Eternal, Nykaa, Delhivery, IndiaMART eyed as India retail market races toward Rs 215 trillion
A BCG-RAI report projects India's retail market climbing from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Four retail-tech enablers post Q3 FY26 results, with Eternal/Zomato leading on 201.9% revenue growth to Rs 16,315 crore and quick commerce nearing breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Article evaluates four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—on Q3 FY26 results. Eternal posted 201.9% revenue growth, quick commerce reaching breakeven, with 200+ net stores added.
Why this matters
Eternal again leads a retail-tech watchlist alongside Nykaa, Delhivery and IndiaMART, echoing prior signals tying these enablers to India's Rs 215 trillion retail projection by 2035.
Retail-company theme accelerating at +425000% QoQ.