Lenskart Q3 profit jumps over 70x to Rs 131 crore; Revenue rises 38% YoY

Lenskart Q3 Results: Lenskart Solutions reported a sharp surge in earnings for the December quarter (Q3 FY26), with consolidated net profit rising over 70 times year-on-year to Rs 131 crore, compared with Rs 1.85 crore in the same quarter last year.

Revenue from operations rose to Rs 2,307.7 crore in Q3 FY26, compared with Rs 1,668.8 crore in the year-ago period. This marks a growth of around 38 per cent year-on-year.

Margins improve on better operating leverage

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Ebitda stood at Rs 464 crore in Q3 FY26, up from Rs 212 crore in the year-ago quarter. Ebitda margin expanded to 20.1 per cent from 12.7 per cent, indicating improved cost efficiencies and operating leverage.

Before the results were declared, shares of Lenskart closed 0.5 per cent lower at Rs 473 apiece on the NSE, compared with a 0.07 per cent rise in the benchmark Nifty.

IPO completed; shares listed in November

During the nine-month period ended 31 December 2025, the company completed its initial public offering (IPO) of 181,063,669 equity shares of face value Rs 2 each. The issue comprised a fresh issue of 53,501,096 shares and an offer for sale of 127,562,573 shares, aggregating to Rs 72,780.15 million.

Out of the Rs 20,806.25 million raised through the fresh issue, Rs 500 million had been utilised as of 31 December 2025 towards the stated objects of the offer. The remaining unutilised proceeds were temporarily invested in fixed deposits and will be deployed in line with the offer document.

The company’s shares were listed on National Stock Exchange of India Limited and BSE Limited on 10 November 2025. The IPO saw a muted debut, with the stock listing at Rs 395 on the NSE, a 1.74 per cent discount to the issue price of Rs 402. The shares later closed at Rs 404.55, slightly above the issue price.

Subsidiaries and associates performance

The company said six subsidiaries reported combined revenues of Rs 41.16 million for the December quarter and Rs 122.49 million for the nine-month period ended 31 December 2025. These subsidiaries posted a net loss of Rs 8.48 million for the quarter but a net profit of Rs 116.35 million for the nine-month period.

Three associates reported the group’s share of net loss at Rs 16.69 million for the December quarter and Rs 15.45 million for the nine-month period.

Lesnkart share price

Before the results were declared, shares of Lenskart closed 0.5 per cent lower at Rs 473 apiece on the NSE.