Listed Indian eyewear leader Lenskart posted a 124.7% year-on-year increase in consolidated net profit to ₹232.5 crore in the September quarter of FY27, supported by a 35.7% rise in operating revenue to ₹2,845 crore and efficient cost management.
- Q2 net profit jumps 124.7% YoY to ₹232.5 crore
- Total revenue increases 35.7% YoY to ₹2,845 crore
- Retail stores expanded by 165, with strong same-store sales growth
What happened
Lenskart reported a consolidated net profit of ₹232.5 crore in the second quarter of FY27, representing a 124.7% increase from ₹103.5 crore in the same period last year. Operating revenue grew by 35.7% to ₹2,845 crore, outpacing the 31.1% rise in total expenses, which stood at ₹2,596.8 crore. Including other income, total income during the quarter reached ₹2,899.5 crore compared to ₹2,129.4 crore a year prior.
The company saw strong domestic and international growth. India revenue increased 35.5% to ₹1,667.9 crore, with segment profit rising to ₹208.4 crore. International revenue grew 36.5% to ₹1,201.1 crore, and segment profit more than tripled to ₹97.2 crore. EBITDA improved 46.6% year-on-year to ₹624 crore, with an EBITDA margin of 21.9%. The company continued expanding its retail network by adding 165 new stores globally, with 143 in India and 22 overseas.
Why it matters
Lenskart’s strong profitability and revenue expansion highlight its effective scaling and market penetration in India and abroad. The considerable jump in profit, outpacing expense growth, signals rising operational efficiency. Growth in eyewear sales, eye tests, and Gold membership base underscores solid consumer demand and brand loyalty.
The increase in in-house manufacturing capacity, including higher production of frames and lenses across India, China, and Thailand, strengthens Lenskart’s supply chain control and cost competitiveness. Its investment in expanding retail footprint supports enhanced customer reach and drives same-store sales growth, reinforcing the company’s leadership position in the competitive eyewear market.
What to watch next
Market participants will monitor Lenskart’s ongoing retail expansions and manufacturing upgrades, especially its new centralized facility in Hyderabad, to see if these investments continue fueling growth and margin improvement. The company's ability to sustain strong sales growth, particularly in the India market with its large membership base and high volume of eye tests, will be a key metric.
Investors will also watch quarterly profitability trends amid rising expenses to assess operational leverage. Given the improving return on capital employed and robust cash flow generation, Lenskart’s strategic growth initiatives and market expansion plans will be critical to extending momentum in the coming quarters.