Eternal, Nykaa, Delhivery in focus as India retail market eyes Rs 215 trillion by 2035
A BCG-RAI report pegs India's retail market at Rs 90-95 trillion in 2025, doubling to Rs 210-215 trillion by 2035. Q3 FY26 fundamentals show Eternal revenue up 201.9% YoY to Rs 16,315 cr, Nykaa net profit up 156% to Rs 68 cr with 276 stores across 94 cities, and Delhivery revenue up 18%.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Analysis of Q3 FY26 fundamentals for retail-tech enablers: Eternal (Zomato/Blinkit), Nykaa, and Delhivery, covering revenue growth, profitability, store expansion and quick commerce breakeven.