Eternal, Nykaa and Delhivery's Q3 FY26 retail-tech growth resurfaces from an April 2026 update
Resurfacing an April 2026 report: Eternal posted 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. Delhivery's services revenue grew about 18% to Rs 2,798 crore as India's retail market is projected to reach Rs 210-215 trillion by 2035.
India’s retail market could reach Rs 210-215 trillion by 2035. A retail-tech stock review highlights Q3 FY26 performance at Eternal, Nykaa and Delhivery, including quick-commerce breakeven, Nykaa’s store and rapid-delivery expansion, and logistics growth.
Why this matters
The update follows signals that Eternal’s quick-commerce unit broke even after adding 200+ stores in Q3 FY26, and that Eternal and Nykaa posted strong Q3 FY26 growth as the retail-tech outlook expanded.
Retail-company signals are accelerating, with the theme up 218833% QoQ.