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Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to Rs 1,299.4 crore in FY24, according to an RoC filing by the company, a step-down unit of Netherlands-based Ingka Holdings. Its revenue from operations was at Rs 1,809.8 crore, up 4.5 per cent in the financial year that ended on March 31, 2024, according to financial data accessed through business intelligence platform Tofler. Total income of Ikea India Pvt Ltd was also up 5.12 per cent to Rs 1,852.7 crore in FY24. Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore a year earlier. According to the company, the increase in loss is largely due to investments towards expansion towards omnichannel growth. "IKEA India maintained solid sales growth despite no price increase and lowering the prices on certain products in FY24. Our losses largely reflect the investment we are making towards our omnichannel growth," said an Ikea spokesperson. Ikea .