Zomato to Nykaa: India's retail-tech stack posts Q3 gains as market eyes Rs 215 trillion
Q3 FY26 earnings roundup of India's retail-tech players. Eternal (Zomato/Blinkit) revenue jumped 201.9% YoY to Rs 16,315 cr; Nykaa profit surged 156% to Rs 68 cr on 27% revenue growth across 276 stores in 94 cities; Delhivery revenue rose 18%. Backdrop: India retail projected to hit Rs 215 trillion by 2035.
Q3 FY26 earnings roundup of India's retail-tech stack—Eternal (Zomato/Blinkit), Nykaa, Delhivery, IndiaMART—framed against India's retail market projected to reach Rs 215 trillion by 2035, highlighting quick commerce breakeven, store expansion, and margin gains.
Why this matters
Eternal's 201.9% YoY revenue jump anchors a strong Q3 FY26 across India's retail-tech stack, with Nykaa and Delhivery also posting gains against a market forecast to hit Rs 215 trillion by 2035.
Retail-company signals are accelerating, up 674600% QoQ.