Eternal and Nykaa report Q3 FY26 growth as quick commerce and omnichannel retail scale
Eternal reported Q3 FY26 revenue of Rs 16,315 crore, up 201.9% year on year, alongside margin gains in quick commerce. Nykaa’s revenue rose 27% to Rs 2,873 crore as it expanded stores, rapid delivery and its B2B platform.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal’s quick-commerce-led Q3 FY26 growth and Nykaa’s store, rapid-delivery and B2B expansion highlight retail-tech scale and margin trends.
Why this matters
The results build on Eternal’s January 2026 update that cited 200-plus new stores and 202% Q3 revenue growth, while reinforcing the recent signal that Eternal and Nykaa are pairing digital growth with wider physical retail.
Retail-company signals are accelerating, up 1,111,000% QoQ.