Eternal, Nykaa, Delhivery, IndiaMART post strong Q3 as India retail eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market reaching Rs 215 trillion by 2035, framing four retail-tech names as key watchlist plays. Eternal (Zomato) revenue surged 201.9% YoY to Rs 16,315 crore; Nykaa grew 27% to Rs 2,873 crore across 276 stores in 94 cities; Delhivery rose 18% to Rs 2,798 crore.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Four retail-tech stocks—Eternal, Nykaa, Delhivery, IndiaMART—report Q3 FY26 results, with strong revenue and profit growth, store expansion, and quick-commerce momentum.
Why this matters
Eternal's 201.9% YoY revenue jump anchors a cohort of retail-tech names posting strong Q3 numbers, positioning them against a Rs 215 trillion India retail market forecast for 2035.
Retail-company signals accelerating, up 891700% QoQ.