Lenskart Solutions surges as Q2 net profit more than doubles to Rs 232 crore
Revenue from operations rose 32.5% year on year to Rs 2,845 crore in Q2 FY27 from Rs 2,147 crore. Sequentially, revenue increased 4.8% from Rs 2,714 crore in Q1 FY27.
EBITDA before Ind AS 116 increased 65% year on year to Rs 392 crore from Rs 237 crore. Its margin expanded to 13.8% from 11.1% in Q2 FY26 and 13.3% in Q1 FY27. Reported EBITDA increased 46.6% to Rs 624 crore from Rs 426 crore, with the margin improving to 21.9% from 19.8% a year earlier.
Profit before tax stood at Rs 305 crore in Q2 FY27, up 1.7% vs previous quarter and 89.4% vs year-ago quarter.
India revenue increased 35.3% year on year to Rs 1,668 crore, supported by 26.5% growth in eyewear volumes. Same-store sales growth improved to 20.8% from 14.8% a year earlier. The company added 143 net new stores in India, including 94 in Tier 2+ markets, and entered 61 new cities. Its India network expanded to 2,868 stores across 665 cities.
International revenue grew 29.5% year on year to Rs 1,201 crore, supported by growth across Japan, Southeast Asia, the Middle East and other markets. International EBITDA before Ind AS 116 increased 86.8% to Rs 127 crore, with the margin expanding to 10.6% from 7.3%. The company added 22 stores internationally, taking its global network to 3,624 stores.
The company's consolidated product margin stood at 70%, compared with 69.2% a year earlier. In-house frame manufacturing increased 71.7% year on year, while lens manufacturing grew 52.2%.
During the quarter, Lenskart conducted 80 lakh eye tests globally, up 40.4% year on year. Its Lenskart Gold programme crossed one crore active members in India, reaching 1.03 crore at the end of the quarter. Remote optometry services were available in 934 stores, compared with 303 a year earlier.
Chairman, managing director and CEO Peyush Bansal said the company was focused on expanding access to vision correction through technology and an integrated business model spanning manufacturing, brands and retail. He highlighted the expansion of remote optometry and the company's efforts to build technology-led eyewear solutions.
Lenskart Solutions is a technology-driven eyewear company founded in 2008. It designs, manufactures, brands and retails prescription eyewear, sunglasses, contact lenses and accessories. Its integrated platform combines manufacturing, retail stores and online channels, supported by technologies such as AI-driven recommendations and 3D try-on features.
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