Zomato, Nykaa among 4 retail-tech stocks in focus as India retail eyes Rs 215 trillion by 2035
A BCG-RAI report projects India's retail market growing from Rs 90-95 trillion in 2025 to Rs 210-215 trillion by 2035. Eternal (Zomato) posted Q3 FY26 revenue of Rs 16,315 crore, up 201.9% YoY, with quick commerce nearing breakeven, 90 bps contribution margin expansion and 130 bps EBITDA improvement.
BCG-RAI report projects India's retail market hitting Rs 215 trillion by 2035. Analysis highlights four retail-tech stocks—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—with Zomato's quick commerce reaching breakeven and strong Q3 FY26 revenue growth.