Lenskart Shares Surge 12% on Record Q3 Profit
Lenskart Solutions saw its shares soar 12.46% to Rs 524.45 on the BSE after reporting a spectacular Q3 FY26 performance. The company posted a consolidated net profit of Rs 131.03 crore, marking a 70-fold year-on-year jump from Rs 1.85 crore in the same period last year. Consolidated revenue grew 37% YoY to Rs 2,307.7 crore, driven by a 29% increase in eyewear units sold.
CEO Peyush Bansal highlighted that the growth is driven by structural operating leverage rather than cost-cutting, signaling a sustainable profitability model. The international segment turned profitable, and India pre-Ind AS EBITDA doubled YoY, reflecting strong operational performance. Lenskart also announced a soft launch of its ‘B smart glasses’ powered by Qualcomm AR1 chip and Google Gemini Live, marking a move into wearable technology.
Brokerage JM Financial said the results reinforced confidence in Lenskart’s model, where growth and profitability coexist. The firm retained its “Buy” rating and raised the 12-month target price to Rs 565 per share from Rs 535, citing continued investments in affordability, assortment, and market reach as drivers of long-term revenue growth.
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