Eternal, Nykaa and Delhivery Q3 growth resurfaces as India retail eyes Rs 215 trillion
Resurfacing a December 2025 report, Eternal, Nykaa and Delhivery reported Q3 FY26 growth as India’s retail market is projected to reach Rs 210-215 trillion by 2035. Eternal added more than 200 net stores, Nykaa reached 276 stores across 94 cities, and Delhivery grew services revenue 18%.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal, Nykaa and Delhivery reported Q3 FY26 growth, with Eternal’s quick commerce at breakeven, Nykaa expanding stores and rapid delivery, and Delhivery growing logistics revenue.
Why this matters
The resurfaced report extends Eternal’s recent Q3 FY26 pattern: revenue rose 202% as quick commerce reached breakeven, while a separate signal tracked sharp growth and retail expansion by Eternal and Nykaa.
Retail-company signals are accelerating, up 167433% QoQ.