Zomato to Nykaa: 4 retail-tech stocks in focus as India eyes Rs 215 trillion retail market
As India's retail market projects to Rs 215 trillion by 2035, four enablers post strong Q3 FY26 results. Eternal (Zomato) revenue jumped 201.9% YoY to Rs 16,315 crore; Nykaa revenue rose 27% to Rs 2,873 crore with net profit up 156% and 276 stores across 94 cities. Delhivery and IndiaMART round out the watchlist.
Analysis of four Indian retail-tech enablers—Eternal (Zomato), Nykaa, Delhivery, IndiaMART—as India's retail market projects to Rs 215 trillion by 2035. Covers Q3 FY26 earnings, quick commerce breakeven, store expansions, and Nykaa Perfumery/Nykaa Now launches.