Eternal, Nykaa lead 4 retail-tech stocks to watch as India retail heads to Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market swelling from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Analysis flags Eternal (Zomato), Nykaa, Delhivery and IndiaMART as key enablers. Eternal's Q3 FY26 revenue jumped 201.9% YoY to Rs 16,315 crore, with quick commerce hitting breakeven.
BCG-RAI report projects India retail hitting Rs 215 trillion by 2035. Analysis profiles four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal Q3 FY26 revenue rose 201.9% to Rs 16,315 crore; quick commerce reached breakeven.
Why this matters
Eternal leads a cohort of retail-tech enablers positioned to capture India's retail expansion, backed by 201.9% YoY revenue growth and quick commerce breakeven in Q3 FY26.
Retail-company signals accelerating at +577300% QoQ.