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 nearly doubling to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART are flagged to watch. Eternal's Q3 FY26 revenue surged 201.9% to Rs 16,315 crore as quick commerce hit breakeven.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—highlighted. Eternal's Q3 FY26 revenue jumped 201.9% to Rs 16,315 crore with quick commerce reaching breakeven.
Why this matters
Eternal (Zomato) is positioned as a key enabler of India's retail expansion, with Q3 FY26 revenue up 201.9% to Rs 16,315 crore and quick commerce reaching breakeven.
Retail-company signals accelerating at +787300% QoQ.
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