India's retail market could reach Rs 210–215 trillion by 2035 — resurfacing a late-2025 projection
India's retail market is estimated at Rs 90–95 trillion in 2025 and could more than double by 2035, supporting retail-tech and logistics players. Resurfacing Eternal's late-2025 Q3 FY26 report, revenue came in at Rs 16,315 crore, up 201.9% year on year, alongside sequential quick-commerce margin gains.
India’s retail market could more than double to Rs 210-215 trillion by 2035, supporting technology and logistics investment. Eternal reported sharp Q3 FY26 growth, quick-commerce breakeven and over 200 net new stores, while Nykaa, Delhivery and IndiaMART represent other retail-tech segments.
Why this matters
The signal follows reports that Eternal and Nykaa posted Q3 gains as India’s retail market approached Rs 215 trillion, and that Eternal’s Q3 revenue more than tripled as quick-commerce margins improved.
retail-company is accelerating, up 226983% QoQ.