Nykaa, Eternal lead retail-tech pack as India's retail market eyes Rs 215 trillion by 2035
Four listed enablers post strong Q3 FY26 numbers. Eternal revenue jumps 201.9% YoY to Rs 16,315 crore; Nykaa net profit up 156% to Rs 68 crore on 27% revenue growth and 276 stores across 94 cities. Delhivery revenue climbs 18% to Rs 2,798 crore amid quick-commerce push and launches like Nykaa Perfumery and Nykaa Now.
Analysis of four Indian retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—amid projected Rs 215 trillion retail market by 2035. Covers Q3 FY26 earnings, store expansions, quick commerce breakeven, and new launches like Nykaa Perfumery and Nykaa Now.