Food delivery, quick commerce take a bite out of QSR sales: brokerage reports

Sales of quick service restaurants (QSR) like Domino’s and Pizza Hut have been hit by the rapid expansion of food delivery platforms like Zomato and Swiggy, while quick commerce – a segment that is also led by by Zomato-owned Blinkit and Swiggy-owned Instamart – are pulling younger customers away from modern retail and other physical stores, multiple brokerage reports said.