Zomato, Nykaa lead retail-tech rally, resurfacing an April 2026 report projecting India's market toward Rs 215 trillion by 2035
Resurfacing an April 2026 BCG-RAI report pegging India's retail market at Rs 210-215 trillion by 2035. Q3 FY26 earnings had shown momentum: Eternal (Zomato) revenue up 201.9% YoY to Rs 16,315 crore, Nykaa profit up 156% to Rs 68 crore across 276 stores in 94 cities, and Delhivery revenue up 18% to ~Rs 2,798 crore.
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, covering Q3 FY26 earnings, quick commerce breakeven, store expansions and margin gains.