India retail market could reach ₹215 trillion by 2035 as retail-tech firms post Q3 gains
Financial Express flags Eternal, Nykaa, Delhivery and IndiaMART as retail-tech plays tied to India’s expanding retail market. Eternal reported Q3 FY26 revenue of ₹16,315 crore, while Nykaa’s revenue rose 27% to ₹2,873 crore and Delhivery’s services revenue grew about 18%.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal achieved quick-commerce breakeven and added 200-plus stores, while Nykaa expanded its omnichannel and rapid-delivery network. Delhivery posted 18% services-revenue growth in Q3 FY26.
Why this matters
The signal extends recent Eternal updates covering its 202% Q3 FY26 revenue jump, 200+ net store additions and quick commerce nearing breakeven, placing the company within broader retail-tech growth expectations.
Retail-company signals are accelerating, up 386700% quarter over quarter.