Eyewear retailer Lenskart reported a 20% year-on-year increase in net profit to Rs 103.5 crore in Q2FY26, according to regulatory filings. The company reported a 21% y-o-y rise in revenue from operations at Rs 2,096 crore, as compared to Rs 1,735.7 crore in the year-ago period, for its first quarterly results post listing.
Growth Drivers
Most of the revenue growth came from higher volume, as the company sold 8.3 million eyewear units in the September quarter, 20% more than in the same period last year. Its international business also posted a 26% rise in revenue. Overall, Ebitda margins expanded to 19.8% in Q2, from 17% at the end of FY25.
“In both Q2 and H1, our stores delivered around 15% same store sales growth (SSSG), consistent with FY25 levels. Beyond SSSG, we achieved nearly 20% same pincode sales growth, indicating that we are gaining market share within micro-markets rather than cannibalising existing stores,” the company noted in its shareholder letter.
While temporary uncertainty around potential GST revisions for prescription eyewear led to some customers deferring purchases into October, Lenskart still had strong growth in Q2, and the demand has further strengthened in Q3, it added.
Omnichannel Strategy
The company added 203 net new stores during the quarter, taking the total number of stores to 2,270, including a higher number of store additions in tier 2 and 3 cities. Lenskart has plans to add 450 net new stores in this financial year.
