Lenskart's net profit rises to Rs 103.5 crore in Q2 FY26; revenue stands at Rs 2,096 crore

Eyewear giant Lenskart has reported a strong second quarter for FY26, marking its first earnings announcement since going public in November.

The company posted a net profit of Rs 103.5 crore, an almost 20% rise from Rs 86.3 crore a year earlier, and a sharp improvement from the Rs 61.2 crore profit recorded in the June quarter. 

Revenue from operations grew 21% year on year to Rs 2,096.1 crore, compared to Rs 1,735.7 crore in Q2 FY25 and above Rs 1,894.5 crore generated in Q1. Total expenses were Rs 1,980.3 crore. Profit before tax stood at Rs 147.99 crore, while earnings per share were Rs 0.61.

India remained the core business, contributing Rs 1,230.6 crore in Q2 FY26, up from Rs 1,088.8 crore a year earlier. International operations delivered Rs 879.6 crore, rising strongly from Rs 658.3 crore in the same period last year.

For the first half of FY26, Lenskart reported total income of Rs 4,075.5 crore and profit after tax of Rs 164.6 crore, more than double the Rs 75.4 crore earned in the first half of FY25.

For the full year FY25, the company posted total income of Rs 7,009.3 crore and profit after tax of Rs 297.3 crore.

Lenskart plans to add over 450 net new stores in India in FY26, compared to 282 in FY25. The company highlighted improving profitability, stating that PAT margin has risen by 860 basis points, from –3.3% in FY23 to 5.3% in Q2 FY26.

It said its product margin stands at 69.2%, supported by scale and vertical integration, helping keep frame and lens costs 35–40% below industry averages.

Co-founder and chairman Peyush Bansal said years of investment are now yielding strong operating leverage, with revenue up 25.3% year on year and EBITDA (before IndAS 116 adjustments) up 54.9% in the first half of FY26.

He added, “We are expanding the market, not only competing in it. Almost half of the eye tests we conduct are for customers having their very first eye exam… Our goal is to be the platform enabling the next generation of global eyewear brands.”