On April 5, 2025, Zomato, now rebranded as Eternal, announced a significant leadership change within its food ordering and delivery division. The company revealed that Rinshul Chandra, the Chief Operating Officer (COO), has decided to resign to explore new professional opportunities. This news was disclosed in an official filing with the Bombay Stock Exchange, indicating a shift in the company’s operational landscape.

Resignation Announcement and Future Plans

In the exchange filing, Zomato stated that Mr. Rinshul Chandra, who held the position of COO and was part of the Senior Management Personnel (SMP), submitted his resignation on the same date. His final day at the company is scheduled for April 7, 2025. Chandra expressed his gratitude for the experiences gained over the past seven years, stating, "I have decided to pursue new opportunities and passions that align with my evolving personal and professional goals. It has been an incredibly fulfilling journey."

Zomato’s Stock Performance

Following the announcement, Zomato’s shares experienced a slight decline, closing down 0.09% at ₹210.65 after Friday’s trading session. This marked a decrease from the previous close of ₹210.85. Since its debut on the Indian stock market in 2021, Zomato has provided investors with a remarkable 67.38% return. Over the past year, the stock has gained 9.83%, although it has faced challenges, losing 23.82% year-to-date in 2025.

• 52-week high: ₹304.50 (December 12, 2024)
• 52-week low: ₹146.85 (June 4, 2024)

Factors Influencing Future Valuation

According to a report from Equitymaster, the future performance of Zomato’s stock will hinge on several critical elements, including sustained order growth, margin expansion, and effective execution in the fast-paced quick commerce sector. If Zomato continues on its current path, it could see an increase in its market valuation. Conversely, any missteps or increased competition may introduce fluctuations in its share price.

Investors will be closely monitoring how the departure of a key executive impacts the company’s strategies and overall performance in the coming months. As Zomato navigates these changes, its ability to adapt will be essential for maintaining investor confidence and growth in a competitive landscape.