India retail to hit Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART in focus
A BCG-RAI report projects India's retail market to more than double from Rs 90-95 trillion in 2025 to Rs 215 trillion by 2035. Four retail-tech enablers are spotlighted, led by Eternal (Zomato) with Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore and quick commerce nearing breakeven.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Analysis spotlights four retail tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—with Eternal's Q3 FY26 revenue up 201.9% and quick commerce reaching breakeven.
Why this matters
Eternal leads four retail-tech enablers cited in the BCG-RAI outlook, with Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore and quick commerce approaching breakeven as India's retail market scales toward Rs 215 trillion.
Retail-company signals accelerating, up 639500% QoQ.