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Lenskart Q2FY27 Net Profit More Than Doubles to ₹232 Cr, Revenue Up 32.5%
Sentiment: PositiveHigh Priority
What Happened?
Lenskart Solutions Limited reported a 32.5% increase in revenue to ₹2,845 crore for Q2FY27, with net profit more than doubling to ₹232 crore. The growth was driven by higher eyewear volumes and strong demand.
Key points
- Lenskart's revenue for Q2FY27 reached ₹2,845 crore, up from ₹2,147 crore a year ago.
- Net profit increased to ₹232 crore from ₹113 crore, reflecting strong demand.
- Earnings before interest, tax, depreciation, and amortization (Ebitda) grew 65% to ₹392 crore.
- India's revenue grew 35.3% year-on-year to ₹1,668 crore.
- Lenskart added 143 new stores in India, expanding its network to 2,868 stores across 665 cities.
- International revenue rose 29.5% to ₹1,201 crore, with strong performance in Japan and Southeast Asia.
Key insights
- Lenskart's growth could enhance access to vision correction for millions, impacting education and quality of life.
- The expansion in smaller cities may lead to increased market penetration and brand loyalty.
- Continued investment in technology could improve operational efficiency and customer experience.
Why it matters
The significant profit increase indicates Lenskart's strong market position and growth potential in eyewear.
Tags
Entities
Lenskart Solutions Limited· CompanyPeyush Bansal· PersonIndia· CountryJapan· CountrySoutheast Asia· RegionMiddle East· Region
Source
Business Standard
