Lenskart share price rises over 9% as Q2 profit climbs 20% to ₹102 crore, revenue up 21%; what we know so far

The stock rose as much as 9.34% to ₹448.8 per unit on the National Stock Exchange (NSE). At 12:49 pm, it was up 6.80% to ₹438.35.

Lenskart Q2 results

Lenskart posted a 19.59% increase in consolidated profit after tax to ₹102.21 crore in Q2 FY26, a company filing said on Saturday. It had reported a profit after tax of ₹85.46 crore in the same period a year ago.

Lenskart posted a 26% year-on-year increase in product margin accruals in the reported quarter to ₹1,485 crore, from ₹1,180.7 crore.

The product margin during the September quarter was up 69.2%, from 68.1% in the September 2024 quarter.

The company's revenue from operations advanced 20.76% to ₹2,096.14 crore in the quarter under review as against ₹1,735.68 crore in Q2 FY25.

Lenskart has also published a pro forma financial report, a forward-looking estimate, showing the company's profit increased by almost 50% to ₹113 crore during the reported quarter, from ₹75.6 crore in the September 2024 quarter.

Revenue from operations, as per the pro forma financial statements, climbed 24% to ₹2,146.6 crore from ₹1,732.6 crore in the September 2024 quarter.

Lenskart Chief Executive Officer (CEO) Peyush Bansal, in a letter to shareholders, said that the reported financial statements reflect acquisitions as of their respective transaction closing dates, which may not provide a clear picture of business trends.

"Pro forma financial statements present the financials as if the acquired businesses had always been part of the company and hence represent a clearer business trajectory, resolving distortions in the trend analysis basis reported financials," he said.

Lenskart's two key business verticals, eye tests and eyewear sales, expanded by 44.3% and 20.2%, respectively, year on year.

"The foundation of our market thesis is our eye-testing infrastructure. In FY25, we conducted 13 million eye tests, up from 5 million just two years ago, representing a 63 per cent CAGR. H1 FY26 has already reached 9.3 million tests: more than what we did in the whole year of FY'24," Bansal said.

He said 46% of the eye tests were first-time eye tests.

"This statistic is central to our market view. Nearly half of the people we test have never had their eyes examined. They are not switching from competitors; they are discovering the need for vision correction for the first time because we made testing accessible. This represents new demand creation, not market share capture," Bansal said.

Revenue from Lenskart's India operations grew by 22.2% to ₹1,232.9 crore during the reported quarter, from ₹1,171.5 crore in the pro forma report.

International revenue of Lenskart grew by 26.2% year on year to ₹927.8 crore, from ₹871.9 crore.

Lenskart is reported to have 2,949 active stores, including 2,270 stores in India, at the end of the September 2025 quarter.

"Today, we average approximately one store per pincode across our 2,270-store network. We are talking about decades-long expansion runway. While the long-term opportunity is vast, our near-term execution is clear and disciplined. For FY26, we are targeting over 450 net store additions, a 60 per cent increase from the 282 stores added in FY'25," Bansal said.

Lenskart share price: Here's what the analyst said

Jefferies, a leading pure-play investment banking and capital markets firm, has backed the stock. The note stated that Lenskart delivered a 20% to 50% growth in revenue and EBITDA, marking the onset of the company's compounding phase as technology and supply chains unlock operational leverage.