Eternal, Nykaa post Q3 gains as India’s retail market eyes Rs 215 trillion
Eternal and Nykaa reported strong Q3 FY26 growth, while Delhivery and IndiaMART remain key retail-tech plays as India’s retail market is projected to reach Rs 210–215 trillion by 2035.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal, Nykaa, Delhivery and IndiaMART are highlighted as retail-tech plays, with Eternal and Nykaa reporting strong Q3 FY26 growth, expanding formats and improving profitability.
Why this matters
Eternal’s Q3 performance follows prior signals on revenue more than tripling, improving quick-commerce margins and the addition of 200+ stores. Nykaa’s Q3 growth reinforces broader retail-platform momentum.
Retail-company signals are accelerating, up 224083% QoQ.