India's retail market to hit Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART in focus
A BCG-RAI report projects India's retail market more than doubling to Rs 215 trillion by 2035 from Rs 90-95 trillion in 2025. Four retail-tech stocks are flagged as watch candidates, led by Eternal, whose Q3 FY26 revenue surged 201.9% YoY to Rs 16,315 crore as quick commerce neared breakeven.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Analysis highlights four retail-tech stocks—Zomato/Eternal, Nykaa, Delhivery, IndiaMART—with Eternal's Q3 FY26 quick commerce reaching breakeven and revenue up 201.9% YoY.
Why this matters
Eternal anchors a four-stock retail-tech watchlist as India's retail market is set to more than double by 2035, with its 201.9% YoY revenue surge and quick commerce nearing breakeven signaling sector momentum.
Retail-company signals accelerating sharply at +439900% QoQ.