Eternal, Nykaa lead retail-tech pack as India's market races toward Rs 215 trillion
Q3 FY26 results show Eternal revenue up 201.9% YoY to Rs 16,315 crore with quick commerce hitting breakeven, while Nykaa lifted net profit 156% to Rs 68 crore on 45.2% gross margin. Shares rallied 13.5% and 31.7% respectively as India's retail market is projected to hit Rs 215 trillion by 2035.
India's retail market projected to hit Rs 215 trillion by 2035. Retail-tech enablers Eternal (Zomato), Nykaa, Delhivery, IndiaMART reviewed on Q3 FY26 results; Eternal's quick commerce hit breakeven, Nykaa expanded margins and stores.