Overview

• Aditya Mangla took charge on July 6, replacing Rakesh Ranjan, who completed his two-year tenure and will remain with the company
• Mangla has over four years at Eternal with leadership roles in product, supply and customer experience for the food delivery arm
• The leadership shift is part of an internal rotational model designed to inject fresh strategic perspective into the slowing division
• Zomato’s delivery segment grew topline by 18% year on year to ₹2,054 crore in Q4 FY25 but saw GOV growth decelerate from 28% to 16% and a marginal quarter-on-quarter revenue dip
• Eternal’s shares dipped slightly on the announcement while Morgan Stanley reiterated its overweight rating with a ₹320 price target