Lenskart Shares Hit Record High After Q3 FY26 Profit Jumps To ₹132.7 Crore

Shares of eyewear firm Lenskart surged 12.48% to hit a record high of ₹526 apiece on the NSE on Thursday, February 12, after the company reported a multifold rise in consolidated profit after tax for the December quarter.

The company posted a consolidated profit after tax of ₹132.7 crore in Q3 FY26, compared with ₹1.8 crore in the same period a year ago.

Revenue from operations rose 38% to ₹2,308 crore during the reported quarter from ₹1,669 crore in the December 2024 quarter.

"Revenue grew 37.4% YoY in the third quarter (Q3), FY26, driven primarily by volume expansion and new customer addition. India grew 40.4 per cent YoY, while international grew 32.7% YoY, reflecting the compounding platform," the company said in a statement.

Profit before tax in the domestic market grew more than threefold to ₹161 crore from ₹48 crore on a year on year basis. The company reported a profit before tax of ₹32.5 crore from the international market, which had posted a loss before tax of ₹42.4 crore in the same period last year.

"International grew 32.7% YoY, with EBITDA margins improving from 2% to 6.1% in 9 months, significantly ahead of where India was at a comparable scale. With 705 international stores and the 1st position in Singapore, we are building a global platform. Technology trained on millions of Indian customers now strengthens operations everywhere," Lenskart CEO Peyush Bansal said in a letter to shareholders.

He said the international segment is outpacing India's historical profitability curve, with superior profitability with half the footprint.

Lenskart converted past loans granted to overseas subsidiaries Lenskart Singapore and NESO brands into equity due to their inability to "service the principal and interest obligations".

Bansal said the international segment achieved 6.1% operational profit with 705 stores in the nine months of the current fiscal year, while India was at 0.3% with more than double the number of stores in FY23.

"The acceleration comes from higher product margins and applying our battle-tested India playbook from day one," Bansal said.

He added that India delivered a record 28% same store sales growth with 36% same pincode sales growth during the reported quarter, which was an 800 basis points premium.

Lenskart said it conducted over 60 lakh eye tests during the quarter, of which nearly half were first time exams.

"India's eyewear market is ₹79,000 crore today, but the need-based market exceeds ₹4 lakh crore. More than 500 million people in India need vision correction. Every eye test expands the addressable market itself," Bansal said.

The company announced ESOP 2021 of around 2.6 crore options valued at about ₹1,212 crore and ESOP 2025 of 72.8 lakh options valued at about ₹335 crore, based on the closing price of ₹466.65 on the BSE on Wednesday.

IPO and listing details

Shares of Lenskart Solutions made a weak debut on November 10, 2025, listing at a discount of 3% to the issue price of ₹402.

The stock opened at ₹390 on the BSE, down 2.98%, and later fell 11.52% to ₹355.70 before recovering to ₹403.80. On the NSE, the shares listed at ₹395, a discount of 1.74%, and declined 11.41% to ₹356.10 before rebounding to ₹404.

The ₹7,278 crore IPO was subscribed 28.26 times on the final day, led by institutional investors. The price band was ₹382 to ₹402 per share.

The issue comprised a fresh issue of ₹2,150 crore and an offer for sale of 12.75 crore equity shares by promoters and investors.

The company said it would use the IPO proceeds for strategic initiatives, including capital expenditure to set up new company operated, company owned stores in India, and payments under lease, rent, and licence agreements for these stores.