New Delhi, April 14 -- Brokerage JM Financial, in its preview for Q4FY25, indicated that variations in corporate performances across the internet sector are anticipated due to specific trends within each segment. Although growth in food delivery for Eternal (Zomato) and Swiggy is predicted to slow down, substantial growth in quick commerce (QC) is expected to be driven by aggressive expansion of dark stores. Likewise, while margins in food delivery are forecasted to improve, the heightened competitive environment and ongoing store expansion may negatively affect QC margins.

Nykaa's Beauty and Personal Care (BPC) segment has maintained its growth momentum, and there has been a slight improvement in the Fashion segment, indicating consiste...