Eternal, Nykaa Q3 numbers frame retail-tech watchlist as India's market eyes Rs 215 lakh crore by 2035
BCG-RAI projects India's retail sector more than doubling from Rs 90-95 trillion in 2025 to Rs 215 trillion by 2035. Eternal (Zomato) posted Rs 16,315 crore revenue, up 201.9% YoY, with Rs 102 crore net profit; Nykaa's revenue rose 27% YoY to Rs 2,873 crore across 276 stores in 94 cities.
BCG-RAI report projects India's retail market reaching Rs 215 trillion by 2035; article analyzes retail tech stocks Eternal (Zomato) and Nykaa's Q3 FY26 earnings and growth strategies.
Why this matters
Eternal's 201.9% YoY revenue jump and return to profit, alongside Nykaa's steady 27% growth, signal divergent retail-tech trajectories as India's overall market scales toward Rs 215 lakh crore by 2035.
Retail-company theme accelerating at +906100% QoQ, reflecting a surge in tracked retail-tech signals.