Lenskart shares rally over 12%, hitting record high on stellar Q3 earnings; profit jumps multifold to ₹133 crore

The company had posted a profit after tax (PAT) of ₹1.8 crore in the same period a year ago.

The revenue from operations of Lenskart increased 38% to ₹2,308 crore during the reported quarter from ₹1,669 crore in the December 2024 quarter.

"Revenue grew 37.4% YoY in the third quarter (Q3), FY26, driven primarily by volume expansion and new customer addition. India grew 40.4 per cent YoY, while international grew 32.7% YoY, reflecting the compounding platform," the company said in a statement.

Lenskart profit before tax (PAT) in the domestic market grew over threefold to ₹161 crore from ₹48 crore on a year-on-year basis. The company posted a profit before tax of ₹32.5 crore from the international market, which had reported a loss before tax of ₹42.4 crore in the same period a year ago.

"International grew 32.7% YoY, with EBITDA margins improving from 2% to 6.1% in 9 months, significantly ahead of where India was at a comparable scale. With 705 international stores and the 1st position in Singapore, we are building a global platform. Technology trained on millions of Indian customers now strengthens operations everywhere," Lenskart CEO Peyush Bansal said in a letter to shareholders.

He said Lenskart's international segment is outpacing India's historical profitability curve, with superior profitability with half the footprint.

On the other hand, Lenskart converted past loans granted to loss-making overseas subsidiaries, Lenskart Singapore and NESO brands, into equity due to their inability to "service the principal and interest obligations".

Bansal said the international segment of the company achieved 6.1% operational profit with 705 stores in the nine months of the current fiscal year, while India was 0.3% with more than double the number of stores in FY23.

"The acceleration comes from higher product margins and applying our battle-tested India playbook from day one," Bansal said.

He said India delivered a record 28% same-store sales growth with 36% same pincode sales growth during the reported quarter, which was an 800 basis points premium.

Lenskart said it has conducted over 60 lakh eye tests during the reported quarter, of which almost half were first-time exams.

"India's eyewear market is ₹79,000 crore today, but the need-based market exceeds ₹4 lakh crore. More than 500 million people in India need vision correction. Every eye test expands the addressable market itself," Bansal said.

The company announced employee stock option plan (ESOP) 2021 of around 2.6 crore options valued at around ₹1,212 crore and ESOP 2025 of 72.8 lakh options valued at around ₹335 crore based on the closing price of Rs 466.65 at the BSE on Wednesday.

Lenskart shares debut details

Shares of eyewear retailer Lenskart Solutions made a weak market debut on November 10, 2025, listing with a discount of 3% against the issue price of ₹402.

The stock began trading at ₹390, down 2.98% from the issue price on the BSE. Later, it plunged 11.52% to ₹355.70 before rebounding to trade at ₹403.80 apiece, up 0.44%.

On the NSE, the shares listed at ₹395 apiece, a discount of 1.74%, and dropped 11.41% to ₹356.10 before recovering to trade at ₹404, up 0.5%.

The initial public offer of eyewear retailer Lenskart Solutions Ltd received 28.26 times subscription on the final day of the share sale on Tuesday, led by institutional buyers.

The ₹7,278 crore initial public offering (IPO) had a price band of ₹382-₹402 per share.

The IPO has a fresh issue of shares worth ₹2,150 crore and an Offer-for-Sale (OFS) of 12.75 crore equity shares by promoters and investors.

Lenskart had said that it proposed to use the proceeds from the IPO for strategic initiatives, including capital expenditure to set up new company-operated, company-owned (CoCo) stores in India, and payments under lease, rent, and licence agreements for these CoCo stores.