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Eternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure; the Zomato app will not be renamed but the stock ticker will be changed from Zomato to Eternal.
As the shareholders have approved the proposal, the company’s corporate website will transition from zomato.com to eternal.com.
Zomato Ltd’s shareholders have approved the proposal to change the name of the company to ‘Eternal Ltd’, according to a regulatory filing. It added that the shareholders also approved the amendment to the Memorandum of Association and Articles of Association of the company to bring the new name into effect.
“Shareholders of the company have duly passed the special resolution for the item as set out in the Notice approving the following: To approve change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company,” Zomato said in the late-night BSE filing on March 9, 2025.
Zomato’s board of directors had on February 6 approved the proposal to change the name of the company from ‘Zomato Ltd’ to ‘Eternal Ltd’.
Eternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure. Importantly, the Zomato app will not be renamed but the stock ticker will be changed from Zomato to Eternal.
Now, as the shareholders have approved the proposal, the company’s corporate website will transition from zomato.com to eternal.com.
Why Company Decides To Change Name To ‘Eternal’
In a letter to shareholders on February 9, 2025, Deepinder Goyal, group CEO and co-founder of Zomato, said, “When we acquired Blinkit, we started using ‘Eternal’ (instead of Zomato) internally to distinguish between the company and the brand/app. We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a signicant driver of our future. Today, with Blinkit, I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd.”
During Q3FY25, Zomato saw its consolidated profit after tax (PAT) drop 57 percent year-on-year (Y-o-Y) to Rs 59 crore, down from Rs 138 crore in the same period a year ago. It had reported a PAT of Rs 176 crore in Q2FY25. Its revenues however rose 64 percent Y-o-Y to Rs 5,404 crore in Q3FY25, up from Rs 3,288 crore a year ago and Rs 4,799 crore in the previous quarter.
