Lenskart sees 21% growth in Q2 revenue in first earnings after public debut

Omnichannel eyewear retailer Lenskart saw its operating revenue and profit after tax (PAT) grow by 21% and 20%, respectively, in the September quarter, marking the company’s first earnings since it hit domestic bourses. 

The Peyush Bansal-led company saw its topline improve to Rs 2,096 crore from Rs 1,735 crore in the corresponding quarter in the previous year. On a sequential basis, it saw a 10% improvement in its revenue from Rs 1,894 crore in the June quarter, according to an exchange filing. 

In a shareholder letter, the company said its topline growth was primarily driven by volume, with the number of eyewear units growing 21.7% in the second quarter. 

During the same period, it saw its bottomline improve 19% to Rs 103.4 crore from Rs 86.3 crore. On a sequential basis, the improvement was much larger, as its profits grew by about 70% from the June quarter—a key win considering its subdued listing. 

Lenskart, which went public with a Rs 7,278 crore IPO earlier this month, saw its issue subscribed 28 times by the final day of bidding. However, the NCR-based company saw a tepid debut, with its shares listing at a discount amid valuation concerns among investors. 

The company saw revenue from its international operations turn profitable, clocking Rs 31 crore compared to a loss of Rs 10 crore in the previous year. The segment’s revenue grew by 19% to Rs 879 crore.

Lenskart also flagged that in September, temporary uncertainty around potential GST revisions for prescription eyewear led to some customers deferring purchases into October. However, demand has further strengthened in Q3 FY26. 

During the period, the company accelerated its expansion in Tier II cities, and its revenue per store in Tier II continues to be as healthy as Tier I, with better profitability. 

In FY26, the company is targeting more than 450 net store additions. Lenskart expects a stronger growth trajectory across both revenue and EBITDA in Q3 FY26.