Eternal has outlined its expectations for the food delivery segment, projecting that year-over-year growth will gradually increase towards 20% over time. The company's guidance suggests a measured approach to growth projections in this key business area.

Growth Trajectory Expectations

The company's statement indicates confidence in the food delivery sector's potential for sustained expansion. Eternal's projection of gradual growth towards the 20% year-over-year target reflects a strategic outlook on market dynamics and operational capabilities.

Market Positioning

The projected growth trajectory positions Eternal within the competitive food delivery landscape. The company's expectation of reaching 20% year-over-year growth over time suggests a focus on sustainable business development rather than aggressive short-term expansion.

Strategic Outlook

Eternal's communication regarding food delivery growth expectations provides insight into the company's strategic planning and market assessment. The gradual approach to reaching the 20% growth target indicates a methodical strategy for business expansion in the food delivery segment.

Eternal Limited has announced a major leadership transition as founder Deepinder Goyal steps down from his Group CEO position to become Vice Chairman, subject to shareholder approval. Albinder Dhindsa will take over as the new Group CEO of the company formerly known as Zomato Limited.

Leadership Transition Details

In a letter to shareholders dated January 21, 2026, Goyal outlined his decision to step away from the Group CEO role while remaining on the board of directors. The transition represents a strategic shift in the company's leadership structure while maintaining continuity in its operations.

Rationale Behind the Change

Goyal explained that he has been drawn to new ideas involving significantly higher-risk exploration and experimentation that are better pursued outside a public company framework. He emphasized that these ideas do not belong within Eternal's strategic scope, and the company deserves to remain focused and disciplined while exploring growth areas relevant to its current business lines.

The founder noted that while he believes he has the bandwidth to continue his current responsibilities at Eternal alongside exploring new ideas, the expectations and legal requirements of being a public company CEO in India demand singular focus. This transition allows Eternal to maintain sharp focus while providing Goyal the space to explore ventures that do not fit the company's risk profile.

Operational Continuity

Despite the leadership change, several key aspects of the company's operations will remain unchanged:

• Partnership between Goyal, Dhindsa, and Akshant continues
• Business CEOs maintain their existing autonomy
• Goyal's involvement in long-term strategy, culture, leadership development, and ethics and governance continues
• Decentralized structure with individual business CEOs remains intact

New Leadership Structure

Under the new arrangement, Dhindsa will assume responsibility for day-to-day execution, operating priorities, and business decisions as the center of gravity for operating decisions shifts to him. Goyal highlighted Dhindsa's track record, particularly his leadership of Blinkit's journey from acquisition to breakeven, including building the team, culture, supply chain, and operating rhythm.

ESOP Restructuring

As part of the transition, all of Goyal's unvested ESOPs will revert to the ESOP pool. This move ensures that Eternal continues to have meaningful wealth-creation opportunities for its next generation of leaders while strengthening long-term retention without incremental shareholder dilution. Goyal emphasized that his financial future remains meaningfully tied to Eternal, maintaining alignment with long-term shareholder value creation.

Future Vision

Goyal reiterated his long-term commitment to Eternal, stating that after eighteen years of building the company, he will continue doing so. He outlined ambitious goals including making Eternal India's most valuable company, serving a billion customers, creating positive societal impact, and providing livelihoods for millions of Indians. The founder characterized this as "a change in title, not in commitment towards outcomes," emphasizing that Eternal remains his life's work.