January 21, India Following the founder’s resignation as CEO, the company’s shares focused on online meal ordering and delivery, restaurant search and discovery, and table bookings.
Eternal Ltd.’s shares reached a day high of Rs 287.15 per share on Wednesday, up 6.3 percent from its closing price of Rs 269.95 per share the day before, with a market capitalization of Rs 2,73,490 crore. Over the course of a year, the share has produced a 31 percent return.
What took place
Deepinder Goyal resigned as the company’s director, managing director, and chief executive officer with effect from the end of business hours on February 1, 2026, in accordance with the Q3 results. and suggested that Deepinder Goyal be appointed as the Board’s Vice Chairman and Director, with effect from shareholder approval.
Goyal’s resignation was motivated by his ambition to investigate novel, high-risk concepts that call for further testing and are better suited outside the confines of a publicly traded company such as 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.
FAQs: Deepinder Goyal Resignation and Eternal Ltd. Q3 FY26 Results
Q1. Who is Deepinder Goyal, and what role did he play at Eternal Ltd.?
Deepinder Goyal is the founder of Eternal Ltd., a company specializing in online meal ordering, restaurant discovery, table bookings, and food delivery services. He served as Director, Managing Director, and CEO until his resignation effective February 1, 2026.
Q2. Why did Deepinder Goyal resign as CEO of Eternal Ltd.?
Goyal resigned to explore high-risk, innovative concepts that require testing outside the structure of a publicly traded company. He emphasized that these ventures are outside Eternal’s strategic focus, and the company should continue expanding only into areas aligned with its current business.
Q3. What position will Deepinder Goyal hold after his resignation?
The Board has proposed appointing Deepinder Goyal as Vice Chairman and Director, subject to shareholder approval.
Q4. How did Eternal Ltd.’s shares react to the news?
On January 21, Eternal’s shares rose 6.3% to a day high of Rs 287.15, up from Rs 269.95 the previous day. The company’s market capitalization is Rs 2,73,490 crore, and the stock has delivered a 31% return over the past year.
Q5. What were Eternal Ltd.’s Q3 FY26 financial highlights?
Quarter-on-Quarter (QoQ):
Revenue from operations: ₹16,315 crore, up 20% from Q2 FY26
Net profit: ₹16,315 crore, up 56.9%
EPS: ₹0.11 per share, up 57% from ₹0.07 per share
Year-on-Year (YoY):
Revenue from operations: ₹16,315 crore, up 201% from Q3 FY25
Net profit: ₹102 crore, up 72.8%
EPS: ₹0.11 per share
Q6. Which business segments contributed the most to Eternal Ltd.’s Q3 revenue?
Quick commerce: ₹12,256 crore
India food delivery: ₹2,676 crore
Hyperpure B2B supplies: ₹1,070 crore
Going Out segment & others: ₹313 crore combined
Q7. What is Eternal Ltd., and when was it founded?
Eternal Ltd., founded in 2010 by Deepinder Goyal and Pankaj Chaddah, is an Indian tech company that connects millions of customers with restaurants and delivery partners across hundreds of cities. Its services include online food ordering, restaurant discovery (menus, reviews), and table reservations.
Q8. How will Goyal’s departure impact the company?
While Goyal’s resignation is significant, the company aims to remain focused and disciplined, expanding only in areas aligned with its strategic priorities. The appointment of Goyal as Vice Chairman may ensure continuity in vision and leadership.
