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 at Rs 210-215 trillion by 2035, spotlighting enablers Eternal/Zomato, Nykaa, Delhivery and IndiaMART. Eternal posted Q3 FY26 revenue of Rs 16,315 cr (+201.9% YoY); Nykaa revenue Rs 2,873 cr (+27%) with profit up 156%; Delhivery revenue Rs 2,798 cr (+18%).
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Article profiles four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—citing strong Q3 FY26 earnings, quick-commerce breakeven, store expansions and margin gains.
Why this matters
The BCG-RAI Rs 215 trillion projection frames Eternal as a lead retail-tech enabler, backed by Q3 FY26 revenue of Rs 16,315 cr and 201.9% YoY growth outpacing peers Nykaa and Delhivery.
Retail-company theme accelerating at +763400% QoQ.