Lenskart Solutions delivered exceptional second quarter results with consolidated net profit surging 124.7% to ₹232.5 crore from ₹103.5 crore in the corresponding quarter last year. According to Business Standard, the company's revenue from operations rose 32.5% to ₹2,845.03 crore compared to ₹2,096.14 crore in Q2FY26. The strong performance was supported by robust operational metrics, with total expenses increasing 31.1% to ₹2,596.80 crore compared with ₹1,980.34 crore in the year-ago period, highlighting the company's robust expansion strategy. Sequentially, net profit increased 1.8% from ₹228.4 crore in the preceding quarter, while operating revenue grew 4.8% from ₹2,714.2 crore, demonstrating consistent quarter-on-quarter growth momentum.
The company demonstrated improved operational efficiency with EBITDA margin expanding to 21.9% from 19.8% in the previous year. As reported by The Economic Times, this margin improvement reflects better cost management and operational leverage as the business scales. The EBITDA growth of 50% to ₹621.8 crore significantly outpaced the revenue growth, indicating enhanced profitability across the company's operations. The substantial increase in total expenses of 31.1% was strategically aligned with the company's expansion plans and growth initiatives, with the company's strategic focus on quality and value addition paying dividends in the current quarter.
According to Upstox Securities reports, the revenue from operations jumped 32.5% year-on-year to ₹2,845 crore for the quarter ended September 2026, led by volume growth and premiumisation. This growth trajectory demonstrates the company's successful strategy of expanding market presence while maintaining focus on higher-value products and services. The strong performance across both volume metrics and premium segments has supported the company's overall growth momentum and profitability improvements, with the company's strategic focus on quality and value addition paying dividends in the current quarter. Including other income of ₹54.5 crore, Lenskart's total income stood at ₹2,899.5 crore during the quarter, compared with ₹2,129.4 crore a year earlier.
The company's EBITDA performance showed remarkable improvement with 65% year-on-year growth to ₹392 crore from ₹237 crore in the previous year, as reported by regulatory filings. EBITDA margins expanded significantly to 13.8% from 11.1% during the same period, demonstrating enhanced operational efficiency and profitability. This substantial improvement in EBITDA metrics reflects the company's focus on cost optimization and operational leverage, with the company's strategic investments in expansion and technology initiatives paying dividends in the current quarter.
The company's India business reported revenue of ₹1,668 crore, up 35.3% from ₹1,230.6 crore in the year-ago quarter, with same-store sales growth reaching 20.8% compared with 14.8% a year ago. According to regulatory filings, Lenskart added 143 net new stores in India, including 94 in Tier 2+ markets, and entered 61 new cities, expanding its network to 2,868 stores across 665 cities. The growth was supported by 26.5% growth in eyewear volumes and rising demand for premium lenses, with growth across metros, Tier 1 and Tier 2+ markets demonstrating the company's successful multi-market strategy. The company conducted 80 lakh eye tests globally, up 40.4% year-on-year, and Lenskart Gold crossed one crore active members in India, reaching 1.03 crore at quarter-end, up 38.6% year-on-year. The revenue trajectory demonstrates sustained demand in organized eyewear retailing and indicates healthy store paybacks with expanding market share across key domestic and international territories.
International revenue increased 29.5% year-on-year to ₹1,201 crore, supported by strong performance across Japan, Southeast Asia, the Middle East and other geographies. Growth stood at approximately 23% on a constant-currency basis, while eyewear volumes increased 29.7%. International EBITDA grew 86.8% to ₹127 crore, with margins expanding to 10.6% from 7.3% year ago, marking the second consecutive quarter of margins above 10%. The company added 22 net new stores in the quarter, taking its global network to 3,624 stores. Of the new stores, 12 were in Southeast Asia, three in the Middle East, two in Japan and five in other markets, demonstrating the company's successful international expansion strategy.
Lenskart continued to expand technology-enabled eye care, with remote optometry now available in 934 stores across India, compared with 303 a year ago. AI is increasingly being deployed across customer service, employee training, inventory planning and manufacturing to improve efficiency and customer experience. During the quarter, Lenskart expanded the availability of B, its smart glasses, to more than 500 stores across India and online. The company's Bhiwadi facility uses robotic production processes and AI-enabled quality checks to manufacture prescription eyewear for domestic and international markets. In-house frame manufacturing grew 71.7% year-on-year, while lens manufacturing increased 52.2%, helping offset currency pressures and strengthen control over product quality and costs. The company generated ₹388 crore in operating cash flow during H1FY27, covering ₹187 crore of capital expenditure on stores, refurbishments and remote optometry.
