Retail-tech quartet in focus as India market races toward Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market at Rs 215 trillion by 2035, spotlighting Eternal (Zomato), Nykaa, Delhivery and IndiaMART. Eternal's revenue jumped 201.9% YoY to Rs 16,315 crore with quick commerce hitting breakeven, while Nykaa grew revenue 27% to Rs 2,873 crore and net profit 156% as it scales 276 stores across 94 cities.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Analysis of four retail-tech stocks: Eternal (Zomato), Nykaa, Delhivery, IndiaMART. Eternal's quick commerce hit breakeven; Nykaa scaling stores, Nykaa Now, and owned brands.
Why this matters
Extends a run of signals flagging Eternal, Nykaa, Delhivery and IndiaMART as retail-tech enablers of India's Rs 215 trillion 2035 market, now with Eternal's 201.9% revenue jump and Nykaa's 156% profit growth.
retail-company theme accelerating, up 480700% QoQ.