India’s retail market could reach ₹210–215 trillion by 2035, resurfacing focus on retail-tech stocks from a February 2026 report
Resurfacing a February 2026 analysis, Financial Express highlighted Eternal, Nykaa, Delhivery and IndiaMART as retail-tech plays as India’s retail market is projected to grow from an estimated ₹90–95 trillion in 2025. Eternal reported Q3 FY26 revenue of ₹16,315 crore, with quick commerce reaching breakeven.
India’s retail market could reach Rs 210-215 trillion by 2035. The report highlights Eternal, Nykaa, Delhivery and IndiaMART as retail-tech plays; Eternal’s Q3 FY26 revenue rose 201.9% as quick commerce reached breakeven and it added over 200 stores.
Why this matters
The report adds a retail-market growth lens to recent Eternal signals on Q3 revenue rising 202% and quick commerce reaching breakeven, including resurfaced December and January disclosures.
Retail-company signals are accelerating, up +975700% QoQ.