New Delhi, February 11 Eyewear firm Lenskart has posted a significant increase in consolidated profit after tax to Rs 132.7 crore in the December quarter, driven by growth in margins, new customer acquisition, and positive returns from its international business, the company said on Wednesday.
The company had posted a profit after tax of Rs 1.8 crore in the same period a year ago.
Lenskart's revenue from operations increased by 38 per cent to Rs 2,308 crore during the reported quarter from Rs 1,669 crore in the December 2024 quarter.
"Revenue grew by 37.4 per cent year-over-year in the third quarter (Q3) of fiscal year 2026, primarily driven by volume expansion and new customer acquisition. India grew by 40.4 per cent year-over-year, while the international segment grew by 32.7 per cent year-over-year, reflecting a growing platform," the company said in a statement.
Lenskart's profit before tax (PAT) in the domestic market grew over threefold to Rs 161 crore from Rs 48 crore on a year-on-year basis. The company posted a profit before tax of Rs 32.5 crore from the international market, which had reported a loss before tax of Rs 42.4 crore in the same period a year ago.
"The international segment grew by 32.7 per cent year-over-year, with EBITDA margins improving from 2 per cent to 6.1 per cent in nine months, significantly outperforming India at a comparable scale. With 705 international stores and a presence in Singapore, we are building a global platform. Technology trained on millions of Indian customers now strengthens operations everywhere," Lenskart CEO Peyush Bansal said in a letter to shareholders.
He said Lenskart's international segment is outpacing India's historical profitability curve, with superior profitability with half the footprint.
On the other hand, Lenskart converted past loans granted to loss-making overseas subsidiaries, Lenskart Singapore and NESO brands, into equity due to their inability to "service the principal and interest obligations".
Bansal said the company's international segment achieved 6.1 per cent operational profit with 705 stores in the nine months of the current fiscal year, while India was at 0.3 per cent with more than double the number of stores in FY23.
"The growth comes from higher product margins and applying our proven India strategy from day one," Bansal said.
He said India delivered a record 28 per cent same-store sales growth with 36 per cent same pincode sales growth during the reported quarter, which was an 800 basis points premium.
Lenskart said it conducted over 60 lakh eye tests during the reported quarter, with almost half being first-time exams.
"The Indian eyewear market is worth Rs 79,000 crore today, but the needs-based market exceeds Rs 4 lakh crore. More than 500 million people in India need vision correction. Every eye test expands the addressable market itself," Bansal said.
The company announced its employee stock option plan (ESOP) 2021, with approximately 2.6 crore options valued at around Rs 1,212 crore, and ESOP 2025 with 72.8 lakh options valued at around Rs 335 crore, based on the closing price of Rs 466.65 at the BSE on Wednesday.
