Eternal, Nykaa and Delhivery Q3 growth resurfaces as India retail targets Rs 215T by 2035
Resurfacing a Q3 FY26 update: India's retail market is projected to reach Rs 210-215 trillion by 2035, versus Rs 90-95 trillion in 2025. In that quarter, Eternal reported Rs 16,315 crore revenue, Nykaa added 11 stores to reach 276, and Delhivery's service revenue rose 18% year on year.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal reported rapid Q3 FY26 growth and quick-commerce breakeven, while Nykaa expanded its store network and Delhivery grew service revenue, highlighting retail-tech platforms’ role in digital commerce.
Why this matters
The update extends Eternal’s recent Q3 pattern: its December report showed 202% revenue growth and quick-commerce breakeven, while related signals tracked India retail’s path toward Rs 215 trillion by 2035.
Retail-company signals are accelerating, up +1127000% QoQ.