India retail is projected to top Rs 210 trillion by 2035, resurfacing an April 2026 focus on retail-tech platforms
A Financial Express analysis from April 2026, now resurfacing, flags Eternal, Nykaa, Delhivery and IndiaMART as enablers of India’s expanding retail market. Eternal reported Q3 FY26 revenue growth of 201.9% year on year, while Nykaa’s revenue rose 27% and Delhivery’s services revenue grew about 18%.
India’s retail market could more than double to Rs 210-215 trillion by 2035. The analysis highlights Eternal, Nykaa, Delhivery and IndiaMART as retail-tech enablers, citing Eternal’s quick-commerce breakeven progress, Nykaa’s store and rapid-delivery expansion, and Delhivery’s profitable growth.
Why this matters
The signal follows coverage of Eternal and Nykaa accelerating as India’s retail market eyes Rs 215 trillion by 2035, and Eternal’s Q3 revenue tripling as quick-commerce margins improved.
retail-company is accelerating, up 936600% QoQ.