Furniture | inves4: Indian Equity Investing

IKEA eyes India profitability in two years on revenue, footprint expansion

IKEA India saw its 2024-25 revenue grow on the back of strong demand for affordable furniture, robust online sales, and steady growth in its business-to-business segment. The Swedish furniture maker, which follows its parent Ingka Group’s September-August fiscal year, reported a 6% year-on-year rise in sales to ₹1,860.8 crore, said a company statement on Tuesday. … Read more

Supreme Industries

Sheela Foam announces two strategic investments

1. 94.66% acquisition of established competitor mattress company ‘Kurlon‘ Cash consideration of Rs 2,035 cr implying a valuation of Rs 2,150 cr Transaction to be completed by November 30, 2023 Kurlon’s revenues: FY 2019-20: Rs 995.56 cr FY 2020-21: Rs 767.25 cr FY 2021-22: Rs 808.80 cr FY 2022-23: awaited EBITDA margins have declined from … Read more