Eternal, Nykaa, Delhivery post strong Q3 FY26 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, scaling to Rs 210-215 trillion by 2035. Retail-tech names lead: Eternal revenue up 201.9% YoY to Rs 16,315 crore, Nykaa profit up 156% to Rs 68 crore, Delhivery profit at Rs 110 crore. Quick commerce nears breakeven amid store expansion.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Profiles four retail-tech stocks—Eternal (Zomato), Nykaa, Delhivery—with strong Q3 FY26 results, quick commerce breakeven, store expansion, and margin gains.
Why this matters
Eternal's 201.9% YoY revenue surge underscores retail-tech leadership as quick commerce approaches breakeven, aligning with a decade-long market expansion to Rs 215 trillion.
Retail-company signals accelerating, up 851900% QoQ.