[[{“value”:”
Shares of recently listed omnichannel eyewear retailer Lenskart rallied 9.04% to INR 448.40 apiece during the intraday trading on the BSE today after the company reported strong Q2 FY26 results on November 29 (Saturday).
At 12:55 IST, the stock was trading 5.8% higher at INR 435.05. The company’s market capitalisation stood at INR 75,501 Cr (about $9.1 Bn).
In its first financial disclosure after listing, Lenskart reported a 19.8% rise in consolidated net profit to INR 103.4 Cr in Q2 FY26 from INR 86.3 Cr in the same period last year. Operating revenue grew 20.8% to INR 2,096.1 Cr during the quarter under review from INR 1,735.7 Cr in Q2 FY25.
The company’s India operations brought in INR 1,230.6 Cr, accounting for roughly 58.7% of its operating revenue for the quarter. The international segment contributed INR 879.6 Cr to the top line.
In its post-earnings call today, Lenskart founder Peyush Bansal said that the international market is around three years behind India. However, the operating leverage and profitability is kicking in sooner than it was achieved in India, he added.
Outside India, Lenskart has a presence in Singapore, the UAE, Japan, Thailand, and Saudi Arabia. While the company claims to be leading in Singapore and the UAE, it is at a nascent stage in other international markets.
Bansal said that the company has four core pillars:
- Vertical Integration: As per the company, its in-house manufacturing has strengthened product margins, which has improved to 69% from 64% in FY23.
- Omnichannel Customer Acquisition: Around 45% of the company’s sales are digitally influenced, which has expanded faster than marketing spends, Bansal claimed. He added that even though the company spent more on marketing in absolute terms, marketing as a percentage of revenue fell from 9.7% in FY23 to 7.5% in H1 FY26 due to brand pull.
- Technology Scale: Several costs such as tech and analytics are fixed. As volumes grow, these fixed costs dilute.
- Brand Strength: Customer word-of-mouth continues to reduce acquisition cost
Talking about the future roadmap, Bansal said that Lenskart’s smart glasses, branded “B by Lenskart”, will enable hands-free calling, taking photos, videos, real-time translation, AI assistance, food logging, UPI payments, and seamless integration into digital life. The product will be commercially launched in Q4 FY26.
“This transforms us from an eyewear company to an eyewear and data company. This is not just another product. It’s a combination of our full-stack approach. We are designing the hardware, developing the software and mobile app in-house, and building it on Qualcomm’s advanced AR1 chip,” he added.
Last week, brokerage firm Jefferies initiated coverage on Lenskart with a buy rating and a target price of INR 500 Cr.
The post Lenskart Shares Rally 9% After Q2 Profit Jumps 20% appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media