Lenskart Solutions remained in focus on Thursday after a block deal involving 6,39,449 shares was executed at ₹495.50 per share, taking the total transaction value to approximately ₹31.68 crore.
The transaction comes shortly after the eyewear retailer reported strong FY26 financial performance, supported by aggressive store expansion, premiumisation, and improving profitability across domestic and international markets.
Lenskart reported a consolidated net profit of ₹203.6 crore for Q4 FY26, slightly lower than ₹220.1 crore reported in the corresponding quarter last year. However, total income surged 32% year-on-year to ₹2,564.7 crore from ₹1,939.3 crore, reflecting continued strong demand and operational expansion.
For the full FY26 financial year, the company reported net profit of ₹500.9 crore, significantly higher than ₹297.3 crore in FY25. Total income for the year increased to ₹8,988.3 crore compared with ₹7,009.3 crore last year.
Founder and CEO Peyush Bansal said the company is entering a “compounding phase,” driven by deeper customer engagement, premiumisation, and rapid expansion across India and global markets.
India revenue rose 44.1% year-on-year during Q4 FY26 to ₹1,475 crore, supported by same-store sales growth of 24.2%. During FY26, the company added 542 net new stores in India compared with 282 additions in FY25, taking its global store count to over 3,300 locations.
Meanwhile, brokerage firm Motilal Oswal reiterated its “Buy” rating on the company and raised its target price to ₹650, implying an upside potential of around 34% from current levels.
The brokerage termed Lenskart a “high conviction buy,” highlighting strong operating leverage, premiumisation, supply-chain efficiencies, and improving international profitability. It noted that FY26 revenue growth accelerated to nearly 32% year-on-year compared with 23% growth in FY25, while EBITDA surged around 96% with margin expansion of nearly 370 basis points.
Motilal Oswal also raised its FY27 and FY28 EBITDA estimates by around 15% and 10%, respectively, citing stronger visibility on growth and profitability.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.