA India FY20 loss widens to Rs 720 crore; net sales up 65%

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Rashi Bisaria | December 26, 2020

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IKEA India FY20 loss widens to Rs 720 crore; net sales up 65%

Furniture retailer IKEA India has closed financial year 2019-20 with net loss of Rs 720.1 crore compared to a loss of Rs 685.4 crore in FY19, as per the regulatory document. IKEA is also investing in the online system and has the ambition to reach 100 million Indian customers by 2022 through its omnichannel approach.

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