Eyewear retailer Lenskart Solutions Limited informed stock exchanges on Thursday about a cyber incident affecting a sub-vendor of its Singapore-based group company. According to the regulatory filing to the National Stock Exchange (NSE) and BSE, the company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to inform exchanges of material events. The latest announcement specifically confirms that the incident occurred at a sub-vendor of Lenskart Solutions Pte. Ltd., affecting its Singapore business operations. As per the company's filing, there has been no disruption to the company, the group company or its customers as a result of the incident.
As reported by Lenskart, the company stated it had been made aware of a cyber incident with a sub-vendor connected to the Singapore business of its group company, Lenskart Solutions Pte. Ltd., and that the matter had been promptly identified and remediated. The company emphasized that there was no disruption to the company, the group company or its customers as a result of the incident. This voluntary disclosure was framed as a good governance measure to reassure stakeholders about data security and compliance practices, even though the incident pertained to a third-party vendor rather than its own systems or Indian operations. The group company has, in compliance with applicable law, notified the concerned data privacy regulator in Singapore about the incident.
Lenskart announced exceptional financial results for Q1 FY27, with consolidated net profit surging to ₹221.84 crore compared to ₹60.08 crore in the year-ago period, representing a multifold increase. The company's revenue from operations grew 43.3% to ₹2,714.18 crore in Q1 FY26, compared to ₹1,894.46 crore in Q1 FY25. Revenue from the India segment grew 30.7% to ₹1,531 crore, while international revenue rose 38% to ₹1,203 crore. The company added 132 net new stores during the quarter, bringing its total active store count to 3,459. Sequentially, the company's profit and revenue rose 10.7% and 7.9% respectively, demonstrating strong momentum across all business segments.
The company conducted 70 lakh (0.7 crore) eye tests during the quarter, marking a 39.8% increase over the previous year. Lenskart Chairman & CEO Peyush Bansal emphasized the company's focus on market creation rather than competition, stating that around 94 crore Indians will need eyeglasses and the company's ambition is to serve every one of them. The company reported that sign-ups for its smart glasses, B by Lenskart, which are priced at ₹22,000 and feature Google Gemini integration, have crossed 80,000. The board approved increasing the equity stake in its Chinese frame-manufacturing joint venture, Baofeng Framekart Technology Ltd, from 51% to 70%, valued at around RMB 7.5 million (about ₹10.6 crore).
