Lenskart Q1 profit soars nearly four-fold YoY; India business reports 18% same-store sales growth

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹60 crore, according to a regulatory filing.

The technology eyewear firm’s revenue from core operations advanced 43% YoY to ₹2,714 crore in the period under review, compared with ₹1,894 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹589 crore in the June FY27 quarter, marking a 61.37% YoY increase from ₹365 crore in the same period of the previous fiscal year.

Its EBITDA margin expanded by 370 basis points (bps) YoY to 21.7% for the reporting quarter, as against 18%, with India at 21.4% and International at 21.9%.

Key highlights

Its India business delivered a strong Q1 FY27, with revenue growing 30.7% YoY to ₹1,531 crore, same-store sales growth (SSSG) of 18.3% in Q1, with strong performance across Metro, Tier 1, and Tier 2+ markets.

India business’s “SPSG (same pincode sales growth) of 24.3% ran approximately 6 percentage points above SSSG in Q1, confirming that store densification is generating incremental demand rather than cannibalising nearby existing stores,” the company said.

Its volume expanded, with eyewear units growing 22.8% YoY to 82 lakh in Q1 FY27, led by the eye-test funnel at the top.

Its app downloads crossed 12 crore from 10 crore a year ago, and digitally influenced sales rose to about 55% of India revenue in Q1 FY27, up from approximately 41% a year ago.

Its quarterly transacting customer accounts grew 18.5% YoY to 44 lakh in Q1, with active gold members reaching 93.5 lakh.

The international segment recorded a revenue growth of 38% YoY to ₹1,203 crore in Q1 FY27, supported by favourable currency tailwinds. The segment’s underlying momentum remained strong.

On a constant-currency basis, Q1 clocked revenue growth of about 29% YoY. This growth was broad-based, with robust performance across Japan, Southeast Asia, the Middle East, and other geographies.

The company added 132 new stores during the quarter, compared to 83 in Q1 FY26, taking its total active stores to 3,459.

In India, it added 116 net new stores, with 83 in the Tier 2+ market, entering 50 new cities. In International, it added 16 net new stores.

At a consolidated level, its product margin crossed 70% for the first time in the quarter ended June 30, 2026, at 70.3%, after four quarters at approximately 69%. It was helped in part by a seasonally heavier International sunglasses mix.

Lenskart Solutions has a total market capitalisation of ₹1.02 lakh crore as of August 12, 2026, according to data on the NSE.