Eternal, Nykaa lead retail-tech watchlist as India market eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market to nearly double from Rs 90-95 trillion in 2025 to Rs 215 trillion by 2035. Four enablers stand out: Eternal posted Q3 FY26 revenue of Rs 16,315 crore (+201.9% YoY) and net profit of Rs 102 crore, with quick commerce nearing breakeven at 90 bps contribution margin.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Analysis of four retail-tech enablers—Eternal, Nykaa, Delhivery, IndiaMART—highlights Eternal's Q3 FY26 revenue up 202% and quick commerce reaching breakeven.