Lenskart Q2 FY26: Profit Up 19.8% To INR 103.4 Cr

Omnichannel eyewear retailer LensKart posted a 19.8% rise in its consolidated net profit for the second quarter of FY26 (Q2 FY26) to INR 103.4 Cr from INR 86.3 Cr in the same period last year. Sequentially, profit rose 69.2% from INR 61.2 Cr.

The recently listed company’s operating revenue rose 20.8% to INR 2,096.1 Cr during the quarter under review from INR 1,735.7 Cr in Q2 FY25. Sequentially, it rose 10.6% from INR 1,894.4 Cr.

Including other income of INR 33.3 Cr, total income stood at INR 2,129.4 Cr.

Total expenses for the quarter under review stood at INR 1,980.3 Cr, up 18.5% from INR 1,671.1 Cr in the year-ago period. On a QoQ basis, it rose 7.8% from INR 1,836.6 Cr.

On a proforma basis, EBITDA rose 34.5% YoY to INR 425.8 Cr, while EBITDA margin expanded to 19.8%.

The company’s India business generated a revenue of INR 1,230.6 Cr, or about 58.7% of the operating revenue, during the quarter under review, while the international business raked in a revenue of INR 879.6 Cr. 

The India business’ EBITDA margin expanded to 19.5% from 18.1% in Q2 FY25, while transacting customer accounts zoomed 25.6% YoY during the quarter under review. The international business’ EBITDA margin stood at 19.5% in Q2 FY26 as against 17.7% in the year-ago quarter. 

Network expansion accelerated sharply during the quarter and half-year period ended September. Lenskart had more than 2,270 stores across 431 cities at the end of the period. 

India saw addition of 203 net new stores in H1 FY26, more than double the 86 stores added in H1 FY25, with a heavy skew towards non-metro cities. Tier II and below markets accounted for 93 new stores versus just 14 in the same period last year. 

In the international market, the company added 22 stores across Japan, the Middle East and Southeast Asia. 

Lenskart credited this pace of expansion to its in-house GeoIQ-powered analytics platform, which evaluates more than 3,000 variables across 350 Mn hyperlocal grids to identify high-probability locations. The company says it has mapped around 5,000 viable future sites. 

Lenskart also said that its long-awaited smart glasses, branded “B by Lenskart,” will be commercially launched in Q4 FY26. 

Built using Qualcomm’s AR1 chipset, the glasses aim to combine prescription capability with AI-enhanced features such as UPI payments, health vitals tracking, object translation, photo/ video capture and a developer ecosystem that allows third-party applications. 

Notably, this was Lenskart’s first financial disclosure after its public market debut earlier this month. The company’s IPO stirred a debate after it sought a valuation of INR 70,000 Cr. The company’s shares made a muted debut on the bourses, listing at a discount of 3% to the issue price of INR 402.

Shares of Lenskart ended yesterday’s trading session 0.86% higher at INR 411.20 on the BSE.

Lenskart's Financial Trajectory

Source: Inc42 Datalabs

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