Eternal, Nykaa Q3 tech surge resurfaces as India retail eyes Rs 215 trillion by 2035
Resurfacing a late-January 2026 BCG-RAI report projecting India's retail market reaching Rs 215 trillion by 2035, spotlighting four tech enablers. Eternal (Zomato) posted Q3 FY26 revenue of Rs 16,315 cr (+201.9%), Nykaa's net profit jumped 156% to Rs 68 cr, and Delhivery grew revenue 18% to Rs 2,798 cr, signaling quick-commerce and omni-channel momentum.
BCG-RAI report projects India retail hitting Rs 215 trillion by 2035. Analysis of four retail-tech enablers: Eternal (Zomato), Nykaa, Delhivery, IndiaMART, with strong Q3 FY26 earnings, quick-commerce breakeven, store expansion, and B2B growth.
Why this matters
Eternal's triple-digit revenue growth, alongside Nykaa's profit surge and Delhivery's expansion, signals quick-commerce and omni-channel momentum underpinning India's projected Rs 215 trillion retail market by 2035.
Retail-company signals accelerating, up 895800% QoQ.