Eternal, Nykaa lead 4 retail-tech stocks to watch as India retail nears Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market to roughly double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART are in focus after strong Q3 FY26 prints—Eternal revenue up 201.9% YoY, Nykaa net profit up 156%.
BCG-RAI report projects India retail to hit Rs 215 trillion by 2035, spotlighting retail-tech enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART. Eternal and Nykaa posted strong Q3 FY26 growth, driven by quick commerce, owned brands and monetisation.