Eternal, Nykaa, Delhivery post strong Q3 FY26 as India retail eyes Rs 215 trillion by 2035
A BCG-RAI report pegs India's retail market at Rs 90-95 trillion in 2025, rising to Rs 210-215 trillion by 2035. Retail-tech names are riding the wave: Eternal revenue Rs 16,315 crore (+201.9% YoY), Nykaa Rs 2,873 crore (+27%) with net profit up 156%, and Delhivery Rs 2,798 crore (+18%). Store expansion and quick-commerce breakeven anchor the momentum.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035, highlighting retail-tech stocks Eternal, Nykaa, Delhivery and IndiaMART with strong Q3 FY26 earnings, store expansion and quick-commerce breakeven.
Why this matters
Eternal's Q3 FY26 print alongside Nykaa and Delhivery marks a broad retail-tech upswing, with quick-commerce breakeven and store expansion signaling structural gains across India's retail landscape.
Retail-company signals accelerating, up 778000% QoQ.