India retail market seen reaching ₹210–215 trillion by 2035; Eternal posts strong Q3 FY26 growth
India’s retail market is estimated at ₹90–95 trillion in 2025 and could more than double by 2035. Eternal, formerly Zomato, reported Q3 FY26 revenue of ₹16,315 crore and net profit of ₹102 crore, while adding 200-plus net stores and improving quick-commerce margins.
India’s retail market could reach Rs 210-215 trillion by 2035. The report highlights Eternal, Nykaa, Delhivery and IndiaMART; Eternal posted strong Q3 FY26 growth, quick-commerce breakeven and over 200 net store additions amid continued competitive margin pressure.
Why this matters
Eternal’s results extend its recent pattern: quick commerce reached breakeven as Q3 revenue surged 202%, while another signal linked Eternal and Nykaa’s Q3 FY26 gains to broader retail-tech growth.
retail-company is accelerating, up 255280% QoQ.