Lenskart net profit jumps 122 per cent to Rs 227 crore
Stronger same-store sales in India and reduced operating costs helped the eyewear company exceed market estimates for the September quarter.
Lenskart Solutions recorded a 122 per cent rise in consolidated net profit to Rs 227 crore for the September quarter, according to Financial Express. This figure surpassed the Bloomberg estimate of Rs 208 crore.
The company's revenue from operations grew 35.7 per cent to reach Rs 2,845 crore, which was slightly above the projected Rs 2,806 crore. Ebitda for the period was Rs 624 crore, while the margin rose to 21.9 per cent from 19.8 per cent in the previous year.
In India, eyewear volumes increased 26.5 per cent to 8.55 million units. The company also conducted 7 million eye tests, representing a 44.1 per cent rise, with over half of these being first-time examinations.
Lenskart expanded its footprint by adding 165 net new stores during the quarter, bringing its total network to 3,624. Of these additions, 143 were located in India, including 94 in Tier 2+ towns.
International revenue saw a 29.5 per cent like-for-like increase to Rs 1,201 crore, with growth noted in the Middle East, Southeast Asia, and Japan. The company added 22 stores overseas during this period.
For the first half of FY27, Lenskart's revenue rose 39.3 per cent to Rs 5,559 crore, while net profit climbed to Rs 449 crore from Rs 162 crore in the same period last year.