The eyewear retailer posted a consolidated net profit of Rs 131.02 crore for Q3FY26, marking a massive 6,983% increase from Rs 1.85 crore reported in the same period last year. The profit after tax (PAT) is attributable to the owners of the holding company.
Revenue from operations rose 38% year-on-year to Rs 2,308 crore, compared to Rs 1,669 crore in Q3FY25. According to the company’s regulatory filing, the revenue growth was primarily driven by volume expansion and new customer additions. India operations grew 40.4% YoY, while the international business recorded a 33% YoY rise.
This marks Lenskart’s second earnings announcement since its listing on 10 November 2025.
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Management commentary
Speaking during the post-earnings call, Founder and CEO Peyush Bansal said the company’s improving operating leverage is now translating into stronger profitability.
“In Q2, we said we are entering a compounding phase. Q3 validates that decisively. This is not cost-cutting. This is operating leverage. The compounding has begun,” Bansal told analysts, highlighting that incremental revenue is increasingly contributing to profit growth.
Key operational highlights
Lenskart conducted 63 lakh eye tests during the quarter, registering 54% YoY growth.
Eyewear units sold stood at 89 lakh, up 30% year-on-year.
The company added 195 new stores in Q3FY26, reflecting 141% growth. This included 169 stores in India and 26 in international markets.
Year-to-date (FY26), net store additions stood at 420 compared to 193 in the first nine months of FY25.
Revenue per new store in India posted a 5% CAGR from FY24 to 9M FY26, indicating improving throughput, operational consistency and strong traction in Tier 2 and beyond markets.
On Wednesday, shares of Lenskart Solutions closed 1.65% lower at Rs 467.60 apiece on the NSE.
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