Eternal and Nykaa post strong Q3 FY26 gains as India retail eyes a ₹210–215 trillion market by 2035
Eternal reported ₹16,315 crore in Q3 FY26 revenue, up 201.9% year-on-year, while Nykaa’s revenue rose 27% to ₹2,873 crore and profit climbed 156%. Nykaa added 11 stores, taking its network to 276 across 94 cities; Delhivery’s services revenue grew about 18%.
India’s retail market could reach Rs 210–215 trillion by 2035. Q3 FY26 results highlighted Eternal’s quick-commerce-led revenue growth and breakeven, Nykaa’s profit, store and rapid-delivery expansion, and Delhivery’s 18% services-revenue growth.
Why this matters
The results extend recent signals of Eternal’s Q3 revenue rising about 202% as quick commerce reached breakeven and margins improved, placing Nykaa’s store expansion alongside broader retail-company momentum.
Retail-company is accelerating, with theme activity up 1,022,100% quarter-on-quarter.