Shares of Lenskart Solutions Ltd climbed more than 4% to ₹428.65 on Monday, December 1, after the company posted strong second quarter numbers and signalled an improved growth outlook for the coming quarter.
Lenskart reported a 19.7% year-on-year rise in net profit to ₹102.2 crore compared to ₹85.4 crore last year. Sequentially, profit jumped 70.3% from ₹60 crore in the previous quarter. The company recorded no exceptional loss in Q2, against ₹10.4 crore in Q1 FY26.
Revenue increased 20.8% year-on-year to ₹2,096 crore from ₹1,735.6 crore a year ago. It was also up 10.6% sequentially from ₹1,894.4 crore. EBITDA improved sharply, rising 44.5% to ₹414.2 crore compared to ₹287 crore last year, and up 23.3% quarter-on-quarter. The company’s EBITDA margin expanded to 19.76% from both the year-ago period and the previous quarter’s 18%.
For the first half of FY26, consolidated EBITDA rose 54.9% over last year. The company now plans over 450 net store additions in India for FY26, compared to 282 stores added in FY25. Lenskart also said that performance through the end of November shows stronger growth momentum for Q3 across revenue and EBITDA.
Brokerage firm Jefferies, which recently initiated coverage with a “buy” rating and a price target of ₹500, noted that Q2 marks the beginning of the company’s compounding phase. The brokerage highlighted that tech and supply chain improvements are unlocking operating leverage, while AI now plays a role across the organisation. It added that India’s store expansion potential and calibrated global growth reinforce the long-term opportunity for the company.
