Eternal, Nykaa lead retail-tech pack as India's market eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market more than doubling to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Four enablers stand out: Eternal's revenue jumped 201.9% YoY to Rs 16,315 cr, while Nykaa posted 27% revenue growth and a 156% profit surge to Rs 68 cr, backed by 276 stores across 94 cities.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Analysis spotlights four retail-tech enablers — Eternal, Nykaa, Delhivery, IndiaMART — with Q3 FY26 earnings, quick commerce breakeven, store expansion, and owned-brand growth.
Why this matters
Reinforces Eternal and Nykaa's repeated Q3 FY26 leadership in retail-tech, echoing prior signals on the four stocks driving India's Rs 215 trillion retail trajectory by 2035.
Retail-company signals accelerating, up 453500% QoQ.