Lenskart Reports 19.8% Profit Increase to Rs 103.4 Crore for Q2 Ending September 2025

Lenskart Solutions has announced a 19.8% rise in consolidated profit after tax, reaching Rs 103.4 crore for the quarter ending September 30, 2025. This is an increase from Rs 86.3 crore in the same period last year. The eyewear company also reported a 21% growth in consolidated revenue from operations, amounting to Rs 2,096.14 crore compared to Rs 1,735.68 crore in the previous year.

In a letter to shareholders, CEO Peeyush Bansal explained that the reported financial statements include acquisitions as of their transaction closing dates. He noted that this might not fully reflect business trends. "Pro forma financial statements present the financials as if the acquired businesses had always been part of the company and hence represent a clearer business trajectory, resolving distortions in the trend analysis basis Reported financials," he said.

Growth in Key Business Verticals

Lenskart's two main business areas, eye tests and eyewear sales, saw significant growth. Eye tests increased by 44.3%, while eyewear sales rose by 20.2% year on year. Bansal highlighted that their eye-testing infrastructure is crucial to their market strategy. In FY25, they conducted 13 million eye tests, up from 5 million two years ago, marking a 63% compound annual growth rate (CAGR). In H1 FY26 alone, they have already performed 9.3 million tests.

According to Bansal, nearly half of these eye tests were first-time examinations for customers. "This statistic is central to our market view," he stated. Many people tested had never had an eye exam before and discovered their need for vision correction through Lenskart's accessible testing services.

International and Domestic Revenue Growth

Lenskart's international revenue grew by 26.2% year on year to Rs 927.8 crore, up from Rs 871.9 crore. Meanwhile, revenue from Indian operations increased by 22.2%, reaching Rs 1,232.9 crore during the reported quarter compared to Rs 1,171.5 crore in the pro forma report.

The company has ambitious plans for expansion with a new manufacturing facility underway in Hyderabad. This facility is expected to be operational within 18-24 months and will have a design capacity of producing 50 million pairs per year, doubling the current capacity at Bhiwadi.

Market Potential and Store Expansion

Bansal believes that India's eyewear market size of USD 9 billion does not fully capture latent demand opportunities. According to Redseer Strategy Consultants, the market is valued at approximately USD 9.2 billion or about Rs 78,000 crore.

Lenskart currently operates 2,949 active stores worldwide, with 2,270 located in India as of September 2025. Bansal mentioned that they aim to add over 450 net new stores in FY26, a significant increase from the 282 stores added in FY25.

The number of active transacting customer accounts rose by 23.2%, reaching 48 lakh compared to last year's figure of 39 lakh during the same period.

With inputs from PTI