Eternal and Nykaa post strong Q3 FY26 growth as India retail-tech outlook expands
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. The results come as India’s retail market is projected to reach Rs 210-215 trillion by 2035, underscoring the role of quick commerce, digital discovery and logistics platforms.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal, Nykaa, Delhivery and IndiaMART illustrate growing roles for quick commerce, digital discovery and logistics, with Eternal and Nykaa reporting strong Q3 FY26 revenue and profit growth.
Why this matters
Eternal’s Q3 growth follows signals that its quick-commerce unit reached breakeven after 200-plus store additions and that Q3 revenue surged. India’s retail market forecast highlights continued demand for quick commerce, digital discovery and logistics.
Retail-company signals are accelerating, up +218167% QoQ.