Newsletter
Lenskart, the talk of the town, posted its first Q2 results after its IPO, and the numbers beat expectations.
The financials:
Net profit: up 19.7% YoY at ₹102.2 cr vs ₹85.4 cr
Revenue: up 20.8% YoY at ₹2,096 crore
The company said that in the first half of FY26, its India business grew strongly with revenue rising 24.7% year-on-year.
Its international business also increased 26.1% and delivered an 18.2% EBITDA margin, showing that the company is growing well in both Indian and overseas markets.
The company added that it plans to open more than 450 new stores in India in FY26, compared to 282 stores added in FY25.
What’s the hype: brokerage firm Jefferies highlighted that Lenskart’s fully integrated online and offline model helps the company keep its costs low and deliver products quickly.
It also noted that this model allows Lenskart to offer a better overall customer experience, which is a major strength for the company.
