Despite SoftBank's significant stake reduction, Lenskart has demonstrated remarkable resilience with its stock rising 46% year-to-date on BSE, significantly outperforming the Sensex's 12.28% decline. According to BSE shareholding data for September 2026, the Japanese investment holding company has cut its stake in the eyewear retailer to 7.27% from 13.13% in March through two block deals this year. The stock closed 0.78% up at ₹647.70 on NSE and 0.55% higher at ₹646.35 on BSE on Friday.
Foreign portfolio investors have shown strong confidence in Lenskart, with their stake increasing to 18.26% at the end of September from 12.76% in June. The number of FPIs more than doubled to 720 from 311 during the quarter, while mutual funds also increased their holdings to 15.91% from 12.2%. Together, these institutional investors picked up approximately 160 million shares in the quarter. According to BSE shareholding data, SBI Aggressive Hybrid Fund emerged as the largest MF holder at 3%, followed by Kotak Technology Fund at 1.76% and HSBC Multi Cap Fund at 1.34%.
In Q2FY26, Lenskart reported strong quarterly results with net profit expanding 12.18% to ₹228.43 crore and revenue from operations improving 7.89% to ₹2,714.18 crore compared to Q1FY26. The company's profit before tax (PBT) surged 200.45% year-on-year to ₹299.61 crore, while EBITDA jumped 82.85% YoY to ₹520 crore. Total expenses increased marginally by 7.31% to ₹2,430.33 crore, with cost of materials consumed at ₹631.18 crore and employee benefits at ₹599.36 crore.
For the trailing twelve months ended FY26, Lenskart demonstrated exceptional growth with revenue from operations surging 32.49% to ₹8,814.04 crore and net profit jumping 68.48% to ₹500.95 crore compared to the previous TTM period. The company's EBITDA soared 86,955% to ₹1,578.68 crore, while PBT witnessed a strong rise of 76.54% to ₹680.33 crore. The company's consolidated net cash flow from operating activities stood at ₹1,669.59 crore in FY26, significantly higher than ₹1,230.63 crore in FY25.
