Lenskart Solutions (LENSKART) Q4 23/24 earnings summary

Executive summary

• Standalone revenue from operations grew 34% year-over-year to INR 31,866.3 million, with net profit rising to INR 1,440.43 million from INR 1,377.70 million.

• Consolidated revenue increased 43% year-over-year to INR 54,277.03 million, with consolidated net loss narrowing to INR 101.54 million from INR 637.57 million.

• Growth was driven by expansion of franchisee footprint and aggressive brand campaigns.

Financial highlights

• Standalone total income: INR 33,764.52 million (up from INR 25,313.97 million year-over-year).

• Standalone EPS: Basic INR 8.82, Diluted INR 8.80 (up from INR 8.75 and INR 8.72, respectively).

• Consolidated total income: INR 56,098.72 million (up from INR 39,279.74 million year-over-year).

• Consolidated EPS: Basic and Diluted loss per share INR 0.62 (improved from INR 4.05 loss per share).

• Standalone net cash from operations: INR 1,607.90 million; net cash used in investing: INR (6,713.75) million; net cash used in financing: INR (3,734.25) million.

• Gearing ratio improved to 13.47% from 16.82% year-over-year.

Outlook and guidance

• Continued focus on expanding franchisee network and brand awareness.

• Plans to convert loans to subsidiaries into equity in the coming year.