Lenskart share price surged 10% in the early trading hours today (February 12) after the company posted a sharp jump in its December quarter numbers (Q3FY26). The eyewear retailer reported a rise in profit for Q3FY26, surprising the Street with the scale of improvement.
Let’s take a look at the key factors investors are likely to focus on post the Q3 result –
Lenskart Q3: Profit jumps sharply, but base effect matters
For the October–December quarter (Q3FY26), Lenskart reported a consolidated net profit of Rs 131 crore. In the same quarter last year, profit stood at just Rs 1.85 crore. This translates into a rise of nearly 70 times.
Looking at the first moment, the number looks extraordinary. However, the comparison base was very low last year. Even so, the sharp improvement shows that the company has moved into a stronger earnings phase.
The company did report an exceptional loss of Rs 5.3 crore during the quarter. This was linked to expenses related to its fresh issue of shares under the initial public offering (IPO).
Lenskart Q3: Revenue growth backed by store expansion
Revenue from operations rose 38% year-on-year to Rs 2,307.7 crore, compared to Rs 1,668.8 crore a year earlier.
Lenskart added 195 net new stores during the quarter, more than double the 81 stores added in the same period last year. Of these, 169 stores were opened in India and 26 in international markets.
The company also conducted 6.3 million eye tests during the quarter, up 54% year-on-year. In India alone, eye tests crossed 5.5 million, with nearly half being first-time exams.
Lenskart Q3: Margins improve as scale kicks in
Looking further at the financial number, the total expenses increased 28% year-on-year to Rs 2,162.6 crore. EBITDA grew nearly 1.9 times compared to last year. Operating margins expanded from 14.5% to 20%.
When put in simple words, the company is earning more profit on every rupee of sales than it did a year ago.
Lenskart: A look back at the IPO journey
Lenskart opened its IPO between October 31 – November 4, 2025. The company raised Rs 7,278 crore through a mix of fresh issue and offer for sale. The price band was fixed between Rs 382-402 per share.
The stock listed at a slight discount, opening at Rs 390 on BSE and Rs 395 on NSE. However, after a muted debut, the stock recovered and moved higher in subsequent sessions.
Lenskart share performance
In the last five trading sessions, Lenskart shares have gained nearly 6%. Over a five-month period, the stock has risen about 4%. The 52-week high stands at Rs 495, while the 52-week low is Rs 356.10.