Lenskart lifts net profit 2.1-fold to 232 crore rupees in second quarter
Key Facts
Lenskart reported net profit of 232 crore rupees in the second quarter of fiscal 2027, up 2.1-fold year on year, according to its shareholder letter published on November 4, 2026. Net profit margin widened 292 basis points to 8.2%, compared with net profit of 113 crore rupees in the year-earlier period. The results came as revenue grew 32.5% year on year, driven by higher sales volumes and a richer premium-product mix, the company said. In the November 4 session, the stock closed 3.37% higher at 693.7 rupees on the BSE. The performance reflects sales growth and improved operating margins, alongside higher profitability.
Revenue from operations was 2,845 crore rupees, compared with 2,096 crore in the second quarter of fiscal 2026 and 2,714.2 crore in the previous quarter, according to Moneycontrol. India revenue grew 35.3% year on year, while international revenue rose 29.5%, or about 23% in constant currency, according to the shareholder letter. The company said revenue growth was underpinned by 27.1% growth in units sold, including 26.5% in India and 29.7% internationally. The figures show expansion in both the Indian and international markets, with sales volumes continuing to grow in each. The company also linked growth to a richer premium-product mix, which contributed to higher revenue alongside volumes.
EBITDA margin before the application of Ind AS 116 improved to 13.8% in the quarter from 11.1% a year earlier, while EBITDA was about 392 crore rupees compared with 237 crore, according to Moneycontrol. By region, the margin rose to 16.0% from 13.4% in India and to 10.6% from 7.3% in international markets, the company said. Product margin held at 70.0%, compared with 69.2% in the second quarter of fiscal 2026. Lenskart said the margin held up despite the rupee continuing to weaken against the renminbi. This pairs sales growth with improved operating profitability, while product margin remained stable despite the currency pressure cited by the company.
Same-store sales in India rose 20.8% in the quarter, compared with growth of 14.8% a year earlier, according to Moneycontrol. The company added a net 143 stores in India, including 94 in Tier 2+ markets, and entered 61 new cities. Its India store count reached 2,868 across 665 cities. This geographic expansion accompanies same-store sales growth, broadening the company’s presence in India alongside the stronger demand recorded in its results. The company also said active members of the Lenskart Gold programme in India reached 103 lakh at quarter-end, up 38.6% year on year. It collected 73 crore rupees in subscription fees during the quarter, an increase of 54.6% year on year.
The company conducted 0.8 crore eye tests during the quarter, up 40.4% year on year, according to the shareholder letter. In India alone, tests increased 44.1% to 0.7 crore. Chief Executive Piyush Bansal said remote eye-testing technology was in use at 934 stores. The figures link the expansion of testing services with the growth of the store network, while the technology enables remote tests at more locations across the network. The company’s revenue also exceeded 10,000 crore rupees in the twelve months ended at the report’s publication, according to the shareholder letter.
For the first half of fiscal 2027, revenue was 5,559 crore rupees, up 33.0% year on year, while net profit reached 461 crore rupees. First-half profit represented 87% of full-year fiscal 2026 net profit, the company said. First-half EBITDA was 1,213 crore rupees, or 753 crore before the application of Ind AS 116. The company had said in its shareholder letter for the fourth quarter of fiscal 2026 that net store additions in fiscal 2027 were expected to be roughly at the previous year’s level. It also maintained its long-term target for an EBITDA margin of about 25% before Ind AS 116, according to the earlier letter.