Eternal, Nykaa lead retail-tech pack as India's market races toward Rs 215 trillion by 2035
A BCG-RAI report pegs India's retail market at Rs 215 trillion by 2035, nearly doubling from Rs 90-95 trillion in 2025. Four enablers—Eternal (Zomato), Nykaa, Delhivery and IndiaMART—posted strong Q3 FY26 results, with Eternal's revenue up 201.9% YoY and Nykaa net profit surging 156%.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Article audits four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—covering Q3 FY26 earnings, store expansion, quick commerce breakeven, and share-price performance.