Zomato informed in an official statement, “We would like to inform that the board of directors of the Company vide resolution dated February 6, 2025, have approved the change in the name of the Company from ‘Zomato Limited’ to ‘Eternal Limited”, and the consequential amendment in the Memorandum of Association and Articles of Association to give effect to the same. Please note that this change is subject to the approval of the Shareholders of the Company, the Ministry of Corporate Affairs and other applicable statutory authorities, as required.”
They informed, “The board of directors of the Company also approved the postal ballot notice to be sent to the shareholders of the Company and the stock exchanges to approve change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company,” they informed. To be sure, the Zomato app will not be renamed but the stock ticker will be changed from Zomato to Eternal. Eternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure.
“Eternal is a powerful name, and to be honest, it scares me to my core. It is a tall order to live up to. Because ‘Eternal’ carries both a promise and a paradox,” Goyal added in his letter. “This isn’t just a name change; it is a mission statement. A reminder etched into our identity that we will endure — not because we are here, but because we need to get there.”
During Q3FY25, Zomato saw its consolidated profit following tax (PAT) drop 57 % 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 % 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.
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