Four retail-tech stocks in focus as India's retail market races toward 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. 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. Analysis spotlights four retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal's Q3 FY26 revenue rose 201.9% YoY with quick commerce reaching breakeven.
Why this matters
Reinforces the recurring theme of Eternal and Nykaa leading retail-tech picks as India's market nears Rs 215 trillion, echoing Axis Securities' backing of Eternal among top retail plays.
Retail-company signals are accelerating, up +537700% QoQ.