Eternal, Nykaa, Delhivery, IndiaMART flagged as retail-tech plays on India's Rs 215-trillion market
A BCG-RAI report projects India's retail market to grow from Rs 90-95 trillion in 2025 to Rs 215 trillion by 2035. Four retail-tech enablers covered on Q3 FY26 results, with Eternal's quick commerce hitting breakeven—revenue up 201.9% YoY to Rs 16,315 crore and net profit up 102.9% to Rs 102 crore.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—covered with Q3 FY26 financials; Eternal's quick commerce reached breakeven with strong revenue and profit growth.
Why this matters
Eternal's Q3 FY26 marks quick commerce breakeview as a BCG-RAI report frames it alongside Nykaa, Delhivery and IndiaMART as key beneficiaries of India's projected Rs 215-trillion retail market by 2035.
Retail-company signals accelerating at +641900% QoQ.