Food and grocery delivery company rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Eternal – the parent of rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/blinkit” target=”_blank”>Blinkit – reported a steep 78% year-on-year (YoY) fall in net profit at Rs 39 crore for the January-March quarter as losses from ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce continued to burden the bottomline. However, the company said it would continue to aggressively chase market share in quick commerce without near-term profit goals coming in the way.In an indication of rising dependence on ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/food-delivery” target=”_blank”>food delivery for consolidated profits, the company also shuttered its 15-minute food delivery service, Quick, and…
