Lenskart Solutions Q3 results: Net profit skyrockets nearly 70x YoY to ₹131 crore, revenue surges 38%

In the corresponding period of the previous fiscal year, it had logged a profit of ₹1.85 crore, it said in a regulatory filing.

The Gurugram-based firm's revenue from operations advanced by 38.28% YoY to ₹2,307.73 crore during the quarter under review, compared to ₹1,668.84 crore in the October-December quarter of FY25.

Its top-line growth was driven primarily by volume expansion and new customer addition, with India growing by 40.4% YoY and international by 32.7% YoY.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹462.4 crore for the December FY26 quarter, marking a 90.6% YoY surge.

Its EBITDA margin expanded to 20% for the reporting period, in comparison to 14.5%, bolstered by operating leverage and structurally improving unit economics as scale increases.

The firm’s India business recorded a 27.8% same-store sales growth (SSSG) and a 35.8% same-pincode sales growth (SPSG), maintaining strong same-store performance, confirming market expansion through densification, and limiting cannibalistion.

Key highlights

• Lenskart reported a 56% YoY growth in eye tests conducted in Q3 at 0.63 crore, with India eye tests surging over 60% YoY to 0.55 crore, of which 49% were first eye exams.

• It witnessed a 29.7% YoY volume increase in Q3 FY26, driven by the aggressive expansion of eye-testing infrastructure, highlighting significant untapped demand for vision correction.

• The company added 195 net new stores, compared to 81 added in the year-ago period. Of the 195, 169 were in India, and 26 were in international markets, with site selection guided by the GeoIQ algorithm to optimize catchments and limit cannibalisation.

• Lenskart witnessed a 15% CAGR in revenue per new store in India (FY24 to 9M FY26), reflecting improving throughput, operating consistency, and strong performance across Tier 2+ markets.

• Its net promoter score (NPS) reached 80.9 in India, the highest to date, supported by AI-enabled personalisation across the customer journey.

• Its gold membership reached 0.81 crore active members at the end of December 31, 2025, with 37% of Q3 sales contributed by Gold members acquired before Q3, which underscored retention-led growth.

Shares of Lenskart Solutions closed 0.50% lower at ₹473 per unit on the National Stock Exchange (NSE) on Wednesday, ahead of the result announcement.

The eyewear company has a total market capitalisation of ₹82,059.36 crore, as of February 11, 2026, according to data on the NSE.