India retail to hit Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART flagged as enablers
A BCG-RAI report projects India's retail market growing from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035, spotlighting four retail-tech players. Eternal's Q3 FY26 shows quick-commerce breakeven with 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, spotlighting four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART. Eternal's Q3 FY26 shows quick commerce breakeven, 201.9% revenue growth, and continued dark-store expansion.
Why this matters
Eternal's Q3 FY26 quick-commerce breakeven and 201.9% revenue growth position it as a structural beneficiary of India's projected retail expansion to Rs 215 trillion by 2035.
Retail-company signals accelerating, up 722700% QoQ.