Stocks to buy, May 13 -- Swiggy and Eternal (formerly known as Zomato), the country's two leading food delivery companies, have announced their March quarter results (Q4FY25). Both companies' profitability was hit by rising expenses in the quick commerce segment, where they are focused on accelerating store count, offering discounts, and subsidising delivery in a bid to gain market share amid rising competition.

Aggressive store expansion has led both companies to burn more cash, impacting their bottom line. Additionally, the food delivery business has slowed in recent months due to a sluggish demand environment and competition from quick commerce itself, which delivers packaged meals.

During the quarter, Eternal-which officially change...