India’s consumer and retail sectors experienced significant deal momentum in the third quarter of 2025, with 132 transactions totaling $3.4 billion. This represents a six percent increase in volume and a nine percent rise in value compared to the same period in 2024, according to a report released on Thursday. The Grant Thornton Bharat’s Consumer and Retail Dealtracker indicated that when excluding public market transactions, mergers and acquisitions (M&As) and private equity (PE) deals accounted for 121 transactions worth $2.3 billion, marking a 168 percent quarter-on-quarter increase in value.
The growth was fueled by five major deals exceeding $100 million and 26 transactions over $10 million, which together comprised $2 billion, or 89 percent, of the total deal value, reflecting strong investor confidence in scalable and growth-oriented consumer businesses. Naveen Malpani, Partner and Consumer Industry Leader at Grant Thornton Bharat, noted that the third quarter showcased a significant recovery, with deal volumes rising to 132 and values reaching $3.4 billion, nearly quadrupling the previous quarter, driven by renewed investor interest in textiles, apparel, accessories, food processing, and e-commerce.