Eternal and Nykaa pair digital growth with wider physical retail in Q3 FY26
Eternal reported Q3 FY26 revenue of Rs 16,315 crore, up 201.9% year on year, while Nykaa’s revenue rose 27% to Rs 2,873 crore. Both are widening their retail footprint: Eternal added 200+ net stores and Nykaa reached 276 stores across 94 cities.
Eternal and Nykaa reported strong Q3 FY26 growth as India’s retail market shifts toward discovery, platform and logistics technology. Eternal scaled quick commerce and added stores, while Nykaa expanded physical retail, rapid delivery, owned brands and B2B distribution.
Why this matters
The result extends Eternal's January 2026 update on 200+ stores added and follows its Q3 FY26 signal that revenue grew 201.9% as quick commerce reached breakeven, reinforcing its online-to-offline expansion.
Omni-channel is steady at 1,530 signals in 90 days; no QoQ comparison was supplied.