Why Has Eternal CEO Deepinder Goyal Resigned from His Position?

Synopsis:  Eternal CEO Deepinder Goyal resigns to pursue high-risk ventures; Q3 FY26 revenue jumps 201% YoY, driven by quick commerce, food delivery, and B2B supplies.

The shares of the company, engaged in online food ordering and delivery, restaurant search and discovery, and table bookings, came into focus after the founder resigned from his position as CEO.

With a market capitalization of Rs 2,73,490 crore, Eternal Ltd’s shares on Wednesday made a day high of Rs 287.15 per share, up by 6.3 percent from its previous day’s close price of Rs 269.95 per share. The share has given a return of 31 percent over one year.

What happened

With the Q3 results, the company accepted the resignation of Deepinder Goyal as the Director, Managing Director & Chief Executive Officer of the Company, effective close of business hours on February 1, 2026. And recommended the appointment of Deepinder Goyal as the Vice Chairman & Director on the Board, effective upon shareholders’ approval.

Reason behind the resignation: Goyal explained that his decision was driven by a desire to explore new, high-risk ideas that require greater experimentation and are more suitable outside the framework of a publicly listed company like Eternal.

He emphasised that these pursuits fall outside Eternal’s strategic priorities and that the company should remain focused and disciplined while expanding only into areas aligned with its existing business.

Q3 results highlights

QoQ: revenue from operations grew by 20 percent to Rs 16,315 crore in Q3 FY36, corresponding to the last quarter in the same financial year. Accompanied by a net profit growth of 56.9 percent to Rs 16,315 crore and an EPS growth of 57 percent to Rs 0.11 per share in Q3 FY26 from Rs 0.07 per share in  Q2 FY26

YoY: The revenue from operations grew by 201 percent to Rs 16,315 crore in Q3 FY26, corresponding to the same quarter in the last financial year. Accompanied by Net profit growth of 72.8 percent to Rs 102 crore in Q3 FY26, resulting in an EPS of Rs 0.11 per share.

In Q3 FY26, the company generated a total revenue of Rs 16,315 crore from external customers. Quick commerce led with Rs 12,256 crore, followed by India food delivery at Rs 2,676 crore and Hyperpure’s B2B supplies at Rs 1,070 crore, while the Going Out segment and other smaller operations contributed Rs 300 crore and Rs 13 crore, respectively.

Founded by Deepinder Goyal & Pankaj Chaddah and incorporated in 2010, Zomato Limited provides online food ordering, restaurant discovery (menus, reviews), and table reservations, connecting millions of customers with restaurants and delivery partners across hundreds of cities.

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