Eternal, Nykaa, Delhivery, IndiaMART flagged as retail-tech plays on India's Rs 215T market runway
A BCG-RAI report projects India's retail market will nearly double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Eternal (Zomato) led the pack with Q3 FY26 revenue up 202% YoY to Rs 16,315 crore and net profit up 103% to Rs 102 crore, as quick commerce hit breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Audit covers four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal Q3 FY26 revenue rose 202% YoY; quick commerce hit breakeven with margin gains.