Four retail-tech stocks in focus as India's market races toward Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market will more than double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. An audit of Eternal (Zomato), Nykaa, Delhivery and IndiaMART shows Q3 FY26 momentum, with Eternal's revenue up 201.9% YoY to Rs 16,315 crore and quick commerce reaching breakeven.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Audit of four retail-tech stocks—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—reviews Q3 FY26 financials, with Eternal's quick commerce reaching breakeven.
Why this matters
Eternal (Zomato) posts triple-digit revenue growth and quick commerce breakeven in Q3 FY26, positioning it among four retail-tech names to watch as India's retail market is projected to more than double by 2035.
Retail-company signals are accelerating, up 566700% QoQ.