Eternal, Nykaa lead retail-tech charge as India's market eyes Rs 215 trillion by 2035
Q3 FY26 results show Eternal (Zomato) revenue up 201.9% YoY to Rs 16,315 crore with quick commerce nearing breakeven, while Nykaa's net profit jumped 156% to Rs 68 crore. A BCG-RAI report projects India's retail market at Rs 210-215 trillion by 2035, spotlighting Delhivery and IndiaMART as stocks to watch.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Q3 FY26 results show Eternal (Zomato) quick commerce hitting breakeven and Nykaa scaling owned brands, stores, and Nykaa Now quick delivery.
Why this matters
Eternal's Q3 FY26 print anchors a broader retail-tech surge, with Nykaa's profit jump and a BCG-RAI forecast reframing India's retail scale over the next decade.
Retail-company signals accelerating, up 741,200% QoQ.