Key Points:
- Lenskart’s Q3 FY26 profit surged to ₹132.7 crore from just ₹1.8 crore a year ago, driven by strong domestic and international performance.
- Revenue rose 38% year-on-year to ₹2,308 crore, with India up 40.4% and international markets up 32.7%, marking a turnaround overseas.
- Shares hit a record ₹526 after the results, boosting investor confidence post-IPO and highlighting growth potential in India’s ₹79,000 crore eyewear market.
Lenskart Shares of eyewear retailer Lenskart surged 12.48 % to a record high of ₹526 on the NSE after the company reported a sharp rise in consolidated profit for the December quarter. Strong margin expansion, new customer additions, and improved performance in international markets supported the rally.
Profit Jumps As Revenue And Margins Expand
Lenskart posted a consolidated profit after tax of ₹132.7 crore in the third quarter of FY26, compared with ₹1.8 crore in the same period a year ago. The sharp increase in earnings reflected stronger operating performance across both domestic and overseas markets.
Revenue from operations rose 38 % year on year to ₹2,308 crore, up from ₹1,669 crore in the December quarter last year. The company stated that revenue growth of 37.4 % in the quarter was driven mainly by volume expansion and new customer additions. India revenue grew 40.4 %, while international revenue increased 32.7 %.
In the domestic market, profit before tax rose more than three times to ₹161 crore from ₹48 crore a year ago. The international business reported a profit before tax of ₹32.5 crore, compared with a loss of ₹42.4 crore in the corresponding quarter last year. The turnaround in overseas operations contributed meaningfully to overall profitability.
The company reported improved operating margins in its international segment, with earnings before interest, tax, depreciation, and amortisation margins rising from 2 % to 6.1 % over the first nine months of the fiscal year. Lenskart operates 705 international stores and holds the top position in Singapore.
Management indicated that international profitability is progressing faster than India’s earlier growth curve, supported by stronger product margins and operational efficiencies. In India, the company delivered 28 % sales growth and 36 % pincode sales growth during the quarter.
Expansion Plans And IPO Background
During the quarter, Lenskart conducted over 60 lakh eye tests, nearly half of which were first-time examinations. The company highlighted the significant opportunity in India’s eyewear market, which is currently estimated at ₹79,000 crore, with a larger need-based market potential.
The company also announced employee stock option plans. Under ESOP 2021, about 2.6 crore options were granted, valued at approximately ₹1,212 crore. Under ESOP 2025, 72.8 lakh options were granted, valued at around ₹335 crore based on the previous closing price.
Lenskart converted past loans extended to certain overseas subsidiaries into equity due to their inability to service principal and interest obligations. This step aligns the capital structure of its international operations with its long-term expansion strategy.
The company made its stock market debut in November 2025. Lenskart Shares were listed at a discount to the issue price of ₹402 on both exchanges before witnessing volatility in early trade. The initial public offering of ₹7,278 crore received a strong investor response, with subscription of over 28 times on the final day.
The IPO consisted of a fresh issue of ₹2,150 crore and an offer for sale of 12.75 crore equity shares by promoters and investors. Proceeds from the fresh issue were earmarked for capital expenditure on new company-owned stores in India and related lease and rental payments.
The latest quarterly performance and improving profitability have strengthened investor confidence, pushing Lenskart shares to a new record level.
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