India’s retail market is projected to more than double to Rs 210–215 trillion by 2035
A Financial Express analysis flags retail-tech momentum across Eternal, Nykaa, Delhivery and IndiaMART. Eternal reported 201.9% YoY Q3 FY26 revenue growth and added 200+ quick-commerce stores, while Nykaa expanded to 276 stores and lifted margins.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal reported rapid revenue growth and quick-commerce breakeven, while Nykaa expanded stores, margins and rapid delivery. Delhivery posted 18% services-revenue growth, highlighting retail-tech infrastructure momentum.
Why this matters
The projection follows Eternal’s Q3 FY26 signal of 201.9% revenue growth and quick-commerce breakeven, its 200+ store scale-up, and CCI clearance of its pricing model.
Retail-company signals are accelerating, up 1,063,100% quarter over quarter.