Eternal, Nykaa lead retail-tech watchlist as India market eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market doubling to Rs 215 trillion by 2035 from Rs 90-95 trillion in 2025. Q3 FY26 numbers underscore momentum: Eternal revenue up 201.9% YoY to Rs 16,315 crore, Nykaa revenue up 27% to Rs 2,873 crore with net profit up 156% and 45.2% gross margin across 276 stores in 94 cities.
BCG-RAI report projects India retail market at Rs 215 trillion by 2035. Feature spotlights four retail-tech stocks—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—with Q3 FY26 earnings, quick-commerce breakeven, store expansions and margin gains.