Zomato, Nykaa lead 4 retail-tech stocks in focus as India's retail market races to Rs 215 trillion
A BCG-RAI report projects India's retail market at Rs 210-215 trillion by 2035. In Q3 FY26, Eternal (Zomato) posted Rs 16,315 crore revenue (+201.9% YoY) and hit quick-commerce breakeven, while Nykaa grew revenue 27% to Rs 2,873 crore, lifted net profit 156% and expanded to 276 stores across 94 cities.
BCG-RAI report projects India's retail market at Rs 215 trillion by 2035. Analysis of four retail-tech enablers' Q3 FY26 results: Eternal (Zomato) hit quick-commerce breakeven, Nykaa added 11 stores and launched Nykaa Perfumery, plus Delhivery and IndiaMART.
Why this matters
Eternal (Zomato) reaching quick-commerce breakeven alongside 201.9% YoY revenue growth signals maturing profitability in India's retail-tech push toward a Rs 215 trillion market by 2035.
Retail-company signals accelerating at +791900% QoQ.