Lenskart Solutions Limited posted robust financial results for the quarter and half-year ending September 30, 2025, driven by growing demand, operational efficiency, and continued expansion of its retail network.
Quarterly and Half-Year Performance
For Q2 FY26, Lenskart’s India business reported ₹21,466 million in revenue, a 23.9% year-on-year increase. EBITDA rose 34.5% YoY to ₹4,258 million, translating into a 19.8% margin. Profit After Tax (PAT) surged 49.6% YoY to ₹1,130 million, with a PAT margin of 5.3%.
For H1 FY26, consolidated revenue reached ₹41,788 million, up 25.3% YoY, while EBITDA increased 37.1% to ₹7,908 million (margin 18.9%). PAT almost doubled to ₹1,937 million, reflecting a 98.1% YoY growth and improved margins of 4.6%.
Growth Drivers
Volume Expansion: Eyewear units in India rose 23.7% in H1 and 21.7% in Q2 YoY, supporting overall revenue growth.
Customer Engagement: Transacting customer accounts increased 29.6% in H1 and 25.6% in Q2, demonstrating stronger brand visibility and deeper customer connections.
Same-Store and Micro-Market Performance: Same Store Sales Growth (SSSG) held steady at ~15% in both Q2 and H1, while Same-Pincode Sales Growth reached around 20%, reflecting effective market penetration without cannibalising existing stores.
International Segment Performance
Lenskart’s international operations continued their upward trajectory. H1 FY26 revenue grew 26.1% YoY, with EBITDA margin improving to 18.2%. In Q2 FY26, revenue climbed 26.2%, while EBITDA margin increased to 19.5% from 17.7% in Q2 FY25. This reflects consistent global performance and growing acceptance of the brand across regions.
Expansion Plans
The company added scale in H1 FY26 and aims to accelerate store expansion, targeting over 450 net new stores in India during FY26, compared to 282 in FY25. Consolidated EBITDA (pre-IndAS 116) grew 54.9% YoY in H1 FY26. Preliminary performance trends through November indicate continued growth in both revenue and EBITDA heading into Q3 FY26.
Summary
Lenskart delivered strong financial results in Q2 and H1 FY26, with 23.9% quarterly revenue growth and significant gains in EBITDA and PAT. Growth was driven by higher eyewear volumes, expanding customer base, steady same-store sales, and robust international performance. The company continues to scale its retail footprint and expects sustained momentum in the upcoming quarters.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.