Retail-tech enablers post strong Q3 FY26 as India's market races toward Rs 215 trillion
Four listed retail-tech players—Eternal (Zomato), Nykaa, Delhivery and IndiaMART—drew investor focus after Q3 FY26 results. Eternal led with revenue up 201.9% YoY to Rs 16,315 crore and net profit doubling to Rs 102 crore, as quick commerce hit breakeven and added 200+ net stores. India's retail market is projected to grow from Rs 90-95 trillion in 2025 to Rs 215 trillion by 2035.
India's retail market projected to hit Rs 215 trillion by 2035. Four retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—posted Q3 FY26 results; Eternal's revenue rose 202% with quick commerce reaching breakeven and 200+ net stores added.