Four retail-tech stocks to watch as India's retail market races toward Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market roughly doubling from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Analysts spotlight enablers Eternal (Zomato), Nykaa, Delhivery and IndiaMART. Eternal posted Q3 FY26 revenue of Rs 16,315 crore, up 201.9% YoY, with quick commerce reaching breakeven and shares up 13.5%.
BCG-RAI report projects India's retail market at Rs 210-215 trillion by 2035. Analysis spotlights four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART. Eternal posted 201.9% revenue growth in Q3 FY26 with quick commerce reaching breakeven.