Zomato, Nykaa among 4 retail-tech stocks to watch as India's retail market eyes Rs 215 trillion by 2035 (resurfacing a January 2026 report)
Resurfacing a January 2026 BCG-RAI report projecting India's retail market to nearly double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025. Four listed plays flagged across discovery, demand, platform and logistics: Eternal (Zomato), Nykaa, Delhivery and IndiaMART. Eternal posted Q3 FY26 revenue up 201.9% YoY to Rs 16,315 crore with quick commerce at breakeven.
India's retail market projected to hit Rs 215 trillion by 2035 per BCG-RAI report. Four retail-tech stocks flagged: Zomato/Eternal (Q3 FY26 revenue up 202%, QC at breakeven), Nykaa, Delhivery, IndiaMART across discovery, demand, platform, logistics.