Lenskart Solutions shares surged 7% to hit their intraday and 52-week high of ₹627 on Thursday, August 13, marking a historic milestone as the stock crossed the ₹600 level for the first time. According to The Economic Times, this represents a 55.9% gain from its issue price of ₹402 and 11.2% increase in the past month and 36.7% year-to-date growth. The strong performance was driven by exceptional Q1 FY27 results that demonstrated robust growth across both domestic and international markets, with the company's international business leading the growth momentum.
Lenskart reported exceptional Q1 FY27 results with revenue from operations growing 33.6% to ₹2,214 crore compared to the previous year, as reported by The Economic Times. The company's profit after tax (PAT) surged dramatically to ₹228.43 crore from ₹61.17 crore in the previous fiscal year, while EBITDA increased 61.3% to ₹589 crore. EBITDA margins expanded significantly to 21.7% from 18.0% in the year-ago period, demonstrating strong operational efficiency. The company's India business revenue increased 30.7% to ₹1,530.82 crore with EBIT up 53.3% at ₹183.28 crore, while international business revenue grew 38% with EBIT increasing to ₹103.67 crore from a loss of ₹11.4 crore last year. Consolidated product margin crossed the 70% mark for the first time, reaching 70.3% in Q1 FY27 compared with 68.7% a year earlier.
Lenskart's operational metrics showed impressive growth with eye tests increasing 40% to 7 million in Q1, according to The Economic Times, while India same store sales growth (SSSG) was at 18.3%. The company added 132 net new stores during the quarter, bringing its total active store count to 3,459, with India store count reaching 2,725 and international network at 734 stores. India average selling price (ASP) grew 6.4% to ₹1,856 from the previous year, while volumes increased 25.7%, indicating strong customer engagement and pricing power. AI-enabled self-eye tests have been introduced at pilot stores and could drive incremental tests and support customer acquisition. The company conducted 70 lakh (0.7 crore) eye tests during the quarter, demonstrating robust customer engagement across its network.
Jefferies has dubbed Lenskart's Meller subsidiary a potential 'Ray-Ban of the future' following its strong performance in the June quarter, as reported by The Economic Times. Meller, which was a $35 million brand and is now on track to become a $70 million brand, is gaining strong global following with boutique stores in Amsterdam, Barcelona and Paris establishing presence in fashion-focused markets. Jefferies maintains its 'buy' rating with a target price of ₹680, indicating 16% upside potential, citing further potential from international growth, premiumisation, store expansion and Meller's rapid growth trajectory. The international business now contributes 35% of consolidated adjusted EBITDA, with gross margin improving to over 77% and adjusted EBITDA margin expanding by more than 6 percentage points to 10.6%.
Lenskart's board approved several strategic moves during the quarter, including increasing its equity stake in Chinese joint venture Baofeng Framekart Technology Ltd from 51% to 70%, valued at around RMB 7.5 million (about ₹10.6 crore). According to The Hindu BusinessLine, the company also announced the incorporation of OWNDAYS Korea in South Korea and Wenzhou Framekart Trade Co, Ltd in China as step-down subsidiaries. Additionally, the board approved a scheme of merger for its wholly-owned subsidiaries, Dealskart Online Services Pvt Ltd and Lenskart Eyetech Pvt Ltd, into Lenskart Solutions Ltd. Global index provider MSCI announced on Thursday that it will add Lenskart and three other Indian companies to its widely tracked Global Standard index as part of its August review, with changes effective September 1, 2026.
Of the 21 analysts covering Lenskart Solutions, 17 have a 'buy' rating, three have a 'hold' rating and one has a 'sell' rating, according to CNBC TV18. Jefferies highlighted that the company now plays at the bottom end with a fully-loaded ₹500 crore product, while a clear premiumization trend is visible. HSBC noted that premium multiples of 45 times and 30 times for FY30 enterprise value and EBITDA factor potential, respectively, while Citi expects strong execution across all parameters. Lenskart's smart glasses have received encouraging response with more than 80,000 sign-ups so far, with shipments started and availability at stores expected soon. The company expects healthy same-store sales growth (SSSG) to continue despite rising store density and sees scope to expand to more than 10,000 stores in India.
