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Lenskart's Profit Surges 70% on Global Expansion
11 Feb
Summary
- Revenue climbed 38% to Rs 2,307.7 crore in Q3 FY26.
- Net profit saw a substantial 70% increase.
- International operations grew revenue by 40%.
Lenskart announced a robust financial performance for the third quarter of fiscal year 2026, with net profit increasing by 70% and revenue climbing by 38% to Rs 2,307.7 crore. The eyewear retailer's international business has been a significant growth driver, contributing Rs 936 crore in revenue, marking a 40% increase from the previous year.
This international segment, which recently turned profitable, recorded Rs 32.5 crore in profits during the December quarter. Lenskart attributes this success to healthy product margins, historically higher in international markets, alongside maturing store cohorts and reduced capital expenditure per store. The company's expansion into Tier II cities has also yielded operational efficiencies, further bolstering its financial results.
