Four retail-tech stocks in focus as India's retail market races toward Rs 215 trillion by 2035
A BCG-RAI report pegs India's retail market at Rs 90-95 trillion in 2025, scaling to Rs 215 trillion by 2035. Analysts flag Eternal (Zomato), Nykaa, Delhivery and IndiaMART as enablers. Eternal's Q3 FY26 revenue jumped 201.9% YoY to Rs 16,315 crore, with quick commerce hitting breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Audit of four retail-tech enablers: Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal posted strong Q3 FY26 growth with quick commerce reaching breakeven.
Why this matters
Eternal features in a BCG-RAI retail growth outlook after posting Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore and reaching quick commerce breakeven, positioning it as a core enabler of India's retail expansion.
Retail-company signals are accelerating, up +731800% QoQ.