Lenskart Solutions (LENSKART) Q3 25/26 earnings summary

Executive summary

• Achieved 37% year-on-year revenue growth to INR 2,308 crores, marking the strongest quarter as a public company and record SSSG of 228% in India.

• EBITDA grew 90% year-on-year to INR 462 crores, with margin expanding 550 bps to over 20% for the first time.

• PAT more than tripled year-on-year to INR 133 crores; nine-month PAT more than doubled to INR 326 crores.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, were approved, reflecting the impact of recent acquisitions for like-for-like comparison.

• The company completed its IPO in November 2025, raising Rs. 72,780.15 million, with shares listed on NSE and BSE.

Financial highlights

• Consolidated revenue from operations for Q3 FY26 was Rs. 23,077.31 million, up from Rs. 16,688.35 million in Q3 FY25; nine-month revenue reached Rs. 62,983.31 million, up from Rs. 49,249.48 million year-over-year.

• Consolidated net profit after tax for Q3 FY26 was Rs. 1,327.11 million, compared to Rs. 18.52 million in Q3 FY25; nine-month net profit was Rs. 2,973.35 million, up from Rs. 772.06 million year-over-year.

• India revenue increased 40% year-on-year in Q3, driven by 32% growth in eyewear units and 60% increase in eye tests.

• International revenue grew 32.7% year-on-year in current currency, 24% in constant currency.

• Generated INR 485 crores of operating cash flow in nine months, funding store and plant expansion.

Outlook and guidance

• Growth is expected to remain volume-driven, with no price increases taken.

• Focus remains on expanding market share and investing in technology, with growth prioritized over margin maximization.

• IPO proceeds are being deployed as per the offer document, with Rs. 500 million utilized and the remainder temporarily invested in fixed deposits.

• Long-term margin improvement anticipated as manufacturing shifts to India and Thailand, reducing currency risk.

• Smart glasses launch planned in Q4, with ongoing investment in wearable intelligence and AI.