Four retail-tech stocks in focus as India retail eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market growing from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART post strong Q3 FY26 numbers, with Eternal revenue up 201.9% YoY and Nykaa net profit up 156%.
BCG-RAI report projects India retail hitting Rs 215 trillion by 2035. Piece profiles four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—citing strong Q3 FY26 earnings, store expansion, quick commerce breakeven and share-price gains.
Why this matters
Reinforces the recent retail-tech watchlist narrative where Eternal and Nykaa lead enablers posting strong Q3 FY26 numbers as India's market races toward Rs 215 trillion by 2035.
retail-company theme accelerating at +561000% QoQ.