India's retail market to hit Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART in focus
Four retail tech enablers audited on Q3 FY26 fundamentals as India's retail market is projected to more than double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Eternal leads with revenue up 201.9% YoY to Rs 16,315 crore and quick commerce nearing breakeven.
India's retail market projected to hit Rs 215 trillion by 2035. Article audits four retail tech enablers—Zomato/Eternal, Nykaa, Delhivery, IndiaMART—on Q3 FY26 fundamentals. Eternal posts strong revenue growth with quick commerce reaching breakeven and 200+ net stores added.