Zomato, Nykaa lead 4 retail-tech stocks to watch as India retail market eyes Rs 215 trillion by 2035
Eternal (Zomato) posted revenue of Rs 16,315 crore, up 201.9% YoY, with net profit at Rs 102 crore. Nykaa revenue rose 27% to Rs 2,873 crore, net profit up 156% to Rs 68 crore across 276 stores in 94 cities. Shares surged 13.5% and 31.7% respectively amid quick-commerce breakeven and margin gains.
Analysis of four Indian retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—amid a projected Rs 215 trillion retail market by 2035. Covers Q3 FY26 earnings, quick commerce breakeven, store expansions and margin gains.
Why this matters
Eternal (Zomato) and Nykaa headline 4 retail-tech stocks as quick-commerce reaches breakeven and margins improve, positioning both against a Rs 215 trillion India retail opportunity by 2035.
Retail-company signals accelerating at +718500% QoQ.