Eyewear retailer Lenskart posts Rs 62 crore net profit in Q1 FY26; revenue jumps 25%

Eyewear retailer Lenskart Solutions Ltd., which is set to launch its IPO this week, has reported a net profit of Rs 61.2 crore for the April-June quarter of 2025 (Q1 FY26), turning around from a loss of Rs 11 crore a year earlier, according to its Red Herring Prospectus.

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Operating revenue rose 25% year-on-year to Rs 1,894 crore, from Rs 1,520 crore in the same quarter last year.

The company, which was founded by Peyush Bansal and Amit Chaudhary, turned profitable in FY25 with a net profit of Rs 297 crore, reversing a loss of Rs 10 crore in FY24. Annual revenue climbed 22% to Rs 6,652 crore, up from Rs 5,428 crore the year before.

International markets, including Taiwan, Australia, Japan, South Korea, Thailand, and the Middle East, contributed nearly 40% of the company’s operating revenue in the June quarter. For FY25, international revenue stood at Rs 2,638 crore, a 17% increase from Rs 2,265 crore in FY24.

Lenskart’s IPO opens on October 31 and closes on November 4. The offer includes a fresh issue of Rs 2,150 crore and an offer-for-sale (OFS) of Rs 5,128 crore by existing shareholders, valuing the company at about Rs 70,000 crore. Its shares are expected to debut on the bourses on November 10.

According to the RHP, the company plans to allocate Rs 272 crore from the fresh issue to open new stores and Rs 591 crore towards leasing, rentals, and operational expenses across its expanding retail network. As of June 30, Lenskart operated more than 2,800 outlets globally, including 2,137 in India.

During Q1 FY26, EBITDA rose to Rs 336.6 crore from Rs 183.4 crore a year earlier, driven by improved productivity, operating leverage, and disciplined cost control. Finance costs were Rs 41 crore, while depreciation and amortisation expenses increased to Rs 181.2 crore due to the expansion of company-owned stores and new technology infrastructure.

The India business accounted for Rs 1,169 crore of revenue in Q1 FY26, up from Rs 936 crore a year earlier. International operations generated Rs 736 crore, compared with Rs 584 crore in Q1 FY25.