Eternal, Nykaa and Delhivery post Q3 FY26 gains as India retail-tech scales
Eternal reported Q3 FY26 revenue of ₹16,315 crore, up 201.9% year-on-year, while Nykaa’s revenue rose 27% to ₹2,873 crore as its store network reached 276 locations. Delhivery’s services revenue grew 18% to about ₹2,798 crore amid projections that India’s retail market could reach ₹210–215 trillion by 2035.
India’s retail-tech ecosystem is gaining scale as the retail market could reach Rs 210-215 trillion by 2035. Eternal, Nykaa and Delhivery reported Q3 FY26 growth, with Eternal’s quick-commerce unit at breakeven and Nykaa expanding stores, rapid delivery and B2B distribution.
Why this matters
The results build on recent signals about Eternal’s 202% Q3 revenue jump and improving quick-commerce margins, alongside projections of India’s retail market reaching ₹210–215 trillion by 2035.
retail-company is accelerating, up 199586% QoQ.