Zomato, Nykaa lead Q3 FY26 retail-tech surge as India market eyes Rs 215 trillion
Four listed retail enablers post strong Q3 FY26: Eternal/Zomato revenue up 201.9% YoY to Rs 16,315 crore with quick commerce at breakeven; Nykaa revenue up 27% to Rs 2,873 crore and net profit up 156%, now 276 stores across 94 cities; Delhivery revenue up ~18%. India's retail market projected at Rs 210-215 trillion by 2035.
Q3 FY26 audit of four Indian retail-tech enablers—Eternal/Zomato, Nykaa, Delhivery, IndiaMART—as India's retail market is projected to hit Rs 215 trillion by 2035. Eternal's quick commerce hit breakeven; Nykaa expanded stores and launched perfumery and 30-min delivery.