Eternal (Zomato) Share Price Dips on April 9 Amid Leadership Exit

Eternal Limited (previously known as Zomato Ltd) has been in focus on Wednesday. On April 9, 2025, Eternal (Zomato) share price opened at ₹216.00, slightly up from its previous close of ₹215.19. At 10:24 AM, the share price of Eternal was trading at ₹211.22, down by 1.84% on the NSE. It touched its day’s low so far at ₹210.54. The market cap of the company was at ₹2,03,834.71 crore.  

The stock has been volatile since the beginning of the week. On Monday, April 7, it opened at ₹196.00 and dipped to a low of ₹194.80. Tuesday saw a rebound, with the stock opening at ₹213.19, hitting a low of ₹210.81, and closing at ₹215.19. 

Resignation of Key Executive 

Investor sentiment may have been impacted by a leadership change announced over the weekend. Eternal informed the stock exchanges that Mr. Rinshul Chandra, Chief Operating Officer of its Food Ordering and Delivery Business and a designated Senior Management Personnel (SMP), resigned from his post on April 5, 2025. 

The resignation comes at a time when Eternal is navigating brand transition and expansion strategies, making leadership stability a key focus for stakeholders. 

Q3 FY 2025 Financial Highlights  

Eternal Limited reported growth across its B2C segments in Q3 FY25, with Gross Order Value (GOV) rising 57% year-on-year (YoY) and 14% quarter-on-quarter (QoQ) to ₹20,206 crore.  

On a like-for-like basis, excluding the acquisition of Paytm’s entertainment ticketing business, the GOV growth stood at 52% YoY and 12% QoQ. Segment-wise, food delivery GOV increased by 17% YoY, quick commerce surged 120% YoY, and the going-out category, which includes events and ticketing, grew 191% YoY (or 119% YoY on a like-for-like basis). 

On the B2B front, Eternal’s Hyperpure business delivered a 95% YoY growth in revenue, with a 13% QoQ increase. The company’s consolidated adjusted revenue stood at ₹5,746 crore for the quarter, reflecting a 58% YoY and 12% QoQ growth, largely mirroring the rise in overall GOV. Additionally, Eternal’s cash reserves reached ₹19,235 crore by quarter-end, boosted by ₹8,446 crore raised through a Qualified Institutional Placement (QIP), strengthening its financial position for future expansion. 

Learn What Does Adani Enterprises Do? An Overview!

Conclusion  

Eternal Limited’s recent stock volatility reflects a mix of market sentiment driven by leadership changes and its ongoing business evolution.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.