Abu Dhabi Investment Authority (ADIA) sold 3.5 crore Lenskart shares worth ₹2,390.57 crore in an open market transaction on Monday, reducing its holding to 7.76% from 9.77%. According to NDTV, ADIA, through its affiliate Platinum Jasmine A 2018 Trust, sold 3.5 crore shares representing a 2.01% stake in the Gurugram-based eyewear company. The shares were offloaded at an average price of ₹683.02 apiece, with the transaction bringing ADIA's holding down to 7.76% from 9.77%. After the stake sale, ADIA will remain the second largest public shareholder in Lenskart after SoftBank. The buyers of the shares could not be identified from the exchange data.
Lenskart Solutions shares fell 3.10% to close at ₹685.30 on the NSE following the significant block deal activity in the eyewear retailer. According to NDTV, the stock decline came after ADIA's stake sale worth ₹2,390 crore. The shares had previously hit a record high of ₹725 on the National Stock Exchange before the decline. Despite the recent decline, Lenskart shares have gained more than 53% year-to-date and have more than doubled from their listing day low of ₹355.70. The company's market capitalisation currently stands at over ₹1.2 lakh crore, with the stock having gained around 5% in one month and 2% in a week. The stock had hit a record high of ₹725 on Friday, September 18, 2025, and has zoomed 104% from its listing day low of ₹355.70, currently trading 80% higher against its issue price of ₹402 per share.
Lenskart Solutions delivered exceptional Q1 FY27 results with net profit surging 270% to ₹222 crore, compared to ₹60 crore in the previous year. The company's revenue grew 43.3% to ₹2,714.2 crore from ₹1,894.5 crore year-on-year. EBITDA jumped 75.1% to ₹588.5 crore, with EBITDA margin expanding to 21.7% from 17.7% in the previous year. However, the first quarter included a one-time loss of ₹10.4 crore. Profit after tax (PAT) margin expanded 443 basis points year-on-year to 8.4% from 4%, demonstrating significant operational efficiency improvements. EBITDA before Ind AS 116 rose to a margin of 13.3% from 9.1% in Q1 FY26, while consolidated product margin crossed 70% for the first time, rising to 70.3% in Q1 FY27 from 68.7% a year ago. According to CNBC TV18, this came despite the rupee depreciating against the Chinese yuan. India product margin improved to 64.2% from 63.4%, while international product margin rose to 77.1% from 75.9%. India revenue grew 30.7% year-on-year, while international revenue increased 38%.
In May, Lenskart reported a 7.5% year-on-year decline in consolidated profit after tax (PAT) to ₹203.6 crore in the March quarter due to a rise in expenses on components and inventories, as reported by The Hindu BusinessLine. The company had posted a PAT of ₹220.1 crore in the same period a year ago. However, revenue from operations grew 45.62% to around ₹2,516 crore in the March quarter from ₹1,728 crore in the year-ago period. This recent performance follows a series of transactions by existing investors in the eyewear retailer, including SoftBank Group divesting a 3.25% stake in June this year for ₹2,873 crore. The company has created a strong moat alongside a scalable and profitable business model with end-to-end vertical integration from centralised manufacturing to retailing and AI-enabled operations, resulting in a cost structure that is 35-40% lower than the industry average. The company operates with domestic manufacturing capacity of 25 million units (another 50 million unit facility will commence in Hyderabad), and an extended store network of 2,725 stores in India as of Q1FY27.
