Four retail-tech stocks in focus as India's retail market projected to hit Rs 215 trillion by 2035
A BCG-RAI report pegs India's retail market at Rs 210-215 trillion by 2035, up from Rs 90-95 trillion in 2025, powered by digital enablers. Analysts spotlight Eternal (Zomato), Nykaa, Delhivery and IndiaMART, with Eternal's Q3 FY26 quick commerce reaching breakeven and revenue up 201.9% YoY to Rs 16,315 crore.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035, driven by digital enablers. Analysis covers four retail tech stocks—Eternal, Nykaa, Delhivery, IndiaMART—with Eternal's Q3 FY26 quick commerce reaching breakeven.
Why this matters
Eternal (Zomato) is positioned as a lead beneficiary of India's projected retail expansion, with Q3 FY26 revenue up 201.9% YoY and quick commerce hitting breakeven, alongside Nykaa, Delhivery and IndiaMART.
Retail-company theme accelerating at +644000% QoQ.