Four retail-tech stocks in focus as India's retail market 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. Analysts spotlight Eternal (Zomato), Nykaa, Delhivery and IndiaMART as key enablers, with Zomato posting Q3 FY26 revenue of Rs 16,315 crore (up 201.9% YoY) and quick commerce hitting breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Analysis spotlights four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—with Zomato reporting Q3 FY26 revenue of Rs 16,315 crore and quick commerce reaching breakeven.
Why this matters
Eternal (Zomato) is positioned as a lead enabler of India's retail expansion, with Q3 FY26 revenue up 201.9% YoY and quick commerce reaching breakeven amid a projected Rs 215 trillion market by 2035.
Retail-company signals accelerating at +607000% QoQ.