IKEA India net loss widens to ₹902 crore in FY22, sales up 77%

Swedish furniture retailer IKEA's Indian unit net loss widened to ₹902.8 crore in FY22 compared with ₹809.8 crore a year earlier, according to data platform Tofler. However, IKEA India reported a 77% increase in its net sales/revenue to ₹1,076.1 crore this year, compared with ₹607.7 crore a year earlier. The company's total income has risen to ₹1,125.5 crore in FY22.