India retail deals hit $3.4b 132 Grant Thornton Q3 deals
India’s consumer and retail industry recorded 132 transactions worth $3.4 billion in the third quarter of 2025, according to a Grant Thornton Bharat report released on Thursday. Deal volumes rose 6 percent and values increased 9 percent compared with the same period in 2024. The growth signals strong investor confidence in established brands and expanding consumer businesses across the country.
Mergers and acquisitions plus private equity activity totaled 121 deals valued at $2.3 billion when public market transactions were excluded. This represented a 168 percent surge in value from the previous quarter. Five deals exceeded $100 million and 26 others topped $10 million, accounting for 89 percent of total transaction value.
Textiles and apparel sectors attracted substantial investment while food processing and online retail benefited from seasonal shopping trends. Average deal size jumped to $18.8 million from $7.2 million in the second quarter. Public market activity raised more than $1.1 billion through six initial public offerings and five qualified institutional placements, a significant increase from $36 million in the prior quarter.
