Eternal, Nykaa lead retail-tech pack as India's market races toward Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market to nearly double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Q3 FY26 results show Eternal (Zomato) revenue up 201.9% YoY to Rs 16,315 cr and Nykaa net profit up 156% to Rs 68 cr, with Nykaa now spanning 276 stores across 94 cities.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035, driven by digital enablers. Analysis highlights Q3 FY26 results of Eternal (Zomato), Nykaa, Delhivery, and IndiaMART, with strong revenue and profit growth and store expansion.
Why this matters
Eternal's triple-digit revenue growth and Nykaa's profit surge signal retail-tech leaders capturing outsized share as India's market is set to nearly double by 2035.
Retail-company signals accelerating, up 844100% QoQ.