Is the quick commerce boom eating into brick-and-mortar businesses like Avenue Supermarts?

https://www.cnbctv18.com/market/dmart-share-price-avenue-supermarts-sales-impacted-by-quick-commerce-boom-in-meto-cities-19492419.htm
JPMorgan highlights that contrary to DMart parent Avenue Supermarts’ narrative two months ago where management had mentioned marginal impact on growth for stores where quick commerce has scaled up, the latest press release noted clear impact of online grocery formats including DMART Ready in large metro DMART stores which operate at very high throughput…