India retail market seen hitting Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART in focus
A BCG-RAI report projects India's retail market to more than double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Eternal (Zomato) leads the retail-tech pack with Q3 FY26 quick-commerce breakeven, revenue up 201.9% YoY to Rs 16,315 crore and net profit up 102.9% to Rs 102 crore.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Analysis of four retail-tech stocks—Eternal, Nykaa, Delhivery, IndiaMART—highlights Eternal's Q3 FY26 quick commerce breakeven and strong revenue growth.
Why this matters
Eternal's Q3 FY26 quick-commerce breakeven and 201.9% revenue growth position it as the frontrunner among India's retail-tech players as the sector heads toward a projected Rs 215 trillion market by 2035.
Retail-company signals accelerating, up 764900% QoQ.