Shares of Eternal Ltd (parent company of Zomato) fell 2.46% to ₹205.35 during Monday’s trade after the company announced the resignation of Rinshul Chandra, the Chief Operating Officer of Zomato’s food ordering and delivery business. The stock opened weak and touched a low of ₹194.80 before recovering slightly.
Zomato revealed in a regulatory filing that Chandra has resigned effective April 7, 2025, citing personal and professional growth. In his resignation letter to CEO Deepinder Goyal, Chandra wrote that he wants to pursue “new opportunities and passions” aligning with his evolving goals.
This leadership change comes at a time when Eternal Ltd has already been navigating a highly competitive and margin-sensitive food delivery landscape. Chandra’s exit raised concerns over the company’s operational continuity and leadership stability in its core business segment.
Eternal Ltd’s market cap now stands at ₹1.86 trillion. The stock has a high P/E ratio of 278.03 and has seen significant volatility, trading between ₹146.30 and ₹304.70 in the last year.
Investors will now closely monitor Zomato’s next leadership move and whether it will affect the pace of growth in its food delivery arm.
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