India retail to hit Rs 215 trillion by 2035, lifting Eternal, Nykaa, Delhivery, IndiaMART
A BCG-RAI report projects India's retail market to reach Rs 210-215 trillion by 2035, up from Rs 90-95 trillion in 2025, shifting value toward tech enablers. Eternal (Zomato) leads with Q3 FY26 revenue of Rs 16,315 crore (+201.9% YoY) and quick commerce nearing breakeven.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035, shifting value to tech enablers. Highlights four retail-tech stocks—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—with Eternal posting strong Q3 FY26 growth and quick commerce breakeven.
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