Shares of Lenskart Solutions surged more than 10% in early morning trade on February 12 (IST) after the company posted a strong set of consolidated Q3 earnings, driven by sharp growth in revenue, operating profit, and net profit on a year-on-year basis.
The eyewear major reported revenue of ₹2,308 crore for the quarter, marking a 38.3% increase compared to ₹1,669 crore in the same period last year. The robust topline growth reflects continued expansion across markets, strong demand momentum, and steady performance across both online and offline channels.
Operating performance improved significantly during the quarter. EBITDA rose 118.9% to ₹464 crore, compared to ₹212 crore in the year-ago period. The sharp rise in operating profit translated into a notable expansion in margins, with EBITDA margin improving by 740 basis points to 20.1%, up from 12.7% last year. The margin expansion indicates better operating leverage, cost efficiencies, and improved scale benefits as the company continues to grow its footprint.
Net profit for the quarter stood at ₹131 crore, a substantial jump from ₹1.9 crore in the corresponding quarter of the previous year.
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