Lenskart Q2 net profit surges 107% YoY to ₹232 crore; revenue jumps 32% YoY

Shares of Lenskart Solutions closed over 3% higher on Wednesday ahead of the quarterly earnings release. The shares have largely remained in bullish territory since their listing in November 2026.

Lenskart Q2 results

For the quarter ended September 2026, the company’s revenue from operations jumped 32.5% YoY to ₹2,845 crore, led by volume growth and premiumisation. The Indian business surged 35.3% YoY, and the international business surged 29.5% YoY (~23.5% in constant currency).

At the operating level, the company’s EBITDA surged 46.6% YoY to ₹624 crore, and the margin expanded by 21.9%. Lastly, the net profit more than doubled to ₹232 crore, up from ₹112 crore in the corresponding quarter last year.

What led to operational improvement?

Lenskart delivered steady margin improvement for the quarter despite global currency headwinds. The India business showed EBITDA of ₹267 crore, up 61% YoY, and the margin expanded from 13.4% in Q2FY26 to ₹16% in Q2FY27. Similarly, the India segment product margin improved from 63.4% to 64% in Q2FY27. This helped the overall product margin improve from 69.2% in the quarter ended September 2025 to 70.2% for the quarter ended September 2026. A large part of this resilience was driven by in-house integration to absorb the adverse currency impact.

Operational metrics

For the quarter ended September 2026, the company performed 80 lakh eye tests during the quarter, 40.4% YoY. At the same time, it also sold 1.1 crore eyewear units, up 27.1% YoY. Besides this, the company also added 165 new stores, which is 16.2% higher than last year's 142 store additions. The company now operates 3,624 stores.

International business highlights

The revenue from international operations surged 29.5% YoY to ₹1,201 crore as compared to ₹928 crore in the corresponding quarter last year. The product margin for the international business surged to 77.1% in Q2 of FY27 as compared to 75.5% in Q2 of FY26. Owing to superior product margins and robust revenue growth, the EBITDA for the international business rose 45.9% YoY to ₹264 crore.

Lenskart share price performance

Shares of Lenskart have shown a sharp rally post its listing in November last year. The shares got listed in discount at ₹395 against the issue price of ₹402 per share. However, shares have rallied 80% to hit record highs of ₹725 apiece on the NSE in September this year. On a YTD basis, the shares are up 52% in 2026.