Lenskart Solutions shares in the spotlight on incorporating step-down subsidiary in UK

Recently listed Lenskart Solutions on Tuesday, January 6, said that its arm, Stellio Ventures, S.L., incorporated a wholly owned subsidiary, namely Stellio Ventures UK Ltd (Stellio UK) in England and Wales, UK.

Stellio UK, which became a step-down subsidiary of Lenskart Solution on January 5, was incorporated to sell eyewear products and related accessories under the “Meller” brand in the UK, the firm stated in a regulatory filing on Tuesday.

Stellio Ventures will subscribe in cash to the ordinary share capital of GBP 100 (being 100% of the share capital) of the newly incorporated UK entity, it added.

Furthermore, Lenskart Solutions will indirectly hold 84.21% of the equity in Stellio UK via Stellio Ventures.

The firm’s UK-based step-down arm has a total paid-up capital of 100 ordinary shares with an aggregate nominal value of GBP 100.

Stock performance

Shares of Lenskart Solutions closed 0.02% lower at ₹445.15 per unit on the National Stock Exchange (NSE) on Tuesday. However, the incorporation was announced around the time of market closing.

The scrip has fallen more than 3% in the past week but gained nearly 7% over the month.

While the stock reached a 52-week high of ₹495 on December 22, 2025, it touched a year’s low of ₹356.10 per equity share on the day of its listing, i.e., November 10, 2025.

Lenskart arm acquires Korean startup

In a separate regulatory filing dated December 24, the company informed the bourses, that the board of directors of Lenskart Singapore, a wholly owned subsidiary of Lenskart Solutions, approved an investment of 3 billion Korean won (approximately ₹18.6 crore) for the acquisition of 29.24% stake in iiNeer Corp., Ltd., a company incorporated under the laws of the Republic of Korea.

iiNeer Corp is a Korea-based startup focused on developing technology-enabled eye-testing and lens-cutting equipment.

Q2 results

Lenskart reported a 19.59% year-on-year (YoY) surge in its consolidated profit after tax (PAT) to ₹102.21 crore in the September quarter of FY26, compared to ₹85.46 crore it had logged in the same period a year ago.

It posted a 26% annual jump in its product margin accruals in the reported quarter to ₹1,485 crore, from ₹1,180.7 crore. The product margin was up 69.2%, from 68.1% in the second quarter of FY25.

The company's revenue from operations soared 20.76% YoY to ₹2,096.14 crore in Q2FY26, as against ₹1,735.68 crore in the September quarter of FY25.

Lenskart Solutions has a total market capitalisation of ₹77,227.75 crore, as of January 6, 2026, according to data on the NSE.