Exaggerated Expectations from Quick Commerce, Underappreciation of DMarts Potential ?

Given that many financial institutions argue and give a Sell rating to that the rise of quick commerce could erode DMarts market share or margins, is there sufficient evidence to support this claim. Note the Point ,Zepto Revenue FY23 2,024 crore, a 14x increase from 142.36 crore in FY22. Losses FY23 1,272 crore tripled from 390 crore in FY22.