India's retail market to hit Rs 215 trillion by 2035; Eternal, Nykaa lead Q3 FY26 growth
A BCG-RAI report projects India's retail market reaching Rs 215 trillion by 2035. Four retail-tech enablers post strong Q3 FY26 results: Eternal revenue up 201.9% YoY to Rs 16,315 crore, Nykaa profit up 156% to Rs 68 crore, and Delhivery revenue up 18% to Rs 2,798 crore.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035. Four retail-tech enablers profiled with Q3 FY26 results: Eternal, Nykaa, Delhivery, IndiaMART—showing revenue and profit growth driven by quick commerce, digital platforms, and logistics.
Why this matters
Eternal's 201.9% YoY revenue jump positions it among retail-tech enablers riding India's projected Rs 215 trillion retail expansion, alongside Nykaa and Delhivery Q3 FY26 gains.
Retail-company signals accelerating at +717600% QoQ.