Lenskart Posts A Profit Of INR 61 Cr In Q1 FY26

IPO-bound Lenskart maintained profitability in the first quarter of fiscal year 2025-26 (Q1 FY26). The eyewear giant posted a net profit of INR 61.2 Cr in the quarter as against a loss of INR 11 Cr incurred in the same quarter previous year. 

The company swung to profit in the quarter on the back of an uptick in its top line and improvement in margins. Operating revenue for the quarter stood at INR 1,894.5 Cr, marking a 25% jump from INR 1,520.4 Cr recorded in the same quarter previous year. 

In this, sales of goods, that is the company’s eyewear catalogue, grew 27% YoY to INR 1,822.2 Cr while revenue registered from sales of services jumped 98% YoY to INR 67.4 Cr. 

Including other income of INR 51.6 Cr, Lenskart’s total revenue rose 24.5% to INR 1,946.1 Cr in the reported quarter.

For the full fiscal year FY25, Lenskart reported a net profit of INR 297.3 Cr as against a loss of INR 10.2 Cr in the previous fiscal. Its operating revenue for the full fiscal increased 23% to INR 6,652.5 Cr from INR 5,427.7 Cr in FY24.

The eyewear giant’s initial public offering (IPO) is set to open on October 31 and subsequently close on November 4. Its IPO will comprise a fresh issue of INR 2,150 Cr and an offer for sale (OFS) component of 12.76 Cr shares.

It has set its price band of INR 382 to INR 402 for its initial public offering (IPO), which is set to open on Friday (October 31), where the IPO will value the company at INR 69,726 Cr (about $8 Bn), at the upper end of the price band.

Subsequent to the closure of the IPO, Lenskart’s shares will get listed on the NSE and BSE on November 10.

Where Did Lenskart Spend In Q1?

The Peyush Bansal-led company’s expenses surged 17.7% to INR 1,836.6 Cr in the quarter under review, from INR 1,560.6 Cr in Q1 FY25. Notably, 26% of the overall expense in the first quarter went into other expenses which includes regulatory spends, printing and stationery expenses, marketing and promotion, insurance, electricity, travel and conveyance, and others. Some areas where the company spent the most are listed below:

Employee Benefit Expenses: Employee costs, which include salaries, provident fund, gratuity, among others, surged 58.5% to INR 465.6 Cr in the reported period, compared to INR 293.7 Cr in Q1 FY26.

Cost of Raw Materials & Components Consumed: 27.9% of Lenskart’s overall expense was spent in acquiring its raw materials and components, amounting to INR 512.3 Cr in Q1 FY26, an increase of 29.7% from INR 395 Cr in the previous year.

Depreciation And Amortisation Expenses: Spending under this head surged 27.2% to INR 237.1 Cr in the quarter under review, from INR 186.39 Cr a year ago.