Lenskart Solutions shares gained 2.12% to ₹641.70 on Wednesday, reflecting positive market sentiment following the company's strong quarterly results. The stock has maintained a strong winning run since its listing, delivering 56% returns from the issue price of ₹402. In the current month alone, the stock has advanced 12%, building on a 9% jump in July. The rally has helped the stock gain 39% in 2026 so far, even as broader markets remained volatile.
The company reported a net profit of ₹227.96 crore in Q1 FY27, compared with ₹60.59 crore in the same period last year, marking a 273% year-on-year increase. Revenue from operations grew 43.3% YoY to ₹2,714.18 crore, compared with ₹1,894.46 crore in Q1 FY26. Earnings Per Share (EPS) reached ₹1.28 in June 2026, up from ₹0.36 in the same quarter last year. On an annual consolidated basis, the company's revenue showed substantial growth, climbing to ₹8,814.04 crore in 2026 from ₹3,788.03 crore in 2023, while net profit turned positive and grew significantly from a loss of ₹59.68 crore in 2023 to a profit of ₹505.35 crore in 2026.
According to Live Mint, in its Q1 earnings filing, the company announced that its board had approved an increase in its equity stake in Baofeng Framekart Technology Ltd. from 51% to 70%. The acquisition of the additional stake is valued at around RMB 7.5 million, or approximately ₹10.6 crore. The company also holds a 95% stake in BFT, which operates as a joint venture of Lenskart Solutions.
The company announced the incorporation of Wenzhou Framekart Trade Co., Ltd. in China on August 14, 2026, as reported by Live Mint. The newly incorporated entity will focus on eyewear and allied optical products business, undertaking trading, importing, exporting, and procuring of spectacle frames and related optical products, materials, equipment, and technology for Baofeng Framekart Technology Limited (BFT). BFT will hold a 95% equity interest in the Chinese entity with an investment of RMB 1 million through cash consideration.
During the June quarter, the international business delivered strong growth with volumes rising 37% YoY to 2.3 million, compared with 28% growth in Q4. The implied ASP remained flat YoY at ₹5,278. In the domestic market, volumes grew around 23% YoY to 8.2 million, while the implied average selling price (ASP) increased around 6% YoY to ₹1,856, driven by premiumisation. The company added 132 net stores in Q1 FY27, comprising 116 stores in India and 16 internationally, taking its total store count to 3,459, up around 23% YoY.
